Legal Bulletin

The Importation of Frameworks: How the Sales Tax Act is Shaping the Federal Excise Act Finance Act 2026: Navigating the Future of Faceless Tax Provisions in Pakistan Surviving an AI-Driven Tax Audit: A Proactive Guide for Businesses in Pakistan (Tax Year 2026)The Privacy Paradox: Navigating Data Scrutiny in Pakistan's New Digital Tax Ecosystem Faceless Audit & Assessment (s.122E & s.11H): How Big Data is Triggering Automated Audits in Pakistan Customs Act s.179(6): The Rise of Virtual Adjudication at the Borders Faceless Appeals (s.45C & s.129A): The End of Face-to-Face Tax Litigation in Pakistan?Algorithmic Settlement (s.134B & s.47AA): Can AI Fairly Resolve Tax Disputes in Pakistan?

News Update

News & Updates

Stay informed about the latest developments in corporate law, tax regulations, and legal compliance in Pakistan

News Update

Dec 2024

Dec 04, 2024 • 5 min read

American Business Council Highlights Areas Requiring Policy Intervention to Foster Favorable Business Environment

Finance Minister Senator Muhammad Aurangzeb Wednesday held a meeting with a delegation from the American Business Counci...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

ADB, SAFCO Venture Holdings Sign $86.2 Million Deal to Boost Sustainable Aviation Fuel Production in Pakistan

The Asian Development Bank (ADB) and SAFCO Venture Holdings Limited (SAFCO) have signed a landmark $86.2 million financi...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

National Tax Council Reviews Measures to Enhance Agri Income Tax, Property Taxation

A meeting of the National Tax Council (NTC) was held today at the Finance Division under the chairmanship of Federal Min...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Silkbank Board Approves Merger With UBL

The Board of Directors of Silkbank (PSX: SILK) has approved the amalgamation of the bank with and into United Bank Limit...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Khunjerab Pass Opens for Full-Year Trade Between Pakistan, China, Central Asia

The Khunjerab Pass has been made operational for round-the-year trade between Pakistan, China, and Central Asian Republi...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

PSX Sets Another Record as it Breaches 105,000 Milestone

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 545.26 points on Wednesday to close at an all-ti...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Rupee Again Depreciates Against US Dollar and Other Top Currencies

The Pakistani rupee (PKR) closed in red reversing its two-day winning streak against the US Dollar (USD) today after ope...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Petroleum Sales in Pakistan Hit Highest Level in Over 2 Years

Pakistan recorded OMC sales of 1.58 million tons up by 15 percent year-on-year (YoY) in November 2024. According to Topl...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

PIBTL Suffers Significant Infrastructure Damage Due to Fire Incident

Pakistan International Bulk Terminal Limited (PSX: PIBTL) Wednesday that its infrastructure has suffered significant dam...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Nishat Chunian Power Ltd Approves Amendments in IPP Contracts With Govt

The Board of Directors of Nishat Chunian Power Limited (PSX: NCPL) in their emergent meeting held on December 04, 2024,...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Can Pakistan Break Free from Energy Financing Barriers?

Renewables First hosted a launch event on Wednesday to unveil “Derisking Pakistan’s Renewable Energy Future.” The report...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Govt Could Fail to Achieve 5 Key IMF Targets Set for December-January

The federal government could miss five key targets set under the International Monetary Fund (IMF) loan program, Finance...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

IT Sector Loses More Than $1 Million Per Hour Due to Internet Shutdowns

Pakistan’s Information Technology sector suffered losses of more than $1 million per hour on account of the internet shu...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

PRL Denies Reports of Agreement for Import of Crude Oil from Russia

Pakistan Refinery Limited (PSX: PRL) Wednesday clarified that no agreements or commitments have been made by PRL to impo...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Govt to Focus on Incentivization Mechanisms to Promote Housing Finance: Aurangzeb

Federal Minister for Finance Muhammad Aurangzeb said Wednesday that the government will not revert to directed lending t...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

Pakistan Agrees to Import Russian Crude Oil on a Discount

Pakistan has agreed to import Russian crude oil at a discounted rate from January 2025 onward after receiving offer duri...

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News Update

Dec 2024

Dec 04, 2024 • 5 min read

METRO AG Delegation Calls on Finance Minister

Federal Minister for Finance Senator Muhammad Aurangzeb held a meeting with a delegation of the METRO AG Germany that ca...

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News Update

Dec 2024

Dec 03, 2024 • 5 min read

Pakistan Post’s Expenditure Over 3x Higher Than Its Revenue

The National Assembly’s Standing Committee on Communications was informed on Monday that Pakistan Post was generating an...

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News Update

Dec 2024

Dec 03, 2024 • 5 min read

Atom Power Launches Pakistan’s First Locally Assembled Lithium-Ion Batteries

Atom Power (PRIVATE) Limited is set to revolutionize the energy storage landscape in Pakistan and beyond with the launch...

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News Update

Dec 2024

Dec 03, 2024 • 5 min read

Rupee Appreciates 2nd Day in a Row Against Most Currencies

The Pakistani rupee (PKR) closed in green second day in a row against the US Dollar (USD) today after opening trade at 2...

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News Update

Dec 2024

Dec 03, 2024 • 5 min read

K-Electric Disconnects Electricity of Pakistan Railways for Defaulting on Bills

K-Electric (KE) today has disconnected Pakistan Railways’ electricity meters for failing to clear outstanding dues of Rs...

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News & Updates

American Business Council Highlights Areas Requiring Policy Intervention to Foster Favorable Business Environment

ADB, SAFCO Venture Holdings Sign $86.2 Million Deal to Boost Sustainable Aviation Fuel Production in Pakistan

National Tax Council Reviews Measures to Enhance Agri Income Tax, Property Taxation

Silkbank Board Approves Merger With UBL

Khunjerab Pass Opens for Full-Year Trade Between Pakistan, China, Central Asia

PSX Sets Another Record as it Breaches 105,000 Milestone

Rupee Again Depreciates Against US Dollar and Other Top Currencies

Petroleum Sales in Pakistan Hit Highest Level in Over 2 Years

PIBTL Suffers Significant Infrastructure Damage Due to Fire Incident

Nishat Chunian Power Ltd Approves Amendments in IPP Contracts With Govt

Can Pakistan Break Free from Energy Financing Barriers?

Govt Could Fail to Achieve 5 Key IMF Targets Set for December-January

IT Sector Loses More Than $1 Million Per Hour Due to Internet Shutdowns

PRL Denies Reports of Agreement for Import of Crude Oil from Russia

Govt to Focus on Incentivization Mechanisms to Promote Housing Finance: Aurangzeb

Pakistan Agrees to Import Russian Crude Oil on a Discount

METRO AG Delegation Calls on Finance Minister

Pakistan Post’s Expenditure Over 3x Higher Than Its Revenue

Atom Power Launches Pakistan’s First Locally Assembled Lithium-Ion Batteries

Rupee Appreciates 2nd Day in a Row Against Most Currencies

K-Electric Disconnects Electricity of Pakistan Railways for Defaulting on Bills

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