Last update: Fri, 27 May 2016 01am

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The government is expected to impose in budget (2016-17) a 10 percent sales tax on the import of newsprint, increase sales tax from 5 to 10 percent on the ingredients of poultry feed and enhance sales tax from 10 to 17 percent on the import of plant and machinery not manufactured locally.
The Federal Board of Revenue (FBR) is likely to abolish 16 percent Federal Excise Duty on banking services to avoid duplication of taxes on banks in coming budget (2016-17). It is learnt that the FED on banking services may be abolished in line with the FBR's policy to avoid duplication of taxes on a specific sector/industry.
The federal government is likely to deduct 25 per cent of total outstanding power sector receivables - with the approval of Cabinet Committee on Energy - from the share of Sindh in the federal divisible pool. Chief Executive Officer (CEO), Hyderabad Electric Supply Company (Hesco) , Akhtar Ali Randhawa told Business Recorder that the company's receivables against Sindh government are about Rs 32 billion whereas the provincial government owes Rs 52 billion on account of Sukkar Electric Supply Company (Sepco) totalling Rs 84 billion.
Taking a swift action against the use of Pakistani CNICs by aliens, the Interior Minister Chaudhry Nisar Ali Khan gave a 48-hour deadline to Nadra for preparing a road-map to launch "a National Plan for Re-verification of CNICs of over 180 million population."
The country's army has shown its serious concerns over the US drone strike in Balochistan. In a meeting with United States Ambassador to Pakistan David Hale on Wednesday, Chief of Army Staff (COAS) General Raheel Sharif said that such acts of sovereignty violations are detrimental to relations between both countries and are counter-productive for ongoing peace process for regional stability. According to ISPR, during the meeting, the situation arising after the US drone strike in Balochistan on May 22 came under discussion.
The Afghan Taliban named an Islamic legal scholar who was one of former leader Mullah Akhtar Mansour's deputies to succeed him on Wednesday, after confirming Mansour's death in a U.S. drone strike at the weekend. Within an hour of the announcement, a Taliban suicide bomber attacked a shuttle bus carrying court employees west of the Afghan capital, Kabul, killing as many as 11 people and wounding several others, including children.
Federal Investigation Agency (FIA) on Wednesday summoned District Co-ordination Officer (DCO) Hafiz Mohammad Tahir, who verified the documents of Wali Muhammad to help him obtain a Pakistani identity card.