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18 July 2026
Author: Mr Asif S Kasbati (FCA, FCMA & LLB).
Dear Learned Recipient
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. FBR’s National Faceless Centre: Aurangzeb reviews implementation roadmap-BR
2. Updated ST Act, Federal Excise Act issued-BR
3. FBR mandates tax stamps on excisable goods under updated Federal Excise Act-PK
4. FBR clarifies sales tax rules for footwear sold through POS retailers-PK
5. FBR slaps up to 92% FED on imported vehicles in Pakistan for FY2026-27-PK
6. FBR empowered to seize unpaid duty cigarettes and beverages-PK
7. Retail price tax regime: FBR exempts select POS-compliant retailers-BR
8. Bawany Sugar Mills: SC upholds FBR’s input tax adjustment rejection decision-BR
9. SC upholds FBR's stance in tax case-ET
10. FBR announces major transfers, postings of IRS officers in BS-19 to BS-22-PK
11. Change in tax offices nomenclature: FBR transfers 52 IRS officers in major shuffle-BR
12. Pakistan's real development problem isn't the budget; it’s the mandate-BR
13. SC rules against input tax relief on construction materials-TNS
14. Aurangzeb reviews rollout plan for FBR’s National Faceless Centre-TN
15. Panel to review tax tribunal performance-DD
16. PRA intensifies province-wide business registration, IMS-APP
17. Governor Kundi joins CM’s jirga, backs KP govt stance against erstwhile FATA, PATA taxes-APP
18. Govt waives penalties, surcharge on PIA’s Rs4.29 billion income tax liabilities to facilitate privatisation-PPT
19. Endangered Indus Dolphins: WWF commends Maryam for landmark initiative-BR
Economy & Inflation matters (including Import, Export & CPEC)
1. PM says Pakistan overcame economic crisis through urgent reforms-BR
2. Pakistan pushes defence, economic interests in US: report-TNS
3. PM Shehbaz warns escalating US-Iran tensions could hit country’s economy-TN
4. Pakistan, China to enhance cooperation on immigration and border management-DD
5. Finance minister to visit Washington for trade, tariff talks with US-DD
6. Kazakh President calls for AI development to promote peace and sustainable growth-APP
7. PM directs early rollout of ease of doing business law-BR
8. Toyota Pakistan confirms no price increase for CKD vehicles except one model-PK
9. Pakistan, China sign $440m pharmaceutical agreements-TN
10. Pakistan posts $649 million current account deficit in June, closes FY26 with $139 million shortfall-PPT
11. China our most trusted, time-tested friend: Shehbaz-TNS
12. PM hails US$ 440 mln Pakistan-China Pharma deals, says partnership to advance CPEC 2.0-TN
13. Pakistan, China reaffirm resolve to cooperate at multilateral fora-BR
14. Border management, immigration: Pakistan, China agree to enhance cooperation-BR
15. PM assures Chinese investors of security-ET
16. Pakistan, China agree to deepen immigration, border security cooperation-APP
17. Finance minister pushes reforms to deepen Pakistan’s corporate debt market-TN
18. Sweden backs Pakistan’s global role on antimicrobial resistance, expands agricultural cooperation-TN
19. Pakistan, China to enhance collaboration in trade, investment, other fields-DTS
20. Risk of worsening wheat crisis flagged-BR
21. IT exports hit record USD4.6bn-BR
22. IT exports hit record $4.6b-ET
23. IT exports hit record $4.6bn in FY26-TNS
24. IT exports hit record $4.6bn-DD
25. GSP-Plus renewal-DD
26. PBS puts FY26 seafood exports at $482 million, $86 million below ministry's claim-PPT
27. Iranian business leader for boosting volume of bilateral trade-BR
28. Iran, US trade fresh strikes as Gulf tensions escalate-DTS
29. Short-term inflation surges over 13pc-DD
30. SPI stays elevated at 13.09% YoY-ET
31. Weekly SPI posts 1.4pc rise-BR
36+ Customs Duty (including PSW)
1. First-ever RoRo shipment: Vessel carrying over 2,000 EVs berths at KGTML terminal-BR
2. First-ever RoRo vessel delivers over 2,000 electric vehicles to Pakistan-PK
460 + Company Law
Capital market development termed vital for growth-ET
300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. Reserves down $1.24b on debt repayments-ET
2. SBP injects Rs 12.93 trillion in market to maintain liquidity-APP
3. SBP injects Rs 12.93 tr in market to maintain liquidity-DTS
4. Current account slips into $139m deficit in FY26-DD
5. Pakistan posts $139 million current account deficit in FY26 as imports outpace exports-PK
6. Pakistan posts $139m current account deficit despite record remittances in FY26-DTS
7. Aurangzeb seeks to reduce bank lending reliance-BR
8. Current account swings to small deficit in FY26-TNS
9. Pakistan posts $649 million current account deficit in June, closes FY26 with $139 million shortfall-PPT
10. Pakistan’s circular debt isn’t a financial crisis-BR
11. Bahrain pulls $30 million from Pakistan bonds as Gulf war weighs on foreign investment-PPT
12. Pakistan seeks strategic investment ties with Egypt-ET
13. SCCI hosts 4th excellence award, investment conference 2026 in Tashkent-APP
14. Govt borrowed $27.2b in FY26-ET
15. REER increases to 106.4 in June-TNS
16. Jam for transforming Pakistan-Egypt ties into stronger partnership-BR
17. Jam Kamal calls for stronger Pak-Egypt trade, investment partnership-TN
18. Foreign exchange rates in Pakistan for today, July 17, 2026-PPT
19. The digital divide-BR
20. FDI drops 34pc to $1.64bn in FY26-TNS
21. Pakistan secures $16.2bn in foreign financing, misses FY26 target by $3.7bn-TNS
22. Pakistan FDI falls 94% to $14 million in June 2026-PK
23. FDI falls by 34pc in FY26-BR
24. Foreign exchange rates-APP
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX up 2,838 points on renewed risk appetite-ET
2. Profit-taking pushes PSX down by 2,321 points-ET
3. KSE-100 closes week with end of 2,321 points-TNS
4. PSX turns bearish, sheds over 2,320 points-DTS
5. PSX loses 2,321 points on geopolitical fears-DD
6. Rupee marginally up against dollar-DTS
7. Gold prices down Rs3,600 per tola-TNS
8. Gold prices decline by Rs3,600 per tola-APP
9. Gold heads for biggest weekly fall in six weeks as oil surge revives inflation concerns-PPT
10. Gold prices decline by Rs 3,600 per tola-DTS
11. ‘Karachi Safe City Project’ crucial for economic stability: PHMA-BR
12. PBF announces new office-bearers for Faisalabad-BR
POL, Gas, other Minerals & Electricity (including Solar & Water)
1. Govt to review petroleum prices on daily basis-BR
2. Oil prices surge over 4pc-BR
3. Oil prices jump over 2% on geopolitical fears-ET
4. Traders, industrialists oppose daily fuel price mechanism-BR
5. Govt announces daily petroleum pricing to enhance transparency-ET
6. Power consumers may face tariff hike-ET
7. Govt shifts to daily fuel pricing, jacks up petrol by Rs5.44, diesel by Rs31.05 per litre-TN
8. PM cracks whip on fuel hoarders amid Gulf conflict fallout-ET
9. Government raises petrol price by Rs5.44, diesel by Rs31.05 per litre-TN
10. Govt increases petrol price by Rs5.44, diesel by Rs31.05 per litre for next 3 days-DD
11. OMAP raises concerns over Ogra’s planned daily fuel pricing-TNS
12. Petrol price hiked by Rs5.44, diesel surges Rs31.05 under new daily pricing regime-PPT
13. Petrol pump owners reject daily fuel pricing plan, threaten nationwide strike-PPT
14. Pakistan approves daily petroleum pricing; OGRA to publish fuel rates every day-PPT
15. Govt urged to exempt furnace oil from petroleum, carbon levies-TN
16. Pakistan to review petrol prices daily amid Middle East tensions-PK
17. Govt raises petrol by Rs5.44, diesel by Rs31.05 per litre-APP
18. Government massively increases petrol and diesel prices for July 18, 2026-PK
19. Barrels For Boots: Pakistan and Kuwait discuss expanded defence pact, sources say-PPT
20. Electric bikes, scooters gain popularity as fuel prices continue to rise-PK
21. Daily fuel pricing to bring transparency: Atta Tarar-APP
22. OGRA to announce petroleum prices daily: Ali Pervaiz-APP
23. LPG marketers oppose sealing of licensed plants-BR
24. LPG marketers warn of supply crisis-ET
25. PLL seeks seventh spot LNG cargo-TNS
26. Nepra allows Aerem Energy to set up hybrid project at Dhabeji- BR
27. Power generation drops 2.5pc in June-BR
28. LESCO launches phased installation of AMI meters-BR
29. Tarbela spillway operated for first time in flood season-BR
30. CPPA-G seeks hike of Rs1.2 per unit for June-TNS
31. Power generation falls 2.3pc in FY26-TNS
32. Discos seek Rs1.20 tariff hike for August-DD
33. NDMA warns after Tarbela spillways opened-ET
34. Tarbela auxiliary spillway operated for first time in flood season 2026-TN
35. CM tells energy dept to expedite implementation of solar home system project-TNS
36. Murad for swift distribution of solar home system kits among 275,000 low-income households-DD
Weather Updates
1. The Weather-BR
2. PMD forecasts prolong wet spell across large parts of country-BR
3. PMD warns of heavy rain, flash floods and landslides across Pakistan from July 18-25-ET
320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)
1. HEC directs varsities to revamp curricula by adding A.I & emerging technologies to meet future need-APP
2. Healthcare body finds unsafe needle disposal at Valika Hospital-DD
3. Sindh’s lady health workers warn of protest over drastic cut in budget-DD
4. CSS applicants nearly halve in four years-TNS
Other Pakistan
1. PM urges URAAN Program participants to contribute to Pakistan’s development, prosperity-APP
2. Pakistan and Kuwait ‘mulling defence pact’-DD
3. Foreign-funded projects: Senate panel seeks tighter scrutiny-BR
4. Senate panel seeks probe into sanitary workers’ death, child labour issues-DD
5. Bilawal seeks greater powers for AJK-ET
6. JI vows to continue campaign for Karachi's civic rights, development-BR
7. Iran says 38 killed, over 400 injured in US strikes-DTS
8. SCO border services chiefs deliberate on security challenges-BR
9. US CG Peshawar closed-BR
10. Outgoing CGs of Malaysia, Iraq: Governor attends farewell ceremony-BR
11. TIP asks PM to halt Rs20bn PAA e-Gate contract over alleged PPRA violations
12. CM launches portal for ‘Apni Chhat, Mehfooz Chhat’ project- BR
13. Punjab introducing historic, transformative reforms: Azma-BR
14. Smuggling of human placentas case: Court rejects post-arrest bail pleas of four suspects-BR
15. Govt committed to ensuring citizens’ easy access to justice: Lanjar-BR
16. CM launches ‘Saanjhi Sabzi’ project to provide free seasonal vegetables-BR
17. Bannu operation: NA Speaker pays tribute to security forces-BR
18. President, PM pay tribute to security forces for killing 24 terrorists in Bannu-APP
19. Pakistan, Saudi Arabia enjoy strong brotherly ties built on faith, mutual trust: Syedaal-TN
20. Martyred cops’ families agree to end Quetta sit-in-DD
21. Guard killed in attack on ex-AJK PM Tanveer Ilyas: DIG-TNS
22. Use of data to help improve power sector’s performance: Leghari-BR
23. Iran warns of 'full-scale offensive' if US strikes continue-BR
24. Lanjar calls for joint action to strengthen human rights and legal aid-TNS
25. Talks between CM Bugti, sit-in body successful-TNS
26. Bilawal calls July 27 AJK polls ‘most crucial’, urges dialogue to resolve Kashmir crisis-APP
27. Bilawal proposes abolishing Kashmir Affairs ministry-DD
28. Sindh information secy reviews plans to modernise media monitoring-TNS
29. Mayor Karachi inaugurates new Emergency Operational Base SIEHS-1122-APP
30. Guard killed as ex-AJK PM Ilyas comes under gun attack-DTS
31. CS orders strict monitoring of fuel supply chain-TNS
32. Senate panel flags irregularities in KP’s foreign-funded road projects-TN
33. Pakistan forms working group to boost medical tourism-TNS
34. Moin assumes charge as DG ISSI-BR
35. SC reserves verdict on FCC’s bail jurisdiction in NAB appeals-DD
36. Govt steps up drive to expel undocumented Afghans in KP-TNS
37. https://www.nation.com.pk/18-J
38. Mixed traffic lanes of University Road to be opened soon for traffic: Sharjeel-TNS
39. FCC sets aside SHC ruling, restores Karachi University appointments-DD
40. ATC initiates proclamation proceedings against KP CM Afridi, others-DTS
41. Rawal Lake park loses half of tree cover in 2 decades-DD
42. Security forces kill 24 militants in Bannu operations: ISPR-DTS
43. Five suspected terrorists killed in Bannu CTD operation-DTS
44. Karachi Mayor says Sindh govt's work not promoted effectively-TNS
45. Afghanistan’s lost peace-DD
46. Masherbrum ascent ends in tragedy for Czech climber-DD
47. Eternal quest for privileges-DD
Other international
1. US launches 7th night of strikes as Iran attacks military sites-BR
2. Iran warns US nearing 'zero hour' for operation against CENTCOM naval units-ET
3. Truth Social to sell trading firms 'fastest' access to Trump's posts-DD
4. Canadian wildfire smoke blankets US with hazardous air-DTS
5. Trump revives China election interference claims-DTS
The below news items are extracted after sending yesterday email:
(A) Six Newspapers Websites [Business Recorder (BR), Daily Dawn (DD), The News (
(B) 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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