ISLAMABAD: Pakistan on Thursday reported more than Rs2.2 trillion in tax evasion through fake and flying invoices over the past two fiscal years, exposing deep flaws in its tax enforcement system and a significant loss of public revenue.
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Pakistan voices cautious optimism in talks with Afghan Taliban on TTP sanctuaries
ISLAMABAD: The Foreign Office expressed guarded optimism on Thursday about ongoing talks with Afghanistan, suggesting progress on the thorny issue of militant sanctuaries used by the banned Tehreek-i-Taliban Pakistan (TTP) on Afghan soil.
Imran Khan warns party to end infighting ahead of August 5 protests
ISLAMABAD: Imran Khan, the incarcerated founder of the Pakistan Tehreek-e-Insaf (PTI) and former prime minister, has issued a stern warning to his party members to set aside their differences and focus on a planned nationwide protest set to peak on August 5.
Security forces kill three terrorists in Balochistan operation, lose two soldiers
ISLAMABAD: The security forces killed three militants in a counterterrorism operation in the southwestern district of Mastung, but lost an army major and a sepoy in the exchange of fire, the military said on Thursday, underscoring the rising toll of Islamabad’s battle against surging militancy.
Heavy rainfall and flooding devastate Pakistan, death toll climbs to 258
ISLAMABAD: Heavy rainfall and relentless flooding have swept across Pakistan, claiming at least six lives in the past 24 hours and driving the nation’s monsoon death toll to 258, the National Disaster Management Authority (NDMA) reported on Thursday.
JLL steps down from Roosevelt hotel privatisation role over conflict of interest
ISLAMABAD: Jones Lang LaSalle Inc., the global real estate advisory firm tasked with guiding the privatisation of New York’s Roosevelt Hotel, has stepped down from its role, citing a potential conflict of interest, Pakistan’s Privatisation Commission said on Thursday.
BERLIN, GERMANY - APRIL 5: BYD electric cars stand at a BYD dealership on April 5, 2024 in Berlin, Germany. BYD, which stands for Build Your Dreams, is a Chinese manufacturer that went from making solar panels to electric cars. The company is seeking to gain a foothold in the German auto market and has opened over two dozen dealerships nationwide. (Footage by Sean Gallup/Getty Images)
China’s BYD to launch Pakistan-assembled EVs by mid-2026 as demand for hybrids surges
KARACHI: Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026, aiming to capitalize on the growing demand for electric and plug-in hybrid vehicles in the region, Reuters reported said on Wednesday.
Islamabad High Court suspends order to investigate blasphemy law misuse
ISLAMABAD: The Islamabad High Court (IHC) on Thursday suspended an earlier order directing the government to form a commission to investigate the misuse of the nation’s blasphemy laws, a deeply contentious issue that has sparked violence and public unrest across the country.
S&P upgrades Pakistan’s credit rating to ‘B-’ on IMF-backed stability
KARACHI: Ratings agency S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and assigned a stable outlook on Thursday, signaling growing confidence in the country’s financial stability bolstered by International Monetary Fund support.
Pakistan’s passport languishes near bottom of global rankings
KARACHI: Pakistan’s passport ranks among the weakest globally, granting its citizens visa-free access to only 32 destinations, according to the latest Henley Passport Index.