The Federal Board of Revenue has introduced sales tax invoice requirements for registered businesses that collect advance payments for supplies. Business Recorder reported that SRO 2063(I)/2026 changes the Sales Tax Rules, 2006, requiring an invoice when each advance instalment is received and tax to be declared for that period.

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    The Federal Board of Revenue has introduced sales tax invoice requirements for registered businesses that collect advance payments for supplies. Business Recorder reported that SRO 2063(I)/2026 changes the Sales Tax Rules, 2006, requiring an invoice when each advance instalment is received and tax to be declared for that period.

    Souq7, the open-air, mixed-use market destination in Jeddah, developed by Azad Properties, has received the Special Jury Award in the Urban Regeneration category at the MAPIC Awards 2026, presented in Cannes before the global retail real estate industry. This marks a milestone for Souq7 as the first Saudi project to receive such a global award.

    The Competition Commission of Pakistan has cleared a joint venture involving Nestlé and Platinum Equity after its initial review, Business Recorder reported on November 7, 2026. The arrangement covers Nestlé’s waters and beverages business in several jurisdictions, including its bottled-water operations in Pakistan.