Karachi, December 3, 2025 – The Pakistan Stock Exchange (PSX) has issued a formal directive to K-Electric Limited, the leading power utility in the country, instructing the company to transmit its annual financial statements and hold Annual General Meetings (AGMs) for the years ended June 30, 2024, and June 30, 2025.
(more…)Author: Shahnawaz Akhter
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FBR Outsources Media and Public Relations Affairs
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has launched a process to outsource its media management and public relations functions as part of its ongoing efforts to strengthen communication and public engagement. The initiative aims to enhance the agency’s visibility and highlight key reforms under the FBR Transformation Plan.
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President Appoints Zafar Hijazi as New Federal Tax Ombudsman
Islamabad, December 3, 2025 – President Asif Ali Zardari has appointed Zafarul Haq Hijazi as the new Federal Tax Ombudsman (FTO) for a four-year term, bringing an experienced financial regulator back into a key national oversight role.
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FBR Appoints Zubair Bilal as New Member Inland Revenue Operations
Islamabad, December 3, 2025 – The Federal Board of Revenue (FBR) has announced a major administrative reshuffle, appointing senior Inland Revenue Service (IRS) officer Zubair Bilal (BS-21) as Member Inland Revenue (IR) Operations with immediate effect.
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SBP stops collection of export development surcharge with immediate effect
Karachi, December 2, 2025 – The State Bank of Pakistan (SBP) has officially halted the collection of the Export Development Surcharge (EDS), providing significant relief to the export sector.
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REAP flags deepening rice export crisis during visit to KCCI
Karachi, December 2, 2025 – The Rice Exporters Association of Pakistan (REAP) has raised serious concerns over shrinking rice exports and mounting industry challenges during a meeting with the Karachi Chamber of Commerce and Industry (KCCI).
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PCDMA criticizes K-Electric over extended power outages in Jodia Bazar
Karachi, December 2, 2025 – The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly condemned K-Electric for prolonged and repeated power outages in Jodia Bazar, Karachi’s largest wholesale market and a crucial hub of the country’s commercial activities.
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FBR notifies fresh customs values for polyester yarn imports
Islamabad, December 2, 2025 – The Federal Board of Revenue (FBR) has issued fresh customs values for polyester partially oriented yarn to determine duty and taxes at the import stage. The move comes under Valuation Ruling No. 2026/2025, issued by the Directorate General of Customs Valuations, a wing of the FBR.
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Pakistan’s trade deficit widens 37% as exports fall in 5MFY26
Islamabad, December 2, 2025 – Pakistan’s trade deficit surged by 37% during the first five months of the fiscal year 2025-26 (July–November) amid a decline in exports and a sharp rise in imports.
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What Is the Meaning of “Person” Under the Income Tax Ordinance, 2001?
Understanding who is considered a “person” under Pakistan’s Income Tax Ordinance, 2001 is crucial for taxpayers, businesses, and legal entities. Section 80 of the Ordinance provides a detailed definition, covering everyone from individuals to companies and even governments. Below is an interactive breakdown to help you easily identify where you or your organization fit.
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