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New FBR Amendments to EFS. Stricter Rules & Penalties Ahead!

28-Feb-2025
The Federal Board of Revenue (FBR) has put forward significant modifications to the Export Finance Scheme (EFS) to combat misuse and improve tax adherence. These revisions, announced under SRO204 of 2...
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New FBR Amendments to EFS. Stricter Rules & Penalties Ahead!

Private Sector Loans Plunge by 50 percent, Threatening Economic Growth Targets

28-Feb-2025
The private sector has significantly reduced its borrowing from banks, returning nearly 50% of the loans within a month, signaling a lack of confidence in business growth and a slowdown in investment ...
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Private Sector Loans Plunge by 50 percent, Threatening Economic Growth Targets

SHC Upholds Windfall Tax on Banks, FBR Collects Rs72 Billion

26-Feb-2025
The Sindh High Court (SHC) has rejected the petitions challenging the application of Section 99D of the Income Tax Ordinance 2001 and the SRO 1588 (I) of 2023, which pertain to the imposition of a win...
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SHC Upholds Windfall Tax on Banks, FBR Collects Rs72 Billion

SBP Governor Calls for Banks to Support SMEs & Drive Economic Growth

26-Feb-2025
Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), has urged commercial banks to rethink their current business strategies and focus more on extending credit to small and medium-sized ent...
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SBP Governor Calls for Banks to Support SMEs & Drive Economic Growth

PAC Takes Action on Trillions in Unpaid Electricity Dues

26-Feb-2025
The Public Accounts Committee (PAC) has called for the details of the top 300 electricity defaulters as public and private entities collectively owe trillions of rupees to power distribution companies...
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PAC Takes Action on Trillions in Unpaid Electricity Dues

FBR Withdraws EFS 2021 for Iron & Steel Scrap to Tighten Tax Rules

26-Feb-2025
The Federal Board of Revenue (FBR) has rescinded the Export Facilitation Scheme (EFS) 2021 for importers of iron and steel scrap, aiming to curb misuse and enforce stricter tax regulations. This chang...
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FBR Withdraws EFS 2021 for Iron & Steel Scrap to Tighten Tax Rules

FBR Launches Centralized Customs System to Speed Up Import Clearance

26-Feb-2025
Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to re...
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FBR Launches Centralized Customs System to Speed Up Import Clearance

SBP Buys $4.98B to Strengthen Reserves Amid Debt Challenges

26-Feb-2025
Between June and November 2024, the State Bank of Pakistan (SBP) acquired $4.98 billion from the interbank market to bolster its foreign exchange reserves and address debt obligations, according to re...
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SBP Buys $4.98B to Strengthen Reserves Amid Debt Challenges

Fuel Price Update. Petrol Set to Rise, HSD Sees Change

26-Feb-2025
From March 1, petrol prices are anticipated to rise by approximately Rs4 to Rs4.50 per litre, while high-speed diesel (HSD) may experience a slight reduction, reflecting global oil price movements and...
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Fuel Price Update. Petrol Set to Rise, HSD Sees Change

Pakistan’s Trade Deficit with Regional Neighbours Expands by 40.42% in First Seven Months of FY25

26-Feb-2025
Pakistan's trade deficit with its nine neighboring countries surged by 40.42%, reaching $6.379 billion in the first seven months of FY25, compared to $4.543 billion in the same period last year. The w...
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Pakistan�s Trade Deficit with Regional Neighbours Expands by 40.42% in First Seven Months of FY25
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