FBR Targets Tax Evasion Among Jewellers ISLAMABAD – The Federal Board of Revenue (FBR) has launched a crackdown on jewellers across the country amid reports of widespread tax evasion. According to FBR sources, around 20,000 jewellers are registered with the authority, but only half of them — nearly 10,000 — have filed their tax returns. […]
Trump Says TikTok Deal Progressing, Allies Could Gain Control of U.S. Operations WASHINGTON – Former President Donald Trump said Sunday that progress is being made on a deal that would shift TikTok’s U.S. operations from its Chinese parent company, ByteDance, into the hands of American investors. The plan would give Trump-aligned figures in corporate America […]
Kuwaiti Dinar Strengthens Against Pakistani Rupee: Daily Update Karachi/Kuwait, September 20, 2025 – The Kuwaiti Dinar (KWD) continues to show resilience against the Pakistani Rupee (PKR), trading at 922.13 PKR today. The exchange rate has fluctuated over recent months, dipping slightly to 921.47 PKR on September 3, after hitting 922.25 PKR on August 29 and […]
FBR Cracks Down on Social Media Users Flaunting Wealth Without Paying Taxes ISLAMABAD — The Federal Board of Revenue (FBR) is targeting social media users who showcase lavish lifestyles online but have failed to file their income tax returns, according to sources within the tax authority. Insiders revealed that the FBR’s Social Media Monitoring Team […]
Virgin Atlantic to Resume Flights Between London and Pakistan in October KARACHI — Virgin Atlantic is set to reconnect London with Karachi, Islamabad, and Lahore starting this October, restoring a key travel link between Pakistan and the United Kingdom. Aviation officials confirmed that the Pakistan Civil Aviation Authority (CAA) has approved the British airline to […]
No Mini-Budget Planned, Says FBR Chairman Ahead of IMF Visit ISLAMABAD — Amid reports suggesting the government might introduce a mini-budget to fund flood relief through additional taxes on luxury and imported goods, Federal Board of Revenue (FBR) Chairman Muhammad Ashfaq Langrial has dismissed the speculation. “There is no plan to introduce a mini-budget,” Langrial […]
Pakistan Prepares to Seek IMF Concessions Amid Flood Crisis ISLAMABAD — Prime Minister Shehbaz Sharif has instructed officials to seek broader concessions from the International Monetary Fund (IMF) during upcoming review talks, sources say, as the country grapples with severe floods and heavy rainfall. According to insiders, the government plans to avoid introducing a mini-budget […]
Similarly, the annual profit rate on Sarwa Islamic Saving Accounts and Sarwa Islamic Term Accounts has been raised from 9.50 per cent to 9.92 per cent. On the other hand, the profit rate on Defence Savings Certificates has been reduced by 12 basis points, bringing it down from 11.54 per cent to 11.42 per cent. […]
Pakistan, Uzbekistan Boost Industrial and Tech Ties; Pak-Iran JEC Concludes in Tehran Tashkent – Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, visited the Pharma Park and Techno Park in Tashkent, Uzbekistan, to strengthen industrial and technological cooperation between the two countries. During the visit, Mr. Khan praised the […]
Amazon Raises Wages, Cuts Health Care Costs Amid Worker Concerns Amazon has announced plans to raise its average hourly pay to more than $23, with full-time employees set to see an average annual increase of $1,600. The tech giant is also making health care more affordable, lowering the cost of its entry-level plan to $5 […]
