Karachi, August 16, 2025 – The State Bank of Pakistan (SBP) has introduced stricter regulatory measures for the issuance of financial instruments (FIs) in connection with trade transactions, making it mandatory to include Harmonized System (H.S.) Codes and Unit of Measurement (UoM) details.
(more…)Author: Shahnawaz Akhter
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Pakistan’s weekly forex reserves remain stable
Karachi, August 15, 2025 – Pakistan’s weekly foreign exchange (forex) reserves remained broadly stable at $19.497 billion, according to the latest data released by the State Bank of Pakistan (SBP) on Friday.
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SRB unveils Sindh’s top 10 tax withholding agents
Karachi, August 15, 2025 – The Sindh Revenue Board (SRB) has released its annual list of the top 10 tax withholding agents for the fiscal year 2023-24, recognizing entities that played a major role in collecting Sindh Sales Tax (SST) on services.
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FBR gears up for mega tax audit drive in textile sector
Karachi, August 15, 2025 – If you’re part of Pakistan’s textile industry, it’s time to pay close attention. The Federal Board of Revenue (FBR) is preparing to roll out a massive audit exercise targeting the textile sector and its various sub-sectors nationwide.
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FBR issues comprehensive super tax guidelines for FY 2025–26
Karachi, August 14, 2025 – The Federal Board of Revenue (FBR) has released an updated set of guidelines outlining the scope, calculation method, and applicable rates of the super tax for the fiscal year 2025–26, aiming to bring clarity to a measure that has remained under debate since its inception.
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Pakistan advancing on path of economic stability: SBP governor
Karachi, August 14, 2025 – Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has expressed confidence that Pakistan is firmly advancing on the path of economic stability, supported by sustained reforms and prudent monetary policies.
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SBP targets overpriced trade transactions in major move
Karachi, August 14, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to strengthen oversight on prices declared in trade transactions, introducing detailed due diligence measures aimed at combating Trade-Based Money Laundering (TBML) and Terrorist Financing.
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SBP orders banks to implement stricter CDD for traders
KARACHI, August 14, 2025 – The State Bank of Pakistan (SBP) has issued a detailed directive requiring banks to enhance their customer due diligence (CDD) processes for all clients engaged in trade-related activities.
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FBR caps cash payments at Rs200,000 for retail, e-commerce
Islamabad, August 13, 2025 – The Federal Board of Revenue (FBR) has formally set limit for cash payments of Rs200,000 for both retail outlets and cash-on-delivery (COD) orders in the e-commerce sector.
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MPR forecasts FY26 GDP growth between 3.25% and 4.25%
Karachi, August 13, 2025 – The State Bank of Pakistan (SBP), in its flagship Monetary Policy Report (MPR), has projected Pakistan’s real GDP growth to range between 3.25% and 4.25% in the fiscal year 2025-26.
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