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22 October 2025
Author: Asif S Kasbati (FCA, FCMA & LLB)
From: Kasbati & Co <kasbati.co@professional-excellence.com>
Date: Wed, Oct 22, 2025 at 11:20 AM
Subject: DNVC of 22.10.25=28.4.4
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. Tax on deemed income on property: FTO orders probe into bias treatment to taxpayers-BR
2. Threats to SC advocate: LTBA urges CJP to order legal action against FBR officials-BR
3. Impact on growth, inflation, C/A by flooding: IMF paints likely grim scenario-BR
4. FBR faces shortage of chartered accountants for third-party tax auditors-PK
5. RCCI refutes claims on salaried class as top taxpayer-PK
6. PM Shehbaz Welcomes IMF Staff-Level Agreement-PK
Economy & Inflation matters (including Import, Export & CPEC)
1. Aurangzeb projects FY26 GDP growth at 4% despite flood damage-PK
2. September sees $110m surplus after two months-DD
3. Key semiconductor initiative launched in Pakistan-DD
4. Pakistan, Iran revise SRO to strengthen barter trade ties-PK
5. Pakistan trade imbalance with 9 states deepens-DD
6. Farmers win wheat price hike, ask for more-DD
7. Government approves wheat policy 2025-26, sets support price at Rs3,500 per maund-PK
36+ Customs Duty (including PSW)
1. Islamabad Customs to auction 38 confiscated vehicles on October 23, 2025-PK
2. US tariffs take big bite out of Swiss exports
300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. The SBP annual report-BR
2. SBP projects FY26 GDP growth at 4.25%, releases annual report-PK
3. Scams costing 33% more than $7b IMF loan-ET
4. Pakistan’s current account deficit widens 18% in first quarter of FY2025-26: SBP-PK
5. Women’s access to finance expands, says SBP chief-DD
6. Foreign firms repatriate $752m in July-September-DD
7. Foreign investors repatriate $752m from Pakistan in Q1FY26-PK
8. Credit crunch in agriculture-BR
9. C/A slips into $594m deficit in Q1 of FY26-ET
10. Pakistan’s foreign direct investment drops 34% in first quarter of FY2025-26: SBP-PK
11. Capital expenditure: FD notifies new procedure to streamline budgeting & accounting-BR
12. Repatriation of profits jumps 86pc in Q1-BR
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX rallies as investor optimism grows-DD
2. Shares dip, gold retreats as FOMO buying gets reality check-BR
3. China stocks post biggest gain in 6 weeks-BR
4. PSX rallies 1.5% as banking sector leads-ET
5. Rupee registers marginal gain against US dollar-BR
6. Gold extends retreat from record high on profit-booking, trade optimism-BR
7. Gold and Silver Prices in Pakistan – October 21, 2025-PK
8. Cotton spot rates-BR
9. Mills lay hands over quality cotton-BR
10. Moderate business on cotton market-BR
11. Smooth handling of cotton trade: KPT chief vows support to KCA-BR
POL, Gas, other Minerals & Electricity (including Solar & Water)
1. OGRA rejects fuel shortage speculation after consignment delays linked to Sindh cess-ET
2. ‘Situation fully under control’: Ogra rubbishes reports of fuel shortage-DD
3. Sindh cess delays fuel at port, triggers shortage fears-ET
4. Oil maintains gains on supply risks and US plan to refill strategic reserves-BR
5. Edible oil imports: Olive sector promotion helps reduce dependence: Rana-BR
6. SBP recommends major reforms to boost Pakistan’s electricity demand-PK
7. KE says Nepra revision has slashed its tariff by Rs7.6/kWh, ‘will have far-reaching consequences’-DD
8. Business community flags worries over uniform FCA move-BR
9. KE’s revisited tariff: who will end up paying the price?-BR
10. Electricity arrears: Punjab moves CCI against at-source deduction-BR
11. Tariff cut: KE sees consequences for stakeholders, consumers-BR
12. Sept FCA: CPPA-G seeks Re0.37 negative adjustment-BR
13. Electricity arrears: Punjab moves CCI against at-source deduction-BR
14. KE’s revisited tariff: who will end up paying the price?-BR
Weather Updates
The Weather
320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)
276 new dengue cases reported this month in Sindh so far-BR
Other Pakistan
1. New Parliament Lodges Project: NA acting speaker briefed on ongoing construction
2. NA body unhappy over absence of PIACL chief
3. SC judges seek deferral of code changes till 26th Amendment, SJC ruling-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),
(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).
If your Goodself gets this email without Links, please contact us immediately.
Best regards
Kasbati & Co Team
--
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. Tax on deemed income on property: FTO orders probe into bias treatment to taxpayers-BR
2. Threats to SC advocate: LTBA urges CJP to order legal action against FBR officials-BR
3. Impact on growth, inflation, C/A by flooding: IMF paints likely grim scenario-BR
4. FBR faces shortage of chartered accountants for third-party tax auditors-PK
5. RCCI refutes claims on salaried class as top taxpayer-PK
6. PM Shehbaz Welcomes IMF Staff-Level Agreement-PK
Economy & Inflation matters (including Import, Export & CPEC)
1. Aurangzeb projects FY26 GDP growth at 4% despite flood damage-PK
2. September sees $110m surplus after two months-DD
3. Key semiconductor initiative launched in Pakistan-DD
4. Pakistan, Iran revise SRO to strengthen barter trade ties-PK
5. Pakistan trade imbalance with 9 states deepens-DD
6. Farmers win wheat price hike, ask for more-DD
7. Government approves wheat policy 2025-26, sets support price at Rs3,500 per maund-PK
36+ Customs Duty (including PSW)
1. Islamabad Customs to auction 38 confiscated vehicles on October 23, 2025-PK
2. US tariffs take big bite out of Swiss exports
300+ Banking, Finance & Investments (including Monetary Policy, Foreign Exchange, FATF, AML/CFT & NBFC)
1. The SBP annual report-BR
2. SBP projects FY26 GDP growth at 4.25%, releases annual report-PK
3. Scams costing 33% more than $7b IMF loan-ET
4. Pakistan’s current account deficit widens 18% in first quarter of FY2025-26: SBP-PK
5. Women’s access to finance expands, says SBP chief-DD
6. Foreign firms repatriate $752m in July-September-DD
7. Foreign investors repatriate $752m from Pakistan in Q1FY26-PK
8. Credit crunch in agriculture-BR
9. C/A slips into $594m deficit in Q1 of FY26-ET
10. Pakistan’s foreign direct investment drops 34% in first quarter of FY2025-26: SBP-PK
11. Capital expenditure: FD notifies new procedure to streamline budgeting & accounting-BR
12. Repatriation of profits jumps 86pc in Q1-BR
Market (Stock, Currency, Gold, Textile, Cotton & PMEX)
1. PSX rallies as investor optimism grows-DD
2. Shares dip, gold retreats as FOMO buying gets reality check-BR
3. China stocks post biggest gain in 6 weeks-BR
4. PSX rallies 1.5% as banking sector leads-ET
5. Rupee registers marginal gain against US dollar-BR
6. Gold extends retreat from record high on profit-booking, trade optimism-BR
7. Gold and Silver Prices in Pakistan – October 21, 2025-PK
8. Cotton spot rates-BR
9. Mills lay hands over quality cotton-BR
10. Moderate business on cotton market-BR
11. Smooth handling of cotton trade: KPT chief vows support to KCA-BR
POL, Gas, other Minerals & Electricity (including Solar & Water)
1. OGRA rejects fuel shortage speculation after consignment delays linked to Sindh cess-ET
2. ‘Situation fully under control’: Ogra rubbishes reports of fuel shortage-DD
3. Sindh cess delays fuel at port, triggers shortage fears-ET
4. Oil maintains gains on supply risks and US plan to refill strategic reserves-BR
5. Edible oil imports: Olive sector promotion helps reduce dependence: Rana-BR
6. SBP recommends major reforms to boost Pakistan’s electricity demand-PK
7. KE says Nepra revision has slashed its tariff by Rs7.6/kWh, ‘will have far-reaching consequences’-DD
8. Business community flags worries over uniform FCA move-BR
9. KE’s revisited tariff: who will end up paying the price?-BR
10. Electricity arrears: Punjab moves CCI against at-source deduction-BR
11. Tariff cut: KE sees consequences for stakeholders, consumers-BR
12. Sept FCA: CPPA-G seeks Re0.37 negative adjustment-BR
13. Electricity arrears: Punjab moves CCI against at-source deduction-BR
14. KE’s revisited tariff: who will end up paying the price?-BR
Weather Updates
The Weather
320+ Human Resources (including Training, Health, Precautions & Safety - other than above areas)
276 new dengue cases reported this month in Sindh so far-BR
Other Pakistan
1. New Parliament Lodges Project: NA acting speaker briefed on ongoing construction
2. NA body unhappy over absence of PIACL chief
3. SC judges seek deferral of code changes till 26th Amendment, SJC ruling-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),
(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).
If your Goodself gets this email without Links, please contact us immediately.
Best regards
Kasbati & Co Team
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