Author: i2wtc
A five-member constitutional bench (CB) headed by Justice Aminuddin Khan took up on Monday a case pertaining to the imposition of super tax. Federal Board of Revenue’s (FBR) counsel Asma Hamid began with opening arguments. She apprised the court that no taxpayer had challenged the Lahore High Court’s (LHC) verdict, upholding the legality of the super tax imposed under Section 4C of the Income Tax Ordinance, 2001, while reducing its rate for several industries. She added that the Islamabad High Court (IHC) had already issued rulings on both sections of the matter, noting that 89 petitioners had filed applications in the IHC in 2022.…
This photo taken on Sept. 8, 2025 shows a scene at the 25th China International Fair for Investment and Trade in Xiamen, southeast China’s Fujian Province. The 25th China International Fair for Investment and Trade (CIFIT) opened here on Monday, attracting visitors from over 120 countries and regions. Focusing on three major areas — “Invest in China,” “Chinese investment” and “International investment” — the four-day event includes more than 100 investment-themed activities and features Britain as the guest country of honor. (Xinhua/Wei Peiquan)XIAMEN, Sept. 8 (Xinhua) — The 25th China International Fair for Investment and Trade (CIFIT) opened Monday in…
Pakistan Peoples Party (PPP) chairperson Bilawal Bhutto Zardari has said he will appeal to the federal government to waive electricity bills for farmers and flood-affected people, as he toured flood-stricken areas of Punjab on Monday. Speaking to reporters in Muzaffargarh, Bilawal said an agricultural emergency was needed to support farmers hit hard by the devastation. He has made the suggestion to the Prime Minister Shehbaz Sharif to use the Benazir Income Support Program (BISP) to distribute financial compensation to flood victims. Bilawal stated that in previous such times, like the floods that took place during his tenure in the PDM…
Pakistan Stock Exchange (PSX) continued its remarkable momentum on Monday as the benchmark KSE-100 index crossed the 156,000 mark for the first time in history, which represented robust investor confidence and chances of high growth in Pakistan’s economy. At the close of trading, the index registered a surge of 1,810.11 points, or 1.17%, at 156,087.31. The unprecedented milestone was hailed as a moment of national celebration and Prime Minister Shehbaz Sharif himself expressed profound satisfaction over the PSX’s performance. In a statement, the premier lauded the efforts of his economic team, emphasising that the landmark performance reflects the business community’s…
Chinese President Xi Jinping attends a virtual BRICS Summit and delivers an important address titled “Forging Ahead in Solidarity and Cooperation” on Sept. 8, 2025. (Xinhua/Huang Jingwen)BEIJING, Sept. 8 (Xinhua) — Chinese President Xi Jinping on Monday attended a virtual BRICS Summit and delivered an important statement, calling on BRICS countries to forge ahead in solidarity and cooperation.The summit was chaired by Brazilian President Luiz Inacio Lula da Silva and also attended by Russian President Vladimir Putin, South African President Cyril Ramaphosa, Egyptian President Abdel Fattah El-Sisi, Iranian President Masoud Pezeshkian, Indonesian President Prabowo Subianto, the UAE’s Crown Prince of…
Kazakhstan’s Deputy Prime Minister and Foreign Minister Murat Nurtleu arrived in Islamabad on a two-day official visit to Pakistan on Monday, Radio Pakistan reported. He was received at the airport by Additional Secretary (West Asia) at the Ministry of Foreign Affairs, Syed Ali Asad Gillani, along with other senior officials. Nurtleu is accompanied by a thirteen-member delegation. Deputy Prime Minister/Foreign Minister of Kazakhstan Murat Nurtleu arrived in Islamabad today for a two day official visit. He was recieved at the airport by Additional Secretary West Asia Syed Ali Asad Gillani and other senior officials of the government. pic.twitter.com/d8dzHCurfl — Ministry of…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesAn ex-Meta employee sued the social media company on Monday over allegations that its WhatsApp messaging service contained “systemic cybersecurity failures” that potentially compromise user privacy.Attaullah Baig, WhatsApp’s former head of security, alleged that Meta retaliated against him after he notified leaders, including CEO Mark Zuckerberg, of security issues at the messaging app. The suit, filed in U.S. District Court for the Northern District of California, claims that after joining WhatsApp in 2021, Baig found security flaws that violated federal securities laws and Meta’s legal obligations related to a 2020 privacy…
President Donald Trump speaks to reporters after stepping off Air Force One on September 7, 2025 at Joint Base Andrews, Maryland. Kevin Dietsch | Getty ImagesThe United States government has already collected tens of billions of dollars from President Donald Trump’s “reciprocal tariffs.”But that money — and a lot more — could end up being refunded if the Supreme Court agrees with lower courts that many of the levies on imports from other countries are illegal.How much could that end up being?Anywhere between $750 billion to a whopping $1 trillion, warned Treasury Secretary Scott Bessent in a declaration filed with…
DI KHAN: The police and the Counter Terrorism Department (CTD) killed two terrorists and seized arms and ammunition during an operation in Lakki Marwat on Monday. The operation was carried out on the directives of Khyber-Pakhtunkhwa IGP Zulfiqar Hameed, while District Police Officer Lakki Marwat Nazeer Khan personally supervised the effort. DSP Circle Lakki Zafarullah Khan, DSP CTD Israr Khan, SHO Dadiwala, as well as personnel from Elite Force, RRF, DSB, and other units participated in the joint operation. Acting on intelligence reports, security forces moved into the forests of Mash Masti Khani village, where armed terrorists were planning an…
Pakistan on Monday signed $500 million investment deals with two US-based companies. The deals are meant to develop and process critical minerals including rare earth elements, and to expand logistics infrastructure. According to a statement issued from the Prime Minister’s Office, the agreements were signed during a meeting between Prime Minister Shehbaz Sharif and a high-level US delegation that included United States Strategic Metals (USSM) and Mota-Engil, global firms in the mining and infrastructure sectors. Deputy Prime Minister and Foreign Minister Ishaq Dar, Army Chief Field Marshal Asim Munir and several federal ministers also attended the meeting. A high level…