Usman Khan raises his bat after scoring century. – PCB Panthers posted a 329-run target against Dolphins in the third game of the Champions One-Day Cup at Iqbal Stadium in Faisalabad after Usman Khan registered his first List A century while Haider Ali and captain Shadab Khan hit fifties. After both the openers fell early, … Read more
Markhors’ Kamran Ghulam celebrates his century during Markhors vs Panthers match of the Champions One-Day Cup at Iqbal Stadium in Faisalabad on September 12, 2024. – PCB Right-handed batter Kamran Ghulam registered his seventh List A century helping the Markhors post a 348-run target against Panthers in the opening match of the Champions One-Day Cup … Read more
ISLAMABAD: In a significant setback, the government has missed its two-month tax collection target by a wide margin of Rs111 billion, despite imposing a record Rs1.8 trillion in new taxes in the budgetexacerbating economic hardship for citizens. This shortfall casts serious doubt on the credibility of the national budget and the feasibility of the $7 … Read more
QUETTA: Armed men have killed 23 people after forcing them off their vehicles at a roadblock put up on a highway in Balochistan’s Musakhail district, the police reported on Monday. The attackers targeted trucks and buses on an inter-provincial highway near Rarah Sham, according to Musakhail’s police chief, Ayub Achakzai. The victims, primarily from Punjab, … Read more
The government raised Rs397 billion through a recent auction of Treasury Bills (T-bills), exceeding the initial target of Rs150 billion. According to the data from the State Bank of Pakistan (SBP), the cut-off yields were reduced to 17.4902% for 3-month, 17.7449% for 6-month, and 16.9999% for 12-month T-bills. This decline in cut-off yields on market … Read more
The Pakistan Stock Exchange (PSX) raised Rs119.68 billion in the 12th auction of Government of Pakistan Ijara Sukuk (GIS) on Thursday, surpassing the Ministry of Finance’s initial target of Rs100 billion. During the auction, the PSX received bids amounting to Rs444.51 billion, distributed among different GIS categories: Rs176.05 billion for GIS Fixed Rental Rate (FRD), … Read more
The Federal Board of Revenue (FBR) has so far registered over 58,000 small traders and shopkeepers under the Tajir Dost Scheme, a shortfall from the target of 3.2 million. The scheme aims to bring a large number of small businesses into the tax net, with the FBR projecting a total collection of Rs40 billion for … Read more
ISLAMABAD: The federal government has unveiled a five-year strategy to expand its tax base, with a goal of integrating over 20 million new taxpayers into the system. This comprehensive revenue generation plan has been shared with the International Monetary Fund (IMF) as part of ongoing fiscal reforms. The strategy outlines specific targets for tax net … Read more
TEL AVIV: Israel has pledged to eliminate Yahya Sinwar, the new Hamas leader and alleged mastermind of the October 7 attack, amid escalating regional tensions as the Gaza war enters its 11th month. Sinwar’s appointment to lead the Palestinian militant group comes as Israel braces for possible Iranian retaliation following the killing of his predecessor, … Read more
BRASILIA: Brazil’s Finance Minister, Fernando Haddad, announced on Thursday a plan to freeze 15 billion reais ($2.70 billion) from the 2024 budget. This move comes as the government grapples with meeting its fiscal targets for the year, following market pressures to reduce spending after a recent decline in local asset values. Of the total amount … Read more