Bullion falls sharply from record highs as international gold prices slide below $4,000 per ounce
(more…)Author: Hamza Shahnawaz
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PPL Secures Approval for Adhi Field Production Lease
Regulatory approval allows continued hydrocarbon production from key oil and gas field in Punjab
KARACHI: Pakistan Petroleum Limited (PPL) has secured regulatory approval for a Development and Production Lease over the Adhi Field in Punjab, ensuring the continuation of hydrocarbon production from one of Pakistan’s major oil and gas assets.
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Pakistan Customs Revises Import Values for Perfumes and Colognes
New valuation ruling updates duty assessment rates for imported fragrances and replaces 2024 customs values.
Pakistan Customs has revised the customs values of imported perfumes, eau de toilette, and eau de cologne for the assessment of import duties and taxes by issuing a new valuation ruling.
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Islamabad High Court Approves Telenor Pakistan Merger with PTML
Court-approved amalgamation paves the way for telecom sector consolidation under PTCL Group
ISLAMABAD: The Islamabad High Court (IHC) has approved the proposed amalgamation of Telenor Pakistan (Private) Limited (TP) into Pak Telecom Mobile Limited (PTML), marking a significant step in the consolidation of Pakistan’s telecommunications sector.
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Supernet Wins PKR 1 Billion Contract to Upgrade Communications Infrastructure
Technology firm expects major contract to strengthen earnings and support Pakistan’s digital transformation efforts
KARACHI: Supernet Technologies Limited has been awarded a contract worth approximately PKR 1 billion for the provision of hardware and services to a leading organisation in Pakistan, reinforcing the company’s position in the country’s technology and communications sector.
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FBR waives late return surcharge for individuals filing special undertaking
Taxpayers can avoid surcharge by pledging not to acquire any property for six months
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Finance Act 2026 cracks down on fake tax credit claims with 100% penalty
Taxpayers claiming unverifiable excess withholding tax credits will now pay a penalty equal to the overstated amount
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SBP to share high-risk banking data with FBR
Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
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Finance Act, 2026 empowers FBR with direct access to high-value bank account data
Banks and electronic money institutions must report transactions exceeding Rs100 million every six months under new digital compliance regime
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FBR notifies new additional customs duty rates for FY2026-27 imports
SRO 1063(I)/2026 introduces revised additional customs duty structure effective from July 1, 2026
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