Author: i2wtc

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday gave instructions to take up the issue of reduction in some of the income taxes with the International Monetary Fund (IMF) after his income tax panel proposed a Rs975 billion relief package for corporate and salaried classes. The recommendations include reducing the tax burden on the salaried class by 25%, abolishing the income tax surcharge and withdrawing the wealth tax imposed in the shape of capital value tax on foreign assets. Out of the Rs975 billion proposed package, the immediate relief cost is estimated at over Rs600 billion, according to the tax reform…

Waymo partners with Uber to bring robotaxi service to Atlanta and Austin.Uber Technologies Inc.Waymo on Wednesday said humans will begin test driving the Alphabet-owned company’s robotaxi vehicles in Baltimore, Pittsburgh and St. Louis. The three cities represent the latest additions to Waymo’s quickly growing list of cities where the Google sister company is either operating its robotaxis, planning to launch service or starting to test its vehicles. That list now stands at 26 markets. Waymo will begin manual drives in the trio of new cities this week with hopes to eventually begin serving fully-autonomous rides there, spokesperson Ethan Teicher told…

Pakistan men’s T20I squad will travel to Sri Lanka next month to feature in a three-match T20I series as part of their preparations for the ICC Men’s T20 World Cup 2026, the Pakistan Cricket Board (PCB) announced on Tuesday. All three matches will be played at the Rangiri Dambulla International Cricket Stadium (RDICS) in Dambulla on January 7, 9 and 11. The tour will provide the side with valuable match practice ahead of next year’s global event being staged from February 7 to March 8, where Pakistan are placed in Group ‘A’and will play all their fixtures in Colombo. The…

A Fortec adaptive reuse project in Barrington, Illinois.Courtesy: FortecA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Rising demand from parents for early education is causing a boom in a small but fast-growing subsector of commercial real estate. The sector is so undersupplied that it’s increasingly attractive to both developers and investors. The U.S. child-care market is currently valued…

Filip Kaliszan, CEO of Verkada.Courtesy: VerkadaSecurity technology startup Verkada has reached a $5.8 billion valuation after a new funding round led by CapitalG, Alphabet’s venture capital arm, announced Wednesday.”I think Google saw the opportunity with us in the application of AI and everything we’re driving to apply AI to the physical security industry,” CEO Filip Kaliszan told CNBC’s Deirdre Bosa.The company said in a release that the investment will be used to bolster its artificial intelligence capabilities and provide liquidity.The financing totaled $100 million, a person familiar with the terms of the round told CNBC, raising the company’s valuation by…

Judges who highlighted agencies’ interference in judiciary continue to face tough timeIslamabad High Court (IHC) judge Justice Mohsin Akhtar Kayani. PHOTO: FILE ISLAMABAD: Once again, the Judicial Commission of Pakistan (JCP) has overlooked Islamabad High Court (IHC) senior puisne judge Mohsin Akhtar Kayani while filling vacant positions in the Supreme Court. At its Tuesday meeting, only one JCP member, Justice Munib Akhtar, voted in favour of Kayani’s elevation to the SC. No other judicial member in the commission, Chief Justice of Pakistan (CJP) Yahya Afridi, Chief Justice Federal Constitutional Court Amin-ud-Din Khan, and Justice Hasan Azhar Rizvi supported the proposal.…

The Pakistan Super League will look for potential franchise owners in a Roadshow at Lords in London on December 7, it announced on Tuesday. The league is set to expand from six to eight teams from it’s next edition with an auction to determine the owners of the two new sides. “The HBL PSL Roadshow is expected to draw a diverse audience of business leaders, potential franchise owners and cricket supporters eager to engage with one of the sport’s most dynamic and fast-growing leagues,” the Pakistan Cricket Board said. “As the league prepares for expansion with the addition of two…

Macy’s on Wednesday beat Wall Street’s sales expectations for the third quarter in a row and posted its strongest growth in more than three years as the company’s turnaround strategy showed signs of momentum.The department store operator raised its full-year sales and earnings outlook after its better-than-expected fiscal third quarter. The retailer now expects adjusted earnings per share of between $2 and $2.20, up from its previous expectation of $1.70 to $2.05, and net sales of $21.48 billion to $21.63 billion, compared with its prior outlook of $21.15 billion and $21.45 billion.Macy’s said it expects flat to roughly 0.5% comparable…

An aerial drone photo taken on Dec. 3, 2025 shows the sunrise scenery on the snow-covered Chenbarhu Banner Grassland in Hulun Buir, north China’s Inner Mongolia Autonomous Region. (Xinhua/Darhan)An aerial drone photo taken on Dec. 3, 2025 shows the sunrise scenery on the snow-covered Chenbarhu Banner Grassland in Hulun Buir, north China’s Inner Mongolia Autonomous Region. (Xinhua/Darhan)An aerial drone photo taken on Dec. 3, 2025 shows the sunrise scenery on the snow-covered Chenbarhu Banner Grassland in Hulun Buir, north China’s Inner Mongolia Autonomous Region. (Xinhua/Ma Jinrui)An aerial drone photo taken on Dec. 3, 2025 shows Morigele River on the snow-covered…

QUETTA: Pashtunkhwa Milli Awami Party (PkMAP) leader Mahmood Khan Achakzai on Tuesday warned of severe public backlash if the democratic mandate of Khyber-Pakhtunkhwa is undermined or any attempt is made to impose Governor’s rule. Speaking at a large public gathering at Ayub Stadium on the 52nd death anniversary of Khan Abdul Samad Khan Achakzai, he stated that the people would take to the streets to protect their vote. Addressing thousands of supporters, Achakzai criticized what he described as the erosion of constitutional values, saying the Constitution has been reduced to a ceremonial document while its principles are ignored. He questioned…