FTO pushes faceless refund system

FBR’s FIFO policy cannot override taxpayer rights, Ombudsman rules after Rs42.86m refund delay ISLAMABAD: The Federal Tax Ombudsman has recommended that the Federal Board of Revenue (FBR) introduce a faceless income tax refund system to enable electronic transfer of refunds directly into taxpayers’ bank accounts after automated verification of eligible claims. The recommendation was issued…

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Quade Cooper eyes World Cup comeback

SYDNEY: Veteran 38-year-old Wallabies playmaker Quade Cooper says he never retired and is eyeing a comeback for next year’s World Cup on home soil. The 80-Test flyhalf took up a coaching role with Japanese club Kintestu Liners for the 2025–26 season, with many assuming he had hung up his boots. But Cooper, who was a…

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Climate forum planned to cut wheat imports

National forum to tackle food security as minister outlines livestock exports, seed certification push ISLAMABAD: Pakistan and the Food and Agriculture Organisation (FAO) have agreed to organise a National Climate Forum to strengthen climate action in agriculture, as the country seeks to build resilience against the impacts of climate change despite its negligible contribution to…

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Gold prices in Pakistan Today

KARACHI: Gold prices declined in global and local markets on Saturday, with bullion rates in the domestic market falling in line with a drop in international prices. In the international bullion market, gold prices fell by $37 per ounce to $4,043 per ounce. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the…

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CTD arrests 54 suspected terrorists including ‘five RAW agents’ during IBOs across Punjab

The Punjab Counter Terrorism Department (CTD) said on Saturday that it had arrested 54 terrorists, including five agents of India’s Research and Analysis Wing (RAW), during intelligence-based operations (IBOs) conducted across the province over the past two months.  In a statement, CTD Spokesperson Ali Nawaz said a total of 419 intelligence-based operations were carried out in…

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Gold up Rs3,000 despite global dip

KARACHI: Gold prices in the local market increased on Friday even as international rates declined, with the yellow metal still heading for its first monthly gain in five months. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs3,000 to Rs430,436. Ten-gram gold…

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Nakashima ousts top seed de Minaur

American Brandon Nakashima celebrates after defeating top-seeded defending champion Alex de Minaur of Australia in the Washington Open quarter-finals. Photo: AFP WASHINGTON: Defending champion Alex de Minaur and second-seeded Ben Shelton were bounced out of the Washington Open on Friday as upsets marked the quarter-finals of the combined ATP and WTA event. Top-seeded Aussie de…

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