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DNVC 1.7.26= 15.1.48

01 July 2026

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

Date: Wed, Jul 1, 2026 at 11:32 AM
Subject: DNVC 1.7.26= 15.1.48
 
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.         Finance Act 2026: FBR denied powers to recover taxes from bank accounts without notice-BR

2.         FBR slashes regular duty on SUVs-BR

3.         Import of large number of items: RD rate capped at 20pc by FBR-BR

4.         FBR collects over Rs13tr in FY26, more than target of Rs12.983tr-TNS

5.         FBR beats revised tax target by Rs21 billion-DD

6.         FBR allows banks access to asset declarations of public office holders-PPT

7.         Senate panel seeks 20-year tobacco tax record after FBR fails to provide data-PPT

8.         Finance Act, 2026: Govt withdraws proposed law for OMCs-PK

9.         Banks to start deducting 5% tax on social media income from July 1-PPT

10.     Govt allows instalment payment of tax on imported mobile phones from July 1-PPT

11.     Govt to scrutinise bank accounts with over Rs100 million transactions from July 1-PPT

12.     Refund case: Ombudsman finds lapses by tax authorities-BR

13.     Rs12.957trn twice-downward revised tax target achieved- BR

14.     PPA urges FBR to abolish fixed FED of Rs10 per DOC-BR

15.     30pc additional RD slapped on used vehicles-BR

 

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

1.      Finance ministry expects economic growth to gain pace in FY27-TNS

2.      PM Shehbaz directs major overhaul of agriculture sector-DD

3.      SAARC CCI leadership strengthens industrial ties with China-BR

4.      7pc growth needed to create 1.8m new jobs annually: minister-DD

5.      Lawmakers question vehicle quality oversight-DD

6.      Pakistan joins International Olive Council as permanent member, showcases expanding olive industry-PPT

7.      External pressures mount: FD projects 11-12pc headline inflation this month-BR

8.      Exporters seek removal of power cross-subsidy, roadmap for Rs327 billion refunds-PPT

 

36+ Customs Duty (including PSW) 

Customs’ value on import of branded perfumes revised-BR

 460 + Company Laws

1.    Third-party motor insurance coverage in Sindh increases by 1,374pc-BR

2.    Dawood Equities secures SECP certificate for Shariah-compliant brokerage window-PPT

 

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

1.      SBP directs banks not to block accounts without lawful authority-BR

2.      SBP rolls out its redesigned website-BR

3.      SBP unveils new official website-TNS

4.      SBP FX purchases drop to $667m in March-TNS

5.      SBP unveils new website-DD

6.      SBP asks banks not to block accounts without lawful authority-TNS

7.      SBP launches new official website to promote greater inclusivity, enhance public outreach-APP

8.      SBP injects Rs10.5 trillion through Reverse Repo Purchase-PPT

9.      Foreign exchange rates in Pakistan for today, June 30, 2026-PPT

10.   New govt loans to be Shariah-compliant from 2028-DD

11.   Currency rates of NBP-APP

12.   NBP Exchange Rates-APP

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

1.      PSX soars 44pc in FY26: Index likely to cross 200,000-level by Dec-BR

2.      Positive sentiments drive PSX, KSE-100 settles with over 1% gain-BR

3.      Buying rally continues at PSX, KSE-100 up 1,800 points-BR

4.      PSX rebounds to end FY26 above 180,000-DD

5.      Investor optimism powers PSX to 1,887-point surge-ET

 

6.      Rupee stays flat in interbank-TNS

 

7.      Gold price per tola drops by Rs4,100 in Pakistan-BR

8.      Gold price in Pakistan for today, June 30, 2026-PPT

9.      Silver price in Pakistan for today, June 30, 2026-PPT

10.   Gold prices drop Rs4,100 per tola-TNS

 

11.   Pakistan becomes third country to join Apparel and Textile Transformation Initiative-PPT

 

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

1.      Oil prices rise as breakdown in Iran-US talks raises supply concerns-BR

2.      Oil prices little changed but set for steepest monthly, quarterly losses since 2020-BR

3.      Govt establishes petroleum price stabilisation fund to manage fuel price volatility-TNS

4.      Pakistan imports over 16m tonnes of oil in July-May-TNS

5.      POL prices: OCAC argues frequent changes hurt investor trust-BR

6.      Iraq’s push for bigger Opec quota driven by revenue pressures, new oil investment-TNS

7.      Govt expects easing inflationary pressure in new fiscal year following reopening of Strait of Hormuz-DD

8.      Govt urged to examine option of Iranian oil import-BR

9.      Pakistan creates Petroleum Prices Stabilisation Fund to manage oil market shocks-PPT

 

10.   OGDCL completes drilling of development well in Sanghar-BR

11.   President signs ordinance to appoint Ogra chief-BR

12.   OGDC completes development well in Sanghar-TNS

13.   Govt secures eighth LNG cargo since Iran crisis-TNS

14.   Govt fixes Rs2,000 gas rate for RLNG power plants amid LNG supply crunch-TNS

15.   Ordinance amends Ogra law to let bureaucrats head entity temporarily-TNS

16.   SNGPL unable to repay Rs50 billion loan as its circular debt burden hits Rs819 billion -PPT

17.   OGDCL completes Chak 63-05 well in Sindh, tests 10.5 MMSCFD gas flow-PPT

18.   Pakistan issues urgent tender for LNG cargo delivery this week-PPT

19.   Ogra cuts LPG prices by 21.8pc for July-TNS

20.   July LPG prices decreased- BR

 

21.   PD set to submit ‘surplus package’ reassessment to NEPRA-BR

22.   Nepra cuts CPPA-G market fee to Rs10.5248 per kW per month-PPT

23.   KOEN seeks Islamabad’s support as $1bn hydropower projects face uncertainty-BR

24.   Full-scale RCC trial commences on Dasu project-BR

 

Weather Updates 

1.       The Weather-BR

2.         PMD forecasts hotter-than-normal weather and flood risks for July to September-TN

3.         PMD forecasts widespread monsoon rains from July 1-TN

 Other Pakistan

1.         Population boom straining resources: PM-BR

2.         PM’s grievance wing resolved 92pc of public complaints’-TNS

3.         Balance between population and resources must for progress: PM Shehbaz-DD

4.         CM Murad warns against wheat hoarding, orders crackdown to stabilise rising flour prices-DD
 

5.         NA panel examines performance of PM’s public affairs, grievance wing-BR

6.         Senate body for flight operations on remote, underserved routes-BR

7.         CPPs gas levy case: FCC issues notices to power regulator, other respondents-BR

8.         NA panel flags its concern over non-appearance of KE CEO-BR

9.         IHC reserves verdict on pleas against Imran, Bushra’s solitary confinement-DD

10.     Smuggling of human placentas case: Physical remand of five suspects including Chinese extended-BR

11.     HEC forms panel for fresh assessment of Fuuast governance, fiscal management-TNS

12.     Petitioner approaches SC to overturn IHC’s acquittal of accused in domestic violence case-DD

13.     Official silence fuels confusion on ‘arrest’ of JAAC leader Shaukat Nawaz Mir-DD

14.     SJC dismisses complaint against IHC judge in hit-and-run case-DD

15.     Foreign Secy receives OPCW delegation at MoFA-BR

16.     PA to return controversial bill to govt for changes-DD

17.     Punjab PA returns Habitual Offenders Bill to Law Dept-BR

18.     Ahsan unveils major road and rail projects-BR

19.     Bilawal for new int’l convention against ‘weaponisation of waterways’-BR

20.     Global challenges: UN official highlights Pakistan’s role-BR

21.     PAC recovers record Rs34.5bn from federal, Sindh govt depts-TNS

22.     IHC clears amalgamation of Telenor Pakistan into PTML-BR

23.     FCC issues notices in Nepra levy case-TNS

24.     SHC calls for accountability of Sindh Public Service Commission amid complaints of nepotism-DD

25.     SHC orders reassessing test papers of petitioners-TNS

26.     Alleged solitary confinement of IK, Bushra: IHC reserves verdict on maintainability of pleas-BR

27.     Ali Khamenei: Ghalibaf invites NA Speaker to memorial ceremony-BR

28.     Supreme Court spurns Trump on birthright citizenship-DD

29.     Indus Waters Treaty: Meaningful engagement with India requires reciprocity: Dar-BR

30.     Govt must create conducive environment for dialogue with PTI: Gohar-BR

31.     Raja Nasir submits privilege motion against govt officials-BR

32.     Punjab CM launches ‘green transport revolution’-BR

33.     Punjab launches expansion of eco-friendly transport initiative-DD

34.     SC to hear today appeals in blasphemy cases-TNS

35.     Transition to Riba-free financial system will be gradual: report-TNS

36.     World Day of Parliamentarism: CM Maryam for upholding Constitution, rule of law-BR

37.     Parliament cornerstone of democracy: governor-BR

38.     Senate panel seeks action on high Quetta air fares-DD

39.     Karachiites in for price shock as KWSC set to hike bowser charges-DD

40.     Murad Saeed’s disqualification: ECP bench reserves judgement on Senate seat-BR

41.     PPP, JUIF to form coalition govt in AJK: Bilawal-TNS

42.     COC told Geo News sacked sensitive documentary maker, previewer-TNS

43.     LCCI informed: Karakalpakstan offers vast investment opportunities-BR

44.     Contractor, officials summoned over illegal phosphate mining in Abbottabad-DD

45.     5 policemen arrested over prisoners’ escape in Rawalpindi-DD

46.     Prohibition of chemical weapons: Pakistan hosts three-day forum on peaceful uses of chemistry-TNS

47.     Pakistan to launch first phase of ML-1 from next fiscal-TNS

48.     Parliamentary body asks CDA not to take action against slums in capital-DD

49.     KP cabinet approves commerce, trade statistics rule-BR

50.     LHC CJ inaugurates new digital systems-BR

51.     NHA debt hits Rs3.7tr, deficits top Rs2tr in 10 years: AGP-TNS

52.     1 killed, 6 others injured in suspected drone strike in Peshawar ouskirts-DD

53.     Senate panel wants CDA to give details of expenditure of Parliament Lodges-TNS

54.     Allama Nasir submits privilege motion in Senate-TNS

55.     IHC appoints commission to inspect Bhong interchange project-TNS

56.     KP Senate by-election: ECP reserves verdict on suspension of schedule-TNS

57.     No part of Balochistan beyond state control, claims CM Bugti-TNS

58.     Sindh to digitize scholarship system, reviews allocation of university seats-TNS

59.     LHC upholds death sentence in robbery, murder case-TNS

60.     Commissioner briefed on revenue data digitisation-TNS

61.     Iran prioritises diplomacy with US but remains ready for war: negotiator-BR

62.     Pakistan Hotels Developers files plea as winding-up remains incomplete-BR

63.     Ingredion closes $165m sale of Rafhan Maize control to Nishat-led consortium-PPT

64.     Govt seeks feedback on draft Data Governance Policy 2026-PPT

65.     PTA income falls 62% amid years-long delay in 5G spectrum auction-PPT

66.     Pakistan Steel Mills losses surge to Rs246 billion in 15 years, AGP calls for urgent restructuring-PPT

67.     AGP flags Rs3.195 billion unadjusted advances in PBS census spending-PPT

68.     Al Shaheer Corporation’s CEO moves to acquire controlling stake in company-PPT

69.     Finance Ministry makes asset registers mandatory for federal departments -PPT

70.     Govt transfers control of PIA management to buyer consortium-PPT

Other international

1.         Qatar reaffirms mediation role in US-Iran talks after meeting with Witkoff-BR

 2.         Kushner, Witkoff arrive in Doha but ‘no direct US-Iran talks scheduled’-TNS

The below news items are extracted after sending yesterday email:

 

(A) Six Newspapers Websites [Business Recorder (BR), Daily Dawn (DD), The News (TNS)

 

(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).

 

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

 

Best regards

Kasbati & Co Team

 


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