ISLAMABAD: The Federal Board of Revenue extended the deadline for filing income tax returns for the 2025 tax year by 15 days on Tuesday, reversing a stance it took just hours earlier and granting relief to taxpayers amid mounting complaints.
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ADB sees Pakistan growth holding at 3 percent in FY2026 on reforms, but floods pose risks
ISLAMABAD: Pakistan’s economy is set to expand by 3.0% in the fiscal year to June 2026, helped along by deeper macroeconomic stability and reforms that tackle longstanding weaknesses, the Asian Development Bank said on Tuesday, though recent floods could crimp the momentum.
Pakistan sees September inflation holding at 3.5–4.5 percent despite flood disruptions
ISLAMABAD: Pakistan’s economy has maintained stability and shown signs of growth in the first two months of the fiscal year despite severe flooding, with consumer inflation projected to remain in a manageable 3.5-4.5% range in September, the finance ministry said on Tuesday.
ACC chief Naqvi rebuffs Indian demand for Asia Cup trophy
LAHORE: Asian Cricket Council (ACC) Chairman Mohsin Naqvi on Tuesday rebuffed a demand by Board of Control for Cricket in India (BCCI) Vice-President Rajeev Shukla to hand over the Asia Cup 2025 trophy, Geo News reported, escalating tensions between the two cricketing bodies.
Rift between ruling allies deepens as PPP lawmakers stage walkout over flood aid remarks
ISLAMABAD: Tensions within the fragile governing coalition boiled over on Tuesday when lawmakers from the Pakistan Peoples Party (PPP) walked out of the National Assembly to protest comments by Punjab Chief Minister Maryam Nawaz, a leader of the dominant Pakistan Muslim League-Nawaz (PML-N), escalating a dispute over flood relief and water rights that has exposed deepening provincial divides.
Pakistan test-fires new 750km-range Fatah-4 cruise missile
ISLAMABAD: The military on Tuesday announced the successful test-firing of a new cruise missile, the Fatah-4, with a range of 750 kilometers, marking what officials described as a significant advancement in the country’s conventional arsenal amid heightened regional tensions.
Blast, gunfight leave 10 dead, 32 injured in Quetta; attackers killed
QUETTA: An apparent suicide bomber detonated an explosives-laden vehicle near the headquarters of Frontier Corps in this provincial capital on Tuesday, killing at least 10 people and injuring 32 others in an attack that triggered a fierce shootout with militants, officials said.
Fuel prices set to rise again as global oil costs fluctuate
ISLAMABAD: The government is expected to raise the prices of petrol and high-speed diesel (HSD) by Rs2-3 per litre starting Wednesday for the first half of October, driven by volatility in global oil markets, according to official estimates.
Pakistan confirms two new polio cases in Sindh, national tally reaches 29
ISLAMABAD: Two new cases of poliovirus have been confirmed in Pakistan’s southern Sindh province, health officials said Monday, pushing the national tally to 29 this year as the country battles to eradicate the crippling disease.
Pakistan, IMF open talks on $7 bln bailout review amid revenue shortfalls, flood impact
ISLAMABAD: Pakistan and the International Monetary Fund began talks on Monday for the second review of a $7 billion Extended Fund Facility programme and the first review of a $1.1 billion Resilience and Sustainability Facility, with discussions focusing on mixed fiscal performance, revenue shortfalls and the impact of recent floods.