Pakistan Revenue
Pakistani currency strengthens 1.25% year-on-year as remittances and policy support offset external sector challenges. The Pakistani rupee recorded a 1.25% year-on-year gain against the US dollar in May 2026 despite continued external sector pressures and global economic uncertainty.
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Lionel Messi leads reigning champions Argentina as Lionel Scaloni names experienced 26-man squad for FIFA World Cup 2026. Lionel Messi was named in Argentina national football team’s 26-man squad for the 2026 FIFA World Cup on Thursday as the defending champions prepare to begin their title defense next month.
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World number one Jannik Sinner blows two-set lead as Juan Manuel Cerundolo stages stunning comeback at Roland Garros. Jannik Sinner suffered a shock second-round exit at the French Open on Thursday after surrendering a two-set lead in a dramatic five-set defeat to Argentina’s Juan Manuel Cerundolo.
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Newly notified area at South Asia Pakistan Terminal to be used for storage and handling of empty containers. The Federal Board of Revenue (FBR) has declared an additional reclaimed area adjoining the South Asia Pakistan Terminal (SAPT) as a customs area for the storage and handling of empty containers.
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JS Bank raises combined holding in TRG Pakistan to over 29% after acquiring additional shares through enforcement of security. JS Bank Limited has increased its shareholding in TRG Pakistan Limited to more than 29% after acquiring nearly 15% additional shares at Rs62.92 per share, according to information disclosed to the Pakistan Stock Exchange on Friday.
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Bitcoin posts modest recovery after recent declines but remains under pressure amid continued crypto market volatility. Bitcoin recorded a slight recovery against the U.S. dollar on Friday after posting consecutive declines in previous trading sessions.
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Stock exchange proposes lower corporate taxes, restored incentives and removal of withholding taxes to boost listings and market growth. The Pakistan Stock Exchange (PSX) has proposed a series of tax relief measures and investor-friendly reforms in the federal budget 2026-27 (FY27) aimed at strengthening capital markets, encouraging new listings and improving overall investment activity.
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Chartered accountants’ body calls for clearer rules and alignment of advance tax mechanism for builders and developers. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed amendments relating to taxation of builders and developers under Section 7F of the Income Tax Ordinance, 2001, in its budget proposals for 2026-27.
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Chartered accountants’ body seeks mandatory 48-hour notice and transparent audit selection to protect taxpayer rights. The Institute of Chartered Accountants of Pakistan (ICAP) has proposed that tax authorities should be required to issue prior notice before entering taxpayers’ business premises for audit and monitoring purposes.
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Chartered accountants’ body proposes raising daily cash withdrawal limit to Rs75,000 for non-filers amid inflation and higher business cash-flow needs. The Institute of Chartered Accountants of Pakistan has proposed increasing the daily cash withdrawal threshold for withholding tax collection in the federal budget for fiscal year 2026-27.
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