The Prime Minister of Pakistan, Shehbaz Sharif, has declined to approve a proposed oil pricing mechanism following significant concerns raised by industry stakeholders regarding potential supply disruptions and associated financial risks.

The Federal Board of Revenue has introduced relief for builders and developers by permitting exemption from withholding tax on property transactions for entities operating under the special tax regime prescribed in Income Tax Ordinance 2001.

The State Bank of Pakistan has formally revoked the foreign exchange licence of Sahara Exchange Company (Private) Limited, with effect from the cessation of its operations, thereby prohibiting the entity from conducting any form of foreign exchange business.

The Federal Board of Revenue has introduced regulatory flexibility allowing sales tax-registered persons to engage one or more licensed integrators for the purpose of linking their electronic invoicing systems with the Board’s centralised digital platform.

The Competition Commission of Pakistan has effectively enforced its ruling against two major food sector entities for engaging in deceptive marketing practices, resulting in the recovery of Rs35 million in penalties following an extended legal process.

The Government of Pakistan has proposed obtaining a $200 million financing facility from the Asian Development Bank to support structural reforms focused on modernising tax and customs administration through enhanced digital infrastructure and data integration systems.

The Directorate General of Customs Valuation has issued a revised valuation ruling for imported aerated beverages and soft drinks, replacing the previously applicable framework that had remained in force since 2016.