FBR misses IMF target by Rs975b

The FBR collected Rs6.6 trillion in income tax, missing the goal by Rs323 billion. Receipts were 13.5% higher than last year, inclusive of super tax. photo:file ISLAMABAD: Pakistan has missed the International Monetary Fund (IMF) condition on federal tax collection by a margin of Rs975 billion, as the Federal Board of Revenue (FBR) only managed…

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Pakistan urges India to release 97 prisoners during biannual lists exchange

Pakistan hands over list of 250 Indian prisoners, consisting of 52 civilian prisoners and 198 fishermen Pakistani Rangers (wearing black uniforms) and Indian Border Security Force (BSF) officers lower their national flags during parade on the Pakistan’s 72nd Independence Day, at the Pakistan-India joint check-post at Wagah border, near Lahore. PHOTO: REUTERS/FILE Pakistan and India…

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PM Shehbaz orders emergency response committee, provincial preparedness ahead of monsoon

Separately, PM directs OPF to prepare roadmap for overseas Pakistanis’ welfare, calls for momentum in ongoing projects Prime Minister Shehbaz Sharif chairs reviews meeting on preparedness for Monsoon season and strategy to counter climate threats. PHOTO: PID Prime Minister Shehbaz Sharif on Wednesday ordered the formation of a federal emergency response committee and directed the…

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Sindh motor insurance surges 1,374% after mandate

ISLAMABAD: Third-party motor insurance coverage in Sindh has surged 1,374% within three months of the provincial government making it mandatory for all registered vehicles, according to the Securities and Exchange Commission of Pakistan (SECP). Following the enactment of the Provincial Motor Vehicles (Amendment) Act, 2026, in March, active third-party policies in Sindh increased from 11,200…

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Gold prices in Pakistan Today

KARACHI: Gold and silver prices fell in both international and domestic markets on Wednesday, with the price of gold in the global bullion market declining by $52 to $3,972 per ounce. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the domestic market, the price of gold per tola declined by Rs5,200 to…

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Pakistan rebuffs India’s statement on ‘targeted actions’ against terrorist infrastructure in Afghanistan

Says India has been actively aiding, sponsoring terrorist groups operating from Afghan soil against Pakistan Pakistan on Wednesday rejected India’s criticism of its recent “targeted and proportionate” actions against terrorist infrastructure in Afghanistan, calling New Delhi’s remarks “baseless” and accusing India of supporting terrorist groups operating against Pakistan. “Pakistan rejects the baseless statement by the…

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Senate briefed on alternative sourcing amid turmoil

PSO details contingency measures; committee seeks accountability over Multan LPG tanker explosion KARACHI: The Senate Standing Committee on Petroleum has reviewed the country’s fuel supply situation and energy security during a meeting at Pakistan State Oil (PSO) headquarters, with members expressing satisfaction over measures taken to ensure uninterrupted petroleum supplies amid regional challenges. PSO officials…

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FCC faults SHC for judicial overreach

ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that the Sindh High Court (SHC) committed “judicial overreach” by exercising suo motu jurisdiction against police officials and interfering in policy guidelines without justification. Such powers, the FCC stated, are not available to high courts under Article 199 of the Constitution. In a two-page judgment, a two-member…

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