LHC quashes super tax on sale of inherited land – Pakistan
• Rules extra levy can’t be applied if primary capital gains tax is zero• Notes that administrative circulars can’t override law; cites FCC ruling limiting scope of super tax• Dismisses FBR claim that wealth overrides tax exemptions RAWALPINDI: The Lahore High Court has ruled that a super tax under Section 4C of the Income Tax […]
Govt reduces petrol, diesel prices by Rs5 – Pakistan
The federal government on Friday reduced petrol and diesel prices by Rs5, according to a notification issued by the Petroleum Division. As per the notification, the prices would be effective from May 16. Following the decrease, the price of petrol stands at Rs409.78 per litre and HSD’s at Rs409.58. Petrol is mostly used in private […]
Barbs fly in Senate over PTI founder’s health, access to political prisoners – Pakistan
ISLAMABAD: The Senate on Friday witnessed a war of words over the health and treatment of PTI founder Imran Khan and the conditions of political prisoners, with opposition members demanding an independent committee to visit jails and the government advising legal recourse for any relief. PTI Senator Azam Swati said the PTI founder had “lost […]
ICC fines Pakistan, docks eight WTC points for slow over rate in Dhaka Test – Sport
The International Cricket Council (ICC) on Friday fined Pakistan 40 per cent of their match fee and docked them eight points in the ongoing World Test Championship (WTC) for maintaining a slow over rate during the first Test against Bangladesh. In a press release, the ICC said, “Pakistan have been fined 40pc of their match […]
11 Pakistanis, 20 Iranians aboard US-seized vessels repatriated, says DPM Dar – Pakistan
Deputy Prime Minister and Foreign Minister Ishaq Dar said on Friday that 11 Pakistanis and 20 Iranians, aboard vessels seized by the United States on the high seas, were successfully repatriated. Last week, Pakistan reached out to Singaporean authorities for their support in facilitating the “welfare and repatriation” of the crew members. Dar noted that […]
Punjab govt lifts market closure timing restrictions until June 1 – Pakistan
LAHORE: The Punjab government on Friday exempted all markets from previously issued closure timings of 8pm until June 1. In a notification dated May 15, the provincial government said that in reference to an April 6 notification, “all shops, markets, shopping malls, hotels, restaurants, and food outlets are hereby exempted from the prescribed closure timings […]
Govt cuts petrol, diesel prices by Rs5 per litre
Petrol to cost Rs409.78 and diesel Rs409.58 per litre after latest government revision The federal government on Friday reduced the prices of petrol and high-speed diesel by Rs5 per litre each for the next week, according to a notification issued by the Petroleum Division. Under the revised prices, high-speed diesel will cost Rs409.58 per litre, […]
Aleem Khan blames Punjab, KP govts for delays in highway projects – Pakistan
ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan on Friday blamed provincial governments for delays in the completion of various highway projects. Presiding over a National Highway Authority (NHA) review meeting, the minister issued a decisive mandate to accelerate the completion of critical infrastructure, signalling a shift toward federal intervention where provincial commitments have faltered. […]
Marri clarifies viral clip of Bilawal, says exchange ‘cannot be viewed in isolation’
Clip shows brief Bilawal-Marri exchange during press conference that later went viral on social media A day after a clip showing perceived brusqueness by Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari towards party MNA Shazia Marri went viral on social media, PPP spokesperson herself on Friday termed it a one-off interaction that could not be viewed […]
Probe shows foreigners’ involvement network run by alleged cocaine queenpin Anmol alias Pinky: Karachi AIG – Pakistan
Karachi Additional Inspector General (AIG) Azad Khan shared details on Friday of probe against alleged queenpin Anmol alias Pinky, saying that investigators had come across information regarding the involvement of foreigners in running the drug network. Anmol had been arrested earlier this week from her apartment in Karachi in a joint raid conducted by police […]