Author: Admin

GST on Solar Panels Slashed to 10pc Amid Budget Revisions; Provinces Retain Digital Tax Authority

Admin
Solar-Panels

ISLAMABAD – Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday announced a major revision in the federal budget, confirming that the proposed General Sales Tax (GST) on imported solar panels has been reduced from 18% to 10% following consultations with coalition partners and stakeholders. Speaking during the National Assembly session, Dar clarified that the digital sales tax on services would remain under the jurisdiction of provincial governments, in line with the constitution. He noted that valid concerns over digital taxation were addressed through thorough engagement with stakeholders and…

Read More

Cabinet Approves Historic Circular Debt Plan, Reaffirms Support for Iran Amid Escalating Regional Crisis

Admin
Circular-Debt

ISLAMABAD – The federal cabinet on Wednesday approved Pakistan’s largest-ever financial restructuring initiative to address the chronic issue of circular debt in the power sector, targeting the elimination of Rs1.275 trillion over six years without burdening the national budget. Chaired by Prime Minister Shehbaz Sharif, the cabinet meeting hailed the plan as a major milestone in energy sector reforms. Under the strategy, Rs683 billion of Power Holding Company debt will be refinanced, while overdue payments to Independent Power Producers (IPPs) will be settled—steps deemed crucial for restoring investor confidence and…

Read More

Trump, Field Marshal Munir Hold Historic Talks on Counterterrorism, Trade in Cordial White House Meeting

Admin
Asim-Munir

WASHINGTON – In a landmark meeting at the White House, US President Donald Trump and Pakistan’s Chief of Army Staff (COAS) Field Marshal Syed Asim Munir held wide-ranging discussions on joint counterterrorism efforts and expanding bilateral trade, the ISPR said in a statement on Thursday. This unprecedented meeting marked the first time a serving Pakistani army chief was formally received by a sitting US president in such capacity, without holding political office or ruling under martial law. Held in the Cabinet Room over a luncheon, the meeting extended over two…

Read More

‘We’ll see what happens’: As Israel-Iran conflict deepens, Trump weighs military options

Admin
donald trump

Iran’s supreme leader has staunchly rejected calls for surrender, asserting that U.S. military involvement could trigger an “all-out war.” As tensions continue to escalate in a war of words and missiles between Israel and Iran, Iran’s supreme leader firmly declared that his country will not surrender and cautioned that any U.S. military intervention could result in “irreparable damage.” President Donald Trump, meanwhile, appears to be weighing his options regarding U.S. involvement. When pressed by reporters about potential military engagement, he refrained from revealing specific plans but hinted that the next…

Read More