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21 October 2025
Author: 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 dismisses senior auditor over Rs238 billion tax fraud case-PK
2. Rs238.421bn mega sales tax fraud: FBR sacks officer over failure to conduct probe-BR
3. AGP unearths doubtful sanction of Rs347m refund by LTO Lahore-BR
4. IMF deal marks stability, not recovery-ET
5. Hard work for inclusive growth begins-ET
6. PRAL, PSW blamed for big import data gap-BR
Economy & Inflation matters (including Import, Export & CPEC)
1. OICCI members contributed Rs2.7 trillion in taxes during 2024-APP
2. OICCI members contributed Rs2.7tr taxes during 2024-TN
3. Meeting discussed enhancing regional trade through connectivity-APP
4. Efforts expedited to make embroidery as vital component of value-added textile sector: FCCI President-APP
5. Govt committed to transform PBS into modern data hub: Ahsan Iqbal-APP
6. Pak-Indonesia business community have pivotal role for boosting economic ties: Ambassador Chandra-APP
7. Large industry grows by 4.44 % during July-August-APP
8. PM Shehbaz for promotion of cottage SMEs to achieve industrial growth-TN
9. Rising impersonation scams threaten digital economy-ET
10. Cottage industries and SMEs: PM ties Pakistan’s industrial future to SME ecosystem growth-BR
11. LSM: Between hope and hard reality-BR
12. KATI welcomes $3 Billion Pakistan-Vietnam trade target-APP
13. Surplus surprises: Don’t celebrate yet-BR
14. Pakistan exported goods worth Rs.2,149,784 million in 1st quarter-APP
15. NA Committee on Commerce launches probe into sugar export, import irregularities-APP
16. ICCI, PSW, DRAP host awareness session on drugs import facilitation-TN
17. IT exports surpass $1 billion mark in Jul–Sep-TN
18. Government approves wheat policy 2025-26, sets support price at Rs3,500 per maund-PK
19. NA panel recommends deregulation of sugar sector to prevent price manipulation, speculative practices-TN
20. Full deregulation of sugar sector recommended-DD
36+ Customs Duty (including PSW)
1. Customs seizes goods worth Rs481.949 mln in anti-smuggling drive-APP
2. Multan Customs seizes smuggled goods worth Rs482 million-PK
3. Port Qasim Shipping Operations Report – Oct 20, 2025-PK
4. Shipping Activity at Port Qasim-APP
460+ Company Laws
Nov 23 by-polls: ECP invites applications for postal ballot votes-BR
300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. Foreign exchange rates-APP
2. Currency rates of NBP-APP
3. NBP Exchange Rates-APP
4. SBP Updates Currency Exchange Rates – October 20, 2025-PK
5. SBP Issues Updated KIBOR Rates – October 20, 2025-PK
6. Pakistan’s foreign direct investment drops 34% in first quarter of FY2025-26: SBP-PK
7. Foreign direct investment in Pakistan dives 34% to $568.8mn in FY26’s Q1-BR
8. SBP joins hands with IFC to expand local currency financing, support private sector growth-TN
9. Pakistan’s current account deficit widens 18% in first quarter of FY2025-26: SBP-PK
10. SBP and IFC collaborate to boost local currency financing in Pakistan-PK
11. SBP, International Finance Corporation ink deal to boost local currency financing in Pakistan-DD
12. SBP, IFC ink agreement to boost local currency financing in Pakistan-TNS
13. September sees $110m surplus after two months-DD
14. Pakistan’s current account posts $110mn surplus in September 2025-BR
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX gains 2,436 points to close at 166,242-APP
2. PSX rallies 1.49% as banking sector leads recovery-ET
3. PSX upbeat on ceasefire confirmation, IMF staff-level agreement-TNS
4. Ceasefire triggers 2,436-point rally on PSX-DD
5. KSE-100 index jumps 2,437 points as Pak-Afghan ceasefire boosts investor confidence-PK
6. Stock market gains 2,436 points-TN
7. Rupee gains 03 paisa against US Dollar-APP
8. Kerb currency market-APP
9. Exchange Rates For Currency Notes-APP
10. Latest Currency Exchange Rates in Pakistan – October 21, 2025-PK
11. US Dollar to Pakistani Rupee Exchange Rate Today – October 21, 2025-PK
12. Gold price falls by Rs1,400 to Rs444,900 per tola-APP
13. Gold and Silver Prices in Pakistan – October 20, 2025-PK
14. Gold drops Rs1,400 per tola in Pakistan, silver also slips-ET
15. Gold’s record run pauses as investors book profits-BR
16. Pakistan govt set to resume jewellery trade after months of delay-BR
17. Gold prices extend decline as global rates drop and strong dollar weighs on demand-TN
18. Pakistan Gold today price & History with search of any date
19. Pakistan Silver today price & History with search of any date
20. World Gold & SIlver Prices Live and Gold Price World Price History
21. World Silver & Gold Price Live and Silver History (USD)
22. Cotton spot rates-BR
23. Moderate business on cotton market-BR
POL, Gas, other Minerals & Electricity (including Solar & Water)
1. Govt constitutes POL Monitoring Cell to avoid fuel shortage-TN
2. Nationwide fuel shortage feared as Sindh imposes infrastructure cess on oil imports-ET
3. US natural gas prices surge-BR
4. EU agrees to gradually end Russian gas imports by January 1, 2028-BR
5. Industrial production boost: Power Division directed to craft comprehensive policy-BR
6. IESCO recovers Rs6842.7m from defaulters-BR
7. Decisions on KE: Nepra issues determinations on review motions-BR
8. Industries: FPCCI urges govt to roll out incremental power package-BR
Weather Updates
1. The Weather-BR
2. Dry weather forecast for Islamabad on October 21, 2025-PK
320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)
1. Five killed, 27 injured in Haripur accident-BR
2. Four killed in clash over cutting of tree in Shikarpur-BR
3. Higher fees of private medical, dental colleges irk NA panel-BR
Other Pakistan
PIA gearing up for direct US flights, says aviation minister-DD
Other International
1. Khamenei tells Trump to ‘keep dreaming’ over claims of destroying Iran nuclear sites-BR
2. Gaza’s civil defence says four killed by Israeli fire-BR
3. Iran, Afghanistan and Russia: SRO amended to smoothen mechanism for barter trade-BR
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).
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Kasbati & Co Teamgoogle.com/d/
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