PPP leads unofficial results in Sindh local body by-elections

KARACHI: The unofficial results of by-elections for 28 local government seats across 14 districts of Sindh, including three in Karachi, showed the Pakistan Peoples Party emerging as the front-runner. The Election Commission of Pakistan has so far released unofficial results for 20 seats. According to the preliminary figures, PPP candidates secured victory on 17 seats, while … Read more

Crypto goes legit in Pakistan as govt rolls out licences

[ Pakistan has formally launched the licencing process for cryptocurrency exchanges, marking a key milestone for the country’s digital finance sector. The Pakistan Virtual Assets Regulatory Authority has invited global crypto service providers to apply for licences to operate in the country. Experts estimate that Pakistan’s crypto market currently serves around 40 million users, with … Read more

CII backtracks on withholding tax ruling, says no final decision made

The Council of Islamic Ideology retracted its earlier statement declaring withholding tax on financial transactions as “un-Islamic,” clarifying that no final decision had been made on the matter. The 342nd meeting of the CII on Wednesday described the withholding tax on fund transfers and cash withdrawals as excessive and inconsistent with Islamic principles in its initial communiqué. … Read more