Karachi, April 28, 2025 – The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has issued a grave warning regarding the economic fallout caused by the prolonged closure of major highways across Sindh. In a strongly worded statement, PHMA highlighted that ongoing protests disrupting key transport routes leading to Karachi Port have brought the export sector to a virtual standstill.
(more…)Author: Shahnawaz Akhter
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KCCI calls for tax relief for yarn traders in budget 2025-26
Karachi, April 27, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to introduce tax relief measures for yarn traders in the upcoming federal budget 2025-26, aiming to boost compliance and support growth within the sector.
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PSX uncovers massive undocumented wealth in real estate sector
Karachi, April 27, 2025 – The Pakistan Stock Exchange (PSX) has revealed a significant presence of undocumented wealth circulating within the real estate sector and has suggested several reforms to integrate this sector into the formal tax framework.
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How FBR modernizes invoicing systems through successive SROs
The Federal Board of Revenue (FBR) has undertaken a significant journey to digitize tax compliance, particularly through the progressive rollout of digital invoicing and e-invoicing systems.
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Pakistan Customs, KCCI strengthen collaboration to boost exports
KARACHI: In a concerted effort to invigorate Pakistan’s export sector, the Chief Collector of Pakistan Customs (Export), Mohammad Sadiq, reiterated the unwavering commitment of the Customs authorities to bolster trade operations through close collaboration with the Karachi Chamber of Commerce and Industry (KCCI).
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Exporter suffers major loss after critical bank miscalculation
Karachi, April 26, 2025 – In a recent case, a serious miscalculation by a leading Bank caused a substantial financial loss to an exporter, highlighting the critical importance of accurate handling of export proceeds.
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PSX sentiments closely tied to geopolitical tensions ahead
Karachi, April 26, 2025 – The Pakistan Stock Exchange (PSX) is expected to remain under the influence of geopolitical sentiments in the coming week starting April 28, 2025.
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FBR reports 55% growth in electricity bill tax collection for March
Karachi, April 26, 2025 – The Federal Board of Revenue (FBR) has reported a substantial 55% increase in tax collection from electricity bills for the month of March 2025, reflecting a surge in energy consumption driven by rising industrial and commercial activity.
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PSX proposes 5% CGT on all derivatives in Budget 2025-26
Karachi, April 26, 2025 – The Pakistan Stock Exchange (PSX) has proposed a flat Capital Gains Tax (CGT) rate of 5% on all derivative instruments in its budget recommendations for the fiscal year 2025-26. This includes cash-settled derivative contracts and all futures contracts traded on the PSX.
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Tax collection windows to remain open on Saturdays: FBR
Islamabad, April 25, 2025 – In a bid to facilitate taxpayers and ensure the achievement of tax collection targets, the Federal Board of Revenue (FBR) has announced that its offices will remain open on Saturdays until June 30, 2025.
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