Karachi, January 1, 2026 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in District Kohat, Khyber Pakhtunkhwa (KPK), strengthening Pakistan’s domestic energy resource base.
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Samsung Showcases Brain Health Feature Detecting Early Dementia
Samsung is expected to showcase an innovative Brain Health feature at CES next month, with reports suggesting that the technology will help detect early signs of dementia using data collected from Galaxy smartphones and smartwatches.
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SRB records 21% growth, collects Rs161.43 billion Sindh sales tax in 1HFY26
Karachi, January 1, 2026 – The Sindh Revenue Board (SRB) has achieved a 21 percent increase in the collection of sales tax on services during the first half (July–December) of fiscal year 2025-26, reflecting strong revenue performance and improved tax administration.
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NADRA introduces facial recognition for biometric verification
Islamabad, January 1, 2026 – The National Database and Registration Authority (NADRA) has officially launched a facial recognition-based biometric verification system to assist citizens who face difficulties with fingerprint verification, including the old-age and individuals with medical conditions.
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Bank of Punjab launches Pakistan Skills Impact Bond to boost youth employment
Islamabad, January 1, 2026 – The Bank of Punjab (BOP), in collaboration with the British Asian Trust (BAT) acting as Transaction Advisors and Program Managers (TAPM), has officially launched the Pakistan Skills Impact Bond (PSIB)—a AAA-rated, Government of Pakistan-backed Term Finance Certificate (TFC) valued at Rs 1,000 million.
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FBR faces over Rs300 billion shortfall in revenue collection in 1HFY26
Islamabad, January 1, 2026 – The Federal Board of Revenue (FBR) has reported a revenue shortfall of over Rs336 billion during the first half (July–December) of fiscal year 2025-26, raising concerns over meeting Pakistan’s full-year fiscal targets.
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Taxpayer Registration: An Essential Step for Tax Year 2026
For tax year 2026, taxpayer registration is mandatory for every person in Pakistan. Failing to register may create hassles in obtaining essential services, such as utility connections, loans, or operating e-commerce platforms.
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Know About Audit Powers of FBR Commissioner in Tax Year 2026
The Federal Board of Revenue (FBR) in Pakistan has been granted extensive audit powers under Section 177 of the Income Tax Ordinance, 2001, updated for tax year 2026. Taxpayers must understand these powers to ensure compliance and avoid disputes.
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NADRA Computes Your Tax Liability, Shares Information with FBR
Pakistan’s tax landscape is rapidly evolving, and NADRA is no longer limited to issuing CNICs. Under the Income Tax Ordinance, 2001, NADRA has been empowered to share data, analyze wealth patterns, and even compute indicative tax liability, making it a powerful partner of the Federal Board of Revenue (FBR).
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Prince William set for bigger role in 2026 as royal family faces major shift
Prince William, the eldest son of King Charles III and heir to the British throne, is expected to take on a significantly expanded role in 2026 as the royal family prepares for a major transition aimed at safeguarding the future of the monarchy.
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