☰
Latest News TLQC3819= Tax Evasion, Systemic challenges & Proposed Reforms | Case Law title | Islamabad Capital Territory (Tax on Services) Ordinance, 2001 | Consultant Support Materials
Logo

We would like to send you push notifications

You can unsubscribe at any time.

logo

DNVC 30.10.26=18.5.48

30 October 2026

Author: Mr Asif S Kasbati (FCA, FCMA & LLB).

Page 1 is pasted below. For the Full Brochure, Click Here.  
============================================================
From: Kasbati & Co <kasbati.co@professional-excellence.com>
Date: Fri, Oct 30, 2026 at 10:26 AM
Subject: DNVC 30.10.26=18.5.48
 

Dear Learned Recipient

 

If your Goodself gets this email without Links, please contact us immediately.

 

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.         FCA performance: FBR rejects APTMA’s concerns-BR

2.         Electricity consumed by steel manufacturers: FBR issues new procedure for payment of additional sales tax-BR

3.         FBR powers to call tax records and conduct audits in Tax Year 2027-PK

4.         SBP extends bank hours until 8pm on October 31 for tax payments-PK

5.         KPRA warns wedding halls of legal action over sales tax violations-PK

6.         Textile, leather, other products: FBR revises duty drawback rates on exports-BR

7.         FCC dismisses pleas challenging ISL Act’s validity-BR

8.         FCC dismisses 1,178 review petitions in Income Support Levy case-TNS

 

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

1.         Pakistan’s economic transformation: prosperity without privilege-BR

2.         Economic opportunities in Pakistan: Turkish investors urged to take advantage-BR

3.         Trade, economic cooperation: There’s significant room for growth: Romanian envoy- BR

4.         Aurangzeb, Saudi envoy discuss economic cooperation-BR

5.         Chinese IPPs set up under CPEC receiving payments on time: Ahsan-TN

6.         Pakistan inflation set to hit 10.5% in October, finance ministry warns-PK

7.         Pakistan’s inflation projected at 9.5% to 10.5% in October-PPT

8.         Gulf conflict, oil price volatility pose risks to economic growth, warns govt-TN

9.         Pakistan’s poverty rate rises to 28.9% as govt reviews measurement framework-PPT

10.     Global commodity prices to surge 23pc in 2026, warns World Bank-DD

11.     World Bank forecasts 28% surge in global wheat prices in 2026-PPT

12.     Chinese auto manufacturer keen to form JVs-BR

13.     Global rice prices projected to rise 12% in 2027: World Bank-PPT

14.     Rising interest payments, uplift spending strained Pakistan’s fiscal position in early FY27: ministry-DD

15.     Punjab govt has 1m tonnes of wheat for five months, provincial assembly told-DD

16.     51,000 tonnes of imported wheat arrive at Karachi Port-TN

17.     Pak interest repayment will continue to eat away major chunk of resources-TNS

18.     Pakistan, Saudi Arabia discuss investment in agriculture, minerals and mining-ET

19.     Pakistan, Saudi Arabia discuss trade, investment and economic cooperation-PK

20.     Pakistan, Saudi Arabia discuss investment in agriculture, mining-PPT

21.     Pakistan, China sign agreement to facilitate agricultural trade at Sost-Khunjerab border-PPT

22.     Pakistan plans fast-track cotton seed approval to revive production-PK

23.     Imported cotton seed to get 12-month approval-ET

24.     Pakistan moves to improve export finance for SMEs-PK

25.     Kayani calls for improving Export Facilitation Scheme\`s effectiveness-TN

26.     Govt mulls construction sector boost-TNS

27.     Federal govt unveils major reforms to ease business, attract investment in country-TN

28.     ‘Regulatory maze blocks investment’-ET

29.     'Pakistan’s battery storage imports hit 4.5GW in first six months of 2026'-BR

30.     PM Shehbaz approves expansion of Karachi, Lahore airports-ET

31.     Editorial: Expanding Airports-TN

32.     Pakistan, ASEAN countries can promote Halal trade: SVP FPCCI-BR

33.     Pakistani traders: Proposal for 1 year multiple-entry visas to be considered: BD envoy-BR

34.     Senate panel raises concerns over delays, cost escalation in foreign-funded projects-TN

35.     Dar calls for monitoring sugar’s local supplies, exports-BR

36.     Cooperation in Intellectual Property: Pakistan, the Philippines begin discussions-BR

37.     Makkah Pact: BD’s inclusion could expand regional reach, trade ties: Dy HC-BR

38.     Govt plans expanding export schemes for SMEs: Kayani-BR

39.     Pakistan inflation reading projected in range of 9.5-10.5% for October 2026-BR

40.     FD’s update: Oct inflation projected to stay elevated at 9.5-10.5pc-BR

 

36+ Customs Duty (including PSW)

1.         Transit trade directorate detects major misdeclaration- BR

2.         Pakistan, China sign agreement to operationalise green channel at Sost-Khunjerab border-DD

3.         FBR rules out reversal of FCA unit relocation, cites faster customs clearance-PK

4.         Almonds, cashews don’t fall within categories of smuggled goods, rules SC-TN

 

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

1.         SBP launches SMEConnect to simplify financing-BR

2.         SBP-held foreign exchange reserves rise $33mn to $21.52bn-BR

3.         SBP reviews-BR

4.         SBP raises minimum capital requirement for banks to Rs20 billion-PPT

5.         Fundamentals improve despite shocks: SBP chief-DD

6.         SBP makes SMEConnect mandatory for business financing from November 1-PK

7.         SBP launches SMEConnect to streamline small business financing-PPT

8.         SBP foreign exchange reserves rise by $33 million to $21.52 billion-PK

9.         SBP forex reserves rise by $33mn to $21.52bn-PPT

10.     World Bank projects fertiliser prices to ease in 2027 after 14% rise-PPT

11.     SIFC expects USD40bn investment in 38 projects-BR

12.     NBP reports Rs48.9bn profit after tax for 9M’26- BR

13.     Punjab CM announces establishment of Apna Kisan Bank-DD

14.     CM Maryam announces Kisan Bank, Rs17bn subsidised loans for farmers-TN

 

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

1.         PSX: selling returns at bourse, KSE-100 down over 200 points-BR

2.         Stocks slump, bonds leap as AI giants' spending spooks investors-BR

3.         PSX launches Shariah-compliant trading counter-BR

4.         Asian shares mixed as Alphabet sell-off weighs on US futures-PP

5.         PSX extends recovery for fourth session-ET

6.         PSX extends bullish momentum amid Middle East peace hopes-PPT

 

7.         Yen steady before BOJ, AI jitters drive Treasury rally, weigh on dollar-BR

 

8.         Nadeem Textile Mills Limited: performance and outlook-BR

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

1.         Govt raises diesel price by Re0.85 per litre, keeps petrol unchanged-BR

2.         Oil rises on supply concerns as Houthis attack Saudi Arabia-BR

3.         Oil majors reap bumper profits-BR

4.         Oil prices settle lower-BR

5.         Govt rules out additional fuel conservation measures-BR

6.         Petrol price kept unchanged, HSD’s hiked by 85 paise- BR

7.         Diesel crosses Rs400 mark, petrol remains unchanged for Oct 30-ET

8.         Pakistan raises diesel price by 85 paisas per litre, keeps petrol unchanged-PK

9.         Diesel price raised by Rs0.85 per litre, petrol unchanged-PPT

10.     Pakistan’s daily petrol sales triple domestic production, Senate told-PPT

11.     PSO says it is working with govt and IMF on circular debt settlement plan-PPT

12.     Oil falls as diplomacy hopes outweigh Middle East escalation fears-ET

13.     Oil prices fall as peace talks ease Middle East supply concerns-PPT

14.     Capital to get new water source-ET

15.     Islamabad’s Capital Development Authority to start Shahdara Dam project soon-DD


 

16.     LPG: crisis beyond prices-BR

17.     The LPG price formula is about to change-PPT

18.     Pakistan receives third LNG cargo in October amid regional tensions-PPT

19.     Pakistan, Qatar close to revised LNG deal-ET

20.     QatarEnergy buys US, other LNG to hedge future Hormuz disruptions-ET

 

21.     Electricity supply to southwestern Balochistan: Pakistan owes USD12m to Iran’s power co, NA told-BR

22.     Unreliable data & recovery figures: NEPRA grills CPPA-G and PPMC-BR

23.     Clean energy transition: Call for consumer-centred approach-BR

24.     NEPRA questions power sector data as Rs32.7bn fuel adjustment sought-PPT

25.     Investment in govt securities: Proposal to transfer EDF money to bank account approved-BR

Weather Updates

1.         The Weather- BR

2.         Lahore ranks world’s most polluted major city as Punjab battles poor air quality-DD

3.         Editorial: Why the solution to Punjab’s air quality problem is more than just a fleet of fog cannons-DD

4.         Editorial: Smog, Again-TN

5.         Musadik announces $10m fund to back clean-air startups-TNS

6.         Six killed in cyclone off India’s eastern coast-ET

 

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

1.         Death toll of Kasur food poisoning rises to four-DD

2.         KP Dengue cases likely to drop next month: experts-DD

3.         Inquiry holds school owner responsible for roof collapse that killed 30 students in Peshawar-DD

4.         School sealed over safety violations in Attock-DD

5.         PM orders urgent reforms in Islamabad government schools-DD

6.         CM Maryam announces additional Rs5b for stroke treatment-TN

7.         Stent shortage hits Faisalabad Institute of Cardiology Hospital-TN

8.         WUM raises fund for first-ever breast cancer hospital-TN

9.         IHRA examines healthcare standards at Maroof Hospital-TN

Politics 

1.         Huge increase in Refinery Profits as highlighted by Jamaat e Islami to PM, Media & Public

2.         ‘Not related to defence’: Govt responds to Fazl’s remarks about Makkah pact countries’ meeting in Tehran-DD

3.         Govt unleashes storm on Fazl over criticism of defence minister’s absence from Tehran talks-ET

4.         PTI, TTAP affirm ‘full support’ for Fazl after govt hammering in Parliament-ET

5.         Fazl invites govt to agree on democracy charter-TNS

6.         Fact check: Viral video of JUI-F chief asking for forgiveness in NA is doctored-DD

7.         Amid internal doubts, PTI affirms Sohail Afridi ‘remains KP chief minister’-DD

8.         SLIC Bill among 8 bills cleared by Senate-BR

9.         Sost-Khunjerab border: Pakistan, China sign deal to operationalise green channel-BR

10.     PTI throws weight behind suspended K-P chief minister, says Afridi has Imran’s backing-ET

11.     Rana Sanaullah says Imran’s jailed sister Noreen ‘fine’ after being provided medical treatment-DD

12.     Govt will try to ensure Noreen’s relatives can visit her, Rana Sanaullah says-ET

13.     Imran Khan’s sister Naureen hospitalised with heart-related discomfort-TNS

14.     Bilawal urges opposition to resume participation in committees, implores Achakzai to use ‘authority’ granted by Imran-ET

15.     Govt, PPP hold second round of talks on proposed legislation-TNS

16.     PTI parliamentary party to play role in reversal of KP measures-TNS

17.     Governor’s rule not about KP minerals: Tariq Fazal-TNS

18.     Governor’s rule in KP to end in six months, NA told-TN

19.     NAB speeds up KP corruption probes-TNS

20.     ECP orders local bodies polls in KP districts with completed delimitation-TNS

21.     PTI set to contest Islamabad LG polls-TNS

22.     Replies sought in Asad Qaiser’s petition against placement on PCL-TNS

23.     ‘A painful decision’: Justice Mohsin Akhtar Kayani steps down as LHC judge-TNS

24.     Justice Mohsin Akhtar Kayani resigns as LHC judge-TN

25.     Editorial: Empowered local bodies, not a closed debate, is the answer to the provinces question-DD

 

Karachi

1.         Court rejects plea to add murder, terrorism charges in Karachi’s Gul Plaza fire case-DD

2.         Karachi man allegedly guns down two sisters for ‘using TikTok’-DD

3.         BSEK officials face fresh probe over ‘illegal appointments, promotions’-DD

4.         Two killed in Karachi firing incident-TN

5.         Third World Culture Festival Karachi 2026 opens today-TN

 

Other Pakistan

1.         PM approves expansion of Lahore, Karachi airports-BR

2.         PM inaugurates revamped Pakistan-China Friendship Hospital-BR

3.         Pakistan, Nigeria seek stronger strategic partnership-BR

4.         ATC sentences Imaan, Hadi to 10 years in security breach case-DD

5.         Stroke treatment: CM announces additional Rs5bn-BR

6.         No defence pact under discussion at Tehran meeting, Asif tells NA=-BR

7.         Pakistan asked to reduce the number of blue passports for visa exemption-BR

8.         ATC sentences Imaan Mazari, Hadi Ali Chattha to 10 years each in barrier removal case-ET

9.         ‘Absolutely absurd verdict’: Lawyers, journalists react to Imaan, Hadi’s sentencing in security breach case-DD

10.     Imaan, Hadi allege security breach case nothing more than harassment for their human rights work, free legal services-TNS

11.     Pregnant woman, 4 hospital staff among 10 killed in Tharparkar ambulance fire-TNS

12.     Sindh CM, Chinese CG discuss finalising G2G agreements-BR

13.     Naqvi slams Fazl for ‘making anti-state’ remarks in NA-BR

14.     Singaporean FM due today-BR

15.     765kV Dasu-Islamabad project: NAB, FIA may probe irregularities-BR

16.     Anti-Dumping Duties Bill laid in National Assembly-BR

17.     Iran says four tankers on fire after hitting mines-BR

18.     Death toll from Thar ambulance fire rises to nine: district official-DD

19.     GIZ to provide support to 300 SMEs in Sindh-BR

20.     Independent Group’s Amjad Shah wins SCBA elections-BR

21.     Shelled almonds and cashews not smuggled goods under SRO: SC-BR

22.     Azma highlights farmer-friendly initiatives of Punjab CM-BR

23.     Balochistan quota: Ministries, divisions told to fill in vacant posts-BR

24.     Third day of Pakistan-UN Conference: Space tech, satellite-based climate intelligence take centre stage-BR

25.     Naqvi tells NA body: Visa-free entry arrangements with 25 states within six months-BR

26.     Nine killed after oxygen cylinder explodes in ambulance-TN

27.     Degree holders: Sindh govt to launch internship programme from Nov-BR

28.     Nine India-backed terrorists killed in Balochistan operations: ISPR-TNS

29.     Bilawal hails security forces for eliminating nine terrorists in Balochistan operations-TN

30.     Pakistan crushes ISKP expansion, kills 50 terrorists-TN

31.     Safety net foils drone attack on Hassankhel police station-DD

32.     FCC ‘concerned’ over course adopted by SC bench over already decided matter-TN

33.     Pillion riding banned in KP’s Bajaur for 10 days owing to security situation-DD

34.     Two children killed, 13 injured as wedding bus collides with tractor-trolley in Peshawar-ET

35.     Five dead, several injured as bus plunges into drain in Hafizabad: Rescue 1122-ET

36.     Peshawar court sentences man to death for blasphemy-DD

37.     Fake MoFA official arrested in Gujrat-DD

38.     PTI leaders barred from entertaining any move to replace Afridi-BR

39.     Demolition of pre-partition building in Hyderabad stopped-DD

40.     Three-year-old girl allegedly sexually assaulted, suspect arrested-TN

41.     Bench Book launched to strengthen adjudication of rape cases in Pakistan-TNS

42.     Violent crime falls at historic rate in Bahawalpur-TN

43.     Bilawal urges PTI to rejoin parliamentary panels-BR

44.     Islamabad police launch crackdown against spa centres, brothels-TN

45.     Three flour mills sealed over smuggling-TN

46.     Fourth phase of public schools outsourcing initiated-TN

47.     TikTok removes 23.2m videos in Pakistan in Q2-ET

48.     FCC flags decades-long delay in land consolidation proceedings-TN

49.     Saudi Arabia warns of ‘hostile aerial threat’ in Riyadh as explosions heard-DD

50.     Saudi-led coalition intercepts, destroys 2 Houthi ballistic missiles targeting Riyadh-ET

51.     Iran snubs Qatar’s latest peace plan as unacceptable, holds firm on nuclear stance-TNS

52.     Iranian president says regional countries can ensure security without US involvement-ET

53.     Pakistan urges Iran, US to resume nuclear talks under Islamabad MoU-TNS

54.     Pakistan, Turkiye shall ‘continue to champion dialogue, diplomacy’ alongside bolstering defences: PM Shehbaz-DD

55.     Pakistan, Turkiye have matured historic friendship into ‘multifaceted strategic partnership’: PM Shehbaz-ET

56.     Prime Minister Muhammad Shehbaz Sharif addresses the ceremony to celebrate the Republic Day of Turkiye.-APP

57.     Singapore foreign minister to visit Pakistan on Friday for bilateral talks: MoFA-ET

58.     Natasha Daultana calls for strengthening Pakistan, Germany relations-TN

Afghanistan

1.         Pakistan dismisses Afghan Taliban regime’s ‘fabricated’ claims over border incident-TNS

2.         Afghanistan opium poppy cultivation surges despite Taliban govt ban: UN-DD

3.         Afghan opium production surges fivefold despite Taliban ban, UN report-TN

 

United States

1.         Vance sends letter to Iranian security chief as US seeks to revive peace talks, says WSJ-TNS

2.         Trump denies peace talks, says Vance’s outreach to Iran is related to medical supplies-ET

3.         US weighs fresh strikes on Iran as Qatar pushes peace deal-TN

4.         US central bank keeps interest rates unchanged as it waits for clearer signs of easing inflation-TNS

5.         US fires top military planner over alleged leaks: reports-DD

6.         Senior US general fired, accused of leaking classified information-ET

7.         Obama mocks Trump’s government-wide response to Cheesecake Factory remark ahead of US midterms-DD

8.         New York passes law restricting children’s use of AI chatbots-DD

9.         DoorDash strikes $17 billion deal for US rival Instacart in mega grocery delivery bet-ET

China

 

1.         Pakistan allows Taiwanese airlines to use airspace till March 2027-DD

2.         FCC votes to ban all Chinese labs from testing US electronics-ET

3.         Prime Minister Muhammad Shehbaz Sharif addresses the inaugural ceremony of Pakistan China Friendship Hospital.-APP

 

Other International

1.         Germany's Merz says EU to shape better offer as global trade order comes under pressure-BR

2.         Israel piles pressure on Arab parties as Netanyahu seeks government-DD

3.         ASEAN envoy meets Myanmar minister, discusses civil war and aid access-BR

4.         Israel piles pressure on Arab parties as Netanyahu seeks government-ET

5.         Netanyahu bloc defies forecasts, rattles markets-TNS

6.         Israel’s elections: What happens next?-TNS

7.         Netanyahu’s bloc leading Israel election but short of majority, partial results show-TN

8.         Death toll in Spain train crash climbs to 68 as rescue efforts continue-TNS

9.         Spain begins mourning period as search continues for train crash victims-TN

10.     European Central Bank chief Lagarde to step down early, triggering succession race-DD

11.     EU hits pause on country-level social media bans for children-DD

12.     3 dead in rock spire collapse at tourist site in Turkiye’s Cappadocia-DD

13.     Russia claims 1,214 Ukrainian drones targeted 20 regions overnight-TN

14.     South Korean special counsel seeks death penalty for ex-President Yoon over marital law declaration-TN

15.     Norway raises national cyber risk level to ‘high’ amid surge in attacks-TN

16.     As Iran war drags on, airlines pull back on fuel hedges and warn on fares-TNS

 

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


×