ISLAMABAD: The government has granted tax authorities sweeping powers to seize bank accounts, properties, and seal businesses without prior notice, immediately following rulings from the country’s superior courts to recover unpaid taxes.
Top Stories
IMF sticks to Pakistan review on May 9, defying India’s push
KARACHI: The International Monetary Fund (IMF) will proceed with its Executive Board meeting on May 9 to review Pakistan’s $7 billion bailout program, dousing speculation of a delay sparked by a media report that India is pressing global lenders to rethink funds to Islamabad after a deadly attack in occupied Kashmir.
Pakistan test-fires 450km range surface-to-surface missile
ISLAMABAD: Pakistan’s military said on Saturday it had successfully conducted a training launch of its Abdali surface-to-surface missile system, which has a range of 450 kilometers (280 miles).
Kashmiris hounded by India’s violent backlash
After an attack in occupied Kashmir killed 26 people last week, Kashmiri Muslims across India are confronting a surge of harassment and violence — a painful illustration of the deep-seated mistrust and divisions that continue to plague the region.
Pakistan says IMF $7bn deal secure as India targets funds after Kashmir clash
ISLAMABAD: Pakistan’s $7 billion International Monetary Fund program remains firmly on course, a top official said on Friday, brushing aside India’s calls for the lender to reassess the country’s financial support.
Pakistan military warns India of decisive response to any imposed war
RAWALPINDI: Pakistan’s military top leadership on Friday said India was exploiting a deadly April attack in occupied Kashmir to deflect domestic issues and jeopardise a vital water-sharing treaty, as it reaffirmed its readiness to defend national sovereignty.
Pakistan’s tax-to-GDP ratio set to reach 10.6pc by fiscal year-end
ISLAMABAD: Pakistan’s tax-to-GDP ratio is projected to reach 10.6% by the end of the current fiscal year, Finance Minister Muhammad Aurangzeb said on Friday, signaling incremental progress toward a 13% target under the country’s International Monetary Fund (IMF) program to stabilise its debt-strained economy.
Trade deficit balloons 55pc in April as exports fall, imports jump
ISLAMABAD: Pakistan’s trade deficit surged 55.2% month-on-month to $3.39 billion in April 2025, driven by a sharp contraction in exports and a double-digit rise in imports, official data showed on Friday.
Inflation hits historic low of 0.3pc in April, deflation fears grow
KARACHI: Pakistan’s consumer inflation rate slowed sharply to 0.3 percent year-on-year in April 2025, the lowest level in approximately six decades, marking a dramatic turnaround from the double-digit crises that gripped the economy a year earlier, data from the Pakistan Bureau of Statistics (PBS) showed on Friday.
US urges calm as Pakistan-India tensions flare over Kashmir attack
ISLAMABAD: US Vice President JD Vance called on India to avoid escalating tensions with Pakistan on Thursday after a deadly attack in occupied Kashmir, as the nuclear-armed rivals exchanged accusations and bolstered military stances.