Govt mulls 20% windfall gain tax

ISLAMABAD: The government is considering proposals either seeking imposition of a windfall gain tax to take a pie out of the estimated Rs130 billion profit being earned by oil sector companies during war time or a mechanism to pay back to consumers after recovering the money from these entities. Prime Minister Shehbaz Sharif has constituted…

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Glasner seeks ‘perfect ending’ to Palace

LONDON: Crystal Palace manager Oliver Glasner wants to secure a “perfect ending” to his successful two-year reign with victory over Rayo Vallecano in the Europa Conference League final in Leipzig, Germany on Wednesday. The Austrian will be in the Palace dugout for the last time having overseen an era of unprecedented success at Selhurst Park…

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Suspect arrested in 15 Hours after killing sister, husband in Karachi honour killing

Confesses to involvement in sister and brother-in-law’s murder, names accomplices KARACHI: The Karachi police arrested a suspect on Tuesday after a newly married couple’s honour killing in Malir Saudabad. A statement from the Korangi police spokesperson said the primary suspect was arrested within the limits of Sachal Police Station, adding that the motorcyclist who accompanied him during the attack remained at…

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Oil storage licences, renewals under scrutiny

ISLAMABAD: The Federal Investigation Agency (FIA) has launched inquiries into the issuance and renewal of oil storage licences, misreporting and illegal price differential claims (PDCs). At present, the FIA Karachi Circle is investigating two scams. In a scandal, the role of director general oil of the Petroleum Division is being investigated. In the second case,…

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Scotland seek history on World Cup return

LONDON: Scotland return to the global stage at a first World Cup for 28 years determined not to just make up the numbers as Steve Clarke’s side aim to finally end generations of group-stage heartbreak. In 12 previous attempts at major tournaments Scotland have fallen short of making the knockout stages.However, the new format at…

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Football unites nations at world football day event in Islamabad

ISLAMABAD: Pakistan Football Federation XI produced an impressive performance to defeat United Nations (UN) XI 3-1 in a vibrant exhibition match held to celebrate World Football Day at the Jinnah Stadium, Islamabad. The event which organised by Pakistan Football Federation (PFF) brought together diplomats, football personalities, and international representatives to promote the message of peace,…

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Fire erupts at three points in Margalla Hills

ISLAMABAD: A fire broke out at three separate points in the Margalla Hills behind Sector F-5, prompting a large-scale response from the district administration, with more than 65 personnel engaged in firefighting operations. Officials said strong winds spread the fire to multiple locations, complicating efforts by rescue and firefighting teams. The district administration confirmed that…

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LCCI urges fair tax targets, higher PSDP

Proposes 4?5% FBR revenue increase, 10?12% defence rise, and removal of infrastructure cess LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has presented its shadow budget for fiscal year 2026?27 and urged the government to design a balanced, business?friendly federal budget, according to a statement issued on Monday. LCCI President Faheemur Rehman Saigol said…

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Sinner, Gauff eyeing fast French Open starts

Jannik Sinner is the overwhelming favourite in the men’s draw in the absence of injured rival Carlos Alcaraz. Photo: AFP LONDON: Jannik Sinner will start his first bid to complete the career Grand Slam at Roland Garros on Tuesday, with Coco Gauff getting her French Open title defence under way. World number one Sinner is…

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