FLORIDA: Unfavorable weather in Florida threatens Pakistan’s T20 World Cup Super-8 hopes. Florida’s National Weather Service predicts thunderstorms for the remaining Group A matches, causing concern for Pakistan’s cricket team struggling to advance. India has already secured a Super-8 spot, leaving one spot for either Pakistan or the USA. The USA vs Ireland match holds immense significance, especially for Pakistan, whose fate depends on the outcome. Pakistan faces Ireland on Sunday at the Central Broward Regional Park Stadium. Their Super-8 chances rely on the USA vs Ireland result tomorrow. If the match between the USA and Ireland ends in a…
Author: Sajjad Ali
Sajjad Ali
Sajjad Ali is ‘Online Web Editor of Khyber News. He is a journalist by profession and working in field for the last ten years. Previously he worked for national media organizations including ‘The Nation’ Daily Pakistan Today, Khyber News. He also worked in media development sector. He can be reached at sajjad.sovereign@gmail.com
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ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, announced on Thursday that Pakistan aims to achieve a tax-to-GDP ratio of up to 13 percent by 2027, highlighting that the current ratio below 10 percent is unsustainable. During the post-budget press conference, the finance minister emphasized the need to increase the tax-to-GDP ratio to 13 percent over the next three years. He pointed out that, according to international benchmarks, no country can sustain a 9.5 percent tax-to-GDP ratio without external assistance. Therefore, enhancing this ratio is crucial. Aurangzeb stressed the importance of eliminating the undocumented economy through comprehensive digitization to…
ISLAMABAD: The federal government has proposed major changes in tax policies for the fiscal year 2024-25, including doubling the sales tax on computers and laptops from 5% to 10%, and imposing an 18% sales tax on mobile phones. The decision to increase sales taxes on these electronics aims to bolster government revenue but is expected to lead to higher prices for consumers. Finance Minister Senator Muhammad Aurangzeb also announced substantial relief measures for government employees, with salary increases of up to 25% proposed for grades 1-16 and 20% for grades 17-22. Pensions for retired employees are set to rise by…
ISLAMABAD: Prime Minister Shehbaz Sharif visited the residence of Jamiat Ulema-e-Islam chief Maulana Fazlur Rehman in Islamabad on Thursday to mend relations strained since the February 2024 general elections. During their meeting, PM Sharif praised Fazlur Rehman’s efforts in upholding democracy in Pakistan and acknowledged his contributions to religious services. In an effort to reconcile, PM Shehbaz Sharif proposed the establishment of a committee. Fazlur Rehman has been vocal about alleged election rigging and has called for fresh elections to rectify what he claims are widespread irregularities. In a recent public address in Karachi, he criticized the legitimacy of the…
ISLAMABAD: The District and Sessions Court of Islamabad Thursday acquitted Pakistan Tehreek-e-Insaf (PTI) leader Shehryar Khan Afridi and others in the case based on the events of May 9. The court pronounced the verdict for Shehryar Afridi in the case filed in I-9 police station on the incidents of May 9. Judicial Magistrate Malik Muhammad Imran pronounced a protective verdict. It is pertinent to note that Shehryar Afridi and PTI workers were booked on May 9 under the provisions of arson and vandalism.
LAHORE: The Lahore High Court (LHC) Chief Justice Malik Shahzad remarked that the people sitting in the government want to refer cases to their Favourite judge. The government has no trust in the judges of LHC or Islamabad High Court (IHC). The LHC on Thursday rejected the government’s request to transfer the cases of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and Shah Mehmood Qureshi to another court. Chief Justice Malik Shahzad Ahmed Khan presided over the hearing regarding the government’s request to move the May 9 cases involving Imran Khan, Shah Mehmood Qureshi, and other accused from a Rawalpindi court…
ISLAMABAD: Pakistan’s government has shown a strong commitment to the Information Technology sector in the fiscal year 2024-25 budget. A substantial allocation of Rs 79 billion has been earmarked for the Information Technology sector, with Rs 7 billion dedicated to digitalization and reforms within the Federal Board of Revenue (FBR) to enhance its performance. Additionally, the budget allocates Rs 1 billion for the Ministry of Information Technology and Telecommunication to establish the National Digital Commission (NDC) and the Digital Pakistan Authority (DPA). Finance and Revenue Minister Senator Muhammad Aurangzeb highlighted the objectives of these entities, emphasizing their role in driving…
ISLAMABAD: Pakistan’s coalition government presented the finance bill in the National Assembly on Wednesday, with a significant increase in income taxes for the salaried class to meet IMF conditions for a new loan programme. Under the new federal budget for 2024-25, the salaried class will now be subject to up to 35 percent income tax, in addition to the existing 18 percent sales taxes and property taxes. The revised income tax slabs for the salaried class indicate that a higher tax rate will apply from July 1, 2024, for individuals with annual taxable income exceeding Rs. 600,000. For those with taxable…
ISLAMABAD: The Pakistani government is set to intensify measures against non-tax filers, proposing a ban on their foreign travel as part of the new budget. Under the proposed budget, non-filers will also face a 75% tax on mobile phone calls. Additionally, the Advance Withholding Tax on non-filer businessmen is proposed to increase from 1% to 2.25%. The government also plans to raise the Progressive Withholding Tax on all three categories of immovable properties owned by non-filers. These measures aim to bring non-filers into the tax net, alongside other proposed taxes and enforcement mechanisms. The Federal Board of Revenue (FBR) seeks…
RAWALPINDI: Security forces have conducted 7,745 small and major intelligence-based operations in over two months against terrorists and their facilitators, during which 181 terrorists were killed while 62 others were arrested. As per details, security forces, police, and the Counter Terrorism Department conducted 7,745 anti-terror operations from April 1 to June 10, 2024, in Khyber Pakhtunkhwa, Punjab, and Sindh. The province-wise breakdown shows that out of 7,745 operations, 4,902 were conducted in Balochistan in which 51 terrorists were killed, while 2,701 were conducted in Khyber Pakhtunkhwa in which 128 terrorists were killed. Two terrorists were killed in 142 anti-terror operations…
