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

Jul 2024

Jul 09, 2024 • 5 min read

Rupee Returns to Winning Ways Against US Dollar, Other Currencies

The Pakistani rupee (PKR) came back stronger against the US Dollar today after opening trade at 278 in the interbank mar...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

Millat Tractors Denies Reports of Any FIR Due to Alleged Tax Fraud

Millat Tractors Limited (PSX: MTL) has denied media reports of any First Information Report (FIR) against it or its chie...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

PHDL Announces Massive Share Dividend For FY25 Following Regent Plaza Sale

The Board of Directors of Pakistan Hotels Developers Limited (PSX: PHDL) in their meeting held on July 8, 2024, recommen...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

United Business Group Leader Wants Cut in Power Tariff, Interest Rate

Patron-in-Chief United Business Group (UBG) S M Tanveer has demanded Finance Minister Senator Muhammad Aurangzeb to redu...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

Competition Appellate Tribunal Dismisses Appeal in Collusive Bidding Case over PESCO Tender

The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Creative Engineering against the order of...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

President Zardari Suggests Establishing New Bank For Boosting Agriculture in Pakistan

President Asif Ali Zardari has proposed the establishment of a state land bank to utilize government-owned lands to secu...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

Finance Minister to Visit China This Week For $15 Billion Energy Debt Restructuring

Finance Minister Muhammad Aurangzeb will go to China this week seeking restructuring of $15.4 billion Chinese energy deb...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

PIA Privatization is in The Final Stages

The Standing Committee on Aviation was informed that the privatization process of Pakistan International Airlines Corpor...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

FBR Sees Tax-to-GDP Ratio At 9% in Current Fiscal Year

The Federal Board of Revenue (FBR) revenue target for 2024-25, without budgetary measures (new taxes) is projected at Rs...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

Gold Rate in Pakistan Falls Slightly as Dealers Maintain Discount

The price of gold in Pakistan posted a marginal decline on Tuesday, its second in two days. According to data issued by...

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News Update

Jul 2024

Jul 09, 2024 • 5 min read

PM Announces 3-Month Relief for Protected Electricity Consumers After Public Backlash

Prime Minister Shehbaz Sharif Tuesday announced a relief package of Rs. 50 billion for protected electricity customers u...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

USC to Introduce Open Framework Agreement for Sugar Procurement

The Utility Stores Corporation (USC) has prepared a plan for emergency procurement of sugar under the Prime Minister’s R...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Aurangzeb Vows to Resolve Issue of K-Electric’s Delayed Bill Collections At Post Offices

CEO K-Electric Syed Moonis Abdullah Alvi accompanied by CFO KE Muhammad Aamir Ghaziani and Chief Regulatory Affairs Muha...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

RDA Denies Approving ‘New Airport Town’ Housing Scheme

The Rawalpindi Development Authority (RDA) has rejected the layout plan submission for the “New Airport Town” housing sc...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Ex-CEO PSX Joins Jazz As Chief Financial Officer

Jazz has announced the appointment of Farrukh H Khan, ex-CEO Pakistan Stock Exchange, as its new Chief Financial Officer...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Lahore Court Summons Top FBR Officials in Defamation Case

Additional District and Sessions Judge, Lahore (ADSJ) has summoned Chief Commissioner Inland Revenue, and Commissioner I...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Trading Halted After PSX Building Catches Fire

Update: Trading has resumed at PSX after almost 2 hours. “This is in continuation to PSX Notice No.PSX/N-630 dated July...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Huge Electricity Bills Shock Protected Customers

Over 300,000 power consumers were removed from the protected category and faced higher electricity bills in June due to...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Financial Sector Showed Steady Performance in 2023, Posts 27% Growth in Asset Base: SBP

The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Rupee Devalues Against US Dollar And Other Major Currencies

The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278 in the...

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News Update

Jul 2024

Jul 08, 2024 • 5 min read

Govt Mulls Alternative Scheme to Cash Rewards for IT Companies

The government is mulling introducing an alternative scheme to cash rewards to IT companies against their exports. Minis...

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News & Updates

Rupee Returns to Winning Ways Against US Dollar, Other Currencies

Millat Tractors Denies Reports of Any FIR Due to Alleged Tax Fraud

PHDL Announces Massive Share Dividend For FY25 Following Regent Plaza Sale

United Business Group Leader Wants Cut in Power Tariff, Interest Rate

Competition Appellate Tribunal Dismisses Appeal in Collusive Bidding Case over PESCO Tender

President Zardari Suggests Establishing New Bank For Boosting Agriculture in Pakistan

Finance Minister to Visit China This Week For $15 Billion Energy Debt Restructuring

PIA Privatization is in The Final Stages

FBR Sees Tax-to-GDP Ratio At 9% in Current Fiscal Year

Gold Rate in Pakistan Falls Slightly as Dealers Maintain Discount

PM Announces 3-Month Relief for Protected Electricity Consumers After Public Backlash

USC to Introduce Open Framework Agreement for Sugar Procurement

Aurangzeb Vows to Resolve Issue of K-Electric’s Delayed Bill Collections At Post Offices

RDA Denies Approving ‘New Airport Town’ Housing Scheme

Ex-CEO PSX Joins Jazz As Chief Financial Officer

Lahore Court Summons Top FBR Officials in Defamation Case

Trading Halted After PSX Building Catches Fire

Huge Electricity Bills Shock Protected Customers

Financial Sector Showed Steady Performance in 2023, Posts 27% Growth in Asset Base: SBP

Rupee Devalues Against US Dollar And Other Major Currencies

Govt Mulls Alternative Scheme to Cash Rewards for IT Companies

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