The government of Pakistan is planning significant income tax cuts for salaried individuals and companies as part of the upcoming fiscal budget, with discussions currently underway with the International Monetary Fund (IMF). According to official proposals shared with the IMF, the government aims to provide relief to taxpayers by lowering income tax rates across multiple…
Khyber-Pakhtunkhwa is currently facing serious wheat supply challenges, prompting Governor Faisal Karim Kundi to propose inter-provincial talks with Sindh to address the crisis. Speaking at the Baniyan-e-Marsous and Stability of Pakistan Conference held at the Governor’s House in Peshawar, Kundi highlighted the urgency of resolving wheat shortages in the province. He stated that he is…
The Lahore High Court (LHC) has ruled that super tax under Section 4C of the Income Tax Ordinance, 2001 cannot be imposed on capital gains arising from the sale of inherited immovable property when the applicable capital gains tax rate is zero percent. The decision was issued by a two-member bench comprising Justice Jawad Hassan…
The Federal Constitutional Court (FCC) has dismissed petitions filed by the Sindh government and upheld the Sindh High Court (SHC) ruling regarding the appointment criteria for the Director General of the Sindh Environmental Protection Agency (SEPA). The court ruled that the appointment must strictly follow the legal and technical framework defined under the Recruitment Rules…
The State Bank of Pakistan (SBP) has officially finalized the designs for new currency notes and submitted them to the federal cabinet for approval. According to SBP Governor Jameel Ahmad, this initiative aims to modernize Pakistan’s currency system while introducing advanced security features to prevent counterfeit activities. The announcement was made during a meeting with…
The State Bank of Pakistan has announced the expansion of its nationwide cashless payments initiative for Eidul Azha, aiming to promote digital transactions across cattle markets and reduce reliance on cash. According to the central bank, the “Go Cashless” campaign has been significantly scaled up this year, with coverage increasing from 54 cattle markets in…
A new report by the Energy Transitions Commission has called for an accelerated transition towards renewable energy following disruptions linked to the Strait of Hormuz crisis, warning that reliance on fossil fuels continues to expose economies to major risks. According to the commission, recent instability in global energy markets has revealed the structural weaknesses of…
Pakistan and the United States have reaffirmed their commitment to strengthening security cooperation during high-level talks held in Islamabad, focusing on counter-terrorism, anti-narcotics efforts, and regional stability. The meeting took place between Interior Minister Mohsin Naqvi and US Deputy Assistant Secretary of State for South and Central Asian Affairs Paul Kapur. Acting US Ambassador Natalie…
President Asif Ali Zardari conferred a total of 47 military awards on officers and personnel of the Pakistan Armed Forces in recognition of their bravery, leadership, and distinguished service to the nation. The awards were presented during a prestigious investiture ceremony held at Aiwan-e-Sadr. The event was attended by First Lady Aseefa Bhutto Zardari, Senate…
The Government of Pakistan has announced a major step towards transparency by deciding to publish asset declarations of civil servants in a redacted form. This development comes as part of broader governance reforms linked to commitments made under the International Monetary Fund (IMF) programme. During a meeting of the Senate Standing Committee on Finance and…
