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FBR plans digital invoicing, audits as tax gap hits Rs7tr – DAWN.com

ISLAMABAD: The country's tax revenue shortfall ballooned to a staggering Rs7 trillion in the last fiscal year (FY24), up from Rs1,289 billion in FY22, Dawn learned from sources, highlighting the urgent need to strengthen tax compliance to meet IMF targets. This significant increase, almost equal to the Federal Board of Revenue's (FBR) total collection for […]

Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates

Inflation is slowing and the Fed is likely to cut interest rates in September. (iStock) Annual inflation continued to rise slowly in August toward the 2% target rate set by the Federal Reserve. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Prices rose 2.5% year-on-year in August, […]

Tony Dungy hits NAACP for lying about abortion in fact-check during Trump Harris debate: ‘Don’t distort the facts’

Former NFL coach Tony Dungy fact-checked a message from the National Association for the Advancement of Colored People during Tuesday's presidential debate. “Speaking about the law and getting people to state their facts accurately.” Former President Donald Trump criticized the Democratic Party's radical abortion policies during a debate when the NAACP issued a false fact-check. […]

NBC Sports hits home run with scheduled wall-to-wall Solheim Cup TV coverage

Golf is making a grand return this week. The Amgen Irish Open will visit one of the world's best courses at Royal County Down, while the PGA Tour's FedEx Cup Fall will kick off at the ProCure Championship in Napa. But one tournament trumps them all. It's the Solheim Cup, the LPGA's Ryder Cup, and […]