The National Assembly of Pakistan has passed the Income Tax Ordinance (Third Amendment) Bill, 2026 on Thursday, introducing significant reforms to the Alternative Dispute Resolution (ADR) mechanism under the Income Tax Ordinance, 2001, with the primary aim of enhancing Read More...
The Directorate General of Trade Organizations (DGTO), under the administrative control of the Ministry of Commerce, has issued a formal public notice warning against the unlawful adoption of protected titles such as “Federation,” “Chamber,” and “Association” by unregistered Read More...
The federal government successfully raised Rs725.7 billion through its latest treasury bills (T-bills) auction conducted on Wednesday, with cut-off yields declining by up to 31 basis points across various tenors, resulting in most maturities falling below the 10% threshold for the first time in Read More...
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The Senate Standing Committee on Economic Affairs has voiced grave concerns over a major episode of alleged under-invoicing, tax evasion, and trade-based money laundering involving imports of solar home system kits under the Sindh Solar Energy Project (SSEP), as detailed in a report presented by Read More...
The Punjab Revenue Authority (PRA) has generated Rs149.5 billion in tax revenue during the first half of FY2025-26 (July–December 2025), reflecting a substantial 33% year-on-year increase over the corresponding period of the previous fiscal year, as detailed in a comprehensive briefing Read More...
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Saudi and Kuwaiti investors holding a 30.7% indirect stake in K-Electric have initiated international arbitration proceedings against the Islamic Republic of Pakistan, seeking damages of up to US$2 billion. The claim, filed on January 16, 2026, is being pursued through Steptoe International (UK) Read More...
The Competition Appellate Tribunal (CAT) has dismissed ten long-pending appeals filed by the Pakistan Banks Association (PBA) and several major commercial banks, thereby upholding in full the Competition Commission of Pakistan’s (CCP) imposition of penalties totalling PKR 205 million in the Read More...
The National Accountability Bureau (NAB) on Tuesday disbursed Rs341 million in recovered funds to victims of the long-standing Bankers City Housing Scheme fraud, bringing the total recoveries in the two-decade-old case to over Rs1.209 billion.
The distribution ceremony, held simultaneously Read More...
Auto financing in Pakistan recorded its 13th consecutive month of growth, with outstanding auto loans reaching Rs319 billion by end-December 2025, marginally up from Rs318 billion in November, according to data released by the State Bank of Pakistan (SBP).
While the December increase was Read More...
The National Assembly has passed the Elections (Amendment) Bill, 2026 on Wednesday, introducing provisions that permit lawmakers to seek temporary exemptions from the mandatory public disclosure of their statements of assets and liabilities on grounds of personal or family Read More...
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