ISLAMABAD: The Federal Board of Revenue (FBR) has rolled out a Rs36 billion package of new taxes to plug a financial gap triggered by a reduction in sales tax on solar panels and a proposed salary hike for government employees.
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Pakistan, China, Russia push for ceasefire after US strikes on Iranian nuclear sites
ISLAMABAD: Pakistan, China, and Russia are set to present a joint resolution to the United Nations Security Council calling for an immediate and unconditional ceasefire in the Middle East, following U.S. airstrikes on Iranian nuclear facilities.
Pakistan slams US Iran strikes, a day after nominating Trump for Nobel Peace Prize
By Staff Reporter ISLAMABAD Prime Minister Shehbaz Sharif on Sunday denounced US airstrikes on Iranian nuclear facilities as a breach of international law, calling for
Six security personnel martyred, terrorists killed in KP, Balochistan attacks
ISLAMABAD: A wave of violence swept across Khyber Pakhtunkhwa and Balochistan provinces on Saturday, killing six security personnel and at least six militants in shootings, bombings, and police operations, officials said.
IMF rejects Pakistan’s tax rebate plan for educators, researchers
ISLAMABAD: The International Monetary Fund (IMF) has shot down the government’s proposal for a 25% tax rebate for teachers and researchers from July 1, 2025, Federal Board of Revenue Chairman Rashid Mahmood Langrial told lawmakers on Saturday.
Ogra tells fuel firms to hoard stocks, boost imports on Mideast war risk
ISLAMABAD: Pakistan’s Oil and Gas Regulatory Authority (Ogra) on Saturday directed oil marketing companies (OMCs) to hold 20-day fuel stockpiles and import 140 million liters of petrol as the escalating Iran-Israel conflict risks disrupting global oil supplies.
Pakistan slams India’s Shah over ‘brazen disregard’ for Indus Waters Treaty
ISLAMABAD: Pakistan’s Foreign Office on Saturday slammed Indian Home Minister Amit Shah’s ‘brazen disregard’ for international agreements after he said New Delhi would never restore the Indus Waters Treaty with Islamabad, accusing India of violating international law and setting a ‘dangerous precedent’ that risks destabilizing the region over a vital shared resource.
NAB freezes properties of tycoon Malik Riaz in land grab investigation
ISLAMABAD: Pakistan’s anti-corruption agency, the National Accountability Bureau (NAB), has imposed a 15-day freeze on 457 properties nationwide, including those owned by property tycoon Malik Riaz’s son, Ahmed Ali Riaz, and his company, Bahria Town Pvt Ltd, as part of a sweeping investigation into the alleged illegal seizure of government land in Karachi, officials confirmed Saturday.
Pakistan rejects India’s claim it sought ceasefire after tense military standoff
ISLAMABAD: Pakistan has dismissed Indian assertions that its Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar had requested a ceasefire after a tense 87-hour military standoff between the nuclear-armed neighbor last month.
Govt cuts income tax rate to 1pc for salaried workers earning up to Rs1.2 million
ISLAMABAD: The government has cut income taxes for salaried workers, lowering the rate for those earning up to Rs1.2 million annually from 5% to 1%, Finance Minister Muhammad Aurangzeb told the Senate session on Saturday.