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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.         FBR sets up committees for hiring of officials up to BS-16-PK

2.         FBR suspends two IRS officers, repatriates two others over unauthorised press statement, work stoppage call-PPT

3.         FBR launches electronic monitoring of production in steel sector-PK

4.         IHC summons FBR officials in ST suspension case-BR

5.         Sec 153(2)(b) of IT law: USF not obligated to deduct tax: SC-BR

6.         Countrywide pen-down strike call: FBR suspends two senior IR officials-BR

7.         PM Shehbaz orders faster FBR reforms, zero tolerance for corruption-PK

8.         PM orders indiscriminate action against corrupt elements in FBR-TN

9.         PM warns against resistance to FBR reforms-DD

10.     Govt considers dedicated sales tax zones in FBR, expanded powers for chairman-PPT

11.     Supreme Court sets aside Rs4.79bn tax liability on USF payments to telecom companies-PK

12.     IMF urges Pakistan to broaden tax net, rationalise concessions to turn economic stability into sustainable growth-PPT

13.     IMF flags unfair tax system-ET

14.     Pakistan committed to fiscal reforms and sustainability, President Zardari tells IMF delegation-ET

15.     IMF/World Bank meetings leave developing nations seeking answers-TNS

16.     The saver pays—II-BR

17.     IMF calls for Pakistan to rationalise tax concessions, bring under-taxed sectors into net-BR

18.     Pakistan urged to build on its hard-won stability-BR

Economy & Inflation matters (including Import, Export & CPEC)

1.         Aurangzeb says Pakistan’s twin deficit falls to 2.6% of GDP-PK

2.         Pakistan’s FY26 GDP growth revised down to 3.65%, economy reaches $450.4 billion, per capita income at $1,896-PPT

3.         GDP growth revised down to 3.65pc as country falls short of target-DD

4.         GDP growth cut to 3.65pc as Q4 economic activity plummets-TNS

5.         Economic growth revised lower to 3.65pc in updated FY2025-26 estimates-TN

6.         Global food inflation is expected to intensify as supply shocks pile up-TNS

7.         Pakistan calls for greater SCO connectivity and economic cooperation-PK

8.         Dar pushes national currencies for stronger SCO economic ties-DTS

9.         Pakistan, US discuss accelerating bilateral trade negotiations-PK

10.     Pakistan, US make substantial progress on trade deal, few technical issues remain for discussion with USTR-PPT

11.     Motiwala says used vehicle imports will improve consumer access to better-quality cars-PK

12.     Used car imports to break monopolies-ET

13.     DPM directs measures to facilitate export of surplus commodities-DTS

14.     Industry calls for easier rules as FBR urges export growth-DD

15.     Portugal urges Pakistan to deepen trade ties-TNS

16.     Pakistan, Tajikistan reaffirm commitment to trade, energy, connectivity cooperation-TNS

17.     Govt ensures adequate fertilizer availability and price stability for Rabi Season: Rana Tanveer-APP

18.     Fertiliser supply adequate for Rabi: minister-ET

19.     Punjab cabinet approves Rs1.995 trillion industrial development programme, targets over 162,000 jobs-PPT

20.     Punjab cabinet approves Rs1.995tr industrial programme, 162,000 jobs-TN

21.     Punjab okays Rs1.99tr industrial uplift, export promotion plan-TNS

22.     KP has vast potential for industrial growth: governor-DD

23.     Haroon says Unido could play key role in supporting Pak industrial transformation-TN

24.     Fiscal improvement-BR

25.     Countrywide pen-down strike call: FBR suspends two senior IR officials-BR

26.     KP gems, jewellery traders discuss formalising informal trade-BR

27.     Govt says will continue Export Facilitation Scheme-BR

28.     Goods & services trade reaches USD11.5bn in 2025: Pakistan, US pursuing revised trade pact-BR

29.     NKATI seeks lower interest rate-BR

30.     Food supplies committee: Punjab prepares proposals to amend rules, ToRs-BR

36+ Customs Duty (including PSW)

1.         Customs Indus foils Rs50.20m smuggling attempt at Sukkur Barrage-PK

2.         South Korea October 1-20 exports surge 105% on record chip sales-BR

3.         New valuation for tyres, tubes of buses, trucks issued-BR

460+ Company Laws

1.         SECP to review IPO approval framework-DTS

2.         ECL’s entire EPCL stake: CCP clears Lotte Chemical’s acquisition-BR

3.         CCP greenlights Lotte Chemical Pakistan’s stake acquisition in Engro Polymer & Chemicals-BR

300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)

1.         Q1 foreign assistance up YoY-BR

2.         WB mission’s visits put off due to travel curbs in KP-BR

3.         Foreign investors repatriate $864m as profit, dividends from Pakistan during 1QFY27-PK

4.         Three-day negotiations on Pakistan, Canada investment treaty start-DTS

5.         Online Fraud Hits Assembly Members!  Bank Employee Admits Sharing Customer Data

Market (Stock, Currency, Gold, Textile, Cotton & PMEX)

1.         PSX sheds 814 points in topsy-turvy trading-ET

2.         PSX witnesses bearish trend, loses over 453 points-DTS

3.         PSX starts week with loss of 453 points-TN

4.         Asian stocks climb as strong earnings buoy Wall Street-BR

5.         Rupee to rise on Jio IPO inflows, RBI while oil risks cloud outlook-BR

6.         Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA-BR

7.         Rupee registers gain against US dollar-BR

8.         Gold price per tola drops Rs3,600 per tola in Pakistan-BR

9.         Gold falls as market awaits breakout-ET

10.     Gold rates remain unchanged-TNS

11.     Green transition toolkit launched for textile sector-BR

POL, Gas, other Minerals & Electricity (including Solar & Water)

1.         POL: Strong earnings, mixed production-BR

2.         Oil rises on Middle East supply worries-BR

3.         Hormuz could be ‘redundant’ in five years: HSBC-BR

4.         Petrol price hiked by 88 paise, HSD’s by 53 paise-BR

5.         IEA sees little chance of oil market ‘normalisation’ next year-BR

6.         HSD crack spread drops to USD38 per barrel-BR

7.         19.10.26 Jamaat e Islami & Govt Committee and Hafiz Naeem Sb & PM meeting updates

8.         Pakistan raises petrol price by 88 paisas, diesel by 53 paisas per Litre-PK

9.         Petrol price increases by Re0.88 per litre, diesel by Re0.53-TNS

10.     Pakistan cuts petrol price by Rs5.16, diesel by Rs7.69 per litre-PK

11.     Govt cuts petrol price by Rs5.16, diesel by Rs7.69 per litre for October 20-PPT

12.     Govt slashes petrol price by Rs5.16 per litre, high-speed diesel rate by Rs7.69-DD

13.     Pakistan sets petroleum prices using seven-day average: minister-PK

14.     Brent crude trades above $110 as Middle East attacks raise fresh supply concerns-PPT

15.     Brent falls as Iran’s president discusses mediation with CDF Munir-ET

16.     Pakistan’s power sector circular debt rises to Rs1.675 trillion, gas sector liabilities reach Rs3.631 trillion-PPT

17.     Govt weighs gas sector deregulation as circular debt tops Rs3.6tr-TNS

18.     PPIB holds talks with stakeholders: USD2.3bn project to deploy 16.2m AMI meters envisaged-BR

19.     Pakistan projected to see electricity purchase price rise to Rs 27.31 per unit by 2027-DTS

20.     Power purchase price projected at Rs27.31 per unit for 2027-TNS

21.     Load shedding to continue on feeders with 30% or higher losses, says Leghari-PPT

22.     Govt unveils hi-tech system to manage loadshedding-DD

23.     Lotte Chemical urges govt to notify industrial tariff as its grid power demand set to triple to 80 MW by July 2027-PPT

24.     NAB completes homework for power sector reforms: Chairman-TN

25.     Rawalpindi’s 21 MGD water shortfall puts dam projects in focus-TN

Weather Updates 

The Weather-BR

320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)

1.         JI demands job security for 450 Children Hospital employees-BR

2.         Home-based workers earn as little as Rs50 an hour-BR

3.         Humanitarian protection and funding cuts-BR

4.         UK employer pay awards edge up to 3.1%, Brightmine says-BR

5.         ICAP announces results of CAF, GCC & CFAP exams-BR

6.         ICT police continue interviews for phase-I recruitment-TN

7.         Govt to expand AI, skills training for youth, says PM’s aide-DD

8.         IHRA trains assessors for healthcare facility licensing-TN

9.         FOSPAH urges banks to display workplace codes of conduct, ensure gender equality-PPT

10.     Federal ombudsperson, SBP chief discuss workplace harassment in banks-TNS

11.     Health authorities dismiss reports of insulin shortage, cite unavailability of one brand-DD

12.     Country reports 7th polio case of this year in Karachi-TN

13.     Sub-National Polio Vaccination Campaign from Nov 2–8-TN

14.     Calls to relocate stray dogs grow as two more die of rabies in Sindh-DD

15.     HSA promotes early detection at breast cancer awareness session-TN

16.     CM stresses early diagnosis, awareness to combat breast cancer-TN

17.     Bilawal stresses timely breast cancer diagnosis, access to treatment-TN

18.     National Cancer Conference 2026 begins at LUMHS Jamshoro-TN

19.     Health secretary takes stock of Pims’ administrative, operational challenges-DD

Politics 

1.         Takmeel e Pakistan Movement as per Dr Israr Ahmed

2.         Ban on PTI may no longer be needed after governor’s rule in K-P: Tarar-ET

3.         Rana Sanaullah invites opposition to join anti-terrorism talks-DTS

4.         Govt calls on all political parties to unite, forge consensus against terrorism and set aside differences-ET

5.         Govt calls on opposition to discuss terrorism, advises PTI to break free from social media-TNS

6.         PTI rejects ‘minus-Achakzai’ claim, says no talks on Fazl as NA opposition leader-TNS

7.         PTI renews efforts to secure relief for Imran, family after KP setback-TNS

8.         PHC issues notices in petitions challenging governor’s rule, emergency in KP; hearing adjourned till Nov 10-DD

9.         PHC issues notice to AG on PTI petitions against KP governor’s rule, emergency-TNS

10.     Peshawar High Court seeks response on KP emergency petitions-DTS

11.     PHC seeks Centre’s response over imposition of emergency, governor’s rule in K-P-ET

12.     PTI lawmaker arrested in raid on Bannu madressah-DD

13.     Balochistan govt rejects comparison with K-P, says cooperating with Centre on combatting terrorism-ET

14.     ATC extends physical remand of PTI leader Shabbir Gujjar-TN

15.     JUI-F eyes political expansion in Punjab-TN

16.     Treasury MNA points out quorum, NA session suspended-TN

17.     Senate passes bill allowing blue passports for ex-lawmakers with incomplete term-TN

18.     Senate eases blue-passport rules for former lawmakers, drops bill for their children-TNS

19.     Senate passes bill to restrict blue passports-ET

20.     Azma Bokhari wins Rs84m defamation case against Punjab opposition leader-TN

Karachi

1.         In damning report, judicial commission seeks JIT for Mir Raza probe, FIA-led inquiry into police conduct-ET

2.         ‘It was a murder’: Judicial commission finds ‘epic’ police failure in Mir Raza case-TNS

3.         Mir Raza’s final hours: A trail of calls, a Rs30m plea and a vanishing act-ET

4.         Karachi’s Nehr-i-Khayyam rehabilitation to improve Clifton environment, says minister-DD

5.         Sindh CS reviews Nehr-e-Khayyam project-TN

6.         Karachi mayor vows uninterrupted development, announces new road link to ease traffic at Natha Khan-TN

7.         Work on four garbage stations in final stages: Sindh CM-DD

8.         Sindh senior minister Sharjeel stresses need to integrate all BRT projects-DD

9.         Karachi Police arrest over 894 suspects during week-TN

10.     Sindh home minister directs police to intensify crackdown on street crime in Karachi-TN

11.     Robbers take away Rs6m from petrol pump cashier in Karachi-DD

12.     BRT projects: Sharjeel asks officials to accelerate work-BR

Other Pakistan

1.         Senate panel seeks scrutiny of Pakistan General Cosmetics Bill, 2026- BR

2.         Defence industry cooperation: Pakistan, Türkiye, Qatar, Indonesia may sign MoU-BR

3.         Key administrative changes take place at IHC-BR

4.         Punjab PA body questions legality of Lahore Gymkhana’s lease-BR

5.         Pakistan army chief arrives in Tehran for talks with senior Iranian officials-BR

6.         Opposition leader ordered to pay Rs3mn to Punjab minister in defamation case-BR

7.         Ahsan says concerned about smoking inside Parliament House- BR

8.         ICCI seeks dedicated quota of 100 Hajj pilgrims-BR

9.         Maldives president arrives in Pakistan for three-day state visit-BR

10.     LG polls: PPP accepting applications from candidates-BR

11.     Dar for collective regional approach to counter security threats-BR

12.     Defamation suit: Qureshi directed to pay Rs3m to Azma Bokhari-BR

13.     Governor’s rule, emergency PHC seeks response of federal govt-BR

14.     US: Iran presents hardened position in talks with Munir-BR

15.     CM announces laptops, five buses for Kinnaird College- BR

16.     Govt announces new date for implementing e-passport policy-BR

17.     PPL’s proposed relocation sparks sharp exchange in NA- BR

18.     Police officer martyred in gun attack near Miranshah bypass-ET

19.     Army major martyred in Balochistan IED blast-TN

20.     20 abducted police recruits ‘recovered safely’ in Kalat-DD

21.     Balochistan MPAs seek recovery of ‘abducted’ Hindu girl-DD

22.     Suspect sent on 4-day physical remand after running over 15-year-old employee in Multan-ET

23.     Multan man arrested after allegedly chasing teenager, 15, with car and running him over-TNS

24.     Primary suspect in Laiba Ejaz suicide case dies after being shot by accomplices: police-ET

25.     NCCIA arrests Khanewal man indicted in $126m US postal fraud case-ET

26.     Sindh IGP seeks report on death of young woman in Jamshoro-TN

27.     Punjab govt reschedules Basant 2027 in Lahore for second time, sets March dates-ET

28.     Punjab govt to ban sale, purchase and use of spying devices equipped with hidden cameras-PPT

29.     Punjab plans ban on spy devices disguised as everyday items-TN

30.     Punjab backs consecutive sentences in heinous crimes-DD

31.     Providing relief to fraud victims: Police for making offences under Section 420 non-bailable-DD

32.     Pakistan to begin mandatory e-passport issuance from Oct 23-TN

33.     20 PIA staffers ‘defraud’ airline of Rs5m-TNS

34.     Powerloom workers protest ‘police torture’ in Faisalabad-DD

35.     Four capital police officials arrested for ‘dacoity’ at Chinese nationals’ house-DD

36.     Number of checkposts in capital reduced from 24 to 12: IG-DD

37.     Anti-encroachment operation to be extended across KP-DD

38.     DG Khan Airport to be upgraded for international flights at Rs5.5 billion by January 2028, says energy minister-PPT

39.     Dera Ghazi Khan airport extension by Jan 2028-DD

40.     Rs5.5b airport upgrade underway-ET

41.     Toll plazas still incomplete as Rawalpindi Ring Road cost escalates to Rs50.4bn-DD

42.     Justice Rizvi takes oath as acting FCC chief justice-TN

43.     IHC issues notices on Imaan Mazari, Hadi Chattha appeals-TN

44.     Ayaz, Deputy Speaker visit 104 additional family suites project-APP

45.     Mayor says new phase of uplift begins in Korangi industrial area-BR

46.     Punjab disburses Rs14.5bn to mosque imams-BR

47.     Rabi season: Fertilizer offtake likely to increase-BR

48.     Maldivian president arrives on three-day state visit-BR

49.     Sindh cabinet takes some key decisions-BR

50.     Iran rejects moving enriched uranium out of country-BR

United States

1.           Trump hits new approval low as voters sour on economy ahead of US midterms-TNS

2.           Obama blasts federal probe of congresswoman Ilhan Omar as ‘so appalling’-TN

3.           Ambassador Rizwan Sheikh addresses Pak-U.S. Tech Connect 2026 to explore bilateral tech cooperation-APP

4.           US Secretary of State Rubio begins India visit as trade deal nears completion, Russian oil imports remain in focus-PPT

5.           Rubio’s India visit focuses on trade deal and Russian oil-DTS

6.           Rubio heads to India for ‘trade diplomacy’-DD

7.           US bars IT firm from sponsoring green cards, imposes $2m settlement-DD

8.           OpenAI seeks $30 billion funding round at over $1.4 trillion valuation ahead of Anthropic IPO-PPT

9.           Elon Musk pledges SpaceX shares to every American child in 2027-PPT

Other International

1.           UK’s fighter jets to help KSA protect its cities-BR

2.           Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar addressed the narrow-format session of the Shanghai Cooperation Organisation (SCO) Council of Heads of Government (CHG) meeting-APP

3.           Deputy Prime Minister/Foreign Minister Senator Mohammad Ishaq Dar held a meeting with the Foreign Minister of Tajikistan, H.E. Mr. Sirojiddin Muhriddin, on the sidelines of the Shanghai Cooperation Organisation (SCO) Council of Heads of Government (CHG) meeting-APP

4.           Ishaq Dar meets Tajik president on sidelines of SCO summit-TN

5.           Maldives president lands in Pakistan for three-day state visit-ET

6.           Maldives president arrives in Pakistan for three-day visit-DD

7.           Pakistan, Qatar pledge closer ties on internal security-DTS

8.           Pakistan, Qatar agree to strengthen internal security cooperation-DD

9.           Pakistan providing whatever support Saudi Arabia needs: DG ISPR-TN

10.       Turkiye submits Makkah defence pact to parliament for ratification, sources say-ET

11.       Death toll from Houthi attack on Yemen training camp rises to 73-ET

12.       Houthi ballistic missile attack kills 53 Yemeni soldiers, wounds 200 in Shabwa-TN

13.       Houthis inflict major losses on Yemeni forces-DD

14.       More than 250,000 displaced in Yemen since August as fighting escalates: UNHCR-TN

15.       Riyadh flight operations resume via alternative airports-DTS

16.       Three tankers hit mines crossing Strait of Hormuz: Iran Guards-TNS

17.       CDF Munir meets senior Iranian officials as Pakistan continues diplomatic push to end conflict-ET

18.       Iran foreign minister says Russia, Iran have ‘never’ worked so closely-DD

19.       Pakistan made every possible effort to reduce US-Iran tensions, says Naqvi-TN

20.       Strait of Hormuz could become “redundant” within five years as Gulf develops alternative routes, HSBC CEO says-PPT

21.       Putin proposes three-way Ukraine peace summit-DTS

22.       Zelenskyy criticizes partners after Russia strikes Ukrainian energy grid-DTS

23.       Ukraine faces power grid strikes without early intelligence warnings-DTS

24.       France to deploy troops, admits to failures over weekend unrest-ET

25.       France could impose more curfews after protest violence: Premier-TN

26.       Several French cities impose curfews after weekend of chaos and protests-TN

27.       Anger at rising fuel prices bolsters Europe’s far right as unrest sweeps France-ET

28.       Alberta votes to remain part of Canada-DD

29.       Canada’s Alberta votes to remain in federation, projections show-TN

30.       Israeli fire kills four people in Gaza, medics say-ET

31.       Over 500 Moroccan troops train for Gaza force-TN

32.       Australian PM confirms vehicle attack on independent lawmaker-DTS

33.       Illegal gold mine collapse leaves at least 14 dead in Colombia’s Nariño province-TNS

34.       North Korean state media releases photos of Kim Jong Un amid death rumors-ET

35.       Declared dead: Indian voters fight to get back on electoral rolls-DD

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), The Nation (TN) & Associated Press of Pakistan (APP)] and

(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).

Best regards

Kasbati & Co Team