Prime Minister Shehbaz Sharif on Tuesday called for measures to broaden the tax net, directing the authorities to take strict action against individuals and sectors involved in tax evasion. The Federal Board of Revenue (FBR) missed its collection target by nearly Rs831 billion in the first 10 months of the current fiscal year, mainly due to a decline in import volume and lower-than-expected inf
The government has introduced a landmark bill in the National Assembly aimed at digitally tracking petroleum products from import and production to retail sales in a bid to curb smuggling and adulteration, which cause massive revenue losses estimated at Rs300-500 billion annually besides affecting environment and vehicle engines. The Petroleum (Amendment) Act, 2025 — moved by Petroleum Minist
Indian Prime Minister Narendra Modi visited the Adampur air force base, near Jalandhar in East Punjab, on Tuesday where he reiterated the “new normal” of military action against Pakistan, but aware that the stocks of the company that manufactures the fabled Rafale jets his pilots used in the recent duel had plummeted. The Hindustan Times reported on Tuesday that while Rafale shares suffered los
The Pakistan Stock Exchange (PSX) gained a record nine per cent on Monday — the restored calm in the market mirroring that in the region after the recent Pakistan-India ceasefire that boosted investor mood. Saturday’s ceasefire, announced by US President Donald Trump, followed four days of tit-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washingto
At the time of writing, the people of Pakistan are united in their pride of their armed forces, particularly the air force. The most hard-core critics of military spending have seen the wisdom of a high defence budget when we have a hostile nation as a neighbour. But in the end, who does war benefit? Not the civilians who fear for their lives and livelihoods while mourning those who are lost to