Behavioural fixes like pre-filled returns and ring-fenced funds could boost compliance Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file ISLAMABAD: Pakistan’s tax-to-GDP ratio has remained around 9% to 10% for several decades now – a figure that is alarmingly low for…
US president says blockade on Iranian ships to ‘remain in full force’ until agreement reached United States Secretary of State Marco Rubio speaks to the journalists before boarding his plane at Indira Gandhi International Airport in New Delhi, India, Monday, May 25, 2026. PHOTO: REUTERS US Secretary of State Marco Rubio said Monday that there…
ISLAMABAD: A quietly held meeting between senior Pakistan Tehreek-e-Insaf (PTI) leaders and Interior Minister Mohsin Naqvi has triggered a debate of possible back channel contacts between the opposition party and powers that be and also raised questions over internal communication and coordination within the party after it emerged that party founding chairman Imran Khan’s family…
Formal sector and salaried class pay high taxes because they are visible, while undocumented and big fish remain comfo View of business offices and under construction residential apartments in Karachi, Pakistan September 23, 2025 Photo: Reuters ISLAMABAD: I run the kind of business Pakistan says it wants and needs. I produce goods, employ people, file…
. ISLAMABAD: Minister for National Health Services, Regulations and Coordination Mustafa Kamal held meetings with the health ministers of Saudi Arabia, Sudan and Syria on the sidelines of the World Health Assembly in Geneva, where the parties agreed to strengthen cooperation in the health sector. According to the Ministry of National Health Services on Sunday,…
Police officers walk past the Supreme Court of Pakistan building, in Islamabad, Pakistan April 6, 2022. REUTERS ISLAMABAD: For the first time in nearly six years, the Supreme Court has begun fixing for hearing criminal appeals involving convicts who have either already completed their sentences or passed away during the pendency of proceedings. According to…
ISLAMABAD: Pakistan Railways is moving ahead with a major technology-driven transformation under an ambitious digitisation programme featuring a 1,700-kilometre fibre optic network and smart railway systems aimed at modernising operations, freight management and passenger services across the country. According to official project documents available with Wealth Pakistan, the initiative forms part of Pakistan Railways’ Railway…
ISLAMABAD: The foreign ministers of 14 countries, including Pakistan, issued a joint statement on Sunday condemning the “illegal and unacceptable” opening of a purported embassy by the “so-called Somaliland region” in occupied Jerusalem. The statement, shared by the Ministry of Foreign Affairs on X, was signed by the foreign ministers of Pakistan, Egypt, Saudi Arabia,…
. QINYUAN: Rescuers in northern China searched on Sunday for two people still missing after a gas explosion killed 82 in a mine that authorities said was beset by serious safety violations. The blast at the Liushenyu shaft in Shanxi province on Friday was the country’s worst mining disaster in nearly two decades, with 247…
PM addresses B2B investment confab in Hangzhou; highlights opportunities in agri, mineral secters Prime Minister Shehbaz Sharif walks with China’s Environment and Ecology Minister Huang Runqiu after arrival at Beijing Capital International Airport. Photo: APP HANGZHOU: Pakistani and Chinese companies signed agreements and memorandums of understanding (MoUs) worth more than $7 billion during a series…