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A legal challenge is brewing in Pakistan as the Punjab government’s decision to impose sales tax on commercial property rentals faces scrutiny. The move has been criticized as double taxation, as the same rental income is already subject to federal income tax. This new provincial tax, enacted under the legislative authority granted by the Eighteenth Amendment, has opened a constitutional debate on whether a single income stream can be taxed by both federal and provincial governments, setting the stage for a new round of litigation.

The National Accountability Bureau (NAB) has launched a new digital system to combat real estate fraud in Pakistan. This secure online platform offers a centralized database for verifying property records, including NOC status, ownership details, and approved plans. Users can check plot information with a few clicks, receive an official verification document, and protect themselves from scams like fake documentation and unauthorized allotments. This initiative by NAB aims to enhance transparency and security in the property market.

Hyundai Pakistan is celebrating Independence Day with an exclusive offer that makes its popular hybrid vehicles more accessible. The promotion, valid until August 31, 2025, allows customers to purchase the Elantra Hybrid, Tucson Hybrid FWD, and Santa Fe Hybrid through easy monthly installments with a low down payment. This limited-time deal also includes one year of free comprehensive insurance.

The Capital Development Authority (CDA) has declared 99 housing societies in Islamabad illegal, leaving thousands of investors in a state of crisis. The move, aimed at enforcing urban planning laws, targets schemes operating without proper approvals, often in Zones 3 and 4. Many of these projects are accused of selling plots without legal standing or infrastructure. While the CDA has not released an official list, a partial list of 35 illegal societies has emerged, highlighting the widespread nature of the issue.

The “Mera Brand Pakistan” Expo, a national initiative by the Lahore Chamber of Commerce and Industry (LCCI), will take place on August 14 and 15 to promote local industries, boost economic self-reliance, and build public trust in Pakistani-made products. The event, held at the Lahore Expo Centre, will feature a wide range of goods and provide a platform for SMEs and youth entrepreneurs to showcase their products to local and international buyers.

Dubai-based digital bank Mashreq is set to complete a $100 million expansion in Pakistan by the end of 2025, focusing on digitizing workers’ remittances, supporting SMEs with a dedicated platform, and promoting financial literacy for youth. The bank, currently in a pilot phase, is leveraging its global experience and a digital-only model to fill the gap in Pakistan’s untapped online banking market.

Punjab is launching an innovative interest-free electric taxi scheme in August 2025. This initiative aims to promote sustainable transport, empower individuals, and combat climate change by distributing 1,100 e-taxis with significant government support.

The State Bank of Pakistan (SBP) has mandated a two-day maximum turnaround time for new bank account openings and pushed for widespread digital payment acceptance. This bold move aims to significantly boost financial inclusion and enhance customer experience across Pakistan, building on recent successes that saw the country’s financial inclusion rate reach 60% in 2023. Banks are now required to simplify processes, offer digital account opening, and ensure merchants are equipped with digital payment solutions like Raast QR and POS terminals.

Pakistani gold prices have sharply declined by PKR 8,500 per tola in just three days. On Saturday, 24 karat gold traded at PKR 356,400 per tola, following a PKR 300 drop from Friday. This significant downturn, mirrored in both local silver prices and international precious metal markets, marks a notable shift for investors and consumers.