ISLAMABAD, June 6, 2025 – The Federal Board of Revenue (FBR) is actively exploring the imposition of General Sales Tax (GST) on cross-border online sales as part of the upcoming budget for 2025–26.
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Pakistan moves forward with draft law for cryptocurrency regulation
Islamabad, June 6, 2025 – Pakistan has taken a major step toward regulating digital assets by preparing a draft law that lays the foundation for a comprehensive framework to govern cryptocurrency and virtual assets in the country.
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ECB cuts interest rates by 25bps as inflation outlook softens
The European Central Bank (ECB) has cut interest rates by 25 basis points, marking its latest effort to support the eurozone economy amid a cooling inflation environment. The move reflects growing confidence that inflation is steadily converging toward the ECB’s medium-term target.
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Pakistan’s forex reserves decline slightly to $16.598 billion: SBP
Karachi, June 5, 2025 – Pakistan’s total foreign exchange (forex) reserves declined modestly to $16.598 billion for the week ending May 30, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Anne Hathaway surprises fans by rejecting her own name
Hollywood star Anne Hathaway has stunned fans with a surprising revelation about her name—despite being globally recognized by it, she doesn’t actually like being called “Anne.”
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KIBOR – Karachi Interbank Offered Rates on June 5, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Thursday, June 5, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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PSX drops 158 points ahead of Eid holidays
Karachi, June 5, 2025 — The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a modest decline of 158 points on Thursday, as investors opted to book profits ahead of the extended Eid-ul-Adha holidays.
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SSGC assures uninterrupted gas supply during Eid-ul-Adha
Karachi, June 5, 2025 – The Sui Southern Gas Company (SSGC) has officially announced an uninterrupted gas supply plan for domestic and commercial consumers across Sindh and Balochistan during the upcoming Eid-ul-Adha holidays, providing much-needed relief amid increased cooking and hospitality needs.
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ICMAP summarizes tax suggestions for June 10 Budget 2025–26
Karachi, June 5, 2025 – With the Federal Budget 2025–26 set to be unveiled on June 10, the Institute of Cost and Management Accountants of Pakistan (ICMAP) has reiterated its detailed tax policy proposals submitted earlier to the Federal Board of Revenue (FBR).
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Blistering heatwave set to scorch Pakistan during Eid holidays
Islamabad, June 5, 2025 – In a dramatic weather turn, the Pakistan Meteorological Department (PMD) has sounded a severe heatwave alert across the nation, warning that this year’s Eid-ul-Adha holidays could be the hottest in recent memory.
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