Monitoring Report

Headlines

Outgoing envoy meets Commerce Minister Jam Kamal Khan; both sides review PTA implementation and 15 agreements signed in recent years

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Court upholds Section 4C of Income Tax Ordinance, vacates interim stays; rules Parliament had constitutional authority to impose levy

Headlines

Duties range from 17.70% to 37.30%, effective for four months following complaint by Engro Polymer & Chemical Limited

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PALSP proposes Rs35/kwh sales tax for non-compliant units, Rs5/kwh for compliant ones; FBR to review levy after six months

Headlines

AGP report flags irregularities at BISP, Bait-ul-Mal and EOBI for FY2024-25; Rs1.45 billion already recovered

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KP releases wheat at Rs4,480 per maund against Punjab's Rs3,800; critics warn of hoarding, cross-border leakage as PASSCO subsidy burden grows

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Petroleum Division presents framework for crude, product reserves; earlier 2006 and 2023 plans failed to materialise

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Concept paper covers foreign scholarships, senior consultants and language courses for BS-17 and above officers

World Business News

CSX, Alphabet and Booz Allen Hamilton among firms adding staff; jobless claims hit lowest level since 1969

Headlines

Over a dozen suspected terrorists blocked N-40 highway at Nokcha before intercepting and torching the tankers

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Provincial Cabinet approves guidelines to curb unnecessary spending, boost revenue collection and strengthen internal accountability

Headlines

Months-long conflict cripples informal trade routes, cutting off dollar inflows for small traders and manufacturers who relied on hundi and hawala channels; dollar outflows to crypto trading fell from $4 billion to $3 billion this year