FBR to Recover Rs100 Billion in Super Tax Late Payment Surcharges After Court Ruling
Pakistan informs IMF of plans to recover over Rs100 billion in surcharges from firms that delayed super tax payments through legal challenges.
NCCPL to Collect Capital Gains Tax on October 30 for September Transactions
The National Clearing Company of Pakistan Limited will collect Capital Gains Tax on October 30 for September transactions, including PSX share disposals and mutual fund redemptions. Clearing members and AMCs have been instructed to ensure full compliance with NCCPL regulations.
Foreign Investors Repatriate $752 Million from Pakistan in Q1FY26 Amid Rising Corporate Earnings
Foreign investors repatriated $752 million in Q1FY26, marking an 86% year-on-year increase. The surge, led by higher FDI-linked profits, reflects strong earnings among foreign firms and improved foreign exchange stability, highlighting both business confidence and economic pressures.
Soneri Bank Profit Falls 31% to Rs3bn in 9MFY25 Despite Higher Total Income
Soneri Bank Limited reports a 31% decline in profit after tax to Rs3.30 billion in 9MFY25 despite a rise in total income. Higher operating costs and taxation impacted profitability, even as gains on securities and non-mark-up income provided some support.
Revenue Challenges in Pakistan Highlight Capacity Gaps Beyond NFC Allocations
Pakistan’s growing debt and revenue challenges are rooted in limited provincial tax generation, public sector inefficiencies, and underutilized resources, rather than the current NFC award formula.
Pakistan Stock Exchange Crosses 133,000 Points Mark Amid Optimism Over Budget and Economic Indicators
The Pakistan Stock Exchange surged beyond 133,000 points in intraday trade, fueled by a supportive tax environment for equities, easing inflation, and improving investor sentiment.