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20 December 2025
Author: Asif S Kasbati (FCA, FCMA & LLB)
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. Why Taxpayers Must Understand the Role of FBR’s Commissioner (Appeals)-PK
2. PM hails FBR’s anti-smuggling drive, orders action against tax evasion-DTS
3. Simplification of Pakistan’s income tax system—I-BR
4. LTO Karachi reports unprecedented 475% surge in stock market CGT collections-PK
5. LTO Karachi achieves record Rs1.27 trillion tax collection in 5MFY26-PK
6. EDITORIAL: The cost of capitulation-BR
7. Provisional Tax Assessment in Pakistan: What You Should Know-PK
8. PM Shehbaz directs FBR, provinces to launch crackdown on illegal petrol pumps-PK
9. OPINION: Growth model and IMF conditionalities — III-BR
10. Govt seeks IMF concessions-ET
11. IMF warns vested interests could derail Pakistan reform program-PK
12. PIDE holds IMF’s dialogue on Pakistan’s economic path after EFF second review-APP
13. IMF acknowledges improvements in economic indicators but warns macroeconomic vulnerabilities persist-TN
Economy & Inflation matters (including Import, Export & CPEC)
1. ECC okays key financial, development, social sector proposals for FY2025-26-TN
2. NA panel opposes CDA’s uplift charges-BR
3. In decline-DD
4. CM approves Rs9.282bn for development of Karachi’s industrial areas-BR
5. 6-month internship: PEC conducts digital balloting for GET Placement Programme-BR
6. Pakistan targets January for inaugural panda bond tranche, says finance ministry-DD
7. International Finance Corporation to provide technical support to CDA for three water, sewage projects-DD
8. PIDE holds IMF’s dialogue on Pakistan’s economic path after EFF second review
9. Shipping Activity at Port Qasim-APP
10. PCSIR, marble sector form technical working group-ET
11. PM welcomes Australia mining interest-ET
12. National drive towards digitisation gathering strong momentum: Finance minister-TN
13. China steps up efforts to mediate Cambodia-Thailand conflict: Guo Jiakun-APP
14. Pakistani scholar stresses multilateral cooperation at ‘Global Security Governance’ symposium in China-APP
15. Finance minister says govt committed to facilitating private sector-led growth-TN
16. SIAL, Qatar Airways celebrate National Day of Qatar-TN
17. PTCL showcases long-term digital infrastructure vision at Connect 2025-TN
18. Jam Kamal vows to resolve issues of Chaman businessmen-TN
19. Ground-breaking of Karachi to Rohri section of ML-I likely to be held in July-TN
20. LHC refuses to halt tribunal proceedings in Rs155m poultry cartel case-TN
21. NFC Award mechanism can be amended to provide funds to GB, AJK: Ahsan-TN
22. SAPM holds meeting with reps of Chaman Chamber-TN
23. SPEL, UET Lahore sign MoU to establish Chair on Polymer Sustainability and Circularity-TN
24. PC directed to provide list of all foreign properties of PIACL to Senate panel-TN
25. Chaman traders demand border reopening-DTS
26. Big industry output surges 8.3pc in October-DD
27. Jul-Oct FY26: LSM sector posts 5.02% growth YoY-BR
28. Large-scale manufacturing grows by 8.33pc
29. Large-scale manufacturing grows by 8.33pc-APP
30. Mobile phone imports soar 40% in early FY26-DTS
31. November decline reduces Pakistan’s textile exports growth to 2.73% in 5MFY26-PK
32. DPM chairs meeting regarding IT exports-APP
33. Weekly inflation rises 3.7pc-DD
34. Weekly SPI inflation up 0.24pc-BR
36+ Customs Duty (including PSW)
1. Customs Quetta seizes nine NCP vehicles, smuggled goods-BR
2. Smuggling, illicit trade curbed in a big way: Jul-Nov POL products’ revenue jumps 82pc YoY, PM told-BR
3. Pakistan Customs, Rangers seize smuggled goods worth millions in Karachi’s Sohrab Goth-PK
4. Quetta Customs impounds nine NCP vehicles in major anti-smuggling operation-PK
5. Port Qasim releases daily shipping activity report for December 19, 2025-PK
6. 9 NCP vehicles, smuggled goods seized-TN
7. Customs seizes nine NCP vehicles, smuggled goods worth Rs121.6 mln-APP
8. PM orders to intensify crackdown on smuggling as petroleum revenue swells 82pc-TN
460+ Company Laws
1. SECP allows Asset Management Companies to invest in GoP Ijarah Sukuk-BR
2. ECP seeks wealth statements of MPs-BR
300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. SBP injects Rs 12.43 trillion in the market-APP
2. SBP injects Rs12.25tr via OMOs after rate cut-ET
3. Pakistan's foreign reserves reach $21.09b, boosted by IMF inflows-DTS
4. SBP Releases Daily Interbank Currency Exchange Rates: December 19, 2025-PK
5. OPINION: 11th NFC: challenges, hopes & solutions —I-BR
6. Pakistan targets January launch of USD1bn Panda Bond programme-APP
7. Big central banks signal rate-cut cycle is ending-ET
8. Ishaq Dar urges efforts to promote IT industry-ET
9. Pakistan to launch $250M Panda bond in january-DTS
10. Easypaisa marks one year of digital banking, announces global remittance partnership-TN
11. Irfan Siddiqui Center for Advancement of Islamic Finance opened at NIPA-TN
12. Engro executes Rs133b transaction entirely through Islamic financing-TN
13. Finance minister reviews sectoral issues with telecom, VC firms
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX sees mixed trend as KSE-100 index closes down 556 points-PK
2. PSX falters on external sector woes, profit-taking-DD
3. PSX retreats from fresh all-time high-ET
4. PSX declines 556 points to close at 171,404 points-DTS
5. KSE-100 Index loses momentum, sheds over 550 points-BR
6. Daily open market currency exchange rates in Pakistan – December 19, 2025-PK
7. Double benefit restored for re-hired retirees-DD
8. Rupee gains 01 paisa against US Dollar-APP
9. Kerb currency market-APP
10. Daily gold and silver prices in Pakistan – December 19, 2025-PK
11. Gold prices stay volatile in Pakistan, drop Rs900 per tola-PK
12. Gold prices fall by Rs 900 per tola-APP
13. Gold prices surge by Rs 2,200 per tola-TN
14. Pakistan Gold today price & History with search of any date
15. Pakistan Silver today price & History with search of any date
16. World Gold & SIlver Prices Live and Gold Price World Price History
17. World Silver & Gold Price Live and Silver History (USD)
18. Brokers suffer losses as Karachi Cotton Exchange building remains shut-DD
POL, Gas, other Minerals & Electricity (including Solar & Water)
1. Gas firms back asset-based return-ET
2. Gas sector reforms: Pakistan govt, World Bank discuss roadmap-BR
3. Global LNG: Asia spot prices fall to 20-month low on weak demand-BR
4. World Bank keen to work collaboratively on reforms in LPG sector, capacity building of Ogra-TN
5. Senate panel told: Guddu and Nandipur power plants ready for sell-off-BR
6. Grid generation barely holds up-BR
7. ‘Conditional subsidy’: experts say power tariff cut for industry, agriculture not enough-BR
8. Empirical data cited: Daylight savings plan scrapped-BR
9. K-Electric condemns violent attack on field staff during Kunda removal drive in North Karachi-TN
Weather Updates
2. Punjab weather update: Cold and partly cloudy conditions expected-PK
3. Heavy rain and fog disrupt Pakistan–UAE flight operations, dozens of flights cancelled or delayed-TN
320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)
1. Lahoris endure persistent breathing hazard-ET
2. Workers remain deprived of minimum wage-ET
3. Sindh Cultural Day celebrated at City School Maakli-TN
4. PAC settles all audit paras related to HEC-APP
5. Sindh introduces scooter training initiative to boost women’s mobility-TN
Interesting, Motivational & Exemplary
Welcome the New Year 2026 Complete 05 Basheer Juma
Other Pakistan
1. Sindh govt begins scooty-riding training-BR
2. ETPB-provincial govt disputes do not constitute govt-to-govt case: FCC-BR
3. Islamabad police fails to trace two robbers-BR
4. Chenab River flow stabilises-BR
5. Chaman traders raise Pak-Afghan border trade issues with Commerce Minister-PK
6. Whatsapp adds Instagram-style status drafts-DTS
7. Former NASCAR driver Greg Biffle dies plane crash-DTS
8. PM Shehbaz Sharif strongly condemns attack on camp of security forces in North Waziristan district-APP
9. Rana Mashhood says people reclaimed stolen PML-N seats through by-elections_APP
10. Shehbaz Sharif vows zero tolerance for smugglers-DTS
11. First Lady Bibi Aseefa Bhutto Zardari attended the 5th passing out parade and annual Parents’ Day ceremony of Bakhtawar Cadet College for Girls, where she also addressed the gathering.-APP
12. President pays tribute to soldiers martyred in N Waziristan-APP
13. FCC: oath binds judges to defend Constitution-ET
14. Four troops martyred in Waziristan attack-ET
15. Key PTI leaders convicted in May 9 case-ET
16. Pakistan accuses India of water manipulation-ET
17. Pakistan summons Afghan envoy, issues demarche over North Waziristan attack-ET
18. K-P cabinet approves Rs31b security boost-ET
19. PHC dismisses PTI MNA's petition-ET
20. Trains suspended after Balochistan attacks-ET
21. No talks as govt moves on after PTI committee exits-ET
22. Jailed PTI leaders renew call for dialogue-ET
23. PM Shehbaz launches Autism Centre of Excellence to support special children-TN
24. President reaffirms Pakistan’s gratitude for UAE’s continued support-TN
25. ECP notifies Agha Shahbaz Ali Durrani, Abid Sher Ali as winners of by-polls-TN
26. Book published on Maulana Zafar Ali Khan’s journalistic career-TN
27. Panjtan Group chairman hosts dinner in honour of Senate chairman-TN
28. PM Shehbaz Sharif strongly condemns attack on camp of security forces in North Waziristan district-APP
29. President pays tribute to soldiers martyred in N Waziristan-APP
30. Zeeshan Malik named adviser on political affairs to Punjab CM-TN
31. ECP notifies Abid Sher Ali as Senator after unopposed election-TN
32. Aseefa Bhutto Zardari attends passing-out parade at Bakhtawar Cadet College for Girls-TN
33. Moderate Earthquake jolts parts of Khyber Pakhtunkhwa-TN
34. Lahore–Sialkot motorway closed as dense fog reduces visibility-TN
35. President Zardari meets UAE ambassador, reaffirms strong bilateral ties-APP
36. President felicitates Ambassador Sohail Mahmood on appointment as D-8 SG-APP
37. Governance, Trauma and The Lifelong Scars of Senseless Enforcement-TN
38. Second PESSI Conference on Obstetrics and Gynaecology concludes-TN
39. President Zardari to undertake five-day official visit to Republic of Iraq-APP
40. President pays tribute to soldiers martyred in N Waziristan-APP
41. Pakistan issues demarche to Taliban regime, condemns terrorist attack in N Waziristan-APP
42. Pakistan Study Center at Shandong University officially inaugurated-APP
43. Gaza famine risk eases briefly, but nearly 2 million still face hunger and malnutrition: UN-APP
44. Pakistan urges UN not to be ‘selective’ in implementing resolutions, citing Kashmir & Palestine=APP
45. Kushnarenko nominated for election as member of Presidium of Belarusian People’s Congress-APP
46. Lukashenko: Belarusian People’s Congress session attracted global attention-APP
47. Rana Mashhood says people reclaimed stolen PML-N seats through by-elections-APP
48. itel Home unveils strategic roadmap for 100+ Stores during flagship store visit with Sajal Aly-TN
Other International
1. India's strikes in May breached int'l law: UN experts-ET
2. Trump refuses to rule out war with Venezuela-ET
3. US suspends green card lottery after shootings-ET
4. Trade clash: China files WTO complaint against India-ET
5. Trump won’t rule out war with Venezuela-DTS
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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