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Finance Minister Muhammad Aurangzeb is interviewed during the G20 Finance Ministers and Central Bank Governors’ Meeting at the IMF and World Bank’s 2024 annual Spring Meetings in Washington. PHOTO: REUTERS Federal Finance Minister Muhammad Aurangzeb has vowed to shut down tax loopholes, push ahead with economic reforms, and restore investor trust in Pakistan’s economy. Addressing…
ISLAMABAD — Just a day after walking out in protest over the conviction of party leaders in the May 9 riots cases, Pakistan Tehreek-i-Insaf (PTI) members were back in the National Assembly on Tuesday, taking part in the private members’ day proceedings and allowing the house to complete a packed legislative agenda. The session, chaired…
FBR to Hire 102 Specialists for Audits in 42 Key Sectors ISLAMABAD — The Federal Board of Revenue (FBR) has decided to bring in over a hundred sector and audit experts to carry out extensive field audits across 42 major industries in the country. The move aims to strengthen tax enforcement and close revenue gaps…
In response to the Financial Times on Sunday, China wants the US to relax export restrictions on chips that are essential for AI as part of a trade agreement ahead of a potential summit between Presidents Donald Trump and Xi Jinping. The newspaper quoted unnamed people familiar with the situation to report that Chinese officials…
ISLAMABAD: The Indian ban on airspace access to Indian airways has resulted in a loss of R4.1 billion to the Pakistan Airports Authority in a span of just two months, as reported on the 22nd of October by the Ministry of Defence to the National Assembly. As the ministry elaborated, the gap in revenue of…
On Thursday, the National Assembly passed the Pakistan Land Port Authority Bill 2025, allowing the movement of goods and passengers through border crossing points With the bill’s approval, Pakistan Land Port Authority would make Pakistan the third South Asian country, alongside Bangladesh and India, to have a land port authority. Bangladesh created the land port…
The first visit for Indian Prime Minister Narendra Modi in over seven years will be to China, as a government source revealed recently, indicating a diplomatic thaw with China amid increasing tensions with the US. Modi will be in China for the meeting of the multilateral ‘Shanghai Cooperation Organisation (SCO),’ which takes place on August…
Govt Uncovers Evidence of Large-Scale Money Laundering Linked to Malik Riaz and Bahria Town: Federal Law Minister Azam Nazeer Tarar ISLAMABAD – Information Minister Attaullah Tarar on Wednesday said the government has uncovered solid evidence suggesting that real estate tycoon Malik Riaz and his company, Bahria Town, have been involved in large-scale money laundering. Speaking…
According to US President Donald Trump, he was planning on “substantially” increasing the tariffs on Indian imports in the next day, owing to India’s purchases of Russian oil. During his announcements on the 28th of March 2023, the president of the united states cited his reasoning for raising tariffs on imports from India. This decision…
WASHINGTON: According to US President Donald Trump, the tariff on goods coming from India will go up “very substantially” over the next 24 hours. This is because India is still buying oil from Russia. He also said that India’s offer of a “zero tariff” on US goods was not good enough because India was “fuelling…
