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PAC Blacklists 8 NGOs for Audit Failures

16-Jul-2025
Karachi, July 16, 2025, 02:41 PM PKT — The Public Accounts Committee (PAC) of the Sindh Assembly has delivered a harsh verdict, ordering the blacklisting of eight non-governmental organizations (NGO...
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PAC Blacklists 8 NGOs for Audit Failures

Bank Adavance-to-Deposit Ratio Falls to 38.1% in June 2025

15-Jul-2025
Karachi, July 15, 2025, 04:57 PM PKT — Pakistan’s banking sector has doubled down on caution, with the gross Advance-to-Deposit Ratio (ADR) plunging to 38.1% in June 2025, down from 39.8% in May a...
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Bank Adavance-to-Deposit Ratio Falls to 38.1% in June 2025

FBR Powers Focus on Sales Tax Fraud Only

15-Jul-2025
Karachi, July 15, 2025, 05:07 PM PKT — Finance Minister Muhammad Aurangzeb on Monday delivered a forceful defense, asserting that the Federal Board of Revenue (FBR)’s expanded enforcement powers, ...
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FBR Powers Focus on Sales Tax Fraud Only

IMF Criticizes Pakistan’s Sugar Tax Waiver Move

15-Jul-2025
Islamabad, July 15, 2025, 04:44 PM PKT — The International Monetary Fund (IMF) has voiced sharp concerns over Pakistan’s decision to waive taxes on importing 500,000 metric tonnes of sugar, labeli...
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IMF Criticizes Pakistan’s Sugar Tax Waiver Move

SC Rules Against Instant Tax Recovery Demands

15-Jul-2025
Islamabad, July 15, 2025, 04:23 PM PKT — The Supreme Court has delivered a landmark ruling, declaring that Section 140 of the Tax Ordinance, 2001, does not allow immediate coercive recovery without ...
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SC Rules Against Instant Tax Recovery Demands

FBR to Suspend Non-Compliant Terminal Operators

14-Jul-2025
Islamabad, July 14, 2025, 07:38 PM PKT — The Federal Board of Revenue (FBR) has issued a stern warning, announcing the suspension or cancellation of terminal operators’ registration at sea ports, ...
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FBR to Suspend Non-Compliant Terminal Operators
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