Pakistan reach World Junior Squash pre-quarter-finals unbeaten

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to seven major oil marketing companies, including Pakistan State Oil (PSO), after detecting an alleged tax and levy shortfall of nearly Rs10 billion linked to imported petroleum products. According to official documents, the tax authority claims that the companies deposited less than the required amount in customs duty, petroleum levy and climate support levy based on the volume of petroleum products imported and unloaded at their storage facilities. The notices were issued after the FBR examined petroleum import and sales data, comparing the quantities of fuel handled by the companies with the taxes and levies paid into the national exchequer. The authority concluded that the payments made did not match the applicable liabilities. Reports indicate that the total amount identified by the FBR stands at Rs9.99 billion, prompting the revenue authority to seek explanations from the companies and direct them to clear the outstanding amounts. Among the companies named in the notices, Pakistan State Oil (PSO) faces the largest claim. According to the FBR, the state-owned oil giant is required to deposit approximately Rs8.19 billion in unpaid customs duty, petroleum levy and climate levy. The remaining amount is distributed among six other companies. Puma Energy and Pak-Arab Pipeline Company have jointly been asked to deposit around Rs135.3 million, while Hi-Tech Lubricants has been directed to pay Rs116.7 million. Similarly, B Energy Limited has been issued a notice for approximately Rs250 million, Taj Gasoline has been asked to deposit around Rs260.4 million, and Gas & Oil Pakistan Limited (GO) has been directed to pay approximately Rs222.2 million, according to the official figures. The FBR has warned all the companies that failure to respond to the notices within the prescribed time or to deposit the outstanding amounts could result in legal proceedings under the relevant tax laws. The development comes as Pakistan continues efforts to strengthen tax collection and improve revenue generation amid ongoing fiscal reforms. Authorities have intensified scrutiny of various sectors, including the petroleum industry, to ensure compliance with customs regulations and levy payments. The companies concerned have not publicly responded to the notices or the allegations at the time of filing this report. The FBR is expected to review their replies before deciding on any further legal or administrative action. The case is likely to attract significant attention given its financial scale and the role of the petroleum sector in Pakistan’s economy.

The Vice Chairman of the Pakistan Bar Council (PBC) has rejected a statement issued by eight members of the council, saying their views represent their individual opinions and cannot be considered the collective position of the institution. In a statement issued from Islamabad, the Vice Chairman said the Pakistan Bar Council has 23 members, while only eight members had issued the statement in question. He stressed that in a democratic institution, a minority cannot impose its position on the majority. He said the views expressed by the eight members should therefore not be presented as the official stance of the Pakistan Bar Council. According to him, the council’s collective position can only be determined through its proper institutional process. The Vice Chairman further said the Pakistan Bar Council must remain above political interests and personal agendas. He stressed that the institution should work to protect the independence of the legal profession and uphold the rule of law rather than become involved in political disputes. He also warned against using platforms of the superior judiciary and bar associations for political purposes. He said legal institutions and professional forums should maintain their dignity and should not be turned into platforms for advancing individual or political interests. The Vice Chairman said the Pakistan Bar Council strongly condemned the statements issued by the eight members and formally distanced itself from them. He made it clear that the statements did not represent the collective position of the council. He also criticised a statement issued by the Lahore High Court Bar Association, describing it as condemnable. He maintained that statements issued by individual members or groups within bar bodies should not automatically be treated as the official position of the entire legal community. The development comes amid growing debate within legal circles over the role of bar councils and associations in political and judicial matters.

LAHORE: Pakistan’s long-delayed Main Line-1 (ML-1) railway modernisation project has entered a crucial stage, with the government setting October 30, 2026, as the deadline for completing the ongoing review process and announcing plans to begin the second round of market consultations next month. The latest developments are expected to help resolve outstanding technical, financial and procedural matters and move the country’s largest railway infrastructure initiative towards formal implementation. The second round of market consultation is scheduled to commence on September 8. International experts, prospective investors and other relevant stakeholders will be consulted during the process to seek their views on project preparation, implementation arrangements, financing and the future course of the scheme. The consultations are considered an important step before the government proceeds towards the execution stage of the project, which has faced repeated delays over the years because of financing, technical and procedural challenges. Weekly reviews ordered Pakistan Railways Chairman Syed Mazhar Ali Shah chaired a high-level meeting at the railway headquarters on Saturday to review progress on ML-1. During the meeting, the chairman directed international design consultants, review consultants and senior railway officials to maintain close coordination and ensure that work on the project continues without unnecessary interruptions. He also ordered weekly progress reviews, instructing officials to identify unresolved matters at an early stage and take immediate steps to remove bottlenecks. The Karachi-Rohri segment received particular attention during the meeting as it has been identified as the first section to be developed under the revised ML-1 plan. Karachi-Rohri section According to official documents presented before the National Assembly, the Karachi-Rohri portion covers approximately 480 kilometres and has an estimated cost of $2.04 billion. Construction of the section is expected to take around three years once the project moves into the implementation phase. The government has engaged the Asian Development Bank (ADB) to arrange financing for this segment. Pakistan has also secured a $10 million Project Readiness Financing loan to support preparatory work required before full-scale implementation. The Karachi-Rohri corridor is strategically significant because it handles a substantial volume of both passenger and freight traffic. Its modernisation is therefore expected to provide an immediate improvement to the efficiency of the national railway network while creating a foundation for upgrades on the remaining sections. Government optimistic about launch Federal Minister for Railways Hanif Abbasi has expressed optimism that the flagship project could finally enter the implementation phase during the current year. The minister said progress on ML-1 had improved and that the government was working to ensure that the remaining requirements were completed within the agreed timelines. He said Prime Minister Shehbaz Sharif was closely monitoring the project and had directed the relevant authorities to ensure its completion according to schedule. According to the minister, ML-1 represents the foundation of Pakistan Railways’ long-term modernisation strategy. He said upgrading the railway corridor would help increase train speeds, improve passenger services and enhance the overall operational efficiency of the rail network. The minister also stressed that transparency, merit and competitive procedures would be followed during the project. He added that recommendations from international experts, market participants and technical consultants would be considered while finalising the implementation strategy. 1,726-km railway corridor The ML-1 project covers the modernisation of the 1,726-kilometre Karachi-Peshawar railway corridor, which serves as the backbone of Pakistan’s railway system. Under the rationalised plan, the corridor has been divided into five major sections:  Karachi-Rohri  Rohri-Multan Multan-Lahore Lahore-Rawalpindi Rawalpindi-Peshawar The government has estimated the total cost of the rationalised ML-1 project at approximately $6.66 billion. The scheme is intended to transform the existing railway infrastructure by improving track quality, signalling systems, operational capacity and train speeds. Higher speeds and improved capacity Earlier official plans for ML-1 envisaged allowing passenger trains to operate at speeds of up to 160 kilometres per hour on upgraded portions of the corridor. The project also includes improvements in axle-load capacity, rehabilitation and strengthening of railway tracks, modern signalling and communications systems, as well as doubling of single-track sections wherever necessary. These improvements are expected to reduce journey times and increase the number of trains that can operate on the corridor. For Pakistan Railways, the project is also viewed as an opportunity to strengthen freight operations and improve the movement of goods between the country’s major commercial centres and ports. Financing remains crucial Despite the renewed momentum, financing remains one of the most important requirements for taking ML-1 into full-scale construction. The government has been working with international development partners to secure funding for different components of the project, while the completion of technical studies, project documentation and financial arrangements remains essential before construction can begin. The ADB-backed Karachi-Rohri section is expected to serve as the starting point for the wider modernisation programme. Officials have previously indicated that preparatory work for the section could begin in 2026, provided the remaining financial and documentation requirements are completed. A long-awaited railway overhaul ML-1 has been discussed for years as a transformative project for Pakistan’s railway sector, but its implementation has repeatedly been delayed because of the scale of investment involved and disagreements over financing and project structure. The government’s decision to set a firm deadline for completing the review phase and hold another round of market consultations signals an effort to bring the project back on track. Regular monitoring by Pakistan Railways, engagement with international consultants and consultation with potential stakeholders are now expected to play a central role in finalising the project. If the remaining technical and financial hurdles are addressed according to the new schedule, the Karachi-Rohri section could become the first major construction phase of the broader ML-1 programme. The government believes that successful implementation of ML-1 would not only modernise the country’s ageing railway infrastructure but also improve passenger connectivity, strengthen freight transportation, reduce travel times and enhance the competitiveness of Pakistan Railways.