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• Rs1m fines proposed for unregistered online vendors in new Finance Bill • Banks, couriers to deduct withholding tax under new plan • Fine for failing to submit withholding tax statements raised by 10 times • Govt to take over property valuation powers from FBR ISLAMABAD: The federal government has proposed sweeping reforms to tighten tax compliance, including significantly higher penalties for non-compliance and stronger enforcement measures to target under-taxed and digitally active sectors. The changes, proposed in the Finance Bill 2025, aim to deter non-compliance, discourage cash-based transactions and enh­ance documentation of the economy. Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial said enforcement was the only viable option to boost revenue collection, rather than relying on new taxes. One of the key amendments is a tenfold increase in the penalty for failure to submit withholding tax statements — from Rs5,000 to Rs50,000. Authorities believe this will compel withholding agents to...

ISLAMABAD: Nadia Bal­och, the sister of Dr Mah­­rang Baloch, urged the Supreme Court on Wed­­nesday to set aside the April 15 order of the Balo­ch­istan High Court that rej­ected the plea against her detention under the Main­tenance of Public Order. Dr Mahrang Baloch, a leader of Baloch Yakjehti Committee (BYC), is held at the Hudda District Prison, Quetta, pursuant to a March 22 detention order by the deputy commissioner under the Mainte­nance of Public Order. Moved through senior counsel Faisal Siddiqi, the appeal pleaded that Mah­rang Baloch had challen­ged her detention before the BHC, but the high court rejected her plea. Now the appeal before the apex court contended that the high court order was contrary to the Cons­titution, law and facts. The federal governm­ent through interior ministry, home and tribal aff­airs department of Baloch­istan, prosecutor general, inspector general of police, Federal Investiga­tion Agency director general, Quetta deputy commissioner and the state have been named as res­p...

Michelin Romania, part of the French Michelin group, one of the world's largest tire manufacturers, posted RON5.687 billion (EUR1.143 billion) revenue in 2024, up approximately 6% from the previous year’s RON5.365 billion (EUR1.084 billion), according to ZF calculations based on Finance Ministry data.

Dorna Medical posted more than RON79 million revenue in 2024, up 30% from the previous year, according to Finance Ministry data.

Ice Dyp Balas, one of the top five ice cream producers in Romania, completed an extensive investment program in 2024, which included the new logistics center in Pantelimon, expansion of the fleet and investments in production and complete digitalization.

Vandaag in Dagkoers: China beheert essentiële grondstoffen voor wapenproductie, volgens sommige drankenproducenten is alcohol gezond en Schiphol houdt dividend in eigen zak voor investeringen.

Massaal thuiswerken wordt niet door elke werkgever gewaardeerd. Uit recent onderzoek blijkt dat drie op de tien werknemers al minder kunnen thuiswerken dan twee jaar geleden. Uitgerekend bij laptopbedrijf Asus, dat voor veel mensen in Nederland het thuiswerken mogelijk maakt, willen ze een stap verder gaan in hun beleid. Dit tot ongenoegen van het personeel.

Opnieuw weigeren artiesten op te treden op festival de Zwarte Cross vanwege banden tussen Israël en KKR, de eigenaar van de Zwarte Cross. Het is niet voor het eerst dat durfinvesteerder KKR onder vuur ligt. Maar is dat terecht?

ISLAMABAD: Prime Minister Shehbaz Sharif is undertaking an official visit to the United Arab Emirates on Thursday (June 12) to express gratitude to their rulers for supporting Pakistan’s stance during the recent conflict with India. The visit reflects the deep-rooted fraternal ties between Pakistan and the UAE, which are marked by mutual trust, shared values, and close cooperation across multiple sectors, said an official press rel­ease issued here on Wednesday. The prime minister will be accompanied by a high-level delegation, including Deputy Prime Min­ister and Foreign Minister Senator Ishaq Dar, federal ministers, and other senior officers. PM Shehbaz will hold high-level meetings with the UAE leadership, including a bilateral meeting with the President of the UAE and Ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan. A wide range of bilateral, regional, and global issues of mutual interest and concern will be discussed during the high-level interactions. The PM’s visit will serve to further stre­n­g...

35-летний китаец, в прошлом работавший водителем, изменил традиционный стиль жизни на необычный: он обустроил для себя пещеру, в которой уже прожил 4 года и которую не планирует покидать. Брак и работу мужчина отвергает, но вместо этого он стал звездой соцсетей: за его отшельнической жизнью следят несколько десятков тысяч человек.

Israeli military says it struck dozens of targets, including nuclear ones, throughout Iran, Israelis urged to remain close to shelters; Dermer, Mossad chief to meet trump envoy Witkoff ■ CEASE-FIRE HOSTAGE TALKS: Netanyahu to convene the security cabinet to update ministers hostage talk progress ■ GAZA: Israeli army issues evacuation order for some areas of Gaza's Khan Yunis ■ IRAN: Iran's response to Israeli strike could include hundreds of ballistic missiles

ISLAMABAD - Prime Minister Muhammad Shehbaz Sharif said on Wednesday that Pakistan’s return from the brink of default and the beginning of economic stability and growth is nothing short of a mira-cle.

ISLAMABAD - Pakistan yesterday strongly rejected recent remarks made by India’s External Affairs Minister Subrahmanyam Jaishankar during his engagements with the media in Brussels, labelling them as “irresponsible” and “bellicose.

Aurangzeb urges lawmakers to support reforms Warns of additional measures worth Rs500 billion if govt fails to enforce taxes Says only Rs312 billion revenue collection expected from new taxes Despite IMF pressure, govt deferred new tax on agriculture sector.

ISLAMABAD - President Asif Ali Zardari on World Day against Child Labour on Thursday urged the government institutions, civil society, human rights defenders, the media, United Nations agencies, educators, parents, and Ulema to take practical steps to end child labour.

ISLAMABAD - Federal Minister for Maritime Affairs Muhammad Junaid Anwar called on Chief of the Naval Staff, Admiral Naveed Ashraf at Naval Headquarters here Wednesday.

QUETTA - Balochistan Chief Minister Mir Sarfraz Bugti here on Wednesday announced that the provincial budget for the upcoming fiscal year will be balanced, realistic and focused on public welfare.

LAHORE - Severe heatwave gripped the Punjab province particularly Lahore on Wednesday as MET Office forecast another scorching day ahead on Thursday (today).

ISLAMABAD - British High Commissioner to Pakistan, Jane Marriott, yesterday called on Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar here.

Het Israëlische leger heeft sinds woensdagochtend 57 Palestijnen gedood in de buurt van distributiepunten van de Gaza Humanitarian Foundation (GHF), meldt het Palestijnse ministerie van Volksgezondheid. Sinds de GHF op 26 mei begon met het uitdelen van noodhulp, zijn bij haar distributiepunten in totaal 224 Palestijnen gedood, aldus het ministerie. Volg alle ontwikkelingen over het Midden-Oosten in ons liveblog.