Karachi, April 13, 2025 – In a significant move aimed at easing the financial burden on retiring employees, the Federal Board of Revenue (FBR) has extended income tax exemptions amounting to Rs1.65 billion on gratuity payments made to individuals during the tax year.
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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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Petroleum Prices Likely to Drop Sharply in Second Half of April
Karachi, April 13, 2025 – A substantial reduction in petroleum prices is expected in Pakistan during the second half of April, offering potential relief to inflation-stricken consumers.
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Aurangzeb Sees Copper as Key to Pakistan’s Economic Takeoff
Lahore, April 12, 2025 – Finance Minister Senator Muhammad Aurangzeb has highlighted copper as a vital resource that could unlock a new era of economic dividends for Pakistan.
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Gold Prices Hit Top Across World, Reach Rs 338K in Pakistan
Karachi, April 11, 2025 – Gold prices surged to unprecedented levels across the world on Friday, with Pakistan also witnessing a historic peak. In local markets, the price of 24-karat gold per tola climbed sharply to Rs 338,800 — an increase of Rs 10,000 from the previous all-time high of Rs 328,800 recorded just a day earlier.
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Top IRS Officer Dismissed Over Fraud, Misconduct Charges
Islamabad, April 11, 2025 – A senior officer of the Inland Revenue Service (IRS), holding the position of BS-20, has been awarded the major penalty of dismissal from service following a comprehensive disciplinary process.
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Salaried Class Demands Tax Burden Ease in Budget 2025-26
Karachi, April 10, 2025 – Pakistan’s salaried class has made an urgent appeal to the federal government to ease the growing tax burden in the upcoming Budget 2025–26, highlighting the financial pressures faced by wage earners amid high inflation and stagnant salaries.
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ICMA Evaluates U.S. Tariffs’ Impact on Pakistan’s Exports
Karachi, April 10, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMA) has released a comprehensive report analyzing the implications of the newly imposed 29% reciprocal tariff by the United States on Pakistan’s exports, with a particular focus on the textile industry.
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Gold Prices Skyrocket to Record Rs 328,800 per Tola in Pakistan
Karachi, April 10, 2025 – In a dramatic turn of events, gold prices in Pakistan surged to an all-time high on Thursday, reaching a historic Rs 328,800 per Tola.
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FBR Extends Sales Tax Return Deadline for February to April 13
Islamabad, April 9, 2025 – The Federal Board of Revenue (FBR) has announced an extension in the deadline for filing sales tax and federal excise return for the tax period of February 2025.
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ADB Projects 2.5% GDP Growth for Pakistan in FY25
Islamabad, April 9, 2025 – The Asian Development Bank (ADB) has projected Pakistan Gross Domestic Product (GDP) growth at 2.5% for the fiscal year 2025, attributing the forecast to ongoing tight macroeconomic policies.
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