Islamabad, June 22, 2025 — The Senate of Pakistan has formally submitted a set of recommendations to the National Assembly, seeking crucial amendments to the arrest powers of Federal Board of Revenue (FBR) officers under the proposed Finance Bill, 2025.
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Senate proposes major relief on salary tax in Finance Bill 2025
Islamabad, June 21, 2025 — In a move aimed at providing relief to salaried individuals, the Senate of Pakistan has recommended increasing the tax exemption threshold on salary income from the existing Rs600,000 to Rs1.2 million per annum.
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Dortmund secure win over Sundowns in Club World Cup Clash
Borussia Dortmund found their attacking rhythm just in time to claim a hard-fought 4-3 victory over a resilient Mamelodi Sundowns in their Group F encounter at the FIFA Club World Cup 2025™, held at the TQL Stadium in Cincinnati.
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England fight back on day 2 after India’s big total
June 21, 2025 – Lord’s, London — England ended Day 2 of the first Test in the Anderson-Tendulkar Trophy series at 209/3, responding to India’s formidable first innings total of 471. After being on the back foot for most of Day 1 and the early part of Day 2, the hosts mounted a determined fightback, closing the day with renewed confidence.
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Bangladesh, Sri Lanka draw first Test after farewell for Mathews
Galle, June 21, 2025 — The opening Test of the two-match series between Bangladesh and Sri Lanka concluded in a draw at the iconic Galle International Stadium, after five absorbing days of competitive cricket and emotional farewells.
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FBR further extends deadline for mandatory electronic integration
Islamabad, June 21, 2025 — The Federal Board of Revenue (FBR) has once again extended the deadline for mandatory electronic integration of businesses into its centralized computerized system, in a continued effort to strengthen digital tax documentation and ensure comprehensive compliance.
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NIBAF, Risk Associates sign pact to strengthen cyber defenses
KARACHI, June 21, 2025 — The National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have entered into a strategic Memorandum of Understanding (MoU) aimed at significantly enhancing cybersecurity resilience across Pakistan’s financial sector. The signing ceremony took place at Risk Associates’ regional office in Karachi and marks a crucial milestone in cybersecurity capacity-building efforts.
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Port Qasim leads in five-year customs duty collection in Pakistan
Karachi, June 21, 2025 – In a comprehensive review of customs duty performance over the past five fiscal years, Port Qasim has emerged as the top contributor in Pakistan’s customs duty collection, highlighting its strategic importance in the country’s import landscape.
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Salary income up to Rs1.2 million to pay 1% tax: Aurangzeb
Islamabad, June 21, 2025 – Finance Minister Senator Muhammad Aurangzeb on Saturday announced significant tax relief for the salaried class, stating that salary income of up to Rs1.2 million annually will now be subject to only 1% income tax from the next fiscal year.
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Gold prices surge by Rs1,465 per Tola in Pakistan
Karachi, June 21, 2025 – In a sharp upward movement, gold prices in Pakistan increased by Rs1,465 per Tola on Saturday, mirroring gains in international markets.
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