The Supreme Court on Saturday barred the Federal Board of Revenue (FBR) from arresting or initiating criminal prosecution to recover tax due from defaulters without prior determination of their tax liability. “We have no hesitation to conclude that without investigative audit or issuance of show-cause notice or providing opportunity to explain the matters, registration of FIR, initiation of cri
The Government of Balochistan unveiled its budget for the fiscal year 2025–26 on June 17, 2025. With a substantial financial outlay of Rs1.03 trillion, the budget highlights a commitment to public welfare, with a strategic focus on health, education, and sustainable development. The allocation to non-development amounts to Rs639.88 billion, whereas Rs336.58bn has been allocated to the developme
Fatima Fertilizer has once again won two prestigious awards at the Pakistan Digital Awards 2025, marking its sixth consecutive year of recognition at this national platform. The company has been honoured with two awards: Green Digital Advertising Campaign Award for ‘Leading Sustainable Change for Pakistan’ – Sarsabz UNDP Campaign and Best Content of the Year for the soulful Ramadan Campaign: ‘A
A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock markets, which trade on Sunday, suggested investors were assuming a benign outcome, even as Iran intensified its missile attacks on Israel i
Pakistan’s external economy is walking a tightrope. Despite temporary relief from a surge in remittances and renewed International Monetary Fund (IMF) support, the structural vulnerabilities of the country’s external sector have only deepened. Mounting debt, low reserves, record-high profit repatriation, and geopolitical aftershocks are coalescing into a volatile mix as fiscal year 2024-25 draws t