ISLAMABAD – In a sweeping overhaul of the import duty regime, the government has revised Customs laws through amended Finance Bill, 2025 to implement a revised structure of tariff slabs, effective from July 1, 2025. The move is part of a broader tariff rationalization plan aimed at streamlining import costs, encouraging trade, and aligning with global best practices.
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FBR committee to regulate property transactions under sales tax
ISLAMABAD – In a significant move to tighten tax compliance, the Federal Board of Revenue (FBR) will now form a dedicated committee to oversee property transactions involving individuals who are not registered under the Sales Tax Act, 1990. This committee will have the authority to recommend whether to impose or lift a bar on the transfer of immovable property in such cases.
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No arrest without final tax inquiry: FBR reined in after public uproar
ISLAMABAD – The Federal Board of Revenue (FBR) has been forcefully restrained from making any arrest in tax fraud cases unless a formal inquiry is completed—marking a major policy shift sparked by fierce public backlash.
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West Indies fast bowlers punish Australia in Kensington Test
Bridgetown, June 26, 2025 – The Frank Worrell Trophy Test between Australia and West Indies continued at a blistering pace on Day 2, setting the stage for what could become a rare three-day finish.
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Demi Lovato faces backlash over simple cooking tutorial
Demi Lovato has kicked off a new chapter in her career, but her latest endeavor hasn’t been received quite as warmly as expected.
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Zayn Malik shines spotlight on friend’s animated film ‘Room20’
Zayn Malik has once again proven the strength of his friendships and the influence of his loyal fanbase, affectionately known as the Zquad. On Wednesday, June 25, the globally renowned singer and former One Direction member took to his Instagram Stories to show support for a close friend’s creative endeavor.
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Windsor on alert: Kate and William face insect threat
Princess Kate and Prince William have been alerted to a rising environmental health threat close to their Windsor residence, as an outbreak of oak processionary moth (OPM) caterpillars spreads through Windsor Great Park. The infestation is causing concern among local residents and royal watchers alike due to its potential health risks—particularly to children and pets.
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NDMA issues monsoon urban flooding alert for Karachi
Karachi, June 27, 2025 – As the monsoon system intensifies over southern Pakistan, the National Disaster Management Authority (NDMA) has issued a critical alert warning of potential urban flooding in Karachi and surrounding areas over the next 48 hours.
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Pakistan’s weekly forex reserves fall $2.61 billion before fiscal close
Karachi, June 26, 2025 — Pakistan’s foreign exchange (forex) reserves have witnessed a dramatic plunge of $2.61 billion in just one week, raising fresh concerns over the country’s external financial stability ahead of the fiscal year-end.
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KIBOR – Karachi Interbank Offered Rates on June 26, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Thursday, June 26, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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