KARACHI, April 16, 2025 – The reopening of the Iraqi Consulate in Karachi after a 23-year hiatus marks a significant step toward enhancing economic, cultural, and diplomatic relations between Iraq and Pakistan.
(more…)Author: Shahnawaz Akhter
-
OICCI Calls for Unified Strategy to Transform Economy
Karachi, April 16, 2025 – In a bold call for economic reform, Yousaf Hussain, President of the Overseas Investors Chamber of Commerce and Industry (OICCI), stressed the need for a unified and future-oriented economic execution strategy to unlock Pakistan’s vast potential.
(more…) -
PTBA Exposes FBR Delays, Urges Immediate Fixes
Karachi, April 16, 2025 – The Pakistan Tax Bar Association (PTBA) has strongly criticized the Federal Board of Revenue (FBR) for its inefficiency and lack of commitment in addressing genuine concerns of taxpayers, despite the government’s claims of pursuing reform and digitization within the taxation system.
(more…) -
KSE-100 Sheds 755 Points Despite Positive Developments
Karachi, April 16, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline of 755 points on Wednesday, closing at 116,020 points, down from the previous day’s close of 116,775 points.
(more…) -
FPCCI Outlines Key Proposals for Budget 2025–26
Karachi, April 16, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday presented a comprehensive set of proposals for the upcoming federal budget 2025–26, calling it a decisive opportunity to shape the nation’s economic trajectory.
(more…) -
UBL Registers Highest-Ever Quarterly Profit in 1Q2025
Karachi, April 16, 2025 – United Bank Limited (UBL) has reported its highest-ever quarterly profit for the period ended March 31, 2025, marking a major milestone in the bank’s financial history.
(more…) -
FPCCI Urges Removal of Anomalies in Tea Import Policy
Karachi, April 15, 2025 — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the government to urgently address persistent anomalies in the tea import regime, which are adversely impacting tea traders and the broader supply chain.
(more…) -
PSX Climbs 385 Points Amid Global Market Optimism
Karachi, April 15, 2025 — The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday, as the benchmark KSE-100 index surged by 385 points, closing at 116,775 — up from the previous session’s closing of 116,390. The positive momentum was fueled by strong cues from global markets and investor optimism ahead of the corporate earnings season.
(more…) -
Tribal Areas Receive Rs14 Billion Electricity Tax Relief: FBR
Karachi, April 15, 2025 – The Federal Board of Revenue (FBR) has reported that consumers in the tribal areas benefited from a significant tax relief of over Rs14 billion on the supply of electricity, granted through a sales tax exemption under the Sales Tax Act, 1990.
(more…) -
KCCI Recommends Advance Tax Exemptions on FMCGs
Karachi, April 15, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to exempt fast-moving consumer goods (FMCGs) from advance tax collection under Sections 236G and 236H of the Income Tax Ordinance, 2001.
(more…)