Govt Imposes 5% Withholding Tax on YouTubers, TikTokers and Social Media Influencers
The federal government has imposed a 5 percent withholding tax on income earned by YouTubers, TikTokers, digital content creators, and social media influencers through online platforms. The new tax measure will take effect from July 1, 2026, under the Finance Act 2026. It is being introduced as part of the
Trump Suspends Hormuz Operation Against Iran on Pakistan’s Request
US President Donald Trump has announced a temporary suspension of the American military operation in the Strait of Hormuz, citing a request from Pakistan and progress in ongoing negotiations with Iran. The operation, known as “Project Freedom,” was launched to guide commercial vessels through the strategically vital waterway after escalating
UAE Leaves OPEC in Major Blow to Global Oil Producers Group
The United Arab Emirates has announced it will leave the Organization of the Petroleum Exporting Countries (OPEC), marking a historic shift in global energy dynamics. The decision, effective May 1, 2026, ends nearly six decades of membership in the influential oil producers’ alliance. A Blow to One of the World’s
