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Govt mulls 20% windfall gain tax

[ ISLAMABAD: The government is considering proposals either seeking imposition of a windfall gain tax to take a pie out of the estimated Rs130 billion profit being earned by oil sector companies during war time or a mechanism to pay back to consumers after recovering the money from these entities. Prime Minister Shehbaz Sharif has … Read more

Oil storage licences, renewals under scrutiny

[ ISLAMABAD: The Federal Investigation Agency (FIA) has launched inquiries into the issuance and renewal of oil storage licences, misreporting and illegal price differential claims (PDCs). At present, the FIA Karachi Circle is investigating two scams. In a scandal, the role of director general oil of the Petroleum Division is being investigated. In the second … Read more

Russia tells US to evacuate its diplomats and citizens from Kyiv

According to Bloomberg, Lavrov calls Rubio at Putin’s request, warns of strikes on Kyiv’s ‘decision-making centres’ Russian Foreign Minister Sergei Lavrov with US Secretary of State Marco Rubio. PHOTO: AFP Russian Foreign Minister Sergei Lavrov called United States State Secretary Marco Rubio to advise him to evacuate US citizens and diplomats from Kyiv, as the … Read more

Imtiaz Ali clarifies ‘good girl facade’ comment about Deepika Padukone after fan backlash

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Filmmaker says comments were misunderstood, posts Instagram note assuring actor he meant no harm Indian filmmaker Imtiaz Ali recently came under fire for his remarks about actor Deepika Padukone, in which he suggested that her “good girl persona” was a facade. Ali later took to social media to clarify that he shares a close friendship … Read more

India, US sign framework on supply of critical minerals, rare earths

India and the US on Tuesday signed a bilateral framework to secure the supply and processing of critical minerals and rare earths. India’s Minister of External Affairs S. Jaishankar, who signed the document along with his US counterpart, Secretary of State Marco Rubio, after the Quad foreign affairs meeting in New Delhi, said the framework … Read more

LCCI urges fair tax targets, higher PSDP

[ Proposes 4?5% FBR revenue increase, 10?12% defence rise, and removal of infrastructure cess LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has presented its shadow budget for fiscal year 2026?27 and urged the government to design a balanced, business?friendly federal budget, according to a statement issued on Monday. LCCI President Faheemur Rehman Saigol … Read more