In a notable regulatory development, the National Electric Power Regulatory Authority (NEPRA) has revised the framework governing solar installations by eliminating the previously available exemption for small-scale systems and introducing a mandatory licensing/concurrence requirement applicable Read More...
Bank Alfalah Limited has obtained in-principle regulatory clearance from the State Bank of Pakistan (SBP) to raise capital of up to PKR 20 billion through the issuance of Tier-II capital instruments, as disclosed in its filing with the Pakistan Stock Exchange (PSX) on Thursday.
The Read More...
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The Punjab Assembly has enacted an amendment introducing a revised penalty regime for traffic violations, significantly reducing fines across multiple vehicle categories. The measure is positioned as a relief-oriented reform aimed at lowering the financial burden on motorists while retaining Read More...
The initial public offering (IPO) of Wahdat Poultry Farm Limited has witnessed substantial investor participation, with the book-building phase oversubscribed approximately five times during the bidding process at the Pakistan Stock Exchange (PSX).
The final strike price was determined at Read More...
Pakistan Telecommunication Company Limited (PTCL) has reported a return to profitability after a period exceeding four years, alongside plans to initiate 5G services in the near term, as reflected in its financial results for the first quarter of calendar year 2026.
For the period spanning Read More...
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The Appellate Tribunal Inland Revenue (ATIR) has issued a significant ruling clarifying the scope and applicability of minimum tax under Section 113 of the Income Tax Ordinance, 2001, holding that such tax cannot be levied in the absence of an underlying normal tax liability. The decision Read More...
Leading value-added textile and apparel exporters have formally proposed that export-related matters be designated as an exclusive federal subject, accompanied by the establishment of a centralized “one-window” authority to administer trade policy. This recommendation was presented during a Read More...
The Government of Pakistan is currently evaluating potential fiscal measures aimed at providing relief to salaried individuals, alongside initiatives to broaden the national tax base by incorporating the retail and wholesale sectors into the formal taxation framework. These considerations were Read More...
The Federal Board of Revenue (FBR) has introduced a strict procedural timeline by mandating Commissioners Inland Revenue to issue withholding tax exemption certificates to eligible builders and developers within a period of seven working days. This directive has been formalized through Circular Read More...
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The Lahore High Court has adjudicated in favour of Sui Northern Gas Pipelines Limited (SNGPL), holding that the Cost Equalisation Adjustment (CEA) constitutes an allowable business deduction. The ruling permits the company to claim a tax deduction amounting to PKR 11.217 billion for the tax year Read More...
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