Karachi, June 23, 2025 – The Pakistan Business Council (PBC) has strongly criticized the sweeping and excessive powers proposed to be granted to the Federal Board of Revenue (FBR) in the Finance Bill 2025, terming them “draconian” and detrimental to the investment climate in the country.
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Bayern Munich back expanded 32-team FIFA Club World Cup
Bayern Munich have thrown their full support behind the newly expanded 32-team FIFA Club World Cup, with senior figures at the German football powerhouse hailing the tournament as a necessary and progressive step in the global game’s evolution.
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Bangladesh reports highest single-day COVID-19 death toll of 2025
Dhaka, June 22, 2025 — Bangladesh recorded its highest single-day death toll from COVID-19 this year, with five fatalities reported in the past 24 hours, according to the Directorate General of Health Services (DGHS).
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Canada qualify for ICC Men’s T20 World Cup 2026
Toronto, June 22, 2025 — Canada have officially booked their place in the ICC Men’s T20 World Cup 2026, set to be held in India and Sri Lanka, after a dominant showing in the Americas Qualifiers.
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India reach 90/2 at stumps on Day 3 in tense England Test
Leeds, June 22, 2025 — India finished Day 3 of the ongoing Anderson-Tendulkar Trophy Test against England at 90 for 2 in their second innings, holding a narrow 96-run lead heading into Day 4 at Headingley, Leeds.
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Rain expected in Islamabad amid pre-monsoon activity
Islamabad, June 22, 2025 – The Pakistan Meteorological Department (PMD) has predicted the likelihood of rain in Islamabad and its adjoining areas on Monday, June 23, 2025, as part of ongoing pre-monsoon weather activity affecting the upper regions of the country.
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FBR’s tax-to-GDP ratio remains in single digits for 24 years
Karachi, June 22, 2025 – The Federal Board of Revenue (FBR) has revealed a concerning trend in Pakistan’s fiscal performance, disclosing that the country’s tax-to-GDP ratio has remained in the single digits consistently from the fiscal year 2000-01 to 2023-24.
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Minister orders uninterrupted electricity supply during Muharram
Islamabad, June 22, 2025 – In preparation for the upcoming sacred month of Muharram, Federal Minister for Power Division, Sardar Awais Ahmad Khan Leghari, has directed all electricity distribution companies (DISCOs) to implement urgent and comprehensive measures to guarantee uninterrupted electricity supply during the observance period.
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All you need to know about Digital Presence Proceeds Tax Act
Islamabad, June 22, 2025 – The National Assembly Standing Committee on Finance and Revenue has formally endorsed the Digital Presence Proceeds Tax Act, 2025, a landmark legislation designed to tax proceeds generated from digital economic activities in Pakistan by non-resident entities. The new law, which is part of the Finance Bill 2025, is expected to come into force on July 1, 2025, pending final approval by the National Assembly.
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Volatile rupee likely against dollar amid geopolitical uncertainty
Karachi, June 22, 2025 – The Pakistani rupee is likely to remain under pressure against the US dollar in the coming week starting June 23, as escalating geopolitical tensions continue to weigh on investor sentiment and currency flows.
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