ISLAMABAD, May 5, 2025 – Prime Minister Shehbaz Sharif on Monday directed the Federal Board of Revenue (FBR) and other relevant authorities to intensify their crackdown on tax evasion, under-invoicing, and commercial irregularities, stressing the need for strict legal action against those engaged in the sale and purchase of untaxed or illegally produced goods, especially counterfeit cigarettes.
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Bangladesh to embark on all-format tour of Sri Lanka in June-July
Bangladesh is set to tour Sri Lanka for an all-format cricket series in June and July 2025, marking their first bilateral visit to the island nation in four years.
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Tax Laws (Amendment) Ordinance 2025 unconstitutional: KATI
KARACHI, May 5, 2025 – The Korangi Association of Trade and Industry (KATI) has vehemently rejected the recently enacted Tax Laws (Amendment) Ordinance 2025, branding it as unconstitutional, anti-business, and a grave threat to economic stability.
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PCDMA rejects Tax Laws (Amendment) Ordinance 2025
KARACHI, May 5, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly opposed the recently promulgated Income Tax Laws (Amendment) Ordinance 2025, calling it a draconian measure that threatens to cripple business confidence and economic stability.
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KCCI slams modest 1% policy rate cut as inadequate
Karachi, May 5, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has voiced strong dissatisfaction over the State Bank of Pakistan’s (SBP) decision to cut the benchmark policy rate by a mere 1%, reducing it from 12% to 11%.
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PSX slips 12 points in volatile trading session
Karachi, May 5, 2025 – The Pakistan Stock Exchange (PSX) witnessed a highly volatile trading session on Monday, ultimately shedding 12 points amid mixed investor sentiment and a much-anticipated monetary policy announcement by the State Bank of Pakistan (SBP).
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Gold prices in Pakistan surge by Rs7,800 amid global rally
Karachi, May 5, 2025 – Gold prices in Pakistan witnessed a significant jump on Monday, rising sharply by Rs7,800 per tola amid a robust upward trend in global bullion markets.
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SBP cuts benchmark rate to 11%, surpassing market consensus
Karachi, May 5, 2025 — In a move that exceeded market forecasts, the State Bank of Pakistan (SBP) announced a 100 basis point reduction in its benchmark policy rate, bringing it down to 11%, effective May 6, 2025.
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FTO orders Customs to return gold held Illegally for 27 years
ISLAMABAD: May 5, 2025 — In a landmark decision, the Federal Tax Ombudsman (FTO) has directed Pakistan Customs to return 170 tolas of gold unlawfully held for over 27 years, following a protracted legal battle that saw judgments in favor of the complainant from all tiers of Pakistan’s judicial system, including the Supreme Court.
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Haval H6 Facelift – a closer look at all three variants in Pakistan
Haval continues to build its strong presence in Pakistan’s SUV market with the introduction of the facelifted Haval H6, a model that has steadily gained popularity among crossover enthusiasts.
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