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FBR Mandates Rs200k-500k Deposit for Forwarders

12-Jul-2025
Islamabad, July 12, 2025, 05:25 PM PKT — The Federal Board of Revenue (FBR) has unveiled stringent new licensing requirements for freight forwarders, mandating security deposits of Rs200,000 for sin...
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FBR Mandates Rs200k-500k Deposit for Forwarders

Section 21(s) Faces Flak Over Cash Transaction Rules

12-Jul-2025
Islamabad, July 12, 2025, 05:17 PM PKT — Section 21(s) of the Income Tax Ordinance, 2001, introduced via the Finance Act 2025 and effective July 1, 2025, is facing fierce resistance just eleven days...
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Section 21(s) Faces Flak Over Cash Transaction Rules

PSQCA Approves Reforms for Staff, Trade, Sustainability

12-Jul-2025
Islamabad, July 12, 2025, 04:46 PM PKT — In a landmark high-level meeting, Federal Minister for Science and Technology Khalid Hussain Magsi chaired the 35th PSQCA Board of Directors session, approvi...
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PSQCA Approves Reforms for Staff, Trade, Sustainability

Finance Division Outlines FY25-26 Budget Fund Strategy

11-Jul-2025
Islamabad, July 11, 2025, 05:59 PM PKT — The Finance Division has unveiled a stringent strategy for disbursing development and recurrent budget funds for FY 2025-26, with all releases tied to fiscal...
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Finance Division Outlines FY25-26 Budget Fund Strategy

Banks See 14% Profit Drop in 2Q2025 Amid Challenges

11-Jul-2025
Islamabad, July 11, 2025, 05:49 PM PKT — Pakistan’s banking sector braces for a modest 2QCY25 performance, with major banks facing a 1% year-on-year (YoY) profitability decline and a staggering 14...
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Banks See 14% Profit Drop in 2Q2025 Amid Challenges

Committee Approves Civil Servants Bill, Limits Layoffs

11-Jul-2025
Islamabad, July 11, 2025, 04:31 PM PKT — The Standing Committee of the National Assembly on Cabinet Secretariat, chaired by MNA Malik Ibrar Ahmad, has unanimously approved “The Civil Servants (Ame...
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Committee Approves Civil Servants Bill, Limits Layoffs

LCCI Calls Strike on July 19 Over Tax Issues

11-Jul-2025
Lahore, July 11, 2025, 03:21 PM PKT — The Lahore Chamber of Commerce and Industry (LCCI) has declared a nationwide strike on July 19, 2025, to condemn Section 37AA of the Income Tax Ordinance, punit...
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LCCI Calls Strike on July 19 Over Tax Issues

Sugar Prices Soar to Rs190/kg Due to Policy Flaws

10-Jul-2025
Islamabad, July 10, 2025, 05:15 PM PKT — The government’s erratic sugar export and import policies have triggered a domestic price surge to Rs190 per kilogram, fueled by low export prices followed...
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Sugar Prices Soar to Rs190/kg Due to Policy Flaws

APTMA Raises Alarm on Energy Costs, US Tariffs

10-Jul-2025
Islamabad, July 10, 2025, 04:58 PM PKT — Representatives of the All Pakistan Textile Mills Association (APTMA) and the Pakistan Carpet Manufacturers and Exporters Association have sounded a stark wa...
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APTMA Raises Alarm on Energy Costs, US Tariffs

ADB Report Slams Pakistan’s 10% Tax-to-GDP Ratio

09-Jul-2025
Islamabad, July 09, 2025, 04:31 PM PKT — A stinging new report by the Asian Development Bank (ADB), titled “Taxing Informal and Hard-to-Tax Sectors: A Policy Guide”, exposes Pakistan’s persist...
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ADB Report Slams Pakistan’s 10% Tax-to-GDP Ratio
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