KARACHI, May 25, 2025 — In a bold and sweeping move, the Federal Board of Revenue (FBR) has turned up the heat on Karachi’s taxpayers, launching one of the most aggressive audit campaigns in recent memory.
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Banks request budget fix for bad debts tax treatment
Banks in Pakistan have called upon the government to restore the original tax treatment on bad debts as part of their proposals for the upcoming budget 2025–26.
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Pharmaceutical industry submits tax proposals for Budget 2025–26
The pharmaceutical industry of Pakistan has officially submitted its tax proposals for the upcoming budget 2025–26, urging the government to address long-standing tax-related challenges that have adversely impacted the sector’s sustainability and affordability of medicine.
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IMF wraps up Pakistan visit, focuses on FY26 budget and reforms
ISLAMABAD, May 24, 2025 — The International Monetary Fund (IMF) has concluded a critical staff visit to Pakistan, centered around the formulation of the upcoming FY2026 budget and evaluation of ongoing economic reforms.
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Fans clash as Zendaya-Gaga AMA moment resurfaces
Twelve years after a red carpet moment went unnoticed by many, a resurfaced video featuring Zendaya and Lady Gaga has ignited a frenzy on social media.
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April import tax collection from big firms surges 22%: FBR
Karachi, May 24, 2025 — In a stunning display of economic momentum, the Federal Board of Revenue (FBR) has revealed a sensational 22% spike in import tax collection from Pakistan’s major corporate giants for April 2025. This meteoric rise signals a dramatic turnaround in fiscal performance, highlighting a renewed surge in industrial appetite and economic activity.
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Punjab weather update: thundershowers, rain forecast for districts
The Pakistan Meteorological Department (PMD) has issued a detailed Punjab weather update, predicting thundershowers and rainfall in multiple districts over the next 24 hours.
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Deported Pakistanis face FIRs, passport cancellation, travel ban
Islamabad, May 24, 2025 – The Government of Pakistan has decided to initiate tough legal and administrative measures against deported Pakistani nationals, including the registration of First Information Reports (FIRs) and passport cancellation.
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PAK vs BAN: PCB unveils ticket prices for Bangladesh T20I series
Lahore, 24 May 2025 – The Pakistan Cricket Board (PCB) has officially revealed ticket prices for the upcoming T20 International (T20I) series between Pakistan and Bangladesh. The highly anticipated three-match series will be hosted at Lahore’s iconic Gaddafi Stadium from 28 May to 1 June, with all matches scheduled to begin at 8:00 PM Pakistan Standard Time.
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CCP alerts firms on risks of unapproved vertical agreements
Islamabad, May 24, 2025 – The Competition Commission of Pakistan (CCP) has issued a strong caution to all undertakings engaging in prohibited agreements without securing prior exemption, warning that such violations may lead to severe financial penalties of up to Rs75 million or 10% of the annual turnover, whichever is higher.
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