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

Oct 2024

Oct 02, 2024 • 5 min read

SBP Eases Rules for Conventional Banks to Convert to Islamic Banking

To further facilitate banks in the conversion of their branches, the State Bank of Pakistan revamped the existing criter...

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News Update

Oct 2024

Oct 02, 2024 • 5 min read

Trade Deficit Spikes By Over 20% in September 2024

Pakistan’s trade deficit increased by over 20 percent in September 2024 to settle at $1.8 billion. According to data iss...

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News Update

Oct 2024

Oct 02, 2024 • 5 min read

SECP Revises Procedure for Filing Tax Returns By Companies

The Securities and Exchange Commission of Pakistan (SECP) has revised the procedure for filing of returns (Form-9) by co...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Audit Exposes PCB for Illegally Paying Board Members Rs. 16.3 Million in FY24

The Auditor General of Pakistan (AGP) observed that the Pakistan Cricket Board (PCB) made unauthorized payment of meetin...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

SBP Directs Currency Dealers to Process Requests for Import of 100,000 MT Sugar

The State Bank of Pakistan (SBP) has directed authorized dealers to process requests from eligible applicants for the ex...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Gold Rate in Pakistan Falls for Second Time This Week

The price of gold in Pakistan fell slightly for the second straight day this week on Tuesday. According to data issued...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Inflation Rate Drops to Lowest Level in Almost 4 Years

Pakistan’s headline inflation rate fell to 6.9 percent year-on-year in September 2024, marking a significant decrease fr...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

PBA Commends Government’s Successful $7 Billion IMF Loan Negotiations

The Pakistan Banks’ Association (PBA) commends the efforts of the Government of Pakistan and the Ministry of Finance on...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

FBR Misses Tax Collection Target By Rs. 90 Billion in First Quarter of FY25

The Federal Board of Revenue (FBR) has suffered a massive shortfall of over Rs. 90 billion during the first quarter (Jul...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Begin.Watch Takes on Account Fraud With GeoComply

Premium entertainment and sports streamer Begin.Watch has tapped anti-fraud and geolocation specialist GeoComply to impr...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

CCP Starts Phase-II Review of PTCL-Telenor Merger

The Competition Commission of Pakistan (CCP) has held its first hearing for the Phase II Merger Review concerning PTCL’s...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

BF Biosciences Opens IPO for Public Subscription on October 2,3

The general public will subscribe 6.25 million shares, 25 percent of the total offer size of BF Biosciences IPO on Octob...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Siddiqsons Scraps Tin Mill Black Plate Project Citing Challenging Economic Conditions

Siddiqsons Tin Plate Limited (PSX: STPL) has decided to roll back the Tin Mill Black Plate (TMBP) project. The Board ha...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Rupee Starts October With Gains Against All Major Currencies

The Pakistani rupee (PKR) posted gains against the US Dollar (USD) today today after opening trade at 278 in the interba...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

FBR Announces Extension in Tax Return Deadline

After rebutting news regarding extension in the last date for filing of income tax returns for tax year 2024, the Federa...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

FTO Establishes Special Helpdesk to Facilitate Taxpayers in Filing Tax Returns

Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah Tuesday established a taxpayer facilitation helpdesk at its headquarters...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Guaranteed Sum for Bank Depositors Doubled

The State Bank of Pakistan (SBP) Tuesday said that Deposit Protection Corporation (DPC) has increased the guarantee amou...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Bulls Take Control as PSX Gains 690 Points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 690.39 points to close at...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Mobilink Bank Introduces Climate Insurance to Protect Agri-Borrowers from Climate Risks

Mobilink Bank, Pakistan’s leading digital microfinance bank, has introduced Climate Shock Insurance to protect small and...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

All 5 Foreign Consultants Qualify for 5G Auction in Pakistan

All of the five international consultants qualified in technical bids for providing consultancy services to the governme...

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News Update

Oct 2024

Oct 01, 2024 • 5 min read

Sateri Targets Increased Share of Growing Lyocell Market in Pakistan

Sateri, a leading global producer of man-made cellulosic fiber (MMCF), is set to enhance its presence in Pakistan’s burg...

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News & Updates

SBP Eases Rules for Conventional Banks to Convert to Islamic Banking

Trade Deficit Spikes By Over 20% in September 2024

SECP Revises Procedure for Filing Tax Returns By Companies

Audit Exposes PCB for Illegally Paying Board Members Rs. 16.3 Million in FY24

SBP Directs Currency Dealers to Process Requests for Import of 100,000 MT Sugar

Gold Rate in Pakistan Falls for Second Time This Week

Inflation Rate Drops to Lowest Level in Almost 4 Years

PBA Commends Government’s Successful $7 Billion IMF Loan Negotiations

FBR Misses Tax Collection Target By Rs. 90 Billion in First Quarter of FY25

Begin.Watch Takes on Account Fraud With GeoComply

CCP Starts Phase-II Review of PTCL-Telenor Merger

BF Biosciences Opens IPO for Public Subscription on October 2,3

Siddiqsons Scraps Tin Mill Black Plate Project Citing Challenging Economic Conditions

Rupee Starts October With Gains Against All Major Currencies

FBR Announces Extension in Tax Return Deadline

FTO Establishes Special Helpdesk to Facilitate Taxpayers in Filing Tax Returns

Guaranteed Sum for Bank Depositors Doubled

Bulls Take Control as PSX Gains 690 Points

Mobilink Bank Introduces Climate Insurance to Protect Agri-Borrowers from Climate Risks

All 5 Foreign Consultants Qualify for 5G Auction in Pakistan

Sateri Targets Increased Share of Growing Lyocell Market in Pakistan

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