ISLAMABADA: The tax authority fell short of its first-quarter revenue goal by Rs199 billion, battered by sluggish domestic sales taxes and lower collections from utility bills amid floods and a shift to solar power.
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Two KP ministers quit after Imran Khan approves cabinet reshuffle
PESHAWAR: Two ministers in Khyber Pakhtunkhwa province resigned from the cabinet on Tuesday, a day after the chief minister met with the jailed founder of their embattled Pakistan Tehreek-e-Insaf (PTI) party, amid reports of internal rifts and a planned government reshuffle approved by the party’s leader.
PTI turmoil deepens as CM Gandapur blames Khan’s sister, military ties for party division
ISLAMABAD: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur accused Aleema Khan, sister of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, of fomenting divisions within the party and alleged she was being aided by Military Intelligence (MI) and the “establishment,” in a video statement on Tuesday that highlighted growing internal strife.
Petrol, diesel prices raised; LPG rates reduced
ISLAMABAD: The government raised fuel prices on Tuesday, increasing petrol by Rs4.07 per litre and high-speed diesel (HSD) by Rs4.04 per litre for the next two weeks, a move set to strain household budgets and fuel inflation.
Commonwealth observers say Pakistan’s 2024 vote unfairly targeted Imran Khan’s PTI
ISLAMABAD: An international observer group has concluded that Pakistan’s 2024 general elections were undermined by conditions that limited fundamental political rights, particularly affecting one major party’s ability to compete fairly, and by a nationwide shutdown of cellular services on election day that eroded transparency and efficiency in tallying results.
UPDATED-FBR extends income tax filing deadline by 15 days after earlier refusal
ISLAMABAD: The Federal Board of Revenue extended the deadline for filing income tax returns for the 2025 tax year by 15 days on Tuesday, reversing a stance it took just hours earlier and granting relief to taxpayers amid mounting complaints.
UPDATED-FBR extends income tax filing deadline by 15 days after earlier refusal
ISLAMABAD: The Federal Board of Revenue extended the deadline for filing income tax returns for the 2025 tax year by 15 days on Tuesday, reversing a stance it took just hours earlier and granting relief to taxpayers amid mounting complaints.
ADB sees Pakistan growth holding at 3 percent in FY2026 on reforms, but floods pose risks
ISLAMABAD: Pakistan’s economy is set to expand by 3.0% in the fiscal year to June 2026, helped along by deeper macroeconomic stability and reforms that tackle longstanding weaknesses, the Asian Development Bank said on Tuesday, though recent floods could crimp the momentum.
Pakistan sees September inflation holding at 3.5–4.5 percent despite flood disruptions
ISLAMABAD: Pakistan’s economy has maintained stability and shown signs of growth in the first two months of the fiscal year despite severe flooding, with consumer inflation projected to remain in a manageable 3.5-4.5% range in September, the finance ministry said on Tuesday.
ACC chief Naqvi rebuffs Indian demand for Asia Cup trophy
LAHORE: Asian Cricket Council (ACC) Chairman Mohsin Naqvi on Tuesday rebuffed a demand by Board of Control for Cricket in India (BCCI) Vice-President Rajeev Shukla to hand over the Asia Cup 2025 trophy, Geo News reported, escalating tensions between the two cricketing bodies.