New tax bill spares majority: FBR chief

ISLAMABAD: Pakistan’s tax chief said on Tuesday that 95% households would not be affected by the proposed legislation to ban economic transactions of “ineligible” people and businesses rather these measures would help increase tax collection by another Rs5 trillion in five years. Pakistan is a poor country and 90 to 95% people do not fall […]

IHC orders MI report on disappearance

ISLAMABAD: The capital’s high court has ordered Military Intelligence’s (MI) chief to submit a report in a sealed envelope on the disappearance of Mudassar Khan, a man who went missing from AJK a few months back. A single-member bench of the Islamabad High Court (IHC) comprising Justice Mohsin Akhtar Kayani on Tuesday heard a petition […]

Iran lifts ban on WhatsApp and Google Play, state media says – World

Iranian authorities have lifted a ban on Meta’s instant messaging platform WhatsApp and Google Play, as a first step to scale back internet restrictions, Iranian state media reported on Tuesday. The Islamic Republic has some of the strictest controls on Internet access in the world, but its blocks on US-based social media such as Facebook, […]

Govt raises Rs1.6tr via T-bills, PIBs

KARACHI: Despite robust market liquidity, the government raised Rs1,645 billion against maturity of Rs1,565 billion through the auction of treasury bills (T-bills) and Pakistan Investment Bonds (PIBs), while accepting a lower amount than its target for both instruments, reflecting a strategic approach to debt management. The government raised Rs1,645 billion through the auction of T-bills […]

FCA slashes Customs clearance time

KARACHI: The Faceless Customs Assessment (FCA) system, launched by the Federal Board of Revenue (FBR) on December 15, has processed and cleared over 5,500 goods declarations (GDs) by December 23. The FBR launched this system on the 15th of this month. The system is fully operational and the start is very promising. All GDs filed […]

Ben Stokes ruled out for three months

Ben Stokes, England’s Test captain, has vowed he has “blood, sweat and tears” left to give to the team, after being ruled out of all cricket for three months following a recurrence of his torn left hamstring during the third Test against New Zealand last month. Stokes, 33, was forced to leave the field during […]

Trump blasts Biden over death sentence commutations – World

Donald Trump hit out Tuesday at Joe Biden for commuting the sentences of almost every American federal prisoner on death row, as the president-elect prepared to replace the Democrat in the White House. President Biden, in his final month in office, announced on Monday he was converting the death sentences of 37 of the 40 […]

Armed forces pay tribute to Quaid-e-Azam on his birth anniversary: ISPR

On the occasion of the birth anniversary of Quaid-e-Azam Muhammad Ali Jinnah, the Chairman Joint Chiefs of Staff Committee, the Service Chiefs, and Pakistan’s armed forces paid a heartfelt tribute to the founder of the nation. In a message issued by the Inter-Services Public Relations (ISPR), Pakistan’s military expressed admiration for the enduring vision and […]

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