According to official sources, the IMF is now willing to reduce income tax rates across all salary slabs. Sources revealed that the relief will be granted through amendments to Section 129 of the Income Tax Ordinance, which governs exemptions and concessions. One of the major changes under discussion includes raising the annual tax-free income threshold […]
During the earthquake tremors that rocked Karachi on Monday, inmates were temporarily moved out of their barracks for safety reasons, jail officials said, adding that it was during this period that prisoners managed to flee. The jailbreak triggered a massive police operation accompanied by intense gunfire in the vicinity. Sources suggest that the seismic activity […]
The incident was reported within the jurisdiction of the Sumbal Police Station. According to initial reports. The victim, identified as Sana Yousuf from Chitral, was fatally shot by a man outside her residence. According to the police, the suspect had a brief conversation with Sana Yousuf outside her home, after which he opened fire. The […]
During the session, Muhammad Aamir Ghaziani, the Chief Financial Officer of K-Electric, presented the company’s $2 billion investment roadmap, which aims to modernise Karachi’s power infrastructure by 2030. Muhammad Aamir Ghaziani emphasized that the approval of the Multi-Year Tariff (MYT) for FY24–FY30 will allow important investments in infrastructure, thereby ensuring a stable and efficient energy […]
The US currency started the week on the back foot after Trump said on Friday that he planned to double duties on imported steel and aluminum to 50% from Wednesday, and as Beijing hit back against accusations it violated an agreement on critical minerals shipments. China’s Commerce Ministry said on Monday the charges were “groundless,” […]
Spot gold was up 2% at $3,353.29 an ounce, as of 1128 GMT, after hitting its highest level since May 23, earlier in the session. U.S. gold futures rose 1.9% to $3,378.40. The dollar was down 0.6% against its rivals, after Trump said on Friday that he plans to double duties on imported steel and […]
Jaffrelot, a renowned expert on South Asia, stated that India’s “mistake of underestimating Pakistan cost it dearly.” He underscored Pakistan’s superior preparations and asserted that “Chinese weapons turned the tide of war.” He further criticized India’s attempt to weaponize the Indus Water Treaty, issuing a stark reminder: “India has tried to turn the Indus Water […]
According to the notification issued by the federal government, the Eid al-Adha holidays will be observed from Friday, June 6, to Monday, June 9. The decision has been taken following the approval from Prime Minister Shehbaz Sharif. Earlier, the Central Ruet-e-Hilal Committee announced that the Zil Hajj moon was not sighted in Pakistan on Tuesday, […]
This stability illustrates the robust economic relationship between Pakistan and Qatar, driven by consistent remittance inflows and trade. Valuation Process The exchange rate of the Qatari Riyal is stabilized through its fixed peg to the US Dollar at approximately 3.64 QAR per USD, a practice maintained by the Qatar Central Bank since 1980. This peg […]
A video showing Salman Farooqi physically assaulting a motorcyclist in the presence of his sister went viral on social media, prompting public outrage and calls for legal action. Deputy Inspector General (DIG) Asad Raza stated that the accused was arrested following a technical investigation. Police also conducted raids at his residence and office as part […]
