KARACHI: Norway’s Telenor is working with Citigroup to sell its controlling stake in Pakistani digital lender Easypaisa Bank, Bloomberg reported on Friday, a move that would complete the telecom group’s withdrawal from Pakistan after two decades.
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Azad Kashmir orders tourists out as security forces mass ahead of protest strike
MUZAFFARABAD: The government of Azad Jammu and Kashmir told tourists to leave its mountain valleys immediately on Friday, as convoys of paramilitary troops rolled into the regional capital and authorities quietly braced for what officials feared could become the territory’s most destabilizing unrest in months.
Six militants killed in Panjgur raid as Pakistan steps up campaign against India-linked terror group
ISLAMABAD: The security forces killed six militants in an overnight intelligence-led operation in the southwestern district of Panjgur, the military said Friday, the latest strike in an accelerating counterterrorism campaign that Islamabad has increasingly cast as a proxy war with neighboring India.
Pakistan rolls out one percent fixed tax for small retailers in bid to widen net ahead of IMF-guided budget
ISLAMABAD: The government unveiled a flat-rate tax scheme for small retailers on Friday, offering shopkeepers a simplified one-page filing process and exemption from audit in an effort to drag millions of informal traders into a revenue base long derided as narrow, inequitable and politically resistant to reform.
Security forces kill four militants in two nighttime raids in northwest, as counterterrorism campaign intensifies
ISLAMABAD: Security forces killed four terrorists in two separate intelligence-based operations in the volatile northwestern province of Khyber Pakhtunkhwa, the military’s media wing said on Thursday.
PTI leaders again turned away at prison gates for Imran Khan visit
RAWALPINDI: They arrived early, submitted their names, and waited in the heat outside Adiala jail for two hours. By the time 4 o’clock came and the window for visitation closed, not one of the six Pakistan Tehreek-e-Insaf leaders had been allowed past the gates to see their imprisoned party founder, Imran Khan.
Exporters warn of 30 percent decline unless budget breaks from tax-heavy IMF playbook
KARACHI: Pakistan’s most powerful business lobby warned on Thursday that export earnings could fall by as much as 30% in the coming fiscal year unless the government abandons what it called an IMF-driven, revenue-first budget framework in favor of policies that actively support industrial competitiveness.
Pakistan denies sharing Iran nuclear intelligence with Rubio, calls claims ‘baseless’
ISLAMABAD: The Foreign Office on Thursday issued a sharp denial of reports that Deputy Prime Minister and Foreign Minister Ishaq Dar had passed sensitive intelligence to US Secretary of State Marco Rubio about Iran’s nuclear program, calling the claims fabricated and potentially designed to sabotage fragile diplomatic efforts across a region already bristling with tensions.
No more appeals: Top court upholds death sentence for killer Zahir Jaffer who murdered and beheaded Noor Mukadam
The Supreme Court rejected the last legal appeal filed by Zahir Jaffer, the Pakistani-American heir to an industrial fortune who was convicted of the July 2021 killing of Noor Mukadam, 27, and has now exhausted nearly every avenue of appeal available to him under Pakistani law. The three-member bench, led by Justice Muhammad Hashim Khan Kakar, announced the decision after nearly four hours of oral argument, cementing a death sentence that has survived review at every level of the country’s judiciary.
Pakistan’s Budget of Borrowed Time
There is a ritual quality to Pakistan’s annual budget exercise that has grown almost theatrical in its predictability. The finance minister rises. Revenue targets are announced with conviction. Tax-base broadening is pledged. The IMF nods approvingly from Washington. The press covers it for two days. Then the lobbyists who were in Islamabad the week before the budget speech collect their exemptions, the salaried class discovers its withholding has increased, and the country proceeds to do exactly what it did the year before — borrow to survive, reform to perform, and grow barely enough to matter.