The Islamabad High Court (IHC) has temporarily barred the government from collecting up to 15% additional taxes from banks that fail to meet private sector lending targets in 2024. Nearly a dozen banks have sought relief from the Islamabad High Court, protesting against the levy introduced in the 2025 federal budget. According to media reports, … Read more
This photo released on March 3, 2022, shows the FBR building. —Facebook/Federal Board of Revenue A system guided by the government’s vision to modernize tax infrastructure. The new system would eliminate the need for physical bank visits. It represents a major advance in revenue management. The Federal Board of Revenue (FBR) on Wednesday introduced a … Read more
State Bank of Pakistan building in Karachi. – Application/File KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that banks will remain closed on November 9 on the occasion of Iqbal Day, the birth anniversary of poet of the East Muhammad Iqbal. November 9 is celebrated as “Iqbal Day” across Pakistan on the occasion … Read more
Islamabad: The World Bank’s $213 million Integrated Flood Resilience and Adaptation Project (IFRAP) is gearing up for restructuring to promote rapid disbursement of funds for resilient housing reconstruction and restoration efforts in Pakistan. Official documents state that the IFRAP, signed on July 3, 2023, aims to revive and improve the livelihoods of communities affected by … Read more
The White House said President Biden is “deeply concerned” about a possible leak of US intelligence about Israel’s plans for an attack on Iran. Meanwhile, Israel is increasing pressure on Iran-backed Hezbollah in Lebanon, targeting the group’s financial network. Débora Patta reports.