A representational image showing the FBR logo. — FBR website/File Sales tax break on petroleum products contributes to rise in cost. Exemptions amount to revenue loss of Rs1,496,124m in FY25. FBR suffered notable revenue loss of Rs985.594 billion in 2024-25. ISLAMABAD: Apart from the missed growth target, the Pakistan Economic Survey 2024-25 unveiled by the government has revealed that Pakistan’s total …
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A currency dealer can be seen counting Rs5,000 notes. — AFP/file Every citizen owes Rs277,462 in debt. Rs6.4tr spent on interest payments in FY25. Rs31tr added in just three years. ISLAMABAD: Pakistan’s public debt has soared to a staggering Rs76.01 trillion ($269 billion) as of March 2025, marking a near four-and-a-half-fold increase since 2015 and highlighting persistent fiscal imbalances and …
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US President Donald Trump and Elon Musk attend a press conference in the Oval Office of the White House in Washington, DC, US, May 30, 2025. — Reuters No intention of repairing ties with Musk, says President Trump. Musk’s opposition complicates efforts to pass bill in Congress. Tesla CEO deletes some social media posts critical of Trump. President Donald Trump …
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Two persons can be seen holding notes of Pakistani currency Rupee in their hands. — AFP/File Economic and industry experts have urged the incumbent government to maintain consistency in its tax and economic policies while cautioning against any abrupt changes that could undermine recent sectoral gains. Their reactions came in response to the Pakistan Economic Survey 2024-25, unveiled by Minister …
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Meghan Markle sends message in Lilibet’s birthday bash Meghan Markle has seemingly included a subtle message in her daughter Princess Lilibet’s birthday celebration this year. The Duchess of Sussex celebrated her and Prince Harry’s fourth birthday on June 4, taking their kids including Prince Archie to Disneyland for a magical family getaway. On Instagram, Meghan posted photos and videos of …
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Iranian and US flags are seen printed on paper in this illustration taken January 27, 2022. — Reuters DUBAI: Iran will soon hand a counter-proposal for a nuclear deal to the United States via Oman, Iranian foreign ministry spokesperson Esmaeil Baghaei said on Monday, in response to a US offer that Tehran deems “unacceptable”. Reuters previously reported that Tehran was …
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A Boeing 737 MAX 8, the second jet intended for use by a Chinese airline to be returned to its manufacturer, lands at Boeing Field, as trade tensions escalate over US tariffs with China, in Seattle, Washington, US April 22, 2025. — Reuters SEOUL: A new Boeing MAX landed back in China on Monday, flight tracking data showed, a sign …
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Chris Evans answers burning questions about his proposal to now-wife Alba Baptista Chris Evans is sharing an insider look at his romantic proposal in Portuguese. The actor, 43, was at the New York City premiere of A24’s Materialists this Saturday when he caught up with The Knot. During the interview, Evans shared some details about his proposal to Baptista before …
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This representational image shows a fluctuating stock market graph on a digital screen. — AFP/File FinMin Senator Muhammad Aurangzeb to present survey. Survey to highlight achievements, challenges across major sectors. Govt to unveil Federal Budget 2025-26 on Tuesday. The Pakistan Economic Survey for the fiscal year 2024–25, a key pre-budget document that outlines the government’s assessment of the national economy, …
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Chen Tianming’s 10-storey tower of faded plyboards and contorted beams in China’s Guizhou province. — AFP Surrounded by the rubble of demolished homes, Chen Tianming’s ramshackle tower of faded plyboards and contorted beams juts into the sky in southwestern China, a teetering monument to one man’s stubbornness. Authorities razed most of Chen’s village in Guizhou province in 2018 to build …
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