ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed that an investigation be initiated against the Federal Board of Revenue (FBR) over its alleged inaction in granting extensions for filing income tax returns for the tax year 2025. According to sources, the order came in response to a public interest complaint filed by tax lawyer Waheed Shahzad Butt. In the complaint, it was highlighted tha
Federal Minister for IT and Telecom, Shaza Fatima Khawaja on Tuesday held an important meeting with Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, where both sides advanced discussions on deep technology cooperation and future-focused digital partnerships. Shaza Fatima and Minister Nabiyev praised the close and friendly relations between Pakistan and Azerbaijan, rea
Gold edged lower on Wednesday due to a stronger dollar, while investors awaited minutes from the Federal Reserve’s latest policy meeting and U.S. jobs report that could shed more light on the central bank’s interest rate trajectory. Spot gold was down 0.2% at $4,059 per ounce, as of 0201 GMT. U.S. gold futures for December delivery edged 0.1% lower to $4,061.60 per ounce. “Gold has somewhat
NEW YORK: Nvidia’s earnings report on Wednesday could trigger a $320 billion swing in the chipmaker’s market value — the largest post-earnings move ever for the AI giant — as investors seek signals about whether the artificial intelligence boom is accelerating or cooling. Nvidia options implied about a 7% move for the stock in either direction after it announces its quarterly results, which are
KARACHI: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry announced the launch of standardized bunkering operations at Karachi Port for the first time in Pakistan’s history. “The move brings the Pakistan’s largest port in line with global maritime safety and operational standards, a step long viewed as essential for improving country’s standing in the regional shipping mark