Finance Minister Muhammad Aurangzeb on Friday unveiled tax relief measures for four income slabs of salaried employees and announced the removal of the surcharge, following directives from Prime Minister Shehbaz Sharif, while presenting the 2026–27 Federal Budget in the National Assembly. Speaking in the National Assembly, Aurangzeb said, “I am pleased to announce that under…
National Assembly. PHOTO: RADIO PAKISTAN ISLAMABAD: The National Assembly Standing Committee on Finance on Thursday approved a bill to give state land on lease free of cost to private developers for the development of special economic zones (SEZs) and barred courts from taking cognisance of commercial legal disputes related to these zones. The committee approved…
Canada’s Liberals clinch majority, solidifying Carney’s leadership until 2029 Canadian Prime Minister Mark Carney. PHOTO: REUTERS Canadian Prime Minister Mark Carney secured a parliamentary majority for his Liberal government on Monday, a win that he has said will help him deal more effectively with the trade war started by US President Donald Trump. It will…
Aurangzeb says lower tax rate will help discourage informal fund transfers and strengthen formal channels Budget 2026-27: Internet shoppers rejoice as govt proposes 90% cut in withholding tax on overseas card transactions In a move aimed at promoting the documentation of the economy through formal financial channels, the government on Friday proposed a 90 per cent…
UN warns Gaza littered with unexploded ordnance, endangering lives and long-term recovery efforts Palestinian children play with animals at the rehabilitation space in the Nuseirat Refugee Camp.PHOTO:AFP Light-hearted chatter ripples through a tent in the central Gaza Strip as a boy in a wheelchair gently strokes a white rabbit and another stands entranced by a…
MEXICO CITY: Manchester United’s Amad Diallo struck in the 90th minute as Ivory Coast stunned Ecuador and their huge support to edge a tight affair 1-0 in their World Cup opener on Sunday. The Group E encounter had looked set to finish 0-0, hardly a surprise given Ecuador’s incredible defensive record during qualifying, and that result may…
Clarifies that measures for which no specific period has been defined will remain applicable until further notice Prime Minister Shehbaz Sharif. Photo: Radio Pakistan Prime Minister Shehbaz Sharif on Monday extended several austerity measures aimed at reducing fuel consumption till June 13 to cope with the ongoing fuel crisis amid the US-Iran conflict. According to a notification…
Meat policy finalised as 300,000 traceable livestock available for export, SAPM told ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan held a meeting with Punjab Provincial Minister for Agriculture and Livestock Syed Ashiq Hussain Shah to discuss development of the agriculture and livestock sectors and enhance coordination between…