Taxation Cell: Tax Consultants & Accountants

30/03/2026

Business & Finance » Taxes
How FBR determines your salary income for return filing 2026
FBR faces major delay in enforcing new tax law Section 114C on economic restrictions
ICMAP proposes consumer lottery scheme to bring retailers into tax net
New task force to fix Pakistan’s tax litigation crisis
Markets » Cotton & Textile
Weekly Cotton Review: Prices surge by Rs1000/maund, likely to soar to Rs20,000
Business & Finance » Money & Banking
ABL strengthens position via risk management, strategic capital allocation and diversification
BOJ says core CPI excluding special factors up in Feb
Banks ask India’s RBI for 3 months to comply with FX position caps, sources say
Markets » Stocks
Stocks dive in Asia, Brent crude heads for record monthly rise
UK’s FTSE 100 closes lower
Wall Street Week Ahead: US jobs data to give economic view for war-gripped markets
Most Gulf markets ease on fears of broader Iran conflict
Business & Finance » Industry
BMP raises concerns over declining exports to EU
Business community leader says concerned at ME tensions
OTCA protests against pipeline quota hike
Central Asian States: Pakistan has potential to raise trade up to USD10bn: PFC
PGECL organises ‘Pakistan Pavilion’ at Alimentaria Business Hall
HCSTSI SG announces March 31 as deadline for renewal of membership
KCCI advises members to renew their membership
Technology
Latest Prices of Apple iPhone 17 Pro Max from March 29, 2026
Apple Discontinues Mac Pro After 20-Year Run as Flagship Desktop
Business & Finance » Companies
PEBS felicitates corporate partner on 70th anniversary
Private credit poses limited systemic risk to broader financial markets despite strains, Barclays says
Demand and risks for global data centre insurance growing: Swiss Re
Chinese fund managers Huaan, HFT Investment to merge, local media reports
Revolut to base 40percent of its global workforce in India by 2026
HBFC appoints Syed Muhammad Talib Rizvi as MD & CEO
KPMG says to cut jobs in UK auditing division
Markets » Financial
Gold per tola gains Rs4,800 in Pakistan
Markets » Energy
Brent heads for record monthly jump as Iran conflict widens
IESCO recovers billions from defaulters
US natural gas futures rise on cooler weather outlook ahead of contract expiry
Saudi pipeline pumping 7 million bpd of oil, bypassing Hormuz, Bloomberg News reports
Motorcyclists expected to get up to 30 liters monthly subsidy
Jet fuel price hits record high in Pakistan amid global oil crisis
Rates
The Rupee: Marginal gains
Futures trade down 92bps
KSE-100 extends weekly losses

24/02/2026

Think foreign companies are leaving Pakistan? Think again.

New data from the SECP shows:
🔹 79 new foreign firms registered (2022–25)
🔹 Only 19 closed
🔹 1,157 total active

The facts paint a very different picture.

Source: Business Recorder

07/02/2026

In its final ruling dated 27.01.2026, the Islamabad High Court, in I.T.R. No.20 of 2019, conclusively resolved the issue in favor of the taxpayer, Shazia Nazir. The Court held that unexplained credit entries in a bank statement—even when left unsubstantiated by the taxpayer—do not, by themselves, constitute “definite information” under Section 122(😎 of the Income Tax Ordinance, 2001, so as to trigger reassessment proceedings under Section 122(5) read with Section 111(1)(d). Relying on the Supreme Court’s precedent in Commissioner Inland Revenue, Lahore Vs. M/s Millat Tractors Ltd. (2024 SCMR 709), the judgment emphasized that proceedings under Section 111 must be formally concluded with an opinion from the Commissioner before any demand under Section 122(5) can be validly raised. Since the tax department had issued a demand under Section 122(5) without first finalizing the Section 111 proceedings, the action was deemed legally unsustainable

18/12/2025

15/10/2025

Date Further Extended till 31-10-2025

11/09/2025

: The Last to Know, First to Be Blamed

Too often, the Finance team is excluded from strategic conversations — only to be called upon when things go wrong.

: “We already approved the raises. Just update the payroll.”
: “We closed a $5M deal. Finance will handle the terms later.”
: “The inventory was moved weeks ago. You needed records?”

Then come the consequences:
🚨 discrepancies
🚨 flow disruptions
🚨 payment delays
🚨 red flags

And suddenly… the spotlight turns:
“Who approved this?”
.
on Finance.

But here’s the truth:
can’t be expected to fix what they were never part of .
It’s time to rewrite the playbook

26/08/2025

Finance is not your janitor. Stop treating it like one.

HR throws bonuses like confetti.
Sales cut margins to close deals.
Procurement rushes orders without clearance.
And then everyone says the same thing:
“Finance will fix it.”

What happens next?
• Budgets implode
• Forecasts turn to fiction
• Margins disappear
• Compliance burns

Then the CFO walks in:
“Who approved this?”
And suddenly—dead silence.

Here’s the real issue:
Finance is looped in after the damage is done.
• Cash flow becomes reactive
• Profitability suffers
• Teams scramble
• Trust erodes

Finance is not a post-event accountant.
It’s your business barometer.

Here’s how we fix it:
• Involve Finance in every money move
• Build financial literacy across teams
• Eliminate surprise spends

No Finance = No Green Light
No Guesswork = No Regrets
No Margins = No Mission

You can’t claim agility if Finance only learns the story at month-end.

Tag the warriors in your Finance team.
They don’t just crunch numbers—they protect your strategy.

Make Finance first. Not an afterthought.

18/06/2025

*New Definition introduced as per Budget 2025-26*
FBR has launched certificate of Eligibility for the purchase of Property and Vehicle. Now every taxpayer is required to get this certificate before making any purchase.