ISLAMABAD: A Senate committee on Sunday shot down a Federal Board of Revenue (FBR) proposal that would have let tax officials arrest suspected fraudsters during investigations without court approval.
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Pakistan targets housing finance boost with foreclosure laws
ISLAMABAD: The government will roll out foreclosure laws to spur bank lending in the housing sector and clamp down on tax evasion to formalise its cash-reliant economy, Finance Minister Muhammad Aurangzeb said Friday.
Pakistan to slash tariffs, abolish duties in bold export push
ISLAMABAD: Pakistan is set to slash its overall tariff regime by more than 4% over the next five years as part of a bold reform package aimed at turbocharging exports and pivoting the nation toward an export-led growth model, Finance Minister Muhammad Aurangzeb said on Wednesday.
IMF demands strict budget compliance, rejects power incentives
ISLAMABAD: Pakistan is under pressure from the International Monetary Fund to include agriculture income tax in provincial budgets by September 2025 and ditch a federal plan to boost power consumption, local media reported on Thursday.
Pakistan busts global child exploitation ring, rescues 10
ISLAMABAD: Authorities have dismantled a child sexual exploitation gang in Punjab’s Muzaffargarh district, arresting two suspects and rescuing ten children from a network allegedly run by a German national, officials said Tuesday.
Militant attacks rise slightly in May
ISLAMABAD: Militant attacks in Pakistan increased slightly in May, with security forces suffering a sharp rise in fatalities despite heightened military tensions with India, according to a report released on Sunday by the Pakistan Institute for Conflict and Security Studies (PICSS).
Pakistan Crypto Council set to draft rules amid active transaction ban
ISLAMABAD: The government-backed crypto body will meet next week to draft regulations for digital assets, a push to integrate the technology that clashes with an active ban on cryptocurrency transactions and central bank skepticism.
Pakistan braces for extreme heat and storms as Karachi swelters
ISLAMABAD: Pakistan is confronting a twin onslaught of scorching heat and powerful storms, with Karachi enduring temperatures as high as 41°C and a series of weather systems threatening heavy rain and gusty winds nationwide.
Bilal Bin Saqib named blockchain adviser to PM Shehbaz
ISLAMABAD: Prime Minister Shehbaz Sharif has tapped Bilal Bin Saqib, the chief executive officer of the Pakistan Crypto Council (PCC), as his special assistant on blockchain and cryptocurrency, granting him the status of a minister of state.
Pakistan, India extend airspace ban on each other’s aircraft
ISLAMABAD: Pakistan has extended its ban on Indian aircraft using its airspace until June 24, 2025, the Pakistan Airports Authority (PAA) announced on Friday, a move that underscores persistent tensions between the two nations following recent military clashes.