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Taxing the people — a messy structure
Pakistan’s official tax discourse is mostly structured around a single question: how to collect more revenue. This narrow obsession with short-term revenue targets has produced a deeply distorted tax system that undermines growth, penalises documentation and increasingly shifts the burden onto those who are already visible, compliant and easy to tax. Instead of broadening the tax base through structural reform, successive governments have relied on incremental, often distortionary measures, such...
Stability as strategy in an energy crisis
This is the third global energy shock in less than two decades. For Pakistan, where imported fuel underpins much of the economy, the impact is invariably sharper than for most peers. The previous shocks in 2008 and 2022 did more than raise prices. They destabilised growth, strained external balances and reshaped politics. As the current crisis unfolds, the central question is whether policymakers will finally break from a pattern of costly, short-term fixes. The first episode, in 2007–08, was pa...
Cotton stocks at ‘lowest ebb’ ahead of ginning season
LAHORE: The cotton sector is facing an unprecedented supply crisis as stocks in the country have reportedly fallen below 10,000 bales before the start of the new ginning season, raising fears that some textile mills may partially shut down in the coming weeks due to cotton shortages. It is perhaps the first time in the country’s history that cotton inventories had dropped to such critically low levels ahead of the new crop season. The closure of the Pakistan-Afghanistan border earlier prevent...
Trump rejects ‘unacceptable’ Iranian terms for ending war
• Iran conveyed response via Pakistani mediators• Officials say Tehran wants to focus on ending hostilities, leaving ‘contentious’ matters like sanctions relief, N-issues for later• Pezeshkian says dialogue ‘does not mean surrender or retreat’; Khamenei meets military commander• After Washington meetings, Qatari PM discusses diplomatic efforts with PM Shehbaz WASHINGTON/ISLAMABAD: President Donald Trump has rejected Iran’s formal response to the latest US proposal, conveyed through Pakistani med...
Video: Turkish Airlines plane tyre catches fire during landing in Kathmandu
Video Turkish Airlines plane tyre catches fire during landing in Kathmandu
Child, 4, among four attacked by dog as police arrest boy, 15, and two others
On Sunday May 10 at around 2.10pm a dog attacked four people, inculding a child, after it had 'come off of its lead'. It is unclear if the three adults involved in the attack are related to the child also involved.
'Can't keep a good man down': Krunal gets emotional - Watch
Royal Challengers Bengaluru beat Mumbai Indians by two wickets in a last-ball IPL 2026 thriller in Raipur. Krunal Pandya starred with a gritty 73 despite severe cramps, rescuing RCB from 39/3 with key partnerships. Bhuvneshwar Kumar finished the chase with a crucial six. After the match, an emotional Krunal praised former MI teammate Kieron Pollard, calling him his “big brother".
JPMorgan Hikes Kospi Bull Case Target to 10,000 on Memory Boom
JPMorgan Chase & Co. raised its targets for South Korean stocks for the second time in less than a month, citing improvement in the semiconductor cycle, corporate governance reforms and industrial-sector growth.
Anthony Edwards leads rally as Timberwolves tie series after Victor Wembanyama's ejection
The Minnesota Timberwolves only had to face Victor Wembanyama for 12 minutes Sunday.With the 7-foot-4 star’s ejection 3 1/2 minutes into the second quarter, the No. 6-seeded Timberwolves still had to rally to beat the Wembanyama-less San Antonio Spurs 114-109 in Game 4 at Target Center, evening this Western Conference semifinal series at 2.Advertisement
Trans Green MSP 'couldn't wait for late Queen to kick the bucket' and branded monarch 'lizard Lizzie'
A newly-elected Green MSP has come under fire for social media posts which appeared to look forward to the late Queen Elizabeth II "kicking the bucket".Bradford-born Iris Duane - a biological male who identifies as a woman - was elected as a member of the Scottish Parliament for the Glasgow region on Friday. However, shortly after the Scottish Greens candidate was elected, a controversial social media post from January 2022 was unearthed. It read: “I cannot wait till big lizard Lizzie kicks the...
Russia, Tajikistan maintain allied relations and contacts in all areas — ambassador
Semyon Grigoryev emphasized that the countries have "a reliable strategic partnership and alliance, dynamic contacts in all areas, and sustainable mechanisms for sectoral cooperation"
Martin Short addresses daughter's tragic death publicly for the first time two months after she took her own life at 42
Have YOU got a story? Email tips@dailymail.com READ MORE: Selena Gomez supports Martin Short at his documentary premiereIf you or someone you know is in mental distress, call or text 988, or chat at 988lifeline.org 24/7UK: For confidential support, call Samaritans on 116 123, visit samaritans.org or visit www.thecalmzone.net/get-support Australia: Lifeline 13 11 14, Kids Helpline 1800 55 1800By ADAM S. LEVY, US SENIOR SHOWBUSINESS REPORTER and ASHLEIGH GRAY Published: 23:48, 10 May 2026 | Updat...
Modi Urges Indians to Conserve Fuel
Indian Prime Minister Modi appealed to citizens to cut fuel use and said measures from the Covid pandemic such as working from home and online meetings should be used.
Joel Embiid: 76ers must get better 'from top to bottom' after being swept by Knicks
PHILADELPHIA — On Sunday afternoon, the Philadelphia 76ers lost an Eastern Conference semifinal Game 4, 144-114, to the New York Knicks. The defeat ended an up-and-down season for Philly, and it ended a series in a sweep, 4-0.As players filed out of Xfinity Mobile Arena on Sunday night, Sixers star center Joel Embiid left one final message for the offseason.Advertisement
Boy, 5, crushed to death in Noida after iron gate he was swinging on collapsed
Boy crushed to death in Noida after iron gate he was swinging on collapsed
IPL 2026 Play of the Day: Bhuvneshwar's six trumps his four in Raipur nail-biter
IPL Play of the Day Bhuvneshwars six trumps his four in Raipur nailbiter
Budget may include income tax relief amid salary, pension freeze
ISLAMABAD: The government is considering reducing the income tax burden on salaried individuals while refraining from increasing salaries and pensions in the upcoming budget, aiming to provide equitable fiscal relief to both public and private sector employees. Informed sources told Dawn that Finance Minister Muhammad Aurangzeb has expressed a desire to lower tax rates and, if possible, raise the taxable income threshold for the salaried class in recognition of their significant contribution to...
‘Euphoria’ Season 3 Episode 5: Did a Main Character Just Die a Horrible Death?
SPOILER ALERT: This story contains spoilers for “This Little Piggy,” Season 3 Episode 5 of “Euphoria,” now streaming on HBO Max. Thus far, the third season of HBO’s “Euphoria” more closely resembles “Traffic” spliced with a telenovela than Sam Levinson’s original creation. Gone are the Labrinth needle-drops and kinetic camerawork — whip-pans and dolly zooms […]
'हुडी' बॉय से 'कान्हा' बनने तक का सफर, जानें कौन हैं 'कृष्णावतारम' एक्टर सिद्धार्थ गुप्ता
नोएडा में रेस्टोरेंट कर्मचारी की शर्मनाक करतूत! थूक-थूककर बनाता पिज्जा, फिर कर देता सर्व- VIDEO
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