Karachi, February 4, 2025 – The sales of petroleum products in Pakistan witnessed an 8% year-on-year (YoY) increase in January 2025, signaling a recovery in economic activity and energy consumption.
(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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Saudi Arabia to provide $1.2bn oil on deferred payment to Pakistan
Islamabad, February 3, 2025 – Pakistan and Saudi Arabia have signed an agreement to import oil worth $1.2 billion on deferred payment terms, marking a crucial step in strengthening the bilateral ties between the two nations.
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Pakistan’s exports surge 10% to $19.55 billion 7MFY25
Islamabad, February 3, 2025 – Pakistan’s exports have experienced a significant boost, rising by 10% to reach $19.55 billion during the first seven months (July – January) of fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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KSE-100 plunges 1.32% amid concerns over property tax package
Karachi, February 3, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday, shedding 1,511 points, or 1.32%, as investors reacted negatively to concerns surrounding a potential tax package for the property sector.
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Pakistan’s inflation hits 111-month low at 2.4% in January
Islamabad, February 3, 2025 – Pakistan’s headline inflation based on the Consumer Price Index (CPI) dropped to 2.4% in January 2025, marking the lowest level in 111 months.
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Sindh approves landmark agricultural income tax law
Karachi, February 3, 2025 – In a historic move, the Sindh government has officially approved the imposition of an agricultural income tax, marking a significant policy shift aimed at enhancing fiscal discipline and revenue generation.
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FBR likely to abolish section 7E on deemed property income
Karachi, February 3, 2025 – The Federal Board of Revenue (FBR) is expected to eliminate Section 7E of the Income Tax Ordinance, 2001, which pertains to the taxation of deemed property income.
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Pakistan introduces policy for issuance of commemorative coins
Islamabad, February 2, 2025 – The Ministry of Finance has officially released policy guidelines for the issuance of commemorative coins in Pakistan, aiming to bring structure and consistency to the process.
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New amnesty for property transactions in Pakistan?
Is Pakistan on the verge of introducing a new amnesty for property transactions, exempting buyers from disclosing their income sources?
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FBR files criminal case against faceless customs manipulators
Islamabad, February 1, 2025 – The Federal Board of Revenue (FBR) has launched criminal proceedings against a customs officer, several customs agents, and private individuals accused of tampering with the recently introduced Faceless Customs Assessment System—a key initiative designed to bring efficiency, transparency, and uniformity to customs clearance operations.
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