The Federal Board of Revenue (FBR) has introduced a new sales tax collection mechanism for Pakistan’s steel industry, linking tax liability directly to electricity consumption in an effort to improve compliance and strengthen documentation across the sector. The new framework will apply to steel melters, re-rollers and composite units, including those generating their own electricity...
Two police personnel sustained minor injuries after an improvised explosive device (IED) exploded near a police van in Peshawar on Sunday, in the latest militant attack targeting law enforcement in Khyber Pakhtunkhwa. According to police, the explosion occurred near Pir Zakorhi Bridge, close to the Peshawar-Islamabad Motorway toll plaza, as a police vehicle was passing...
Pakistan’s proposed Auto Policy 2026–31, designed to accelerate the adoption of electric vehicles (EVs), has reportedly been shelved after local car manufacturers raised objections, forcing the government to restart the policy-making process. The Ministry of Industries and Production had prepared a new auto policy after consulting stakeholders, with a strong focus on promoting electric mobility...
The Pakistan Peoples Party (PPP) has voiced serious concerns over polling delays, staff shortages, and alleged electoral irregularities during the second phase of the Azad Jammu and Kashmir (AJK) Legislative Assembly elections, calling on the AJK Election Commission to take immediate corrective action. Speaking at a press conference in Islamabad, PPP AJK Election Cell In-charge...
US President Donald Trump has announced that he will postpone a planned military strike on Iran, saying he wants to give diplomacy an opportunity and hopes a swift agreement can be reached to ease tensions between the two countries. In a post on his Truth Social platform, Trump said he had agreed to cancel the...
A local court in Islamabad has ruled in favour of Planning and Development Minister Ahsan Iqbal in a defamation lawsuit against former federal minister Murad Saeed, ordering the latter to pay Rs2.5 million in damages over unproven corruption allegations related to the Multan-Sukkur Motorway project. Additional District and Sessions Judge Hakem Khan held that Murad...
President Asif Ali Zardari has approved the conferment of the Nishan-e-Imtiaz (Military) on General Syed Aamer Raza, the newly appointed Commander of Pakistan’s National Strategic Command, in recognition of his distinguished military service. The announcement was made through a statement issued by the Presidency and shared on the president’s official X account. General Aamer Raza...
Global oil prices fell by more than 1% on Friday as improved crude shipments through key maritime routes eased supply concerns, even as the conflict between the United States and Iran continued to fuel geopolitical uncertainty. Brent crude futures declined by $1.03, or 1.2%, to $88 per barrel, while US West Texas Intermediate (WTI) crude...
Two police officers were martyred after unidentified armed men ambushed a police patrol in the Daraban area of Dera Ismail Khan (DI Khan) on Friday, according to police officials. The attack has prompted a large-scale search operation to apprehend those responsible. Regional Police Officer Ghulam Mubashir Mekan said the attack occurred near Shah Alam Mor...
The US State Department’s Rewards for Justice programme has announced a $15 million reward for information leading to the disruption of an alleged financial network linked to Kimia Pars Sivan Company (KIPAS), which Washington claims supports the drone operations of Iran’s Islamic Revolutionary Guard Corps (IRGC) Quds Force. In a statement posted on X, the...