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DNVC 18.7.26= 3.2.48

18 July 2026

Author: Mr Asif S Kasbati (FCA, FCMA & LLB).

From: Kasbati & Co <kasbati.co@professional-excellence.com>
Date: Sat, Jul 18, 2026 at 10:59 AM
Subject: DNVC 18.7.26= 3.2.48
 

Dear Learned Recipient

 

590+ Taxes & Levies (including FED, GIDC, Budgets, IMF, ORS/BS 19+ FST cum Customs Duty but excluding those which are exclusively about Customs Duty)

1.             FBR’s National Faceless Centre: Aurangzeb reviews implementation roadmap-BR

2.             Updated ST Act, Federal Excise Act issued-BR

3.             FBR mandates tax stamps on excisable goods under updated Federal Excise Act-PK

4.             FBR clarifies sales tax rules for footwear sold through POS retailers-PK

5.             FBR slaps up to 92% FED on imported vehicles in Pakistan for FY2026-27-PK

6.             FBR empowered to seize unpaid duty cigarettes and beverages-PK

7.             Retail price tax regime: FBR exempts select POS-compliant retailers-BR

8.             Bawany Sugar Mills: SC upholds FBR’s input tax adjustment rejection decision-BR

9.             SC upholds FBR's stance in tax case-ET

10.          FBR announces major transfers, postings of IRS officers in BS-19 to BS-22-PK

11.          Change in tax offices nomenclature: FBR transfers 52 IRS officers in major shuffle-BR

12.          Pakistan's real development problem isn't the budget; it’s the mandate-BR

13.          SC rules against input tax relief on construction materials-TNS

14.          Aurangzeb reviews rollout plan for FBR’s National Faceless Centre-TN

15.          Panel to review tax tribunal performance-DD

16.          PRA intensifies province-wide business registration, IMS-APP

17.          Governor Kundi joins CM’s jirga, backs KP govt stance against erstwhile FATA, PATA taxes-APP

18.          Govt waives penalties, surcharge on PIA’s Rs4.29 billion income tax liabilities to facilitate privatisation-PPT

19.          Endangered Indus Dolphins: WWF commends Maryam for landmark initiative-BR

 

Economy & Inflation matters (including Import, Export & CPEC)

1.             PM says Pakistan overcame economic crisis through urgent reforms-BR

2.             Pakistan pushes defence, economic interests in US: report-TNS

3.             PM Shehbaz warns escalating US-Iran tensions could hit country’s economy-TN

4.             Pakistan, China to enhance cooperation on immigration and border management-DD

5.             Finance minister to visit Washington for trade, tariff talks with US-DD

6.             Kazakh President calls for AI development to promote peace and sustainable growth-APP

7.             PM directs early rollout of ease of doing business law-BR

8.             Toyota Pakistan confirms no price increase for CKD vehicles except one model-PK

9.             Pakistan, China sign $440m pharmaceutical agreements-TN

10.          Pakistan posts $649 million current account deficit in June, closes FY26 with $139 million shortfall-PPT

11.          China our most trusted, time-tested friend: Shehbaz-TNS

12.          PM hails US$ 440 mln Pakistan-China Pharma deals, says partnership to advance CPEC 2.0-TN

13.          Pakistan, China reaffirm resolve to cooperate at multilateral fora-BR

14.          Border management, immigration: Pakistan, China agree to enhance cooperation-BR

15.          PM assures Chinese investors of security-ET

16.          Pakistan, China agree to deepen immigration, border security cooperation-APP

17.          Finance minister pushes reforms to deepen Pakistan’s corporate debt market-TN

18.          Sweden backs Pakistan’s global role on antimicrobial resistance, expands agricultural cooperation-TN

19.          Pakistan, China to enhance collaboration in trade, investment, other fields-DTS

20.          Risk of worsening wheat crisis flagged-BR

21.          IT exports hit record USD4.6bn-BR

22.          IT exports hit record $4.6b-ET

23.          IT exports hit record $4.6bn in FY26-TNS

24.          IT exports hit record $4.6bn-DD

25.          GSP-Plus renewal-DD

26.          PBS puts FY26 seafood exports at $482 million, $86 million below ministry's claim-PPT

27.          Iranian business leader for boosting volume of bilateral trade-BR

28.          Iran, US trade fresh strikes as Gulf tensions escalate-DTS

29.          Short-term inflation surges over 13pc-DD

30.          SPI stays elevated at 13.09% YoY-ET

31.          Weekly SPI posts 1.4pc rise-BR

 

36+ Customs Duty (including PSW)

1.             First-ever RoRo shipment: Vessel carrying over 2,000 EVs berths at KGTML terminal-BR

2.             First-ever RoRo vessel delivers over 2,000 electric vehicles to Pakistan-PK

 

 

460 + Company Law

Capital market development termed vital for growth-ET

 

300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)

1.             Reserves down $1.24b on debt repayments-ET

2.             SBP injects Rs 12.93 trillion in market to maintain liquidity-APP

3.             SBP injects Rs 12.93 tr in market to maintain liquidity-DTS

4.             Current account slips into $139m deficit in FY26-DD

5.             Pakistan posts $139 million current account deficit in FY26 as imports outpace exports-PK

6.             Pakistan posts $139m current account deficit despite record remittances in FY26-DTS

7.             Aurangzeb seeks to reduce bank lending reliance-BR

8.             Current account swings to small deficit in FY26-TNS

9.             Pakistan posts $649 million current account deficit in June, closes FY26 with $139 million shortfall-PPT

10.          Pakistan’s circular debt isn’t a financial crisis-BR

11.          Bahrain pulls $30 million from Pakistan bonds as Gulf war weighs on foreign investment-PPT

12.          Pakistan seeks strategic investment ties with Egypt-ET

13.          SCCI hosts 4th excellence award, investment conference 2026 in Tashkent-APP

14.          Govt borrowed $27.2b in FY26-ET

15.          REER increases to 106.4 in June-TNS

16.          Jam for transforming Pakistan-Egypt ties into stronger partnership-BR

17.          Jam Kamal calls for stronger Pak-Egypt trade, investment partnership-TN

18.          Foreign exchange rates in Pakistan for today, July 17, 2026-PPT

19.          The digital divide-BR

20.          FDI drops 34pc to $1.64bn in FY26-TNS

21.          Pakistan secures $16.2bn in foreign financing, misses FY26 target by $3.7bn-TNS

22.          Pakistan FDI falls 94% to $14 million in June 2026-PK

23.          FDI falls by 34pc in FY26-BR

24.          Foreign exchange rates-APP

 

 

Market (Stock, Currency, Gold, Textile, Cotton & PMEX)

1.             PSX up 2,838 points on renewed risk appetite-ET

2.             Profit-taking pushes PSX down by 2,321 points-ET

3.             KSE-100 closes week with end of 2,321 points-TNS

4.             PSX turns bearish, sheds over 2,320 points-DTS

5.             PSX loses 2,321 points on geopolitical fears-DD

 

 

 

6.             Rupee marginally up against dollar-DTS

 

7.             Gold prices down Rs3,600 per tola-TNS

8.             Gold prices decline by Rs3,600 per tola-APP

9.             Gold heads for biggest weekly fall in six weeks as oil surge revives inflation concerns-PPT

 

10.          Gold prices decline by Rs 3,600 per tola-DTS

 

 

11.          ‘Karachi Safe City Project’ crucial for economic stability: PHMA-BR

 

12.          PBF announces new office-bearers for Faisalabad-BR

 

 

POL, Gas, other Minerals & Electricity (including Solar & Water)

1.             Govt to review petroleum prices on daily basis-BR

2.             Oil prices surge over 4pc-BR

3.             Oil prices jump over 2% on geopolitical fears-ET

4.             Traders, industrialists oppose daily fuel price mechanism-BR

5.             Govt announces daily petroleum pricing to enhance transparency-ET

6.             Power consumers may face tariff hike-ET

7.             Govt shifts to daily fuel pricing, jacks up petrol by Rs5.44, diesel by Rs31.05 per litre-TN

8.             PM cracks whip on fuel hoarders amid Gulf conflict fallout-ET

9.             Government raises petrol price by Rs5.44, diesel by Rs31.05 per litre-TN

10.          Govt increases petrol price by Rs5.44, diesel by Rs31.05 per litre for next 3 days-DD

11.          OMAP raises concerns over Ogra’s planned daily fuel pricing-TNS

12.          Petrol price hiked by Rs5.44, diesel surges Rs31.05 under new daily pricing regime-PPT

13.          Petrol pump owners reject daily fuel pricing plan, threaten nationwide strike-PPT

14.          Pakistan approves daily petroleum pricing; OGRA to publish fuel rates every day-PPT

15.          Govt urged to exempt furnace oil from petroleum, carbon levies-TN

16.          Pakistan to review petrol prices daily amid Middle East tensions-PK

17.          Govt raises petrol by Rs5.44, diesel by Rs31.05 per litre-APP

18.          Government massively increases petrol and diesel prices for July 18, 2026-PK

19.          Barrels For Boots: Pakistan and Kuwait discuss expanded defence pact, sources say-PPT

20.          Electric bikes, scooters gain popularity as fuel prices continue to rise-PK

21.          Daily fuel pricing to bring transparency: Atta Tarar-APP

22.          OGRA to announce petroleum prices daily: Ali Pervaiz-APP

 

23.          LPG marketers oppose sealing of licensed plants-BR

24.          LPG marketers warn of supply crisis-ET

25.          PLL seeks seventh spot LNG cargo-TNS

 

26.          Nepra allows Aerem Energy to set up hybrid project at Dhabeji- BR

27.          Power generation drops 2.5pc in June-BR

28.          LESCO launches phased installation of AMI meters-BR

29.          Tarbela spillway operated for first time in flood season-BR

30.          CPPA-G seeks hike of Rs1.2 per unit for June-TNS

31.          Power generation falls 2.3pc in FY26-TNS

32.          Discos seek Rs1.20 tariff hike for August-DD

33.          NDMA warns after Tarbela spillways opened-ET

34.          Tarbela auxiliary spillway operated for first time in flood season 2026-TN

35.          CM tells energy dept to expedite implementation of solar home system project-TNS

36.          Murad for swift distribution of solar home system kits among 275,000 low-income households-DD

 

Weather Updates 

1.             The Weather-BR

2.             PMD forecasts prolong wet spell across large parts of country-BR

3.             PMD warns of heavy rain, flash floods and landslides across Pakistan from July 18-25-ET

 

320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)

1.             HEC directs varsities to revamp curricula by adding A.I & emerging technologies to meet future need-APP

2.             Healthcare body finds unsafe needle disposal at Valika Hospital-DD

3.             Sindh’s lady health workers warn of protest over drastic cut in budget-DD

4.             CSS applicants nearly halve in four years-TNS

 

Other Pakistan

1.             PM urges URAAN Program participants to contribute to Pakistan’s development, prosperity-APP

2.             Pakistan and Kuwait ‘mulling defence pact’-DD

3.             Foreign-funded projects: Senate panel seeks tighter scrutiny-BR

4.             Senate panel seeks probe into sanitary workers’ death, child labour issues-DD

5.             Bilawal seeks greater powers for AJK-ET

6.             JI vows to continue campaign for Karachi's civic rights, development-BR

7.             Iran says 38 killed, over 400 injured in US strikes-DTS

8.             SCO border services chiefs deliberate on security challenges-BR

9.             US CG Peshawar closed-BR

10.          Outgoing CGs of Malaysia, Iraq: Governor attends farewell ceremony-BR

11.          TIP asks PM to halt Rs20bn PAA e-Gate contract over alleged PPRA violations

12.          CM launches portal for ‘Apni Chhat, Mehfooz Chhat’ project- BR

13.          Punjab introducing historic, transformative reforms: Azma-BR

14.          Smuggling of human placentas case: Court rejects post-arrest bail pleas of four suspects-BR

15.          Govt committed to ensuring citizens’ easy access to justice: Lanjar-BR

16.          CM launches ‘Saanjhi Sabzi’ project to provide free seasonal vegetables-BR

17.          Bannu operation: NA Speaker pays tribute to security forces-BR

18.          President, PM pay tribute to security forces for killing 24 terrorists in Bannu-APP

19.          Pakistan, Saudi Arabia enjoy strong brotherly ties built on faith, mutual trust: Syedaal-TN

20.          Martyred cops’ families agree to end Quetta sit-in-DD

21.          Guard killed in attack on ex-AJK PM Tanveer Ilyas: DIG-TNS

22.          Use of data to help improve power sector’s performance: Leghari-BR

23.          Iran warns of 'full-scale offensive' if US strikes continue-BR

24.          Lanjar calls for joint action to strengthen human rights and legal aid-TNS

25.          Talks between CM Bugti, sit-in body successful-TNS

26.          Bilawal calls July 27 AJK polls ‘most crucial’, urges dialogue to resolve Kashmir crisis-APP

27.          Bilawal proposes abolishing Kashmir Affairs ministry-DD

28.          Sindh information secy reviews plans to modernise media monitoring-TNS

29.          Mayor Karachi inaugurates new Emergency Operational Base SIEHS-1122-APP

30.          Guard killed as ex-AJK PM Ilyas comes under gun attack-DTS

31.          CS orders strict monitoring of fuel supply chain-TNS

32.          Senate panel flags irregularities in KP’s foreign-funded road projects-TN

33.          Pakistan forms working group to boost medical tourism-TNS

34.          Moin assumes charge as DG ISSI-BR

35.          SC reserves verdict on FCC’s bail jurisdiction in NAB appeals-DD

36.          Govt steps up drive to expel undocumented Afghans in KP-TNS

37.          https://www.nation.com.pk/18-Jul-2026/prospects-successful-govt-pti-talks-remain-bleak-TN

38.          Mixed traffic lanes of University Road to be opened soon for traffic: Sharjeel-TNS

39.          FCC sets aside SHC ruling, restores Karachi University appointments-DD

40.          ATC initiates proclamation proceedings against KP CM Afridi, others-DTS

41.          Rawal Lake park loses half of tree cover in 2 decades-DD

42.          Security forces kill 24 militants in Bannu operations: ISPR-DTS

43.          Five suspected terrorists killed in Bannu CTD operation-DTS

44.          Karachi Mayor says Sindh govt's work not promoted effectively-TNS

45.          Afghanistan’s lost peace-DD

46.          Masherbrum ascent ends in tragedy for Czech climber-DD

47.          Eternal quest for privileges-DD

 

Other international

1.             US launches 7th night of strikes as Iran attacks military sites-BR

2.             Iran warns US nearing 'zero hour' for operation against CENTCOM naval units-ET

3.             Truth Social to sell trading firms 'fastest' access to Trump's posts-DD

4.             Canadian wildfire smoke blankets US with hazardous air-DTS

5.             Trump revives China election interference claims-DTS

 

The below news items are extracted after sending yesterday email:

 

(A) Six Newspapers Websites [Business Recorder (BR), Daily Dawn (DD), The News (TNS)

 

(B) The above areas are covered by average 5  specialized team members, covering about 16 hours per day at different timing slots, under the Leadership of Mr Asif S Kasbati (FCA, FCMA & LLB).

 

If your Goodself gets this email without Links, please contact us immediately.

 

Best regards

Kasbati & Co Team


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