Grant Thornton Anjum Rahman, a reputable firm of Chartered Accountants, has raised significant concerns regarding the financial viability of Silkbank Limited.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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KCCI Elections Annulled by DGTO, Fresh Polls Ordered
Karachi, March 4, 2025 – The Directorate General of Trade Organizations (DGTO) has declared the elections of the Karachi Chamber of Commerce and Industry (KCCI) for the term 2024-26 as null and void due to serious legal objections raised by a complainant.
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FBR Forms Monitoring Committee to Oversee ICTE
Islamabad, March 4, 2025 – The Federal Board of Revenue (FBR) has officially constituted a monitoring committee to supervise the establishment and operations of the International Center for Tax Excellence (ICTE).
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NBP Successfully Absorbs Rs68Bn Pension Expenses: Chairman
Karachi, March 4, 2025 – The National Bank of Pakistan (NBP) has successfully managed an extraordinary pension expense of Rs 68 billion without compromising its financial stability, according to Chairman Ashraf Mahmood Wathra.
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Pakistan’s Trade Deficit Expands by 6.33% in 8MFY25
Islamabad, March 3, 2025 – Pakistan’s trade deficit has expanded by 6.33% during the first eight months (July – February) of the fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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Pakistan’s Headline Inflation Declines to 1.5% in February 2025
Islamabad, March 3, 2025 – Pakistan’s headline inflation, measured through the Consumer Price Index (CPI), recorded a decline to 1.5% on a year-on-year (YoY) basis in February 2025, compared to 2.4% in the previous month and a significantly higher 23.1% in February 2024. This decline in headline inflation suggests a notable easing in price pressures, reflecting improved economic stability.
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FBR Collects Rs 5.71 Billion Advance Tax on Cash Withdrawals
Islamabad, March 3, 2025 – The Federal Board of Revenue (FBR) has successfully collected Rs 5.71 billion as advance tax on cash withdrawals during the first seven months (July–January) of the current fiscal year 2024-25. This tax applies to individuals making large cash withdrawals from banks who are not listed on the Active Taxpayers’ List (ATL).
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Banks After-Tax Earnings Rise to Rs 597 Billion in 2024
Karachi, March 3, 2025 – The banking sector in Pakistan has reported a notable increase in after-tax earnings, reaching Rs 597 billion for the year ending December 31, 2024. This marks a 5% year-on-year (YoY) growth compared to Rs 567 billion recorded in the previous year, demonstrating the resilience of banks amid evolving economic conditions.
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PM Shehbaz Takes Action Against Ramadan Gas Disruptions
Prime Minister Shehbaz Sharif has issued strict directives to ensure uninterrupted gas supply during Sehri and Iftar hours throughout the holy month of Ramadan.
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PM Shehbaz Takes Steps to Stabilize Essential Prices
Islamabad, March 2, 2025 – Prime Minister Shehbaz Sharif has issued firm directives to the concerned authorities, emphasizing the urgent need to ensure the availability of essential commodities at reduced prices for the general public.
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