ISLAMABAD: Prime Minister Shehbaz Sharif has doubled ex-gratia assistance for families of those killed in recent floods and monsoon rains to Rs2 million from Rs1 million, as authorities grapple with the aftermath of a disaster that has affected over 4.2 million people and killed around 1,000 across the country.
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Pakistan-India rivalry heads to Asia Cup final
LAHORE: Pakistan clinched a spot in the Asia Cup final with a gritty 11-run win over Bangladesh in their final Super Four match on Thursday, setting up a high-stakes clash with arch-rivals India on Sunday.
FBR scraps asset valuation rule in tax form after backlash
ISLAMABAD: The government on Friday abruptly scrapped a requirement for taxpayers to declare the market value of their assets in the 2025 income tax return form, bowing to intense pressure from tax practitioners, lawyers, and other stakeholders.
Pakistan targets Rs6.4 trillion in borrowing to manage Rs81.5 trillion debt load
ISLAMABAD: The government unveiled a Rs6.4 trillion borrowing plan for the current fiscal year to service a public debt that ballooned to Rs81.5 trillion by June 30, as an International Monetary Fund mission assesses the nation’s fiscal and monetary performance.
Pakistan secures power sector financing, but dollar-linked debt looms large
ISLAMABAD: The power sector secured a lifeline with Rs1.225 trillion in fresh financing from commercial banks to tackle its chronic circular debt, but the industry remains tethered to exchange rate risks for nearly a decade due to dollar-indexed investments, particularly those tied to Chinese power projects, power minister said.
PM Sharif calls for Gaza ceasefire, offers dialogue with India at UN Assembly
ISLAMABAD: In a forceful address to the United Nations General Assembly on Friday, Prime Minister Shehbaz Sharif condemned Israel’s actions in Gaza as “genocidal” and urged an immediate ceasefire, while extending an olive branch to arch-rival India for dialogue to secure lasting peace in South Asia.
UPDATED: Trump meets Sharif, Munir in Oval Office as US-Pakistan ties deepen
By Staff Reporter ISLAMABAD: President Donald Trump met with Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Asim Munir in the Oval
FBR eases asset valuation rules for 2025 tax filing ahead of deadline
ISLAMABAD: The tax authority moved to clarify asset valuation rules for the 2025 tax season, allowing most taxpayers to self-declare the market value of their movable and immovable assets without formal appraisals or documentation.
IMF review begins with focus on missed targets, relief spending
KARACHI: An International Monetary Fund review mission kicked off simultaneous talks in Karachi and Islamabad on Thursday, delving into Pakistan’s uneven performance under its bailout program without the standard kickoff meeting with Finance Minister Muhammad Aurangzeb, who’s currently in the US.
Trump meets Sharif, Munir in Oval Office as US-Pakistan ties deepen
ISLAMABAD: President Donald Trump met with Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Asim Munir in the Oval Office on Friday morning, marking the first formal bilateral engagement between the leaders and signalling a gradual warming in US-Pakistan relations during Trump’s second term.