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20 October 2026
Author: Mr Asif S Kasbati (FCA, FCMA & LLB).
Today Important Videos & Quotation
A. As per Mr Ayaz Mehmood - Ex-Tribunal Member & DG LTU “I know Asif Kasbati since he was in Ferguson he was obviously bright at that time also. Best Wishes for His New Tax Commentaries’ Venture” Click on the Link to watch video
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Below is the QC Sample released earlier. For having the same on a timely basis and with all links, please subscribe today by calling Noman 0337 8632 926 or UAN 0331 1118 786
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I. BACKGROUND: (A) PGEC 106 of 2.7.24 about Gas Sales Price & Minimum charges for Captive Power (B) MIQC 54 of 17.12.21 about Sindh Minimum Wage Notification suspended by SCP - in trail, blue, italic and double line
II. UPDATED COMMENTARY
1. Captive Power Levy
Further to KQU 4131 of 14.10.26, being an important matter, we inform you about the Captive Power Plants Levy fixed at Rs. 343 per MMBTU for August 2026 – Petroleum Division Notification dated 14.10.26* (Attachment 286.1)
In exercise of the powers conferred by sub-section (1) of section 3 of the Off the Grid (Captive Power Plants) Levy Act, 2025 (XIV of 2025), the Federal Government is pleased to notify that the rate for the purpose of sub-section (1) of the said section 3 shall be Rs. 343/- per Million British Thermal Units.
This rate shall be applicable for the month of August 2026.
2. Authentication
The document mentioned above is not available on relevant websites, although our team checks all relevant websites twice a day. However, we found the document from a reliable resource. The QC is being sent now, as we waited for the authentic version and could not find it so far. We will share the authentic version via KQU once found.
C. Kasbati & Co Views
The Notification is dated 14.10.26 and not on the Ministry of Energy Website, however, the same is applicable retrospectively for August 2026 (and may be later on too).
Hence, in our view, it will land into Court and may be declared a Null & Void. OR Atleast for August OR if applicable later too than from 1.8.26 till the same is published in the Official Gazette.
Earlier, on minimum wage issue, the SHC had issued Notices to the Secretary Labour, Minimum Wage Board and Advocate General of Sindh and then adjourned to hear the stay application (MIQC 25 refers) and also refer to SCP matter in MIQC 54 (in trail).
III. FURTHER DETAILS & SERVICES: Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-
Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)
Managing Partner
Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc
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