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Tax exemptions of Rs50b defy IMF

ISLAMABAD: Pakistan has granted a Rs50 billion annual income tax exemption to two government departments, violating the International Monetary Fund (IMF) programme and its own tax law. This decision faced resistance from tax authorities despite being approved through two Acts of Parliament. Official documents show that the Pakistan Civil Aviation Authority (PCCA) and Pakistan Airports […]

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Cricketer credits consistency, hard work for success

KARACHI: For Kainat Fatima, the odds were always stacked against her. Growing up in Karachi, she had more opportunities than her counterparts in smaller cities and towns. However, for a girl to be out and about in the playground and pursue a sport considered a preserve for men in conservative Pakistan was never easy. “But […]

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Israel blocked from World Ice Hockey championship

PARIS: The International Ice Hockey Federation (IIHF) on Thursday barred Israel from its world championships to ensure the “safety and well-being” of all participants, including Israelis. “The IIHF Council took this decision after careful consideration and based on a risk assessment, discussions with the participating countries, and discussions with the hosts,” the federation said in […]

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Cricket fraternity reacts as Pakistan pace duo dominates in ILT20 match

JOIN OUR WHATSAPP CHANNEL The ILT20 tournament witnessed a dominant performance from the Pakistan pace duo, Shaheen Afridi and Mohammad Amir, in yesterday’s clash against Gulf Titans.  Playing together for the first time after 1242 days, cricket enthusiasts were thrilled to witness the dynamic duo showcasing their skills for the same team. After being asked […]

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Canadian ex-NHL player charged over alleged 2018 gang rape

MONTREAL: Canadian authorities investigating a claim that eight athletes committed sexual assault as a group in 2018 have filed charges against former National Hockey League (NHL) player Alex Formenton, his lawyers said Sunday. The new charges are the latest in a major scandal related to the claim, first revealed in 2022, which has since seen […]

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Alibaba Cloud announces steep price cut

HONG KONG: China’s Alibaba Cloud on Thursday said it will slash prices of some of its products by as much as 55%, its most severe price cut to date, amid intensifying competition to attract heavy users, particularly artificial intelligence (AI) software developers. This would be the second time the cloud arm of Chinese e-commerce leader […]

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Cricket stars react as Pakistan team storms into U19 World Cup semi-finals

JOIN OUR WHATSAPP CHANNEL The Pakistan U19 cricket team has stormed into the semi-finals of the World Cup, earning widespread praise from cricket stars and fans alike. The Boys in Green showcased their prowess in the group matches, securing victories against Nepal, Afghanistan, and New Zealand, emerging at the top of the table in the […]

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Rupee falls slightly from 4-month high

KARACHI: The stabilising Pakistani currency on Friday slightly depreciated to Rs279.19 against the US dollar in the inter-bank market, coming down from over four-month high in the wake of a decline in the central bank’s foreign currency reserves below $8 billion. According to State Bank of Pakistan’s (SBP) data, the rupee ticked down 0.02%, or […]