Islamabad, January 2, 2026 – The Competition Commission of Pakistan (CCP) has imposed a Rs150 million penalty on Mezan Beverages (Private) Limited, maker of Storm energy drink, for engaging in deceptive marketing practices, the commission announced on Friday.
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Pakistan Petroleum discovers major gas reserves in Khyber Pakhtunkhwa
Karachi, January 2, 2026 – Pakistan Petroleum Limited (PPL) has announced a significant gas discovery in Khyber Pakhtunkhwa, strengthening the country’s efforts to enhance energy security through indigenous resources.
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Tax Scrutiny Could Hurt Exports, Jeopardies ‘Uraan Pakistan’ Vision: Khurram Ejaz
Karachi, January 2, 2026 – Businessmen Panel Progressive (BMPP) Secretary General and former Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Khurram Ejaz, has raised serious concerns over the Federal Board of Revenue’s (FBR) move to scrutinize export income, warning that it could discourage exporters and hurt Pakistan’s economic goals.
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Cold and Dry Weather Likely Across Pakistan This Weekend
Islamabad, January 2, 2026 – The Pakistan Meteorological Department (PMD) has forecast cold and dry weather conditions across most parts of the country over the weekend, particularly on Saturday, January 3.
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Today’s Open Market Currency Exchange Rates in Pakistan – January 2, 2026
Karachi, January 2, 2026 – Currency exchange companies across Pakistan have released the latest open market currency exchange rates for Friday to facilitate individuals and businesses dealing in foreign currencies.
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FBR chairman outlines strategy to meet 2025-26 tax targets
Islamabad — Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial on Thursday (January 1, 2026) held a high-level meeting with Chief Commissioners Inland Revenue and Chief Collectors of Customs to finalize strategies for achieving the tax collection target for the second half of the 2025-26 fiscal year (January–June).
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Must-Know Punishable Offences for Failure to Comply with Tax Laws in 2026
Why Compliance with Tax Laws is Crucial
In Pakistan, tax laws are flexible but mandatory in certain areas. Failure to comply with statutory obligations can lead to punishable offences, including fines and imprisonment.
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How to Get Active Taxpayer Status After Filing Late Return
Why Active Taxpayer Status Matters
In Pakistan, active taxpayer status is a key component of tax law. Being on the Active Taxpayers’ List (ATL) ensures:
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What Happens if You Don’t File Your Tax Return in 2026?
For tax year 2026, the Income Tax Ordinance, 2001 (updated) prescribes strict penalties for failure to file a return of income.
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Bangladesh reports foreign exchange reserves at $28.52 billion in December 2025
Dhaka, January 2, 2026 – Bangladesh’s foreign exchange reserves reached 28.52 billion U.S. dollars by the end of December 2025, according to the latest data released by Bangladesh Bank (BB) on Thursday.
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