Islamabad, June 22, 2025 – The National Assembly Standing Committee on Finance and Revenue has formally endorsed the Digital Presence Proceeds Tax Act, 2025, a landmark legislation designed to tax proceeds generated from digital economic activities in Pakistan by non-resident entities. The new law, which is part of the Finance Bill 2025, is expected to come into force on July 1, 2025, pending final approval by the National Assembly.
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Volatile rupee likely against dollar amid geopolitical uncertainty
Karachi, June 22, 2025 – The Pakistani rupee is likely to remain under pressure against the US dollar in the coming week starting June 23, as escalating geopolitical tensions continue to weigh on investor sentiment and currency flows.
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PYMA urges remove of yarn duty anomalies in Budget 2025-26
Karachi, June 22, 2025 – The Pakistan Yarn Merchants Association (PYMA) has called on the federal government to urgently address anomalies in the duty structure on yarn as outlined in the Budget 2025-26.
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Pakistan spends $1.36 billion on mobile phones import in 11MFY25
Islamabad, June 22, 2025 – Pakistan has spent a substantial $1.36 billion on the import of mobile phones during the first eleven months (July–May) of the fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS).
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Senate recommends enhancing limit for eligible transactions
Karachi, June 22, 2025 – The Senate of Pakistan has proposed significant changes to the Finance Bill, 2025, recommending a substantial increase in the threshold of financial resources required for certain transactions.
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Port Qasim Shipping Operations Report – June 22, 2025
Karachi, June 22, 2025 – The Port Qasim Authority (PQA) has released its detailed shipping operations report for Sunday, June 22, 2025, providing a comprehensive overview of vessel movements and cargo handling activities over the past 24 hours.
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Punjab Weather Forecast for June 23, 2025
The Pakistan Meteorological Department (PMD) has released the Punjab weather forecast for Monday, June 23, 2025, indicating that the province is expected to experience predominantly hot and humid conditions, with chances of isolated rain and thunderstorms in several districts.
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Pachuca Targets Real Madrid Upset in Club World Cup
Mexican football club Pachuca is preparing for a crucial test as they face off against Spanish powerhouse Real Madrid in an eagerly awaited FIFA Club World Cup Group H clash.
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Dortmund Survives Sundowns Scare in Club World Cup Thriller
Borussia Dortmund narrowly escaped a late scare to edge Mamelodi Sundowns 4-3 in a dramatic FIFA Club World Cup Group F encounter on Saturday at TQL Stadium.
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Pope’s Heroics and Bumrah’s Brilliance Light Up Headingley Test
The second day of the first Test between England and India produced a gripping battle marked by Ollie Pope’s fighting century and Jasprit Bumrah’s late-session heroics.
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