OICCI PRESS STATEMENT
The Overseas Investors Chamber of Commerce and Industry (OICCI) has expressed disappointment over the government’s limited progress in addressing inequitable corporate tax rate in the recent budget. While the marginal…
Press Release of Workers’ Remittances in May, 2025
• Workers’ remittances recorded an inflow of US$ 3.7 billion during May 2025. • In terms of growth, remittances increased by 16.0 percent and 13.7 percent on m/m and y/y…
SHC vacations from June 02 to August 02
KARACHI: The High Court of Sindh has announced summer vacations commencing from June 02 to August 02, 2025. However three division benches and four single benches will work during Summer…
Pakistan Tightens Tax Evasion Laws in 2025-26 Budget
ISLAMABAD: The Pakistan government has introduced stringent measures in its 2025-26 budget to combat tax evasion and the fraudulent use of National Tax Numbers (NTNs), officials announced Tuesday. The Federal…
Tax bill allows authorities to block bank accounts, halt property sales for unregistered entities
KARACHI: The Finance Bill has proposed granting tax officers extraordinary powers to enforce registration compliance, including freezing bank accounts and restricting property transfers for non-registered entities. Under the proposed measures,…
Finance Bill Proposes Mandatory E-Bilty System and Cargo Tracking
ISLAMABAD: Pakistan’s Finance Bill has introduced a new Cargo Tracking System and an electronic bilty (e-bilty) mechanism to monitor the movement of goods across the country. Under the proposed law,…
Finance Bill Proposes AI-Driven Overhaul of Customs Assessment
ISLAMABAD: A proposed amendment to the Customs Act of 1969, introduced in the Finance Bill, aims to modernize the country’s customs assessment and examination framework by incorporating centralized units and…
Pakistan’s Finance Bill Proposes Overhaul of Customs Directorate Structure
KARACHI: The latest Finance Bill has introduced significant structural changes to Pakistan’s customs administration, including the establishment of new directorates and the reallocation of key responsibilities. Among the major reforms,…
Pakistan Proposes Amendments to Tax Policies Across Multiple Sectors
The federal government has introduced a series of proposed amendments to Pakistan’s tax regulations, aiming to enhance revenue collection while promoting economic flexibility in key industries. The measures—ranging from tax…
Government Reduces Property Transaction Taxes to Boost Real Estate Market
ISLAMABAD: In a major policy shift aimed at stimulating the real estate sector, the government has announced significant reductions in withholding tax rates for property purchases while abolishing federal excise…
Pakistan Overhauls Tariff System to Boost Trade, Economy Reforms Include Abolishing Additional Duties, Capping Rates at 15%
KARACHI: Finance Minister Muhammad Aurangzeb announced sweeping tariff reforms Tuesday as part of the newly proposed National Tariff Policy 2025-30, aimed at simplifying customs structures and boosting key economic sectors.…
Government Proposes Significant Relief in Super Tax for Businesses Earning Up to Rs. 500 Million
In a move aimed at providing substantial tax relief to businesses, the government has proposed significant changes to the Super Tax rates under Division IIB, Part-I of the First Schedule.…
Government proposes tax cuts for salaried workers in the budget
KARACHI: Pakistan government is likely to propose changes to income tax slabs aimed at providing relief to salaried individuals. The revisions, outlined under Division-I, Part-I of the First Schedule, would…
Trade Community Faces Delays and Security Concerns at Karachi International Container Terminal
KARACHI: The Karachi Customs Agents Association (KCAA) has raised alarm over persistent operational delays at Karachi International Container Terminal (KICT), warning of severe disruptions to trade and financial losses for…