Islamabad, May 3, 2025 – In a major crackdown on tax evasion, the federal government is preparing to enforce a complete ban on property transactions by non-filers of income tax returns.
(more…)Author: Shahnawaz Akhter
-
KTBA pushes CNIC enforcement across entire supply chain
Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has recommended that the Federal Board of Revenue (FBR) should make it mandatory for all unregistered individuals involved in the supply chain to provide their Computerized National Identity Card (CNIC) or National Tax Number (NTN).
(more…) -
KSE-100 Index surges 2,787 points amid renewed confidence
Karachi, May 2, 2025 — The Pakistan Stock Exchange (PSX) witnessed a sharp recovery on Friday as the KSE-100 index rebounded by 2,787 points, fueled by renewed investor optimism and improving regional sentiment.
(more…) -
Pakistan’s trade deficit soars 55% year-on-year in April 2025
Islamabad, May 2, 2025 — Pakistan has reported a steep year-on-year rise in its trade deficit, which surged by 55% in April 2025, highlighting growing concerns over the country’s external trade balance.
(more…) -
Water shortage halts industrial production in Karachi: SAI
KARACHI, May 2, 2025 – Ahmed Azeem Alvi, President of the SITE Association of Industry (SAI), has raised a serious alarm over the ongoing water crisis in Karachi’s key industrial zone. He revealed that factories in the SITE area have not received a drop of water in the last two weeks, leading to a near-complete shutdown of industrial activity.
(more…) -
Aurangzeb reassures OICCI on inclusion of budget proposals
Karachi, May 2, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has assured the Overseas Investors Chamber of Commerce and Industry (OICCI) that their budget recommendations will be given serious consideration during the upcoming budget formulation process.
(more…) -
Pakistan’s April headline inflation falls to record low of 0.3%
Islamabad, May 2, 2025 – Pakistan’s headline inflation hit a multi-year low in April 2025, reflecting a significant deceleration in consumer prices.
(more…) -
KTBA urges salary tax threshold rise to Rs1.2 million
Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the federal government to increase the tax-exempt threshold on salary income from the current Rs600,000 to Rs1.2 million in the upcoming budget for the fiscal year 2025-26.
(more…) -
PSX calls for tax exemption on inter-corporate dividends
Karachi, May 2, 2025 – The Pakistan Stock Exchange (PSX) has urged the government to restore the tax exemption on inter-corporate dividends for companies eligible for group taxation.
(more…) -
KCCI urges removal of regulatory duty on polyester yarn
Karachi, May 2, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has strongly recommended the removal of the 5% regulatory duty on polyester yarn in its official tax proposals for the upcoming federal budget 2025–26.
(more…)