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

Sep 2024

Sep 13, 2024 • 5 min read

FBR Suspends Deputy Commissioner RTO Quetta for 4 Months

The Federal Board of Revenue (FBR) has suspended Muhammad Ali (IRS/BS-18), Deputy Commissioner-IR, Regional Tax Office,...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Govt to Increase Rental Allowance for Grade 1 to 22 Employees in Six Cities

The federal government is set to increase rental ceilings for grade 1 to 22 government employees in six cities. Accord...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Ex-CFO Pakistan Expo Centres Rejects Allegations Against Him by CEO As Baseless

Chief Financial Officer Pakistan Expo Centres Zia ul Mustafa has rejected the allegations raised against him by CEO Mari...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Banks to Remain Closed On 17 September

The State Bank of Pakistan (SBP) announced on Friday that it will remain closed next Tuesday, 17 September 2024, on acco...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Gold Price Hits All-Time High in Pakistan as International Prices Soar

The price of gold in Pakistan breached the record high mark for the second time this week on Friday. According to data...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

FBR to Freeze Bank Accounts of Filers Who Deliberately Submit Incorrect Tax Returns

The Federal Board of Revenue (FBR) will freeze bank accounts of filers of income tax returns, who would deliberately sub...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

KE Removes Over 2000 Kgs Underground Illegal Connections in North Karachi, Gadap

K-Electric (KE), in collaboration with the law-enforcement agencies, is undertaking operations against electricity thiev...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

FBR Allows Commissioner Inland Revenue to Condone Time Limits for Taxpayers

The Federal Board of Revenue (FBR) has empowered Commissioner-Inland Revenue (IR) to condone time limits specified under...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

ADB Approves $320 Million Loan for Road Construction in KP

The Asian Development Bank (ADB) has approved a $320 million loan to support the rehabilitation of roads in the province...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

A New Era in Payments: Pakistan’s First Payment Gateway Offering Buy Now Pay Later

In today’s fast-paced, digital world, buying and selling online has become second nature. Whether purchasing a new pair...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

PSX Gains Just Over 300 Points Day After Policy Rate Cut, IMF News

The 100-Index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 315.44 more points, a...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Rates of Profit on National Savings Schemes Revised Downwards

The federal government has revised the rates of profit on National Savings Schemes. According to data shared by Arif Ha...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

KIBOR Rates Decline Further Following SBP Monetary Policy Announcement

KIBOR rates decline further by 25-119 basis points (bps) across all tenors on Friday following the central bank’s move t...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Planning Minister Reveals Real Reason Behind Delay in Diamer Basha Dam Project

Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, chaired a review meeting on the progre...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Sindh Launches Affordable Housing Project for Deserving Citizens

According to a report by ARY News on Thursday, the Sindh government has launched a new housing initiative named “Sasti B...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Rupee Up 4th Day in a Row Against US Dollar After IMF News

The Pakistani rupee (PKR) rose 4th day in a row against the US Dollar (USD) today after opening trade at 278 in the inte...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

CCP Approves Two Acquisitions in Packaging, Renewable Energy Sectors

The Competition Commission of Pakistan (CCP) has approved two acquisitions, reinforcing its commitment to promoting comp...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

Weekly Inflation in Pakistan Increases After Four Straight Falls

The Sensitive Price Index (SPI)-based inflation for the week ended September 12, 2024, increased by 0.01 percent, accord...

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News Update

Sep 2024

Sep 13, 2024 • 5 min read

PSX Issues Alert Against Fraudulent WhatsApp Groups Giving Investment Advice

Pakistan Stock Exchange Limited (PSX) has issued an investor alert regarding the surge in fraudulent activities promoted...

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News Update

Sep 2024

Sep 12, 2024 • 5 min read

Cabinet Committee Takes Key Decisions on Categorization of SOEs

Federal Minister for Finance Senator Muhammad Aurangzeb chaired the meeting of the Cabinet Committee on State-Owned Ente...

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News Update

Sep 2024

Sep 12, 2024 • 5 min read

FFC Signs MoU with HBL to Boost Farmer Financing

Fauji Fertilizer Company Limited (FFC), a key contributor to national growth, has partnered with Habib Bank Limited (HBL...

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News & Updates

FBR Suspends Deputy Commissioner RTO Quetta for 4 Months

Govt to Increase Rental Allowance for Grade 1 to 22 Employees in Six Cities

Ex-CFO Pakistan Expo Centres Rejects Allegations Against Him by CEO As Baseless

Banks to Remain Closed On 17 September

Gold Price Hits All-Time High in Pakistan as International Prices Soar

FBR to Freeze Bank Accounts of Filers Who Deliberately Submit Incorrect Tax Returns

KE Removes Over 2000 Kgs Underground Illegal Connections in North Karachi, Gadap

FBR Allows Commissioner Inland Revenue to Condone Time Limits for Taxpayers

ADB Approves $320 Million Loan for Road Construction in KP

A New Era in Payments: Pakistan’s First Payment Gateway Offering Buy Now Pay Later

PSX Gains Just Over 300 Points Day After Policy Rate Cut, IMF News

Rates of Profit on National Savings Schemes Revised Downwards

KIBOR Rates Decline Further Following SBP Monetary Policy Announcement

Planning Minister Reveals Real Reason Behind Delay in Diamer Basha Dam Project

Sindh Launches Affordable Housing Project for Deserving Citizens

Rupee Up 4th Day in a Row Against US Dollar After IMF News

CCP Approves Two Acquisitions in Packaging, Renewable Energy Sectors

Weekly Inflation in Pakistan Increases After Four Straight Falls

PSX Issues Alert Against Fraudulent WhatsApp Groups Giving Investment Advice

Cabinet Committee Takes Key Decisions on Categorization of SOEs

FFC Signs MoU with HBL to Boost Farmer Financing

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