SuperNews 20-10-2026 (Judgments – IMF Tax Rationalization Directions – PM Directions – ST Enforcement Measures & Restructuring – US-Pak Bilateral Trade – Export Growth Facilitations – CVs – HR)

The following topics can be found in their own Tax Law posts:

1.      SHC Judgment [ITRAs 393-394 -24] 19-10-2026 Vs CIR – Sec 116A ITO Comp – Non-Declaration of Foreign Income & Assets – Penalty Challenged – Mens Rea – (2026) 134 TAX 221 SC – Dismissed

2.      SHC Judgment [CPs 5721 6476 -26] 9-10-2026 OMC Vs FBR – S 40B STA – Posting FBR Officers at Buss Premises for Monitoring – Extension – 2018 SCMR 1544 – 2025 SCMR 2016 – Allowed

3.      ATIR Order [ITA 405 -17] 31-8-2026 CIR Vs CIRA – PVC Pipes Manu – Secs 122(5A) & 111 128(5) 153 – Suppression of Sales – Claim of Tax Deduction – 2013 PTD Trib 900 – 2022 PTD 1411 – Dismissed

4.      ST General Order STGO No 28 of 2026 Application of ST at the Rate of Rupees Five per Unit of Electricity Consumed by Iron and Steel Manufacturers (Melters, Re-Rollers and Composite Units)

5.      Cus Val 2112 of 2026 Tyres & Tubes-II (Light Truck and Trucks-Bus) 

6.      Cus Val 2113 of 2026 Stapler Machines

7.      Cus Val 2114 of 2026 Infusions Giving Sets

8.      Cus Val 2115 of 2026 Phenyl Ethyl Methyl Ether 

9.      Cus Public Val 69 of 2026 Carbon Steel Seamless Pipes 

10.   Cus Public Val 70 of 2026 Coal Sets

The following topics are included in the given attachment:

11.   IMF CALLS FOR PAKISTAN TO RATIONALISE TAX CONCESSIONS, BRING UNDER-TAXED SECTORS INTO NET: DIRECTOR IMF SAID PAKISTAN HAS MADE “IMPORTANT PROGRESS” TOWARDS RESTORING MICROECONOMIC STABILITY

12.   CRACKDOWN ON CORRUPTION ORDERED: NO UNDER-PERFORMANCE WILL BE TOLERATED, PM WARNS FBR

13.   PM WARNS AGAINST RESISTANCE TO FBR REFORMS

14.   GOVT CONSIDERS DEDICATED SALES TAX ZONES IN FBR, EXPANDED POWERS FOR CHAIRMAN: PROPOSED RESTRUCTURING WOULD STRENGTHEN SALES TAX ENFORCEMENT, ALLOW GREATER AUTHORITY OVER APPOINTMENTS AND DISMISSALS, AND ADDRESS REVENUE LEAKAGES

15.   INDUSTRY CALLS FOR EASIER RULES AS FBR URGES EXPORT GROWTH

16.   PAKISTAN, US DISCUSS ACCELERATING BILATERAL TRADE NEGOTIATIONS: HIGH-LEVEL DIALOGUE FOCUSES ON EXPANDING MARKET ACCESS, AGRICULTURAL EXPORTS, MINING INVESTMENTS, AND REGIONAL COMMERCIAL CONNECTIVITY

17.   COUNTRYWIDE PEN-DOWN STRIKE CALL: FBR SUSPENDS TWO SENIOR IR OFFICIALS

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