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16 October 2026
Author: Mr Asif S Kasbati (FCA, FCMA & LLB).
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Dear Learned Recipient
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590+ Taxes & Levies (including FED, GIDC, Budgets, IMF, ORS/BS 19+ FST cum Customs Duty but excluding those which are exclusively about Customs Duty)
1. Filing of Income Tax returns: FBR chairman urged to further extend deadline to Nov 15-BR
2. FBR further extends tax return filing deadline to October 31-BR
3. Income tax return filing: FBR morally bound to extend deadline until Dec: expert-BR
4. Section 176 notices: IHC sets aside FTO’s findings against tax official-BR
5. Tax return deadline extended till 31st-BR
6. FBR enforces faceless audit and assessment for all taxpayers-PK
7. FBR notifies fresh rules for alternative tax dispute resolution-PK
8. FBR extends tax year 2026 return filing deadline to October 31-PK
9. FBR extends income tax return filing deadline to October 31-PPT
10. FBR extends income tax return filing deadline to Oct 31-TNS
11. FBR extends income tax return filing deadline to Oct 31-ET
12. FBR extends deadline for filing income tax returns to Oct 31-DD
13. KTBA urges FBR to expedite tax refunds, address filing issues-PK
14. FBR chief issues directions to address issues of businessmen-TN
15. Captive levy plunges 76pc to Rs343 in Aug from Rs1,406 in Jan after IMF formula change-TN
16. ‘Fiscal deficit falls to 22-year low, tax revenues rise 40% in two years’-DTS
17. Poor governance, weak tax system stifle Pak growth: ex-IMF official-TNS
18. LHC sets aside sales tax notices to Tareen’s sugar mills-DD
19. Rs2.6tr federal spending on devolved health, education ministries misuse of taxpayers’ money: Senate panel-TN
20. Lawmakers seek probe into Rs2.6tr expenditure made by Centre on devolved ministries-DD
21. Pakistan is made Chairman of Borrowers’ Group by IMF. Was no one was willing to accept?
Economy & Inflation matters (including Import, Export & CPEC)
1. The state of economy-BR
2. Pakistan eyes 4% GDP growth in FY27 on industrial, agricultural recovery-PPT
3. Lagging behind-DD
4. Pakistan must turn economic stability into growth, says ACCA executive-TNS
5. Pakistan second-worst in South Asia on hunger index: report-TNS
6. Pakistan worst hit by hunger in South Asia-DD
7. Pakistan auto sector profits expected to fall 35% QoQ in 1QFY27-PK
8. Aurangzeb outlines export reforms, investment opportunities at BoFA symposium-APP
9. PHMA Sialkot holds meeting with Uzbek official-APP
10. Zardari urges $5 billion trade target with Türkiye-TN
11. CAREC urged to turn transport infrastructure into economic corridors-TN
12. Sindh Food Minister acts against officials over wheat scams-TN
13. PA panel raises alarm over Kisan Card fund delays-TN
14. Shanghai Conference: CM Sindh secures major Chinese investments-BR
15. Aurangzeb holds key investor, bilateral, multilateral engagements-BR
16. Experts urge regional nations to revive SAARC-BR
17. TMA for reforms to restore export competitiveness-BR
18. Pakistan targets 4% growth in FY27 as reforms gather pace: Aurangzeb-BR
19. Traders decide to jointly fight for legitimate rights-BR
20. Soaring costs force PHMA to seek export support-BR
21. Aurangzeb, OPEC Fund president discuss M-6 Motorway project financing, infrastructure priorities-APP
22. FinMin meets Moody delegation; discusses economic outlook, sovereign credit profile-APP
23. Pakistan seeks further sovereign rating upgrade in talks with Moody’s-PPT
24. Aurangzeb, UN deputy secretary-general discuss development, climate financing-APP
25. Aurangzeb meets Alibaba delegation, discusses digital economy, e-commerce, technology cooperation-APP
26. Pakistan, Alibaba discuss e-commerce taxation, digital payments and export growth-PK
27. Pakistan, Alibaba discuss e-commerce tax reforms, digital payments and export growth-PPT
28. Aurangzeb holds key talks with global investors and financial institutions-PK
29. Aurangzeb seeks better financing terms, expanded multilateral support for Pakistan-TN
30. Pakistan seeks to accelerate $5.6bn IsDB financing, World Bank development projects-PPT
31. FinMin presses lenders to cut costs-ET
32. Cheema seeks ADB action on ML-1-ET
33. PM urges banks to boost financing for housing, SMEs, agriculture sectors-TN
34. Pakistan’s foreign exchange reserves rise to $26.86 billion-PK
35. Pakistan’s foreign reserves rise to $26.86 billion as SBP holdings increase-PPT
36. RDA inflows rise to $14.157bn in Sep 2026-DTS
37. RDA inflows rise to $14.15b in Sept-TN
38. Canada-Kashf partnership promotes women’s economic, social inclusion in Pakistan-TN
39. Exporters to participate in Heimtextil trade fair 2027-BR
40. WTO sees lasting impact on trade from ME war-BR
460+ Company Laws
1. SECP proposes national spot market to improve farmers’ access to finance-BR
2. SECP chief proposes establishing national agri spot market-BR
3. IGI Holdings subsidiary moves to acquire up to 100% stake in Matco Corn Products-PPT
4. Pakistan’s regulator establishes CIU to detect illegal schemes early-DTS
300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. Pakistan, ADB reinforce development partnership-BR
2. Punjab broadband expansion project faces delay: World Bank-BR
3. World Bank's Banga sets goal of quintupling critical minerals financing in five years- BR
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX turns around, gains over 641 points-DTS
2. Market rebounds-TN
3. PSX tests resistance after sustained recovery-ET
4. Most Asian stocks rise as calm returns after CoreWeave shock; Indonesia faces market downgrade-BR
5. Gold prices remain unchanged in Pakistan-BR
6. Gold prices remain unchanged in Pakistan on Thursday-PK
7. Gold price in Pakistan for today, October 16, 2026-PPT
8. Silver price in Pakistan for today, October 16, 2026-PPT
9. Pakistan’s textile exports rise by 5.26% in 1QFY27-PK
10. Minister Shafay inaugurates Garment, Textile Machinery and Accessories Exhibition-APP
11. Garment, textile machinery, accessories: expo opens in Lahore-BR
POL, Gas, other Minerals & Electricity (including Solar & Water)
1. Pakistan slashes petrol price by Rs3.63 per litre for October 16-PK
2. Govt cuts petrol price by Rs3.63, raises diesel by 31 paisas for October 16-PPT
3. Govt cuts petrol by Rs3.63, increases diesel by 31 paisas for Oct 16-ET
4. Govt reduces petrol price by Rs3.63 per litre, raises high-speed diesel rate by Re0.31-DD
5. Oil edges down as investors weigh possible US sanctions on 'shadow fleet'-BR
6. Petrol price cut by Rs3.63, HSD’s hiked by 31 paise-BR
7. Govt cuts petrol price by Rs3.63, increases diesel's by Re0.31 per litre-BR
8. Extraction & POL price fixing- BR
9. Brent steady as US weighs easing curbs on global ‘shadow fleet’-BR
10. Oil edges down as investors weigh possible US sanctions on 'shadow fleet'-BR
11. Pakistan weighs over $1 billion LNG imports to avert winter gas shortage-PPT
12. PM to decide fate of 10 spot LNG cargoes for winter months-TNS
13. Two firms ink MoU for Rs20bn gas investment-DD
14. PM rejects LPG auction sans legal cover, policy-DD
15. Oil prices head for weekly gains as Middle East supply disruptions persist-PPT
16. International Energy Agency to accelerate release of oil reserves, including over 20 million barrels of diesel-PPT
17. Houthi attacks on saudi arabia cause global oil prices to surge-DTS
18. Pakistan’s mineral potential estimated at $6 to 8tr: report-TNS
19. Pakistan forms four technical groups to modernise marble industry and boost exports-PK
20. PM expresses displeasure over slow progress on Gemstones Pilot Project-DTS
21. Consumers to pay additional Rs32.7bn for Sep FPA-BR
22. Loss-making Disco on sell-off list: IESCO seeks over 54pc hike in tariff for CY27-BR
23. Swat hydropower projects: KP moves CCI for dispute resolution-BR
24. September fuel adjustment to burden electricity consumers by Rs32.7 billion-PK
25. Electricity consumers face Rs32.7 billion impact from September fuel adjustment-PPT
26. September power fuel adjustment capped at Rs2.56 per unit-TNS
27. September FPA capped at Rs2.56/unit-ET
29. IESCO seeks 54% tariff hike to Rs43.54 per unit ahead of privatisation-PPT
Weather Updates
2. Hottest monsoon in 66 years recorded-ET
3. Rain, hailstorm intensify cold in Shangla; orchards damaged-TN
4. Death toll from tropical storm rachel rises to eight in mexico-DTS
5. 3 dead as Istanbul sees heaviest rainfall in 80 years-DD
320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)
1. World Food Day: Minister reaffirms govt’s commitment to food security-BR
2. Admission policy issued for MBBS and BDS courses-BR
3. 2D barcode system implemented to eradicate fake medicines: Kamal-BR
4. Kundi briefs Bilawal about Peshawar school roof collapse- BR
5. Best award from Women is Best Duktaran e Pakistan Excellent Award 2026 is given to Parda Clad Learned Dr Samia Raheel Qazi of Jamaat e Islami
6. K-P orders safety inspections of all government schools after Peshawar tragedy-ET
7. K-P orders safety checks at schools-ET
8. KP Health Dept dismisses 30 doctors over alleged fake PMDC registrations-TN
9. KP adviser urges implementation of laws to protect women’s rights-TN
10. Paper leak: FCC rejects PPSC stance, orders to restore status of 123 successful candidates-TN
11. 73 schools getting new classrooms, additional washrooms: commissioner-TN
12. Sindh govt prioritises health, education sectors: Chief Secretary-TN
13. 6,410 teams formed for polio campaign from Nov 2 to 8: DC-TN
14. Despite federal law, no single command for polio, HIV, TB, malaria, hepatitis-TNS
15. Infant boy tests positive for mpox in Sindh as tally rises to 94-DD
16. DR Congo confirms 9,066 Ebola cases, 4,381 deaths-TN
Politics
1. Maulana Fazal ur Rehman’s Masterclass Reply to Faisal Vawda Leaves Everyone Shocked
2. Government Invites Opposition for Talks Again | Political Dialogue | 10 PM HEADLINES 15 Oct 2026
3. Emergency in KP: Political Revenge or Necessity? | Hamid Mir Exclusive Vlog
4. Will US firms invest in KPK’s minerals? Imran Riaz Khan’s reaction to an American ambassador’s interview has sparked debate amid the Governor Rule controversy. Watch the interview and analysis-
5. Doctor sab gusa kr gy
6. Opp fails to thwart govt move in K-P-ET
7. Parliament’s joint session endorses K-P emergency, governor’s rule amid opposition uproar-ET
8. Joint sitting of Parliament endorses emergency, governor’s rule in KP amid opposition outcry-DD
9. Parliament approves emergency, governor’s rule in KP after TTAP ends talks-TNS
10. Senate, NA adopt resolutions endorsing Centre’s actions in KP-TN
11. Naqvi says govt exhausted efforts to secure K-P’s cooperation on terrorism-ET
12. Naqvi defends direct rule ‘as a last resort’-ET
13. Naqvi, Bilawal discuss KP security situation-TNS
14. Bilawal for continued political engagement on KP-TNS
15. Shehbaz, Achakzai meet during joint session-TNS
16. TTAP halts talks until meeting with Imran-TNS
17. KP Assembly the only constitutional house: Achakzai-TNS
18. KP moves to replace PTI-era legal advisers; eligible lawyers may be reconsidered-TNS
19. 3,767 terrorism incidents in KP during Afridi’s tenure, official report says-TNS
20. KP to see improved law, order within 90 days, says Samar-DD
21. Sitting CM’s arrest ‘unjustified’-ET
22. FCC ends challenge to Afridi’s appointment-ET
23. FCC declares Marwat’s plea against Sohail Afridi’s CM election infructuous-TNS
24. FCC declares plea against KP CM’s appointment infructuous after governor’s rule-DD
25. Petition against sohail afridi appointment rendered ineffective by constitutional court-DTS
26. Peshawar police on high alert following bara violent protests-DTS
27. Police on high alert as Peshawar CCPO visits Bara following PTI’s demonstration-DD
28. Police raids continue in Shangla as former PTI candidate, son arrested-TN
29. PTI disowns Imran’s X account in IHC-ET
30. IHC seeks PTI response in case about Imran’s X account-DD
31. NA Speaker issues production orders for two detained MNAs-TN
32. FCC rejects Bushra Bibi’s sentence suspension plea-TN
33. Lahore ATC extends physical remand of PTI’s Hammad Azhar-DD
34. PTI challenges Sindh home dept’s orders for preventive detention of over 40 activists under MPO-DD
35. Fazl to announce next phase of protest at Multan conference-TN
36. A political party is spreading false propaganda for dollars, says Azma-TN
37. ECP snubs Punjab govt’s plea to delay LG polls, seeks immediate poll schedules-ET
38. ECP rejects Punjab govt’s proposal for holding LG polls in April 2027-DD
39. AJK assembly speaker calls for consensus on future of refugee seats-DD
Karachi
1. Elderly couple found murdered in North Karachi home-TN
2. Elderly couple found murdered in North Karachi-DD
3. Five members of household found dead in Karachi’s Bin Qasim home laid to rest-DD
4. Two wings of Karachi police clash over custody of suspects-DD
5. Wanted suspect killed in police encounter on Shahrah-e-Millat Road-TN
6. Karachi’s extreme heat: KPC workshop discusses policy gaps, lack of interest of govt departments-BR
Other Pakistan
1. PM calls for agricultural innovation to ensure food security- BR
2. PM grieved over loss of lives in roof collapse-BR
3. ECP to issue schedule of LG polls despite Punjab’s reluctance-BR
4. JI, Alkhidmat launch 10-day fumigation drive to curb dengue-BR
5. Dar, Türkiye FM discuss regional, other developments-BR
6. Pakistan, IsDB advance USD5.6bn cooperation-BR
7. EU, Gulf nations postpone Riyadh summit after Houthi attacks-BR
8. ATC to hear case against Imaan, Chattha-BR
9. G7 to commit USD2.5bn for food-insecure countries-BR
10. FCC disposes of petition against KP CM appointment-BR
11. Industrial fires, electrical accidents: Minister for effective implementation of workplace safety laws-BR
12. CM pays tribute to dignity, sacrifices of rural women-BR
13. Gang-rape of Azeri woman: Interim pre-arrest bail of suspect woman dismissed-BR
14. JI chief grieved over Peshawar school tragedy-BR
15. Passenger safety - a neglected priority-BR
16. Peshawar school roof collapse kills 35 students, 2 teachers-BR
17. Camel milk powder manufacturing plant: Punjab agrees to provide land in Faisalabad SEZ-BR
Other International
1. Trump says he is talking to Russia and China about denuclearization- BR
2. Shooter kills four at Oregon elementary school before being shot dead by community member-BR
3. WEF could appoint Lagarde as early as November, sources say-BR
4. White House press secretary Katie Zacharia says she did not pass bar exam0-BR
The below news items are extracted after sending yesterday email:
(A) Six Newspapers Websites [Business Recorder (BR), Daily Dawn (DD), Express Tribune (ET), The News (TNS),
(B) Three other Business Websites [Pakistan Revenue (PK), Profit Pakistan Today (PPT) & Daily Times (DTS)]
(C) The above areas are covered by average 5 specialized team members, covering about 16 hours per day at different timing slots, under the Leadership of Mr Asif S Kasbati (FCA, FCMA & LLB).
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Kasbati & Co Team
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