Pakistan losing Rs 1 trillion revenue due to rampant tax evasion

IANS | January 27, 2026 7:11 PM

New Delhi, Jan 27 (IANS) Tax evasion in the real estate sector is bleeding Pakistan’s national exchequer roughly Rs 500 billion annually, illicit tobacco is costing another Rs 310 billion, and multiple consumer goods industries are operating outside the documented economy, leading to an annual revenue loss for the government of a staggering Rs 1 trillion, an article in the Pakistani media said.

SC allows woman who lost husband during Covid to settle bank loan on relaxed terms

IANS | January 27, 2026 5:25 PM

New Delhi, Jan 27 (IANS) In an extraordinary exercise of its powers under Article 142 of the Constitution, aimed at doing "complete justice", the Supreme Court has granted relief to a widow who lost her husband during the second wave of Covid-19 by permitting her to settle a bank loan on relaxed terms and directed the Central Bank of India to release the title deeds of her residential property upon payment of a reduced amount.