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Pakistan has long been struggling with the gradual disappearance of its rare wildlife species due to a lethal mix of environmental and human-induced factors, including habitat destruction, dwindling water resources, pollution and poaching. Among these vanishing species is the endangered Indus fishing cat, found mostly in the Indus River Delta and surrounding buffer areas, where its numbers have dropped dramatically over recent decades. Habitat loss, food scarcity, hunting and growing human populations have significantly impacted this rare feline, which plays a vital role in maintaining the balance of aquatic ecosystems, according to experts. “The past two decades have appeared to be disastrous for this environment-friendly animal, mainly because of the destruction of wetlands and killings by local people,” Saeedul Islam, a senior wildlife expert, told Anadolu. Although official surveys have yet to determine precise figures, Islam explained that conservative estimates suggest the cat’s population in the countr...
Shares at the Pakistan Stock Exchange (PSX) hit an all-time high of 124,000 points on Wednesday as the proposed federal budget for the upcoming fiscal year was well-received by investors for being “neutral-to-positive”. Maintaining an aggressive stance on fiscal consolidation, as required by the International Monetary Fund (IMF), the government yesterday still managed to offer some notional relief to the salaried class in the budget for FY2025-26, along with incentives for the real estate and construction sectors to revive the struggling industrial sector and stimulate economic growth. While there had been uncertainties surrounding the taxation measures ahead of the budget announcement, the PSX remained bullish yesterday and gained nearly 400 points to cross the 122,000 point-mark, just before the budget was presented in the National Assembly. The benchmark KSE-100 index crossed the 124,000-point barrier at around 11am. It then witnessed a slight decline before resurging to 124,588.17 points at 3:30pm — 2,5...
Posts from PTI supporters on multiple social media platforms on Tuesday shared a clip of PTI’s interim Chairman Barrister Ali Gohar allegedly urging overseas Pakistanis to participate in a protest on June 14 against the army chief, Field Marshal Asim Munir. However, the video is a deepfake and he has not issued any such message. A senior trade delegation from Pakistan is due in Washington this week for talks with United States officials on the recently imposed American tariffs and related economic issues, diplomatic sources told Dawn. The PTI claims that Field Marshal Asim Munir would visit Washington around the same time, something that neither the US nor Pakistani officials have confirmed. While official dates for these visits are being withheld due to political sensitivities, the PTI, which has long opposed the current Pakistani establishment, has announced plans to stage large-scale demonstrations during the visit. In a tweet posted over the weekend, PTI’s Secretary for Overseas Affairs, Sajjad Burki, cal...
• Up to 80pc tax relief for salaried individuals earning Rs600,000-1.2m annually • Minimal relief for top salary brackets earning above Rs4.1m • 1pc surcharge reduction for income above Rs10m to curb brain drain • Super tax cut by 0.5pc for companies earning Rs200m-500m • Pensions above Rs10m to be taxed at 5pc • Cash withdrawal tax for non-filers increased to 1pc from 0.6pc ISLAMABAD: The government has announced sweeping tax reforms in the federal budget 2025-26, offering tax cuts of up to 80 per cent for low-income salaried individuals while limiting relief for higher earners to just 3pc. A new 5 per cent tax has also been proposed on high-value pensions exceeding Rs10 million annually. The focus of the budget seems to balance sectoral relief, expand tax scope, achieve equitable burden-sharing, and introducing strong enforcement measures. The government expects the digital taxation framework, carbon levies and tax enforcement on e-commerce and digital transactions to help Pakistan adapt to global financi...
Finance Minister Muhammad Aurangzeb on Tuesday unveiled Pakistan’s annual federal budget in a charged National Assembly session, outlining ambitious proposals to drive 4.2 per cent economic growth in the coming fiscal year while cutting back on overall spending and tightening tax measures. As the session — chaired by NA Speaker Sardar Ayaz Sadiq — commenced, opposition lawmakers erupted into anti-government slogans. Starting his speech, the finance minister said the budget 2025-26 was being presented at a “historic moment” marked by national unity and resolve, referencing the recent Pakistan-India conflict. “The spirit with which we protected our national sovereignty, we need to ensure our financial security the same way,” he maintained, continuing his speech through the noisy session. “Pakistan has now achieved economic stability and is moving towards a Pakistan that is prosperous.” View this post on Instagram Budget outlay The federal budget for fiscal year 2026 has a total outlay — the sum of expenditures ...7934 items