The Islamabad High Court has clarified that gains arising from the disposal of immovable property are chargeable to tax exclusively under Section 37(1A) of the Income Tax Ordinance, 2001, affirming that this specific provision overrides general provisions relating to business income.

The Competition Commission of Pakistan has successfully recovered a cumulative penalty of Rs40 million from United Distributors Pakistan Limited and International Brands (Private) Limited in relation to an anti-competitive arrangement.

Lahore Electric Supply Company has failed to achieve key performance benchmarks established by National Electric Power Regulatory Authority, despite reporting measurable improvements in loss reduction and recovery performance, as reflected in regulatory disclosures.

K-Electric Limited has formally appointed Syed Taha as its Chief Executive Officer, replacing interim CEO Adeeb Ahmad, with effect from April 15, 2026, as disclosed in a notification submitted to the Pakistan Stock Exchange.

Muhammad Aurangzeb has stated that the federal government has absorbed approximately Rs69 billion to stabilise petroleum product prices and extend relief to consumers amid prevailing economic pressures.

The Federal Board of Revenue has extended the applicability of tax exemptions and concessional duty rates on sugar imports undertaken by the Trading Corporation of Pakistan until February 28, 2026, in accordance with recently issued notifications.