ISLAMABAD: Pakistan has exempted digitally imported goods and services from a 5% tax, following an agreement with the United States aimed at fostering trade relations and attracting foreign digital businesses.
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FBR July revenue hits Rs748.6 billion, beats target on 14 percent YoY gain
ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs748.6 billion in July, surpassing its monthly target and posting a 14% year-on-year increase, signaling renewed economic momentum in the country.
Cloudburst-driven floods displace thousands in Gilgit-Baltistan
ISLAMABAD: Intense floods triggered by cloudbursts and heavy monsoon rains have wreaked havoc in Pakistan’s Gilgit-Baltistan region, causing widespread destruction, loss of life, and displacing thousands as the country grapples with a relentless wave of extreme weather.
Minor charged with terrorism for sharing activist’s speech on social media in Pakistan
GWADAR: A seven-year-old boy in Gwadar has been charged with terrorism for allegedly sharing a video of a detained human rights activist’s speech on TikTok, a case that has drawn sharp condemnation from Pakistan’s leading human rights organisation and raised questions about the use of anti-terrorism laws against children.
US slashes Pakistan’s tariff to 19 percent in Trump trade shake-up
KARACHI: Pakistan has emerged as a rare winner in President Donald Trump’s sweeping overhaul of US trade policy, securing a tariff reduction from 29% to 19% on Friday, the lowest rate for any South Asian country after Afghanistan.
Govt cuts petrol price by Rs7.54, raises diesel by Rs1.48
ISLAMABAD: The government slashed petrol prices by Rs7.54 per litre late Thursday while raising the cost of high-speed diesel (HSD) by Rs1.48 per litre for the next two weeks, reflecting shifts in global oil markets.
Pakistan battles sugar crisis amid surplus claims and market manipulation
ISLAMABAD: Pakistan’s state trading agency is evaluating offers to supply 100,000 metric tons of sugar, with the lowest bid at $539 per ton, even as the government insists on surplus stocks and cracks down on market manipulation amid a recurring sugar crisis.
Sindh ombudsman orders removal of K-Electric CEO for workplace harassment
KARACHI: A provincial ombudsman on Thursday ordered the immediate removal of Moonis Alvi, the chief executive officer of K-Electric, the nation’s largest power utility, after ruling him guilty of workplace harassment.
Pakistan’s Utility Stores Corp. closes doors after 54 years as losses mount
ISLAMABAD” Pakistan’s Utility Stores Corporation (USC), a state-owned enterprise tasked with providing affordable essentials to low-income households, officially shut down operations on Thursday, ending a 54-year run plagued by financial losses and chronic inefficiencies.
Faisalabad court jails 108 PTI members, including top leaders, to 10 years for May 2023 violence
ISLAMABAD: An anti-terrorism court on Thursday sentenced 108 members of former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, including senior opposition leaders, to 10 years in prison for their alleged roles in violent protests that rocked the country on May 9, 2023.