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DNVC of 26.12.25=5.7.47

26 December 2025

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

From: Kasbati & Co <kasbati.co@professional-excellence.com>
Date: Fri, Dec 26, 2025 at 10:12 AM
Subject: DNVC of 26.12.25=5.7.47

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 cracks down on healthcare tax evasion-DD

2.             IHC decries ‘institutionalised manipulation’ within FBR-TN

3.             Income Tax Deduction on Payments for Goods and Services in Tax Year 2026-PK

4.             Tax Deduction at Source Under Section 151A: Investors Must Know-PK

5.             Tax Deduction on Exports in Pakistan: FBR Rules for 2026-PK

6.             Tax Deduction on Export of Services in Pakistan – FBR 2026 Guidelines-PK

7.             Tax Deduction on Payments to Non-Residents: FBR Guidelines for Tax Year 2026-PK

8.             Menace of sales tax fraud: FBR fails to implement suggestions of FTO-BR

9.             FTO denies tax relief on deemed income from immovable properties-BR

10.          CTO Lahore recovers Rs2.65 billion from taxpayer in major enforcement drive-PK

11.          Cement manufacturers: FY25 Federal Excise Duty collection rises 101.8% YoY: FBR-BR

12.          Commerce ministry invites tariff-related budget proposals for FY 2026–27-PK

 

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

14.          Global forest products trade, production show signs of recovery in 2024: UN agency-DTS

15.          CM vows to turn province into ‘minority-friendly Punjab’-BR

16.          Pakistan has regained global spotlight in 2025: US magazine-BR

17.          ADB, govt sign projects worth USD730m-BR

18.          Transparency in wheat subsidy system imperative: Saleem Memon-BR

19.          Has the economy reached a positive turning point?-ET

20.          QCCI members briefed about PHDEC’s Food Safety Certification Project-BR

21.          Pakistani rice and food products gain ground in Chinese market-DTS

22.          CPEC media forum convenes-TNS

23.          9th CPEC Media Forum calls for stronger China-Pakistan media cooperation to advance CPEC 2.0-TN

24.          Pakistan urged to align clean energy transition with industrial growth, export needs-TNS

25.          Intel shares fall on report Nvidia halts production test-TNS

26.          NA body calls for transparency, accountability in sugar market-TN

27.          Chinese yuan strengthens against dollar, hits highest level since Sept 2024-TNS

28.          AI data centres are forcing dirty ‘peaker’ power plants back into service-TNS

29.          New PIA owners eye full ownership after Rs135bn majority stake deal-TNS

30.          Fauji Fertiliser becomes part of Arif Habib Consortium in PIA privatisation-TNS

31.          How investors buy gold and what fuels the market-TNS

32.          US weekly jobless claims fall, but more people collecting unemployment cheques-TNS

33.          Pakistani rice, food products gain ground in Chinese market-TN

34.          Pakistan rice exports plunge 49% during first five months of FY26-PK

 

36+ Customs Duty (including PSW)

1.             Ports face cargo chaos despite end of transporters’ strike-BR

2.             Goods transporters hike freight rates sharply after strike, KCAA raises alarm-PK

3.             Daily Cargo Operations at Port Qasim — December 25, 2025-PK

 

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

1.             Pakistan, ADB sign $730m agreements for power infrastructure, SOE transformation-APP

2.             Pakistan, ADB sign two key initiatives worth $730m in power, state-owned enterprises sector-DD

3.             Pakistan, ADB sign $730 million agreements for power infrastructure and SOE reforms-PK

4.             Pakistan, ADB sign $730m deals for power infrastructure, SOE transformation-DTS

5.             Pakistan, ADB sign $730m agreements for power infrastructure, SOE transformation-TNS

6.             Pakistan, ADB sign $730m agreements for power infrastructure, SOE transformation-TN

7.             FIs (Recovery of Finances) Ordinance: Suit automatically turns into execution proceedings: LHC-BR

8.             As crypto and private credit hit the mainstream, investor risk seen multiplying-TNS

9.             Will Sheikh Al Nahyan invest in Pakistan?-TNS

10.          Syria to start currency swap on January 1, central bank governor says-TNS

11.          Global investment banks raise S Korea’s 2026 inflation outlook amid weak currency-TN

12.          Global forest products trade, production show signs of recovery in 2024: UN agency-TNk

 

13.          Government borrowing reverses course-DD

 

 

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

1.             PSX sheds 243 points to close at 170,830 points-APP

2.             PSX sheds 243 points to close at 170,830 points-TN

3.             Asia stocks rise to six-week high; precious metals on a tear-BR

4.             S&P 500, Dow hit all-time closing highs-ET

 

5.             Pakistan Open Market Currency Exchange Rates — December 25, 2025-PK

6.             Rupee gains 01 paisa against US Dollar-APP

7.             Rupee gains 01 paisa against dollar-TN

 

8.             Spot silver extends rally to hit $75 per ounce for first time-BR

 

9.             Gold prices surge to record Rs472,862 per tola-TN

10.          Gold hits record high on safe-haven demand, Fed rate-cut bets-BR

11.          Gold production in Russia rises 5.6% in November-DTS

12.          Pakistan Gold today price & History with search of any date

13.          Pakistan Silver today price & History with search of any date

 

14.          World Gold & SIlver Prices Live and Gold Price World Price History

15.          World Silver & Gold Price Live and Silver History (USD)

 

16.          Platinum hits record high on tight supply, EU combustion-engine ban reversal-BR

 

17.          Pakistan makes SBP security deposit mandatory for cotton exports-PK

18.          Increase in cotton production must for national economy: secretary-DTS

 

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

1.             Oil and Gas Development Company Limited: performance and outlook-BR

2.             BR RESEARCH: Oil glut could deepen-BR

3.             Major Gulf markets subdued on soft oil prices-DTS

 

4.             Russia delays LNG output target due to sanctions-DD

 

5.             FESCO’s line losses reduced to 4.99% this year-BR

6.             Govt seeks details of working capital facilities availed by Halmore Power since 2010-BR

7.             800MW of electricity to be allocated for transmission in auction-ET

8.             CTBCM: market liberation or subjugation in an ailing sector?-BR

9.             Sindh's unpaid power bills total up to Rs724m-ET

10.          Discos halt new net metering registrations as Nepra seeks explanation-TN

11.          PM approves framework for comprehensive National Energy Plan-TN

12.          Climate change, debt and power costs push Pakistan to rethink industrial energy-TNS

 

Weather Updates 

1.             The Weather-BR

2.             Cool, dry weather likely-BR

3.             Islamabad Weather Forecast for December 26, 2025-PK

4.             Cold, dry forecast-TNS

 

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

1.             Bilawal inaugurates Indus University Hospital-BR

2.             ANF seizes over 304kg of drugs in nationwide operations-BR

3.             Huge quantity of illicit drugs, weapons seized in ICT-BR

4.             Free, quality healthcare for all at heart of PPP manifesto: Bilawal-TNS

 

5.             Legend Trust Fraud Scheme: Sindh Anti-Corruption Dept arrests prime suspect-BR

6.             Azma pays tribute to the Quaid-BR

 

7.             ICMA unveils 32-point national reform blueprint for Pakistan-TNS

8.             China, Pakistan sign MoUs to deepen industry education training-DTS

 

Other Pakistan

1.             Sim owners responsible for illegal use, warns PTA-DD

2.             IBO operations: Ten including ring leader of terrorists killed-BR

3.             CDF interacts with Christmas congregation-BR

4.             Kashmiris mark Quaid’s birth anniversary with great enthusiasm and devotion-BR

5.             Message on Quaid’s birth anniversary: President for unity, democracy and justice-BR

6.             Quaid’s birth anniversary marked in impressive manner-BR

7.             Quaid-e-Azam’s leadership guiding light for us: FPCCI VP-BR

8.             15 foreigners arrested as NCCIA busts ‘international cartel’ involved in $60m cyber fraud-BR

9.             International online investment fraud network: Minister commends NCCIA for carrying out operation-BR

10.          PM Shehbaz extends heartfelt Christmas greetings to Christian community-PK

11.          Stakeholders back PIA sale, call for divestment of other SOEs-DD

12.          Asian shares are mixed after US stocks drift to more records-DTS

13.          Chinese-made pH4 approved for sale in Pakistan-DTS

14.          PM sends advice to AJK president-TNS

15.          Pakistan assures minorities of full support as Hindu vigilantes target Xmas celebrations in India-TNS

16.          RCCI lauds govt for successful PIA bidding-TNS

17.          ECP postpones Quetta LG polls following FCC order-TNS

18.          Madrassa students urged to play active role in practical field-TNS

19.          Opposition signals readiness for talks as govt questions Imran’s credibility-TNS

20.          Bangladesh PM hopeful Rahman returns from exile ahead of polls-TNS

21.          KP govt moves to make advertising system more transparent-TNS

22.          Longer weekend ahead as Friday a holiday-TNS

23.          Holding woman’s hand, pulling her, saying ‘I love you’ amounts to outraging her modesty: Chhattisgarh HC-TNS

24.          Punjab CM reaffirms minority rights at Christmas celebrations-TNS

25.          Speakers link population dynamics to national security-TNS\

26.          Leadership training programme for women journalists-TNS

27.          KP CM opposes military operation in Tirah Valley-TNS

28.          Tajik forces kill three terrorists after border infiltration from Afghanistan-TNS

29.          Shahzad Akbar says injured in assault at Cambridge home-TNS

30.          LG polls: PTI seeks extension in deadline for filing nomination papers in capital-TNS

31.          PM Shehbaz pays tribute to Quaid-e-Azam on his 149th birth anniversary-TN

32.          Change of Guard ceremony held at mausoleum of Quaid-TN

33.          Pakistan winner of US foreign policy driven by Trump’s personal affinity for CDF Asim Munir-TNS

34.          People desire a free, prosperous Pakistan not injustice: PTI-TNS

35.          Peshawar church attack haunts Christians at Christmas-TNS

36.          ‘Minorities enjoy equal rights in Pakistan’-TNS

37.          CCD officers visit churches-TNS

38.          Innovation showcased at science festival-TNS

39.          Pakistan belongs to all citizens irrespective of faith: PM-TN

40.          Alhamra pays tributes to Quaid-e-Azam on his 149th birth anniversary-TN

41.          Bethlehem celebrates first festive Christmas since Gaza war-TN

42.          Maryam Nawaz grants helmet law exemption to Sikh riders, expands minority welfare scheme-TN

43.          Federal Government announces public holiday in Islamabad on December 26-TN

44.          Pope Leo urges ‘courage’ to end Ukraine war in first Christmas address-TN

45.          ECP defers Quetta local Government Elections following court intervention-TN

46.          Former SAPM Shahzad Akbar assaulted in UK, police probe underway-TN

47.          Sindh launches Bhutto STEM Scholarship for Oxford-bound students-TN

48.          Khalid Hussain Magsi hails Quaid-e-Azam’s guiding principles-TN

49.          Khawaja Asif says PTI founder seeks talks only with establishment-TN

50.          Pakistan, ADB sign $730m agreements for power infrastructure, SOE transformation-TN

51.          PTA declares use of SIMs registered in others’ names illegal-TN

52.          Maryam Nawaz vows zero tolerance for minority rights violations in Punjab-TN

53.          State’s fundamental responsibility to protect poor: Bilawal-TN

 

Other International

1.             Japan revises up growth outlook on stimulus-ET

2.             Thailand’s exports growth quickens to 7.10pc in Nov-TN

3.             India announces reforms to simplify import checks as it eyes US trade deal-TNS

4.             Japan PM reassures markets with fiscal discipline in next year’s budget-TNS

5.             Russia expects 5pc drop in steel output in 2025-TN

6.             Chinese yuan strengthens, exchange rate against dollar hits highest level since Sept 2024-TN

7.             UK tech campaigner sues Trump administration over US sanctions-TNS

8.             What 2025 taught us-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).

 

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

 

Best regards

Kasbati & Co Team

 


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