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Finance bill

This was structured to prevent tax arbitrage, as promoters could otherwise have used buybacks to avoid dividend distribution tax and reduce their liability. (AI generated image from Gemini)
Buybacks made viable again

Promoters, however, remain subject to an additional buyback tax, keeping their liability broadly unchanged.

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Babar among casualties in PCB ‘surgical strike’ on Pakistan’s failed T20 World Cup squad
Babar among casualties in PCB ‘surgical strike’ on Pakistan’s failed T20 World Cup squad
Sports19 min ago

Pakistan Cricket Board (PCB) has made a major decision by dropping Babar Azam from the 15-man squad for the ODI series against Bangladesh due to his poor performance in the T20 World Cup. This marks a shift away from Babar’s dominance as the ‘King’ of the batting lineup. The selection committee has also left out other notable players, such as Fakhar Zaman and Shadab Khan.

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