Mazar tax exemption okayed

ISLAMABAD: After 58 years, Pakistan has decided to exempt the income of the Quaid-e-Azam Mazar Management Board from tax and is also set to legally allow traders to exit the optional fixed income tax scheme just one year after opting in. These amendments are part of the Finance Bill 2026, which Finance Minister Muhammad Aurangzeb…

Read More

Sindh education boards split under dual control

CM, minister share authority in unprecedented move amid corruption probes, exam irregularities KARACHI: In a move that has stirred debate in education and bureaucracy circles of Sindh, the provincial government’s decision to split the controlling authority of educational boards between the chief minister and the minister for universities and boards has introduced what officials describe…

Read More

Ending oil dependency cycle

With widespread damage to energy infrastructure in the Middle East, it is unclear how long global oil and gas markets will take to stabilise. What is already evident, however, is that the world will not return to the old normal, particularly for countries heavily dependent on energy imports from the region. The search for alternatives…

Read More

SPI inflation surges to 13.98% YoY

Tomatoes cheaper by 27.65%, potatoes up 3.13% as 19 essential items become costlier Major increase were recorded in the prices of electricity charges for the first quarter (54.02%), LPG (50.68%), petrol (44.10%), diesel (36.76%), wheat flour (36.06%), onions (31.89%) and tomatoes (23.46%). Photo: file KARACHI: The Sensitive Price Indicator (SPI) has jumped sharply by 13.98%…

Read More

Letter to Punjab IGP seeks ban on PUBG video game

Official says excessive violence in game triggers aggressive behaviour among youth A Reuters file image. LAHORE: A letter written to the Punjab inspector general of police (IGP) on Saturday sought a ban on online game Player Unknown’s Battlegrounds (PUBG). The letter was penned by SSP Liaqat Ali Malik on the instructions of CCPO Zulfiqar Hameed….

Read More

Two martyred in terrorist attack on security forces camp

Assailants attacked at night; two-hour gunfight leaves constable, security official martyred Funeral prayer of martyred Constable Irfanullah offered at the Police Lines in Lakki Marwat. PHOTO: KP POLICE DI KHAN: In a brazen overnight attack, terrorists belonging to the outlawed Fitna Al-Khawarij group targeted a security forces camp in Khyber-Pakhtunkhwa’s Lakki Marwat district on Thursday, martyring…

Read More

Anti-inflation protest descends into chaos

Man sells vegetables at the Empress Market in Karachi, Pakistan. PHOTO: REUTERS KARACHI: An anti-inflation protest by Pakistan Tehreek-e-Insaf (PTI) and allied groups descended into chaos on Sunday as police sealed key roads around the Karachi Press Club, clashed with demonstrators, and detained 15 activists, including women and former lawmakers. The crackdown disrupted traffic, forced…

Read More