News Archive - Page 31

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SBP Gains Access to High-Value Bank Data Under New Tax Framework

SBP Gains Access to High-Value Bank Data Under New Tax Framework

Pakistan is expanding automated scrutiny of high-value financial activity through a central banking-data framework linked with tax records. Transactions crossing the prescribed Rs100 million threshold will undergo algorithmic cross-matching, with significant discrepancies potentially referred for further compliance proceedings.

Business
Pakistan Fold for 133 as England Take Early Lead at Edgbaston

Pakistan Fold for 133 as England Take Early Lead at Edgbaston

Pakistan were bowled out for 133 on the opening day of the third Test at Edgbaston before England reached 156 for four and secured a 23-run lead. Saud Shakeel top-scored with 43, while Josh Tongue took four wickets as Pakistan were left facing another difficult match in a series England already lead 2-0.

Sports
Petrol Hits Rs367.75 as Pakistan Raises Fuel Prices for Third Day

Petrol Hits Rs367.75 as Pakistan Raises Fuel Prices for Third Day

Pakistan has raised petrol by Rs3.40 per litre to Rs367.75 and high-speed diesel by Rs6.72 to Rs392.67, marking the third consecutive day of fuel-price increases. The new rates take effect on September 10 after cumulative three-day increases of Rs21.88 for petrol and Rs14.62 for diesel.

Business
Lower Vehicle Import Duties Put Pakistan Auto Jobs at Risk

Lower Vehicle Import Duties Put Pakistan Auto Jobs at Risk

Pakistan’s automotive industry has warned that lower duties on completely built-up vehicle imports could weaken local assembly, parts manufacturing and employment. Industry representatives are seeking a wider tariff gap between imported finished vehicles and locally produced units while also calling for lower domestic taxes and stronger support for localisation.

Business
Senators Clash Over Gujranwala Sanitary Worker’s Death

Senators Clash Over Gujranwala Sanitary Worker’s Death

PML-N Senator Abid Sher Ali and ANP chief Aimal Wali Khan exchanged sharp words during a Senate human rights committee hearing into the death of a Gujranwala sanitary worker. The committee questioned officials over salary allegations, contractual employment, compensation and grievance mechanisms while seeking further legal and administrative records.

Politics
Asim Iftikhar Named Pakistan’s New Foreign Secretary

Asim Iftikhar Named Pakistan’s New Foreign Secretary

Prime Minister Shehbaz Sharif has approved Ambassador Asim Iftikhar Ahmad’s appointment as Pakistan’s next foreign secretary as Amna Baloch prepares to retire from government service on September 17. Baloch will subsequently take charge as Pakistan’s ambassador to Türkiye, while Iftikhar is expected to move from his current United Nations posting to Islamabad.

Politics
Pakistan Welcomes UK-Led Sanctions on Israeli Settlements

Pakistan Welcomes UK-Led Sanctions on Israeli Settlements

Pakistan has welcomed UK-led trade sanctions targeting Israeli settlements in the occupied West Bank, saying continued settlement expansion violates international law and undermines prospects for a two-state solution. Islamabad also backed broader international efforts against settlement activity and reaffirmed support for Palestinian self-determination.

Politics
FBISE HSSC 2026 Results Announced, Girls Lead Top Positions

FBISE HSSC 2026 Results Announced, Girls Lead Top Positions

The Federal Board has announced HSSC Part-I and Part-II results for 2026, with second-year candidates recording an 85.95 per cent pass rate and girls securing most top positions across five groups. Students can check their scores through the official results portal or by sending their roll number through the board's SMS service.

General
Pakistan Gold Rises Rs800 Per Tola as Global Bullion Gains

Pakistan Gold Rises Rs800 Per Tola as Global Bullion Gains

Gold prices in Pakistan rose on Wednesday, with the per-tola rate increasing by Rs800 to Rs462,936 and 10 grams climbing Rs686 to Rs396,893. International gold gained $8 to $4,404 an ounce, while silver in Pakistan rose Rs72 to Rs7,141 per tola.

Business
ATC Maintains Arrest Warrants for KP CM Sohail Afridi

ATC Maintains Arrest Warrants for KP CM Sohail Afridi

An Islamabad anti-terrorism court has maintained arrest warrants against Khyber Pakhtunkhwa Chief Minister Sohail Afridi, Junaid Akbar and other accused in the November 26 protest case after rejecting exemption requests. Police have been directed to submit the challan promptly, while proclamation proceedings continue and the next hearing is scheduled for September 30.

Politics
Hafiz Naeem Threatens Islamabad Long March Over Petroleum Levy

Hafiz Naeem Threatens Islamabad Long March Over Petroleum Levy

Jamaat-e-Islami chief Hafiz Naeem-ur-Rehman has warned of a long march towards Islamabad if the government does not abolish the petroleum levy, with another round of negotiations scheduled for September 10. The party says its sit-ins will continue while talks proceed and is seeking support from other political groups to increase pressure for fuel-price relief.

Politics
Security Forces Kill 11 Terrorists in Balochistan IBOs

Security Forces Kill 11 Terrorists in Balochistan IBOs

Security forces killed 11 terrorists in intelligence-based operations in Balochistan’s Kharan and Washuk districts and recovered approximately 2.9 tonnes of explosives. Authorities said clearance operations were continuing, while senior state officials praised the security personnel and reaffirmed Pakistan’s counterterrorism commitment.

General