Karachi, July 23, 2025 – In a dramatic surge, gold prices in Pakistan soared to an all-time high on Wednesday, reaching Rs364,900 per tola in local markets.
(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 directs FBR to curb informal economy
Islamabad, July 23, 2025 – Prime Minister Shehbaz Sharif on Wednesday reaffirmed his government’s commitment to comprehensive tax reforms and directed the Federal Board of Revenue (FBR) to intensify its efforts to bring the informal economy into the tax net.
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FBR tightens grip on sales tax evaders with new restrictions
Karachi, July 23, 2025 – If you’re a business engaged in taxable supplies and still haven’t registered for sales tax, it’s time to take notice! The Finance Act, 2025 has introduced tough new restrictions through three powerful sections—14AC, 14AD, and 14AE—under the Sales Tax Act, 1990. These sweeping changes aim to crack down on unregistered persons and bring them into the formal tax net.
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KSE-100 index hits all-time high as bulls dominate market
Karachi, July 22, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a historic high on Tuesday as the bulls made a powerful comeback, signaling renewed investor confidence and a strong momentum in equities.
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Mobile phones import drops 50% in June 2025: PBS
Islamabad, July 20, 2025 – The Pakistan Bureau of Statistics (PBS) has revealed a dramatic 50% year-on-year (YoY) decline in the import of mobile phones for the month of June 2025.
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FBR notifies duty structure for HEV imports during 2025–26
Karachi, July 20, 2025 – The Federal Board of Revenue (FBR) has officially issued the updated customs duty rates applicable on the import of Hybrid Electric Vehicles (HEVs) for the fiscal year 2025–26.
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Govt refuses assurance, traders launch July 19 tax strike
Islamabad, July 18, 2025 – The federal government has flatly refused to yield to mounting pressure from the business community, which has announced a full-blown strike on July 19 to protest against what they call oppressive tax laws imposed through the Finance Act, 2025.
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Pakistan achieves $2.11 billion current account surplus in FY25
Karachi, July 18, 2025 – In a major economic milestone, Pakistan has registered a current account surplus of $2.11 billion for the fiscal year 2024–25, according to official data released by the State Bank of Pakistan (SBP).
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Sugar Injustice: millers pocket $411m, public bears cost
Islamabad, July 18, 2025 – In a jaw-dropping twist of economic injustice, sugar millers in Pakistan have raked in a staggering $411 million from sugar exports in fiscal year 2024–25, while local consumers face a bitter reality of shortages and soaring retail prices.
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FBR shatters records as active taxpayers list hits 7.40 million
Karachi, July 18, 2025 – In a massive breakthrough for Pakistan’s tax enforcement regime, the Federal Board of Revenue (FBR) has set an unprecedented record: the Active Taxpayers List (ATL) has skyrocketed to an astonishing 7.40 million by July 17, 2025.
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