New Section 53A allows targeted withholding tax relief for financially stressed businesses, excluding minimum tax under Section 113
(more…)Author: Hamza Shahnawaz
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Finance Act, 2026: FBR tightens noose around insurance business
New law imposes final tax on early life insurance and family takaful payouts to curb tax avoidance
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Finance Act, 2026: Govt withdraws proposed law for OMCs
Government drops Finance Bill proposals on petroleum levy enforcement, recovery mechanism and mandatory reporting for oil companies
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Finance Act, 2026: New Islamabad Token Tax Rates Take Effect from July 1
Private vehicles up to 1,000cc to pay Rs20,000 lifetime token tax, while larger vehicles face annual levy based on invoice value from July 1, 2026.
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Pakistan Exceeds 150,000 Hajj Registrations Through Digital Portal
Ministry says online Hajj system surpasses target in eight days as government advances plans for fully digital pilgrimage services.
ISLAMABAD, June 29, 2026 – Pakistan’s Ministry of Religious Affairs and Interfaith Harmony has exceeded its target of registering 150,000 Hajj applications within just eight days through its online Hajj portal, marking a significant milestone in the government’s push toward digital public services.
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Sydney Sweeney’s ‘Americana’ Climbs Hulu Charts After Streaming Success
Sydney Sweeney’s crime thriller Americana has emerged as one of Hulu’s most-watched films, adding to the actress’s growing momentum following the conclusion of HBO’s hit drama Euphoria.
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Michael Becomes Highest-Grossing Biopic Ever at Box Office
Michael Jackson film surpasses Oppenheimer globally and nears the $1 billion milestone
Michael, the biographical drama based on the life of pop icon Michael Jackson, has become the highest-grossing biopic in cinema history, surpassing Christopher Nolan’s Oppenheimer at the worldwide box office.
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Milly Alcock Says She Is ‘Terrified’ of Being Idolised as Supergirl
The Australian actress says Supergirl’s flaws and trauma make the character more relatable to audiences.
Milly Alcock has admitted she is frightened by the prospect of becoming a role model after taking on the lead role in the new DC Universe film Supergirl.
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Developing Countries Paying Price of US-Iran War, UNDP Warns
Rising energy costs threaten development spending as poorer nations face growing debt and subsidy burdens
Developing countries are bearing the economic cost of escalating tensions between the United States and Iran, as higher energy prices force governments to divert billions of dollars from development priorities to fuel subsidies, according to a new United Nations Development Programme (UNDP) report.
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Pakistan’s Foreign Exchange Reserves Drop $1.3 Billion on Debt Repayments
SBP expects reserves to rebound as $2.4 billion inflows arrive before fiscal year-end
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $1.305 billion during the week ended June 19, 2026, mainly due to external debt repayments, the central bank said on Monday.
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