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.
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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 issues emergency LNG tender on crisis cell orders as spot prices approach $20
KARACHI: Pakistan has issued a spot tender for a liquefied natural gas cargo to be delivered within days, acting on instructions from a prime ministerial crisis body, as the government races to prevent power shortfalls during peak summer demand, and bids are likely to arrive at prices near $20 per million British thermal units.
Islamabad faces Rs1.7 trillion budget hole, seeks provincial rescue
ISLAMABAD: The federal government is struggling to piece together next year’s budget around a roughly Rs1.7 trillion fiscal hole and is pressing the country’s wealthiest provinces to absorb a substantial share of the shortfall, according to Khyber Pakhtunkhwa’s finance adviser — the latest sign that Islamabad’s annual budget exercise has devolved into open coalition brinksmanship.
Reko Diq partners review security costs as Barrick delegation lands in Islamabad
ISLAMABAD: Barrick Mining Corp. and Pakistan are negotiating a significant upgrade to security arrangements at the Reko Diq copper-gold project in Balochistan, a move that is expected to drive up costs at one of the world’s largest undeveloped mineral deposits, according to senior officials.