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Govt pledges AML action

[ The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) that it will enhance interagency data sharing to curb money laundering, as the government has finally decided to move against … Read more

Little respite in Ukraine as air strikes ring out

Since the ceasefire began, the two countries have traded accusations of violating it with attacks on civilians ZAPORIZHZHIA: In Ukraine’s southeastern city of Zaporizhzhia, a three-day ceasefire between Kyiv and Moscow expiring later on Monday brought little respite to residents exhausted by more than four years of Russia’s invasion. The three-day truce was announced on … Read more

Celebs honour silent strength of motherhood

photo instagram sabooraly

Stars share heartfelt Mother’s Day tributes filled with love, grief and gratitude Pakistan’s entertainment industry turned social media into a deeply emotional space on Mother’s Day, as actors, singers and television personalities shared tributes celebrating the women they described as their source of comfort, strength and unconditional love. From nostalgic childhood photographs to reflections on … Read more

Petroleum levy crosses Rs1.2tr in nine months

ISLAMABAD: The government collected more than Rs1.2 trillion from consumers in petroleum levy during the first nine months of the current fiscal year, while over Rs35 billion was recovered under the Climate Support Levy (CSL), according to official documents. The documents further revealed that electricity consumers across the country paid more than Rs1.9 trillion in … Read more

PSX sheds 610 points in cautious trading

[ KARACHI: Investors offloaded their holdings at the Pakistan Stock Exchange (PSX) on Monday over uncertainty surrounding US-Iran negotiations for a peace deal, which pulled the KSE-100 index down by 610 points. In the morning, trading commenced on a negative note, with the benchmark index sliding 1,433.57 points, or 0.84%, within minutes to hit 169,682.25 … Read more

FinMin eyes tech-led tax overhaul

[Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has emphasised the government's focus on transforming tax administration through reforms centred on people, processes and technology, during a meeting with a delegation of the Institute of Chartered Accountants of Pakistan (ICAP), according to an official statement issued on Monday. Welcoming the delegation, the finance minister … Read more

Govt extends austerity drive for a month

Prime Minister Shehbaz Sharif calls on President Asif Ali Zardari at Aiwan-e-Sadr. PHOTO: PID ISLAMABAD: Prime Minister Shehbaz Sharif on Monday extended the nationwide austerity drive and fuel conservation measures until June 13 as the government continues to manage economic pressure caused by the Middle East conflict and rising global oil prices. According to a … Read more