Islamabad, Sep 14: Tier-2 merchants may be eligible for a five-year minimum tax relief from the federal government. According to sources, members of the Ministry of Finance and the State Minister for Finance and Revenue chaired a meeting where this topic was covered. The Federal Board of Revenue, the Ministry of Information Technology, and the State Bank of Pakistan were also present at the meeting. The adoption strategy for a digital transaction system was covered in the discussion. In Pakistan, cash is used in about 95% of retail transactions (customer to retailer). Media has been informed by sources that the…
Author: Iqra Khan
Islamabad, Sep 14: According to the International Telecommunication Union’s (ITU) Global Cybersecurity Index 2024 study, Pakistan gets the highest score. Pakistan was listed among the top-tier performers when it came to cybersecurity, and the survey rates hundreds of nations on several continents. The cybersecurity performance scores of these countries are shown by the report’s tier divisions. The top scorers advance to the highest tier (Tier 1), while the lowest scorers are placed in Tier 5. The score considers a number of variables, including the legal, technical, organizational, capacity-building, and cooperative initiatives implemented by a nation. The tiers are as follows:…
Islamabad, Sep 13: On Friday night and Saturday, there is a chance of rain, some severe downpours, and hailstorms in Islamabad, Rawalpindi, and other areas of Pakistan. The top regions of Pakistan are penetrated by moist currents from the Arabian Sea, according to the Pakistan Meteorological Department (PMD). Tonight, a westerly wave is probably going to strike the country’s top regions. Given the current weather, Islamabad, Rawalpindi, higher Khyber-Pakhtunkhwa, Pothohar region, northeast/upper Punjab, and Kashmir are anticipated to see rain on Friday night and Saturday along with some heavy rainfall and hailstorms. In isolated areas of north Balochistan, Gilgit Baltistan,…
Islamabad, Sep 13: Limited residential and commercial plots are now being offered for direct sale by the Defence Housing Authority (DHA) in Peshawar. Payment choices include easy instalments or lump sum. On September 13, the statement was posted on their official Facebook page. Important Information: Types of Plots: There are residential and business plots available. Payment Options: Buyers have the option of making easy, flexible installment plans or a single, lump sum payment. Availability: There are just a few plots available due to strong demand. An exceptional opportunity to invest in one of the most renowned developments in Peshawar is…
Islamabad, Sep 13: For grade 1 through 22 federal employees in six locations, the federal government has raised the rental maximum. Documents show that the estate office has published a notification on the revision of rental ceilings for residential rentals at six stations: Quetta, Lahore, Islamabad, Rawalpindi, Karachi, Peshawar, and Lahore. According to the Estate Office document, following a thorough investigation to determine the market rent rates for residential accommodations in Islamabad and five other locations, the Ministry of Housing and Works has authorized the change of rental ceilings. It has been noted that the neighborhood or sector has a…
Islamabad, Sep 13: Pakistan’s IT industry is expected to benefit from its ranking in the top tiers of the International Telecommunication Union’s (ITU) 2024 Global Cybersecurity Index (GCI) report, according to State Minister for Information Technology and Telecommunication Shaza Fatima Khawaja, who made this announcement on Friday. Speaking during a press conference, she stated that Pakistan was placed 79th in the ITU’s 2021 Global Cybersecurity Index, but 46th in the current report.According to the research, Pakistan has demonstrated leadership in legal, technical, capacity building, skill development, and organizational growth. “The implementation of crucial legal measures, plans, capacity building initiatives, and…
Islamabad,Sep 13: One-eighth of the world’s oil supply produced by itself, Aramco is the top oil producer. This week, the major Saudi oil company announced the opening of its first gas station in Pakistan. In May 2024, Aramco acquired a forty percent interest in GO (Gas and Oil Pakistan LTD). It made this important move to strengthen its position as the nation’s top retailer. Aramco’s media department stated, “We intend to open our first gas station in Pakistan. After the website becomes up, we’ll divulge further information. The aforementioned assertion was sent to Arab News via email. Aramco’s acquisition of…
Islamabad,Sep 13: Chinese automakers GAC and Dewan Motors, senior minister Sharjeel Inam Memon of the Sindh government announced plans to expedite the province’s introduction of electric taxis. The main topic of discussion during the conference was the introduction of a green taxi service that would update public transportation while lowering pollution. Key participants at the meeting included Dewan Yousuf Farooqui, Sindh Transport Secretary Asad Zaman, and GAC members Zhu Song, Zhen Wen, and Zafar Hassan. Zhu Song, general manager of GAC, discussed the advantages and technical features of electric cars as several approaches to the introduction of the taxis were…
Islamabad, Sep 13: The Competition Commission of Pakistan (CCP) has approved two acquisitions, reinforcing its commitment to promoting competition across sectors. The transactions involve M/s. International Paper Company acquiring M/s. DS Smith Plc, and M/s. Pakistan Pencils (Private) Limited acquiring M/s. YDE SA (SMC-Private) Limited. M/s. International Paper Company, a US based global leader in renewable fiber-based packaging and pulp products, is acquiring 100% shareholding of DS Smith Plc, a public limited company in England and Wales and the parent of the DS Smith Group. DS Smith operates primarily in corrugated packaging across the European Economic Area. In Pakistan, its…
Islamabad, Sep 13: Inaugurating the Shanghai Cooperation Organization (SCO) Business and Investment Conference on Thursday at an Islamabad local hotel was Federal Minister of Commerce Jam Kamal Khan. Senior ministers, senior government officials, foreign diplomats, representatives from SCO member states, and prominent figures from Pakistan’s business community attended the high-profile event, which highlighted Pakistan’s dedication to promoting trade and economic cooperation in the region, according to a press release released here. In his address, Jam Kamal Khan expressed gratitude to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for arranging the conference and wished the honored guests a…
