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Gold Prices Hit All-Time High

Gold Prices Hit All-Time High in Pakistan Amid Global Surge

Gold prices in Pakistan soared once again, reaching a record high as international market trends continued to push rates upward.…

Business
PSG Return to Champions League Final

PSG Return to Champions League Final After Beating Arsenal in Semi-Final

Paris St-Germain booked their place in the UEFA Champions League final for the second time in five years with a…

Sports
Updated points table after match 26th in PSL

Updated Points Table After Gladiators Run Riot as United Collapse

Quetta Gladiators delivered a powerful statement in the Pakistan Super League (PSL) 10 by thrashing Islamabad United with a 109-run…

PSL 2025Sports
out of school children

Poverty, Gender Gaps Keep Millions of KP Children Out of Classrooms

A new report by the Khyber Pakhtunkhwa (KP) Education Department has revealed that over one-third of children in the province…

Education
A leading economic think tank has called on the government to immediately withdraw the Tax Laws (Amendment) Ordinance 2025, warning it threatens Pakistan’s business climate and judicial independence. The Economic Policy and Business Development (EPBD) group said the ordinance, signed by the President on May 2, grants tax authorities sweeping powers that could disrupt cash flows, undermine legal safeguards, and damage investor confidence. The group highlighted three key changes that raised serious concerns: Immediate Tax Recovery: Amendments to the Income Tax Ordinance now allow authorities to demand immediate payment once courts decide cases—removing established legal buffers and stay provisions. On-site Monitoring: A new section permits tax officials to be physically present at business premises for ongoing monitoring, raising fears of operational disruption and privacy invasion. Broader Seizure Powers: Changes to the Federal Excise Act allow any government officer—not just tax officials—to confiscate goods over technical violations, increasing business uncertainty. EPBD said these measures were unjustified, especially as tax compliance had improved despite economic challenges. It warned the ordinance could deter both domestic and foreign investment, reduce economic productivity, and burden businesses with intrusive oversight. The group also raised constitutional concerns, saying the ordinance weakens judicial authority and sets a troubling precedent for governance in Pakistan. EPBD urged the government to withdraw the ordinance, allow parliamentary debate, and engage stakeholders. It also recommended restoring legal safeguards, avoiding blanket monitoring, and focusing on expenditure reforms rather than harsh tax measures.

Think Tank Urges Withdrawal of Tax Ordinance Amid Business Fears

A leading economic think tank has called on the government to immediately withdraw the Tax Laws (Amendment) Ordinance 2025, warning…

Business
Rihanna Announces Third Pregnancy

Rihanna Announces Third Pregnancy at the 2025 Met Gala in Style

Rihanna confirmed she is expecting her third child during a glamorous appearance at the 2025 Met Gala in New York.…

Entertainment