The pharmaceutical industry of Pakistan has officially submitted its tax proposals for the upcoming budget 2025–26, urging the government to address long-standing tax-related challenges that have adversely impacted the sector’s sustainability and affordability of medicine.
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CCP alerts firms on risks of unapproved vertical agreements
Islamabad, May 24, 2025 – The Competition Commission of Pakistan (CCP) has issued a strong caution to all undertakings engaging in prohibited agreements without securing prior exemption, warning that such violations may lead to severe financial penalties of up to Rs75 million or 10% of the annual turnover, whichever is higher.
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Competition tribunal orders fresh hearing in sugar mills case
ISLAMABAD: The Competition Appellate Tribunal (CAT) has remanded the high-profile Rs44 billion penalty case involving the Pakistan Sugar Mills Association (PSMA) and its member sugar mills back to the Competition Commission of Pakistan (CCP) for a fresh hearing. The Tribunal issued its short order in response to appeals filed by the PSMA and affiliated mills, challenging the CCP’s 2021 decision.
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FPCCI secures assurance for review of controversial tax laws
Karachi, May 23, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has secured a significant breakthrough, as top government officials have assured a review of the much-contested Tax Laws (Amendment) Ordinance 2025 following strong opposition from the business community.
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MTO Karachi trains KATI members on digital tax reforms
Karachi, May 23, 2025 — The Medium Taxpayers Office (MTO) Karachi held an important awareness session on Friday for members of the Korangi Association of Trade and Industry (KATI), shedding light on the newly introduced automated tax invoicing system powered by Pakistan Revenue Automation Limited (PRAL).
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Foreign investors urge tax relief for beverage industry in budget
Karachi, May 23, 2025 – Foreign investors operating in Pakistan have called on the government to provide tax relief for the beverage industry in the upcoming federal budget for fiscal year 2025-26.
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Budget 2025-26: FBR rejects final tax regime revival for exporters
Islamabad, May 23, 2025 – In a stunning blow to the country’s vital export sector, the Federal Board of Revenue (FBR) has flatly denied any plans to reinstate the Final Tax Regime (FTR) for exporters in the upcoming Budget 2025-26.
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Business confidence in Pakistan sees major boost: OICCI survey
Karachi, May 22, 2025 — In a major sign of an economic turning point, business confidence in Pakistan has rebounded dramatically, with optimism soaring across industries, according to the latest Business Confidence Index (BCI) Survey released by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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ABAD proposes abolishing Section 7E – deemed property income
Karachi, May 22, 2025 – In a powerful and urgent appeal, the Association of Builders and Developers of Pakistan (ABAD) has demanded the immediate abolition of the controversial deemed income tax under Section 7E of the Income Tax Ordinance, 2001.
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Pakistan Textile Council proposes bold reforms in Budget 2025–26
Islamabad, May 22, 2025 – In a major policy move ahead of the federal budget 2025–26, the Pakistan Textile Council (PTC) has submitted a sweeping set of proposals aimed at reviving Pakistan’s export economy, improving ease of doing business, and reducing reliance on IMF programmes.
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