Rawalpindi, December 22, 2025 – Saudi Arabia has conferred the Kingdom’s highest national honor, the King Abdulaziz Medal Excellent Class, upon Chief of Defence Forces (CDF) and Chief of Army Staff (COAS) Field Marshal Syed Asim Munir in recognition of his central role in advancing defence cooperation, strategic coordination, and institutional linkages between Pakistan and Saudi Arabia.
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SSGC reports 81% drop in profit for September 2025 quarter
Karachi, December 22, 2025 — The Sui Southern Gas Company Limited (SSGC) has posted a sharp 81 percent decline in profit after tax for the quarter ended September 30, 2025, reflecting mounting operational and financial pressures during the period.
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Hyundai Pakistan’s Biggest Year End Offer Nears Deadline
Hyundai Nishat Motors Pakistan has announced that its biggest promotional campaign of the year is now entering its final days, giving car buyers a limited window to secure attractive savings and flexible financing on popular Hyundai hybrid models.
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PMD warns of roadblocks due to snowfall in tourist destinations
Islamabad, December 22, 2025 — The Pakistan Meteorological Department (PMD) has issued a weather alert warning of possible road closures and slippery conditions due to snowfall and landslides in several popular tourist destinations across northern Pakistan.
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Port Qasim Daily Shipping Activity Report – December 22, 2025
Karachi, December 22, 2025 — The Port Qasim Authority (PQA) on Monday released its daily shipping activity report to keep port users, shipping agents, and trade stakeholders informed about vessel movements during the last 24 hours. The report was updated at 8:00 AM Pakistan Standard Time (PST) and provides an overview of ongoing maritime operations at one of Pakistan’s busiest seaports.
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Today’s Currency Exchange Rates in Pakistan – December 22, 2025
Karachi, December 22, 2025 — Foreign exchange companies operating across Pakistan released the latest open market currency exchange rates on Monday, enabling individuals and businesses to plan their financial transactions with updated pricing. These rates are widely used for travel, remittances, trade settlements, and other foreign currency dealings in the open market.
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Chartered Accountants Alert: ICAP–ICAEW Agreement Opens Global Recognition
In a major development for Pakistan’s accounting and finance sector, the Institute of Chartered Accountants of Pakistan (ICAP) has signed a landmark Recognition Agreement with the Institute of Chartered Accountants in England and Wales (ICAEW).
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FBR sees 92% growth in tax collection from car manufacturing in November 2025
Karachi, December 22, 2025 – The Federal Board of Revenue (FBR) has recorded a significant 92 percent increase in tax collection from new car manufacturing in Pakistan during November 2025, compared to the same month last year, reflecting a strong recovery in the auto sector.
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FBR explains liquidators’ role and responsibilities for tax year 2026
For tax year 2026, the Federal Board of Revenue (FBR) has clarified who qualifies as a liquidator and what legal responsibilities apply when handling assets of a taxpayer. These rules are laid out in Section 141 of the Income Tax Ordinance, 2001, and they impose strict compliance requirements to safeguard government tax revenue.
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How will FBR recover money held for tax defaulters in tax year 2026?
If you are holding money on behalf of a tax defaulter, tax year 2026 could bring serious consequences for you as well. Under Pakistan’s tax laws, the Federal Board of Revenue (FBR) has the legal authority to recover unpaid taxes directly from third parties who owe or hold money for defaulting taxpayers.
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