Independent Pakistan – I know what I believe I know

FBR is nearly on tax target — once you use the right number

The tax authorities are on track to meet their annual revenue goal after the government and the IMF revised the target downward by more than Rs1,100 billion earlier this year — a recalibration that renders the “Rs864 billion shortfall” dominating domestic headlines a comparison against figures that no longer govern fiscal policy.

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Power minister Leghari says 86 percent of Pakistani households still on subsidised electricity

ISLAMABAD: Power minister Awais Leghari pushed back on Sunday against what he called a weeks-long misinformation campaign over electricity subsidies, insisting the government was expanding its protected consumer base rather than retreating from it, even as separate negotiations with Chinese power producers under the China-Pakistan Economic Corridor framework remained deadlocked.

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FIA blocks nearly 40,000 passengers in crackdown on human smuggling last year

ISLAMABAD: The federal immigration authority blocked nearly 40,000 passengers from boarding scheduled flights last year, part of an aggressive and expanding enforcement campaign that officials say has disrupted criminal smuggling networks and reduced the number of Pakistanis dying on illegal migration routes to Europe and the Middle East.

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Trump seeks tougher terms on Iran’s uranium stockpile, sending negotiators back to table

ISLAMABAD: US President Donald Trump has sent his negotiators back to the table with Iran after rejecting the draft terms of a potential ceasefire deal, demanding stronger language on the disposal of Tehran’s enriched uranium stockpile and the reopening of the Strait of Hormuz — in a move that risks prolonging one of the most dangerous standoffs the Middle East has seen in years.

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FBR heads for Rs1 trillion shortfall as Iran war, Eid holiday squeeze collections

ISLAMABAD: The Federal Board of Revenue is careening toward a revenue shortfall of close to Rs1 trillion by fiscal year-end, with the tax authority needing to collect an extraordinary Rs2.75 trillion in June alone to meet its downward-revised annual target — a sum that officials privately concede is out of reach.

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