Karachi, September 22, 2025 – The latest update of foreign currency rates in Pakistan was issued on Monday morning. According to the data, the currency rates were refreshed at 10:55 AM Pakistan Standard Time (PST).
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Verstappen extends winning streak as McLaren stumble in Baku
Max Verstappen delivered another masterclass in Baku, claiming his fourth victory of the season and his second in a row. The result underlined Red Bull’s resurgence and left McLaren with plenty to worry about.
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Cardi B addresses paternity drama linked to Stefon Diggs
Cardi B has finally spoken out about the ongoing paternity drama involving her boyfriend, Stefon Diggs. The rapper, who is currently expecting a baby with the NFL star, decided to break her silence during an Instagram Live session.
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Avengers: Doomsday may be hiding a major surprise for fans
Marvel fans are buzzing with excitement as the release of Avengers: Doomsday draws closer. The highly anticipated film brings together a star-studded cast including Robert Downey Jr., Chris Hemsworth, Sebastian Stan, Paul Rudd, and Florence Pugh, among many others.
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Reese Witherspoon reveals parenting struggles and coping style
Reese Witherspoon recently gave a candid insight into her parenting approach with her youngest son, Tennessee James Toth. The 49-year-old actress admitted that her two older children, Ava and Deacon Phillippe, had already left her feeling exhausted by the time her youngest came along.
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Sharma and Gill guide India to a confident win over Pakistan
Dubai, September 21, 2025 – India continued their dominance in the Asia Cup 2025 with a solid six-wicket victory over Pakistan in the Super Four clash at the Dubai International Stadium on Sunday. The chase of 171 was made to look easy thanks to the blistering batting display by Abhishek Sharma and Shubman Gill.
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Salary Income Tax Credit on Pension Fund Contribution
The Income Tax Ordinance, 2001 allows a tax credit for people who contribute to a pension fund during the tax year 2025-26. Section 63 of the updated law explains how this benefit works for salary earners.
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Tax Treatment on Charitable Donations in Pakistan
The Income Tax Ordinance, 2001 explains how charitable donations are treated for tax purposes in the tax year 2025-26. Section 61 provides details about who can claim a tax credit and how the amount is calculated.
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Tax Formula for Disposal of Stock-in-Trade
The Income Tax Ordinance, 2001 explains how to calculate the cost of stock-in-trade when it is sold or used during the tax year 2025-26. Section 35 of the updated law gives a simple formula for this calculation.
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Accrual Based Accounting under Pakistan Tax Laws
The Income Tax Ordinance, 2001 clearly defines the principles of accrual based accounting for income under the head “Business” for the tax year 2025-26. Section 34 of the updated ordinance explains how income and expenses are treated under this system.
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