ISLAMABAD: The Judicial Commission of Pakistan (JCP) on Tuesday appointed new chief justices to four high courts, a move overshadowed by ongoing legal challenges over judicial transfers to the Islamabad High Court.
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FBR misses tax collection target, faces uphill battle for next year
ISLAMABAD: The Federal Board of Revenue (FBR) fell short of its fiscal year 2024-25 tax target, collecting Rs11.735 trillion against an original goal of Rs12.97 trillion, according to provisional figures.
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Govt axes provincial electricity duty to cut bills, ease consumer burden
ISLAMABAD: Pakistan will eliminate a provincial tax on electricity bills starting July 1, 2025, aiming to simplify charges and lighten the load for consumers battered by soaring power costs.
China rolls over $3.4 billion in loans to Pakistan, boosting reserves to meet IMF target
ISLAMABAD: China has extended a critical financial lifeline to Pakistan by rolling over $3.4 billion in loans, a move that, alongside other recent inflows, is poised to lift the South Asian nation’s foreign exchange reserves above the $14 billion threshold mandated by the International Monetary Fund, a finance ministry source said on Sunday.
Thirteen Pakistani soldiers killed in suicide attack on convoy in North Waziristan
ISLAMABAD: Thirteen Pakistani soldiers were killed on Saturday when an explosive-laden vehicle rammed into their convoy in the northwestern district of North Waziristan, marking one of the deadliest attacks on security forces this year.
UPADTED: Pakistan top court overturns ruling, rejects PTI’s claim to 39 reserved seats
ISLAMABAD: Pakistan’s Supreme Court on Friday rejected the opposition Pakistan Tehreek-e-Insaf’s (PTI) claim to 39 reserved seats in the national and provincial assemblies, overturning a prior ruling and shifting the country’s parliamentary balance toward the ruling coalition.
Pakistan parliament passes Rs17.57 trillion budget with deep cuts, defence hike
ISLAMABAD: Pakistan’s lower house of parliament approved a Rs17.57 trillion federal budget for the next fiscal year on Thursday, slashing spending by 7% while funneling nearly half the funds to debt servicing and boosting defense outlays by more than 20% after a sharp escalation in tensions with arch-rival India.
Nepra cuts base power tariff by Rs1.49 per unit for next fiscal year
ISLAMABAD: Pakistan’s energy regulator slashed the base power tariff by Rs1.49 per unit for the next fiscal year, offering limited relief to consumers grappling with rising electricity costs.
PM Sharif presses for Middle East calm as fragile truce holds
ISLAMABAD: Prime Minister Shehbaz Sharif launched a flurry of diplomatic outreach on Tuesday, engaging with Iranian and Saudi leaders and meeting with key regional ambassadors to press for dialogue and de-escalation in the Middle East, where a tenuous US-brokered ceasefire has taken hold after weeks of spiraling violence.
Bhutto-Zardari warns world silence on Israel’s Iran attack risks global conflict
ISLAMABAD, Bilawal Bhutto-Zardari, a key coalition partner in Pakistan Muslim League Nawaz-led government, warned on Monday that the world’s silence on Israel’s aggression against Iran risks plunging humanity into a global conflict, urging swift international action as tensions escalate in the Middle East and South Asia.