ISLAMABAD: The principal reason for low revenue collection in Pakistan is weak fiscal management and a policy framework designed to appease tax evaders while burdening the already documented sectors. In 2026, while the numbers have become astronomical, the underlying disease remains unchanged. The Federal Board of Revenue (FBR) is still missing targets, relying excessively on…
Gold prices fell further in both international and domestic markets on Monday, extending losses from the previous trading session amid weakness in the global bullion market. In the international bullion market, the price of gold declined by $30.94 per ounce to $4,297 on the first trading day of the week. Following the global trend, the domestic…
Says it remains committed to OPEC but wants its production quota raised to match its oil output capacity Iraq may reconsider its membership in OPEC if the producer group does not raise the country’s oil production quota, Bloomberg reported on Thursday, citing Iraq’s Oil Ministry. The ministry has no current intention of withdrawing from the…
. The Economic Survey for the outgoing year paints an optimistic outlook of the economy, despite the growth target being missed. The survey highlights notable macroeconomic progress featuring enhanced fiscal discipline, LSM growth and exchange rate stabilisation. Importantly, the agricultural sector demonstrated sustained resilience against the dual pressures of climate degradation and extra-monsoonal floods. Moreover,…
Court grants bail to accused as inquiry launched against SI Shehzan over altercation video; report sought in 3 days The case involving an altercation between a police sub-inspector (SI) and a young man during snap checking in the upscale Defence area of the metropolis has taken a new turn, with the accused being released on…
North Korea has defied sanctions imposed by UN, US banning Pyongyang from developing nuclear weapons, missile systems A test-launch of 600 mm-calibre multiple rocket launchers is overseen by North Korean leader Kim Jong Un (not pictured), North Korea, March 14, 2026, in this picture released by North Korea’s official Korean Central News Agency. PHOTO: REUTERS North…
PESHAWAR: In a significant show of unity, opposition parties in Khyber-Pakhtunkhwa have decided to field a consensus candidate for the lone vacant Senate seat from the province. The decision was reached during a consultative meeting convened by Jamiat Ulema-e-Islam Fazl (JUI-F) Khyber-Pakhtunkhwa at the Mufti Mahmood Markaz in Peshawar. The meeting, presided over by JUI…
Taameer Group expresses interest in expanding investments in hospitality, hotel, real estate, and construction sectors Prime Minister Shehbaz Sharif meets a Qatar-based investment delegation led by Taameer Group founder Muhammad Hussein Al Ali. GOVT OF PAKISTAN Prime Minister Shehbaz Sharif on Friday held talks with a delegation from Qatar-based Taameer Group, led by the group’s…
Vows resettlement of displaced communities if party forms government in Gilgit-Baltistan DIAMER: PPP Chairman Bilawal Bhutto Zardari on Wednesday called on the federal government to expedite the completion of the Diamer-Bhasha Dam and pledged to resolve the resettlement issues faced by communities displaced by the mega project if his party wins the June 7 elections….
Says Pakistan considers water security ‘red line’ and will not allow violations of the Indus Waters Treaty Information Minister Attaullah Tarar, speaking in a special address marking the first anniversary of Prime Minister Shehbaz Sharif’s address at the Pakistan Military Academy (PMA) Kakul. SCREENGRAB Information Minister Attaullah Tarar said on Sunday that Prime Minister Shehbaz…