Tue, 21-Oct-2025

WB withdraws recommendation to impose tax on below Rs50000 earners

WB tax

The World Bank has withdrawn its recommendation to impose taxes on monthly incomes below Rs 50,000. This decision comes after concerns were raised about the fairness of such a tax, especially given that the lower-income group was already paying more taxes than the combined amount paid by the wealthiest individuals over the course of three … Read more

Dan Crenshaw withdraws from the NRA conference

According to his office, Rep. Dan Crenshaw, R-Texas, will not attend the National Rifle Association (NRA) annual meeting. Citing the reason of his hectic schedule also, a trip to Ukraine. The Texas congressman’s staff informed the NRA on Tuesday morning that he would not be attending the gathering where he was due to speak. Crenshaw’s … Read more

T20 World Cup 2021: De Kock withdraws after refusing to take knee

De Kock withdraws after CSA directive on ‘taking the knee’

Quinton de Kock withdrew from South Africa’s Twenty20 World Cup match against the West Indies on Tuesday “for personal reasons” after refusing to take the knee ahead of their contest. South Africa’s captain Temba Bavuma said the wicketkeeper-batter had made himself unavailable in their crucial Super 12 game in Dubai. The decision raised eyebrows as De … Read more

FBR withdraws appeals related to exemption on foreign remittances

Rupee

KARACHI: The tax authorities have withdrawn all the appeals it filed against the claim of exemption on foreign remittances, a senior official said on Monday. “The FBR [Federal Board of Revenue] has withdrawn the appeals on satisfactory response from the State Bank of Pakistan (SBP) on the issue of foreign remittances through banking channels,” the … Read more