Karachi, February 6, 2025 – The Pakistan Stock Exchange (PSX) witnessed a tumultuous week, with the benchmark KSE-100 index extending its losing streak for a third consecutive session.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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PM Shehbaz to Review Tax Recommendations for Housing Sector
Islamabad – Prime Minister Mohammad Shehbaz Sharif is set to review key tax recommendations put forth by the housing sector task force during a crucial meeting today February 6, 2025.
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China Files WTO Complaint Against US Tariff Measures
Beijing, February 6, 2025 – China has officially approached the World Trade Organization (WTO) to challenge the latest tariff measures imposed by the United States on goods originating from China.
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FBR Updates Extra Tax Collection Procedure from Non-ATL Users
Karachi, February 6, 2025 – The Federal Board of Revenue (FBR) has introduced updated procedures for collecting extra sales tax from electricity and gas consumers who are not listed on the Active Taxpayers List (ATL).
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Gold Prices in Pakistan Hit Historic High Near Rs 300,000 per Tola
Karachi, February 5, 2025 – Gold prices in Pakistan have soared to an unprecedented high, reaching close to Rs 300,000 per tola on Wednesday, marking a historic milestone in the country’s bullion market. The continuous upward trend has left investors and traders closely monitoring further developments.
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Pensioners avail Rs 43.61 billion income tax exemption: FBR
Karachi, February 5, 2025 – Pensioners in Pakistan have benefitted from a tax exemption amounting to Rs 43.61 billion on their income within a year, according to official documents.
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APCCA warns shutdown, FBR remains resolute on faceless system
Karachi, February 4, 2025 – The ongoing standoff between the Federal Board of Revenue (FBR) and the All Pakistan Customs Clearing Agents Association (APCCA) has reached a critical juncture, with the customs sector facing potential paralysis if the government does not address APCCA’s demands. As tensions escalate, the question remains whether authorities will engage in negotiations or maintain their rigid stance against the association’s ultimatum.
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PM Shehbaz announces Ramazan package without Utility Stores
Islamabad, February 4, 2025 – Prime Minister Shehbaz Sharif announced on Tuesday that the government will unveil the Ramazan Relief Package this year without involving Utility Stores, aiming to prevent corruption and ensure high-quality commodities reach the public.
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FBR unveils duty-free vehicle import scheme for Gwadar
Karachi, February 4, 2025 – The Federal Board of Revenue (FBR) has announced a major step to support the construction, development, and operations of Gwadar Port and the Gwadar Free Zone Area by allowing the duty and tax-free import of vehicles by concession holders and their operating companies.
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PM task force recommends amnesty for property transactions
Islamabad, February 4, 2025 – A high-level task force established by Prime Minister Mohammad Shehbaz Sharif has put forward significant recommendations aimed at revitalizing the real estate sector by introducing an amnesty on property transactions.
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