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Tax Officials Seal Electronics Store Over Point-of-Sale Violation
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While conducting a continuous operation aimed at enforcing Point-of-Sale (PoS) compliance, the Regional Tax Office-1 sealed an electronic goods shop located on Abdullah Haroon Road in Karachi on Thursday. According to officials, this decision came after discovering that the sales receipts generated by the establishment had not been synchronized with FBR’s PoS billing framework.…
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Govt Unlikely to Meet Petroleum Levy Collection Target of $128.1B in International Edition
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It is unlikely that the federal government will achieve the Petroleum Levy collection target of Rs1281 billion set for the ongoing fiscal year, despite a steep increase of 30 percent in Petroleum Levy on petrol and high speed diesel during the past less than two months. During the initial nine-month period (from July to…
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SECP Enrolls Nearly 3,000 Firms in April: International Edition (English)
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As reported by SECP, corporate growth hastens with an addition of 2,956 new firms to the corporate sector in April 2025. This brings the nationwide tally of registered entities up to 252,321, indicating rising faith in Pakistan’s business environment. Approximately 99.9% of new company registrations are currently handled through digital processes, indicating further progress…
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Finance Division Allocates ₹921B IBC for Upcoming Development Program: International Edition
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The Finance Division has set an indicative budget ceiling (IBC) of Rs921 billion for the upcoming fiscal year’s federal development program, stated Federal Minister for Planning Ahsan Iqbal. He also disclosed that the federal budget for FY2025-26 will be unveiled on June 2, 2025. “We have requested an Investment Budget Commitment (IBC) of Rs2.9…
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FCCI Head Urges Meeting with Commerce Minister
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The President of the Faisalabad Chamber of Commerce and Industry (FCCI), Rehan Naseem Bharara, met with Federal Minister for Commerce Jam Kamal Khan on Thursday to address critical challenges facing businesses and identify opportunities for improving trade processes. During their discussion, Bharara emphasized the necessity of extensive changes within the Federal Board of Revenue…
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Haroon Akhtar: Leading the Charge on Karachi’s Industrial Renaissance
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An important virtual gathering occurred between Haroon Akhtar Khan, who serves as the Special Assistant to the Prime Minister, and representatives from the Karachi Chamber of Commerce and Industry (KCCI). The purpose of the meeting was to tackle various critical concerns related to Karachi’s industrial sector, such as electricity availability, water distribution, increasing gas…
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