Author: Faisal Shahnawaz

  • Spain fine-tune World Cup preparations ahead of Peru friendly

    Spain fine-tune World Cup preparations ahead of Peru friendly

    De la Fuente likely to field World Cup starters as Spain prepare for Cabo Verde opener

    Spain travel to Mexico on Sunday for their second and final warm-up fixture ahead of the FIFA World Cup, with head coach Luis de la Fuente expected to field a side closely resembling the team set to begin the tournament against Cabo Verde on June 15.

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  • England defeat New Zealand by 115 runs in Lord’s thriller

    England defeat New Zealand by 115 runs in Lord’s thriller

    Ollie Robinson’s remarkable comeback performance guides England to a 1-0 lead in the Crowe-Thorpe Trophy

    England secured a hard-fought 115-run victory over New Zealand in the opening Test of the Crowe-Thorpe Trophy at Lord’s, overcoming challenging conditions and a spirited fightback from the visitors to take a 1-0 lead in the series.

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  • KTBA advocates major tax relief for NPOs in budget 2026-27

    KTBA advocates major tax relief for NPOs in budget 2026-27

    Karachi Tax Bar Association proposes removing surplus fund tax and administrative expense restrictions on non-profit organisations

    The Karachi Tax Bar Association (KTBA) has proposed significant tax relief measures for non-profit organisations (NPOs) in the Budget 2026-27, arguing that the existing tax framework restricts welfare activities and creates financial challenges for charitable institutions.

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  • Internet disruptions major obstacle in FBR’s e-bilty operations, says KCCI

    Internet disruptions major obstacle in FBR’s e-bilty operations, says KCCI

    Karachi Chamber calls for phased implementation of e-bilty system amid concerns over digital infrastructure shortcomings

    The Karachi Chamber of Commerce and Industry (KCCI) has identified persistent internet disruptions and inadequate digital infrastructure as major obstacles to the smooth implementation of the Federal Board of Revenue’s (FBR) e-bilty system, urging the government to reconsider its approach in the upcoming Budget 2026-27.

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  • KCCI calls for abolition of FBR’s bank account freezing powers

    KCCI calls for abolition of FBR’s bank account freezing powers

    Karachi Chamber calls for business-friendly tax reforms, digital verification and an end to disruptive enforcement practices

    The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to abolish the Federal Board of Revenue’s (FBR) authority to freeze bank accounts, arguing that the practice disrupts business operations and undermines taxpayer confidence.

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  • Experts push for higher taxes on beverages to prevent diabetes

    Experts push for higher taxes on beverages to prevent diabetes

    TRANSFORM Pakistan Campaign says higher taxes on sweetened beverages can reduce diabetes and other non-communicable diseases

    A coalition of civil society organisations and public health professionals working under the TRANSFORM Pakistan Campaign has urged the government to increase the Federal Excise Duty (FED) to 40 per cent on all sweetened beverages, including juices and fruit juices without exception, in the upcoming Budget 2026-27.

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  • FBR imposes penalty on bank manager in tax recovery case; FTO takes notice

    FBR imposes penalty on bank manager in tax recovery case; FTO takes notice

    FTO directs FBR to withdraw penalties imposed on NBP manager

    The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw penalties imposed on a National Bank of Pakistan (National Bank of Pakistan) branch manager, ruling that the action amounted to maladministration and administrative excess.

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  • Peshawar Customs to auction over 60 vehicles on June 10, 2026

    Peshawar Customs to auction over 60 vehicles on June 10, 2026

    Collectorate of Customs Enforcement Peshawar announces auction of seized vehicles, including luxury SUVs, hybrid cars and commercial vehicles

    The Collectorate of Customs (Enforcement), Peshawar, has announced a public auction of more than 60 seized vehicles to be held on June 10, 2026, at the Custom House in Peshawar.

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  • England edge closer to victory as rain-hit Lord’s Test heads into day four

    England edge closer to victory as rain-hit Lord’s Test heads into day four

    Ollie Robinson strikes twice as New Zealand face daunting chase after another weather-disrupted day in the historic 150th Test at Lord’s.

    England moved closer to victory in the 150th Test at Lord’s despite persistent rain severely limiting play on Day Three against New Zealand.

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  • ICAP proposes wider banking data access to help FBR expand tax base

    ICAP proposes wider banking data access to help FBR expand tax base

    ICAP proposes monthly CNIC-linked banking data reporting and AI-driven analysis to help FBR detect undeclared income and improve tax compliance

    The Institute of Chartered Accountants of Pakistan (ICAP) has called for the Federal Board of Revenue (FBR) to significantly expand its use of banking data, recommending monthly digital transaction reporting to improve tax compliance and curb Pakistan’s large informal economy.

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