Monitoring Report

Headlines

Court upholds Islamabad High Court verdict, ruling that dividend income falls exclusively under Section 5 of Income Tax Ordinance 2001

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Senate panel told some Balochistan-domiciled staff receive 25% risk allowance despite serving outside the province.

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Two sub-committees will finalise the sale price, payment plan, dividend treatment, legal agreements and transfer of management control

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PASSCO holds 1.7 million tonnes, while wheat and flour prices have risen about 6% and the government may import 500,000 to 1 million tonnes 

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Remittances surged 78% as IT freelancers earned $1.16 billion and non-IT earnings jumped 188% to $592 million.

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Two former Fesco chief executives and a company director have been arrested, while the remaining accused have been placed on the Exit Control List.

Headlines

Pending list includes cancer drugs, insulin, antibiotics and emergency medicines, leaving patients reliant on costly imports or unregulated supplies.

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Gwadar Port handled a new transshipment as M/V Jahan Brothers II berthed with 53,064.660 tonnes of prime steel billets bound for the UAE. The cargo will be temporarily stored before onward shipment, showing Gwadar’s role as a safe trade hub.

Automobile

Summary sent to Finance Division after the 8.5% concessional rate expired and a 25% tax took effect from July 1.

Headlines

The 342kW projects will benefit more than 7,000 people, while 10 additional schemes with 2,445kW capacity are expected to be completed by year-end.

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Petrol and diesel prices will be revised only on working days under the new daily system, while officials say fuel pricing has not yet been deregulated.

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Sindh will maintain around 9,000 cusecs through Pat Feeder Canal after Balochistan reported receiving 46% less water than its allocated share.