Fiscal Reforms - Madzine

Saturday, June 7 2025

Fiscal Progress: Pakistan’s Tax Collection Reaches New High

Business Desk April 7, 2025

Provincial government employees’ tax payments nearly triple to PKR 56 billion, highlighting a dramatic increase across all sectors Salaried Workers […]

Is Pakistan’s Economy Turning A New Leaf?

Business Desk February 10, 2025

Since the strongly contested elections held on February 8 last year, Pakistan’s economy has faced its fair share of challenges. […]

Investing in Pakistan: $12.7bn Rollovers to Drive Growth

Web Desk September 20, 2024

According to the Finance Division, Pakistan’s external debt obligations are projected to surpass $100 billion between fiscal years 2025 and […]

Indus Motors Company Loses Embezzlement Appeal, Executive Acquitted

May 30, 2025 Nizam Khaskheli

In a significant blow to M/s Indus Motors Company Limited, the High Court of Sindh at Karachi today dismissed its appeal to overturn the acquittal of former senior executive Tariq Mehboob Cheema. Mr. Cheema, accused of criminal breach of trust and fraud causing losses of over Rs. 8.5 million, has been fully acquitted, with the […]

News

Priyanka Devi Acquitted in U.S. Visa Fraud Case: Court Cites Legal Flaws

May 30, 2025 Nizam Khaskheli

Today, the High Court of Sindh at Karachi acquitted Ms. Priyanka Devi of a conviction under Section 471 of the Pakistan Penal Code (PPC), which pertains to using a forged document as genuine. The decision overturns an earlier judgment by the Additional Sessions Judge-II, Karachi (South), which had upheld Ms. Devi’s conviction but altered her […]

News

Beach Luxury Holdings merger greenlit by High Court

May 29, 2025 Nizam Khaskheli

In a significant move for the Pakistani corporate landscape, the High Court of Sindh, Karachi, has sanctioned a complex Scheme of Amalgamation involving Beach Luxury Holdings (Pvt.) Ltd. and its associated companies, Spencer & Company (Pvt.) Ltd. and Physons (Pvt.) Ltd.. The order, issued on April 24, 2025, by Justice Adnan Iqbal Chaudhry, approves a […]

Business

National Foods Limited wins customs duty and sales tax exemption

May 28, 2025 Nizam Khaskheli

In a ruling that could ease the path for industrial development within its Special Economic Zones (SEZs), the High Court of Sindh at Karachi has sided with National Foods Limited, overturning earlier decisions that denied the company customs duty and sales tax exemptions on imported prefabricated building structures. The judgment, issued on May 12, 2025, […]

News

ICI Pakistan reprimanded as court rejects photocopy evidence

May 27, 2025 Nizam Khaskheli

In a significant ruling handed down on February 17, 2025, the High Court of Sindh at Karachi dismissed an application by ICI Pakistan Limited (now Lucky Core Industries Ltd.) to introduce secondary evidence in a 2015 lawsuit seeking to recover over Rs. 26.5 million from Al Abid Silk Mills Limited. The court’s decision hinged on […]

News

Porsche wins $1.9M suit against Performance Automotive

May 26, 2025 Nizam Khaskheli

In a significant decision for international commerce and arbitration, the High Court of Sindh at Karachi has recognized and moved to enforce a foreign arbitral award in favor of Porsche Middle East and Africa FZE against Performance Automotive (Pvt.) Ltd.. The judgment, issued on May 19, 2025, by Justice Muhammad Osman Ali Hadi, underscores Pakistan’s […]

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