ISLAMABAD: The International Monetary Fund (IMF) has shot down the government’s proposal for a 25% tax rebate for teachers and researchers from July 1, 2025, Federal Board of Revenue Chairman Rashid Mahmood Langrial told lawmakers on Saturday.
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Ogra tells fuel firms to hoard stocks, boost imports on Mideast war risk
ISLAMABAD: Pakistan’s Oil and Gas Regulatory Authority (Ogra) on Saturday directed oil marketing companies (OMCs) to hold 20-day fuel stockpiles and import 140 million liters of petrol as the escalating Iran-Israel conflict risks disrupting global oil supplies.
Pakistan slams India’s Shah over ‘brazen disregard’ for Indus Waters Treaty
ISLAMABAD: Pakistan’s Foreign Office on Saturday slammed Indian Home Minister Amit Shah’s ‘brazen disregard’ for international agreements after he said New Delhi would never restore the Indus Waters Treaty with Islamabad, accusing India of violating international law and setting a ‘dangerous precedent’ that risks destabilizing the region over a vital shared resource.
NAB freezes properties of tycoon Malik Riaz in land grab investigation
ISLAMABAD: Pakistan’s anti-corruption agency, the National Accountability Bureau (NAB), has imposed a 15-day freeze on 457 properties nationwide, including those owned by property tycoon Malik Riaz’s son, Ahmed Ali Riaz, and his company, Bahria Town Pvt Ltd, as part of a sweeping investigation into the alleged illegal seizure of government land in Karachi, officials confirmed Saturday.
Pakistan rejects India’s claim it sought ceasefire after tense military standoff
ISLAMABAD: Pakistan has dismissed Indian assertions that its Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar had requested a ceasefire after a tense 87-hour military standoff between the nuclear-armed neighbor last month.
Govt cuts income tax rate to 1pc for salaried workers earning up to Rs1.2 million
ISLAMABAD: The government has cut income taxes for salaried workers, lowering the rate for those earning up to Rs1.2 million annually from 5% to 1%, Finance Minister Muhammad Aurangzeb told the Senate session on Saturday.
Another child’s paralysis signals Pakistan’s uphill battle against polio
ISLAMABAD: A 33-month-old boy from Pakistan’s volatile northwest has been paralysed by polio, marking the country’s 12th case this year and intensifying fears that a disease nearly wiped out globally is regaining ground.
Pakistan to lift used car import curbs under IMF bailout deal
ISLAMABAD: Pakistan will lift restrictions on commercial imports of used vehicles up to five years old starting in September, Finance Minister Muhammad Aurangzeb told a parliamentary committee on Friday.
Pakistan nominates Trump for Nobel Peace Prize for role in India standoff
ISLAMABAD: Pakistan has put forward US President Donald Trump as a candidate for the 2026 Nobel Peace Prize, citing his diplomatic efforts to defuse a recent flare-up with India that risked plunging the nuclear-armed neighbours into war.
Sharif presses Rubio for diplomacy to ease Iran-Israel tensions
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday urged a diplomatic push to ease the intensifying military clash between Iran and Israel during a Friday phone call with U.S. Secretary of State Marco Rubio, as airstrikes and missile volleys threaten to ignite a broader Middle East war.