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 abolishes ‘late filer’ category under Finance Act 2026-PK

2.             FBR removes FED on mineral water and specific hydration drinks for FY2026-27-PK

3.             FBR notifies FED rates for imported electric cars and SUVs in FY2026-27-PK

4.             FBR introduces new sales tax exemptions for FY2026-27-PK

5.             Sales tax likely to be reduced on hybrid vehicles-BR

6.             Tribunal proceedings: LTBA body flags tax matter-BR

7.             Legal experts concerned over remarks of FTO-BR

8.             Updated tax laws omit footnotes on replaced legal provisions-BR

9.             Dividend income constitutes separate block of income, which is solely liable to be taxed under Section 5 of ITO: SC-BR

10.          JAP moves global forums over Registrar FTO authority row-BR

11.          Pakistan cuts corporate tax rate for banks to 42% in FY27-PK

12.          Punjab increases sales tax on consultancy services to 8%-PK

13.          Punjab raises concessionary tax rate to 8% for hotels and restaurants-Pk

14.          Urban property tax system-BR

15.          Reflections on provincial budgets FY27—V-BR

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

1.             Pakistan-China pharma conference ends with $850m agreements-DD

2.             China to train 0.3m Pakistani youths in digital skills annually, says Ahsan Iqbal-DD

3.             Digital skills: China to train 300,000 youth annually: Ahsan-BR

4.             Punjab gives Rs3 billion for train project in Quetta city-DD

5.             Venezuela acknowledges Pakistan’s role in promoting dialogue-BR

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

7.             Private sectors of Pakistan, Iran urged to move beyond ‘conventional trade’-BR

8.             Homeopathic, herbal industries: Inclusion of alternative medicine sector will catalyze growth-BR

9.             ‘Transparent wheat policy vital for food security’-BR

10.          Qaiser holds meeting with Chinese delegation-BR

11.          Confusion in auto sector-BR

12.          Transit trade with Kabul hits historic low-DD

13.          Gwadar becomes key trade gateway-DD

14.          Poverty and inequality-DD

15.          Food exporters’ team leaves for Dubai to boost exports-BR

16.          P@SHA hails record USD4.6bn IT exports-BR

17.          Prices of essential food items remain high-BR

18.          Record $2bn CKD imports expose low localisation-DD

19.          Reflection of political conflicts in trade barriers-BR

20.          Afghanistan-Pakistan transit trade plunges to $367 million from $5 billion before Taliban’s return-PPT

21.          Auto assemblers’ CKD, SKD imports surge 92% to record $2.12 billion in FY26-PPT

22.          Afghanistan-Pakistan transit trade plunges to $367 million from $5 billion before Taliban’s return-PP

23.          Prices of essential kitchen items up after hike in fuel rates-BR

24.          Unmasking stability-DD

25.          Public sensitivity to inflation-BR

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

1.             Pakistan’s external calm is more fragile than it appears-BR

2.             FY26 - A fragile external balance-BR

3.             Finance Minister Aurangzeb arrives in US on 3-day visit, expected to hold talks on trade, finance, investment-DD

4.             FIA secures 17-year jail terms for five in Rs104.75 million IESCO bribery case-TN

5.             Why the SBP removed (most of) the MDR, and what it means for Pakistan’s banking sector-PPT

6.             Government targets Rs627 billion in savings bank deposits for FY2026-27

7.             Several B2B deals signed during 11th Colour & Chem Expo 2026-APP

8.             Pakistan-China business, Conference concludes with $1.4 billion investment agreements-APP

9.             Foreign direct investment in Pakistan falls 34% to $1.64 billion in FY26-PPT

10.          Govt approves National Gemstone Policy to boost exports to $500 million by 2030-PPT

11.          Pakistan, China sign $1.4 billion pharma, vaccine and equipment manufacturing agreements-PPT 

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

1.             Stocks tumble at PSX as escalating tensions take toll on investor sentiments-BR

2.             Dollar firmer as US-Iran conflict intensifies, Brent hits $90-BR

3.             Gold slips as oil prices advance, Fed rate-hike voices grow-BR

4.             Weekly Cotton Review: Production surges 77pc despite textile sector woes-BR

5.             Cotton arrivals at ginning factories have surged by 77.3pc: PCGA-BR

6.             Early cotton arrivals hit record 527,900 bales-DD

7.             Establishment of paper mill in KP demanded-BR

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

1.             OCAC welcomes government's move to shift petroleum pricing to daily basis-BR

2.             Govt defends its daily fuel pricing decision- BR

3.             PSO foils major oil theft-BR

4.             Kuwait says Iran hits power plant, oil facility-BR

5.             Panama bids to regain control of strategic oil pipeline-BR

6.             Brent oil tops $90 as US, Iran intensify attacks in Middle East-BR

7.             Govt weighs activating fuel saving plans-DD

8.             Brent oil tops $90 as US, Iran expand strikes in the Middle East-PPT

9.             Iraq studies new oil pipeline to reduce Hormuz dependence-DTS

10.          Annual oil import bill surged to $16.86b in FY2025-26-TN

11.          KE-Mashreq Pakistan partnership: Customers can receive cashback on electricity bill payment-BR

12.          Iesco in grip of extraordinary load, faults due to humidity-DD

Weather Updates 

1.             The Weather-BR

2.             Pakistan’s average temperature rising faster than global average-BR

3.             Major rivers swell as monsoon gains strength: NDMA-BR

4.             Flash flood kills 4, leaves 4 others missing in Vietnam-BR

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

1.             Workshop-DD

2.             40 drugs not available in market due to pending govt price approvals-BR

3.             16 deals inked as Sino-Pak B2B investment moot concludes-BR

4.             40 registered life-saving medicines remain out of patients’ reach-DD

5.             PFA seals warehouse of superstore-BR

6.             Hayatabad Medical Complex director alleges pressure to quit for ‘objecting to illegal appointments’-DD

7.             Pocket-size AI: Powerful phones star at China-DD

8.             Pakistan sets professor salary at up to Rs712,030 under revised pay package-PK

Other Pakistan

1.             CNIC can’t be blocked in execution proceedings: LHC-BR

2.             KP cabinet panel reviews proposed amendments to urban uplift laws-BR

3.             Iran envoy says US has violated Islamabad MoU- BR

4.             Panel recommends convening CCI meeting in Aug-BR

5.             Federal Government Employees Housing Authority to readjust plot quota in F-14, F-15 over excess allotment to judges-DD

6.             PM Shehbaz urged to release Rs40bn required for completion of Karachi's K-IV water supply project-DD

7.             Dar reiterates commitment to addressing Balochistan challenges-DD

8.             JUI-F, PPP demand holding of LB polls in KP-BR

9.             AJK polls shaping up to be ‘Nawaz vs Bilawal’ contest-DD

10.          ‘Decade of SLACC’ celebrated, annual report launched-BR

11.          Dar discusses Balochistan situation with Dr Malik-BR

12.          Ban on Indian aircraft extended for another month-BR

13.          Pakistani, Kuwaiti FMs discuss situation-BR

14.          AJK polls: Bilawal optimistic about PPP’s prospects-BR

15.          The world is finally listening-BR

16.          Federal capital witnesses rise in crime rate-BR

17.          E-Gate project controversy: PMO may ask PAA to explain procurement transparency-BR

18.          E-Gate project controversy-BR

19.          Beautification projects: Inquiry body formed to probe use of substandard material-BR

20.          BMP slams govt’s decision of daily fuel pricing mechanism-BR

21.          Indian court declines to order activist Wangchuk’s discharge from hospital-BR

22.          Politicising sacrifices of martyrs unacceptable: PA Speaker-BR

23.          Punjab CNF dismantles ice smuggling network; arrest four key members-BR

24.          Tourists get stuck as heavy rain lashes Balakot-BR

25.          Karachi needs dedicated freight corridors: PDP-BR

26.          Accession to Pakistan Day: Pakistan reiterates unwavering support to Kashmiris-BR

27.          Sharjeel says Bilawal ‘dousing fire’ in AJK-BR

28.          Fazl refuses to apologise for controversial remarks-DD

29.          SSUET VC honored with prestigious global award-BR

30.          CEC dismisses postponement rumours: ‘All is set to hold AJK polls on 27th’-BR

31.          South Air begins flights from Sukkur-BR

32.          Lahore, Taxila stations: Railways finalises plans for restoration-BR

33.          KP govt releases Rs80.7bn for uplift projects-BR

34.          Data centre battles marking politics worldwide-BR

35.          Kashmiris always emotionally attached to Pakistan: CM-BR

36.          Chenab flows surge after floods in held Kashmir-DD

37.          AJK observes Accession to Pakistan Day-DD

38.          Security forces counter unprovoked firing by Afghan Taliban targeting Kurram border posts-DD

39.          Search continues for boy swept away in Rawalpindi's Leh Nullah-DD

40.          Three killed in separate incidents across Balochistan-DD

41.          Saving our forests-BR

42.          Polling for AJK govt employees put off over security fears=-DD

43.          The slow abandonment of Karachi-BR

44.          One terrorist killed, 8 others held as joint operation continues in Bannu-DD

45.          Three-front challenge-DD

46.          NP leader slams PPP, PML-N leadership-DD

47.          ‘National Gemstone Policy’ okayed by govt-BR

48.          NYT report on new FBI directive stuns nation-DD

49.          Destination Pakistan-DD

50.          Three-front challenge-DD

51.          Pakistan, Uzbekistan agree to use China corridor for transit trade-PPT

52.          Cops held for fake check post robbery-TN

53.          Iranian interior minister to arrive in Islamabad today-TN

54.          PDMA warns of flooding in Punjab rivers-TN

55.          Pakistan, Venezuela pledge to deepen bilateral coop as Dar speaks with new FM-TN

56.          DPM/FM Dar, FM Venezuela resolve to further strengthen bilateral ties-APP

57.          Sarfraz Bugti reaffirms resolve to foil anti-Pakistan plots-APP

58.          Pakistan’s football TRIONDA shines at UN FIFA youth event-APP

59.          DG ISPR holds special interactive session on national security with students-APP

60.          United Nations commends Pakistan’s ‘Football for Mental Health’ initiative-APP

61.          Pakistani vlogger explores China’s AI breakthroughs as Pakistan becomes WAIC founding member-APP

62.          DPM/FM stresses upholding ceasefire commitments under Islamabad MoU-APP 

63.          Action taken against sale, storage of expired beverages-TN

64.          Food exporters’ delegation leaves for Dubai to boost exports-APP

Other international

1.             UK’s Burnham drops digital ID scheme-BR

2.             Trump says US hitting Iran 'very hard' to honor Americans killed-BR

3.             Trump says US launched major strike on Iran after troop deaths-DTS 

4.             US military launches new airstrikes to ‘punish’ Iran for troop deaths-TN

5.             Iran suspends Islamabad MoU, kills two US troops in attack on Jorda-TN  

6.             Russia launches major ballistic missile attack on Ukrainian cities-TN

7.             Six killed, 21 injured as twin earthquakes hit Peru; rescue operations underway-TNS

8.             Massive drone attacks hit Russia, leaving eight dead and dozens injured-DTS

9.             Iran warns US of severe retaliation after latest strikes-DTS

10.          Andy Burnham all set to become UK's next prime minister: Here's what to know-TNS

11.          Kylian Mbappe makes World Cup history with second golden boots-PK

12.          Torres’ extra-time thunderbolt crowns Spain World Champions, ends Messi’s dream farewell-APP

13.          Gulf escalation-DD

14.          UN watchdog calls for restraint-BR

15.          Canadian FM due today-BR

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