Islamabad, Sep 17: The Chairman of the Federal Board of Revenue (FBR), who is responsible for deterring foreign investment through fraud on statute, has been instructed by the Establishment Division to take action against irregularities, corrupt activities, and inefficient components within the FBR. It is rumored that the Establishment Division has referred a serious matter regarding corrupt practices by certain tax employees of the Corporate Tax Office Islamabad. This is based on a write-up submitted to the Division by Khurram Shahzad Butt against corrupt practices in the FBR to deter foreign investment through fraud on statute and misuse of assessment…
Author: Iqra Khan
Islamabad, Sep 17: The Civil Aviation Authority (CAA) has filed a case in the Supreme Court against the Federal Board of Revenue (FBR) over a tax issue worth Rs. 50 billion. This comes after the CAA rejected the advice of the Sindh High Court to settle the matter with the federal government or the Alternate matter Resolution Committee (ADRC). According to Express Tribune, the Supreme Court is set to hear the matter on Wednesday, right before the FBR expects to receive Rs. 9.5 billion in advance income tax from the CAA on September 25. According to CAA, it shouldn’t be…
Islamabad, Sep 17: Deputy Prime Minister of the Russian Federation, Alexei Overchuk, will lead a high-level delegation to Pakistan on 18-19 September 2024. Deputy Prime Minister Overchuk will hold meetings with the President, the Prime Minister and the Deputy Prime Minister/Foreign Minister of Pakistan. Pakistan and Russia enjoy cordial relations based on goodwill, amity and trust, which is reflected in the multi-faceted bilateral cooperation including in trade, energy and connectivity.
Islamabad, Sep 17: Pakistan’s leading digital microfinance bank, Mobilink Bank, has secured the prestigious title of ‘Best Digital Banking Services’ (Microfinance Category) at the 21st Annual Excellence Awards hosted by CFA Society Pakistan. This marks the Bank’s second consecutive win, claiming the same honor last year, solidifying its position as a leader in digital banking innovation. In 2024, Mobilink Bank witnessed a 56% growth across its digital channels. Monthly transactions via its digital platforms now exceed PKR 20 billion, representing a 50% increase. Additionally, PKR 4.5 billion has been booked through the Dost app in loans, reflecting an impressive 422%…
Islamabad, Sep 14: Jam Kamal Khan, the federal minister of commerce, highlighted the strategic alliance often referred to as “iron brothers” between China and Pakistan. The Minister of Commerce emphasized how crucial it is to match the two nations’ robust political and geopolitical relationships with their economic collaboration. The minister stated, “There is still vast untapped potential, even though our economic partnership has grown significantly, particularly through initiatives like the China-Pakistan Economic Corridor (CPEC) and the China-Pakistan Free Trade Agreement (CPFTA).”At the Pakistan Investment Conference, which was part of China’s second-largest show, the China International Fair for Trade in Services…
Islamabad, Sep 14: 24 carat gold was sold for Rs. 266,300 per tola on Friday, up Rs. 400 from the previous trading day’s sale of Rs. 265,900. According to the All Sindh Sarafa Jewellers Association, the cost of 10 grams of 24 karat gold grew by Rs. 343 to Rs. 228,309 from Rs. 227,966, while the cost of 10 grams of 22 carat gold increased to Rs. 209,283 from Rs. 208,970. At Rs. 2,950 per tola and Rs. 2,529.14 per gram, respectively, the price of silver did not change.According to the Association, the price of gold on the global market…
Islamabad, Sep 14: During a panel discussion, experts from a variety of environmental and health sectors stated that Pakistan was severely suffering from the consequences of climate change and that Pakistan needed international assistance to find a long-term solution to deal with the issue’s mounting issues. During the 79th session of the UN General Assembly, the Muslim American Leadership Alliance and the American Pakistan Public Affairs Committee convened a unique panel discussion at One UN Plaza to examine climate change and long-term solutions. Maha Rashid Khan, the board chair of MALA, gave the attendees an introduction and emphasized the discussion’s…
Islamabad, Sep 14: The Nust School of Health Sciences (NSHS) held an art competition on climate change and its effects on communities and health in partnership with Jhpiego, Pakistan. The competition, with the theme “HER Climate,” which stands for Healthy Communities & Environment Resilient, aimed to inspire kids to investigate climate challenges creatively via their artwork. According to a news statement released by Nust on Friday, over 100 kids enthusiastically participated in the event, showcasing their creativity while highlighting the critical connection of climate change and community health. It also stated that a sizable contingent of educators and students from…
Islamabad, Sep 14: The Capital Development Authority (CDA) has stepped up attempts to obtain approval for the PC-1 of a significant residential project near the Korang River that is targeted at Pakistanis living abroad. According to specifics, this large-scale project will stretch for about 6.5 kilometers along the riverbanks and provide upscale housing options in a desirable area. In the meantime, the CDA is trying to get the Asian Development Bank (ADB) to fund the building of the Islamabad Bus Terminal, which is an essential addition to the city’s transit network. The rebirth of Islamabad’s film industry was a major…
Islamabad, Sep 14: Applications for the Chief Minister’s Green Tractor Scheme, which offers a subsidy of Rs one million per tractor, would be invited soon, Secretary of Agriculture Punjab Iftikhar Ali Sahu announced on Saturday. The province-wide promotion of mechanized farming is the goal of this project. During a review meeting on cotton at MNS Agricultural University in Multan, where efforts to increase cotton production were also discussed, he made the news. Sarfraz Hussain Magsi, Special Secretary for Agriculture South Punjab; Prof. Dr. Ishtiaq Ahmad Rajwana, Vice-Chancellor; Dr. Muhammad Anjum Ali, Cotton Focal Person; Chaudhry Abdul Hameed, Director General Agriculture…
