Islamabad, Aug 25: State-owned firms are obligated by the Federal Board of Revenue (FBR) to utilize alternate dispute resolution committees (ADRCs) to settle any tax-related problems with the FBR. An SRO.1290 (l) 2024 was released by the FBR on Saturday to alter the Income Tax Rules of 2002. The definition of “State-owned enterprise” under the amended ADRC regulations is the same as it is in the State-Owned Enterprises (Governance and Operations) Act, 2023. This provision will apply to any dispute involving a state-owned firm, regardless of the amount of tax due. If the state-owned enterprise feels that it has been…
Author: Iqra Khan
Islamabad, Aug 25: The assistance of railway police and train workers, Pakistan Railways has conducted a crackdown on ticketless passengers during the last seven months, collecting a total of Rs.79.2 million. According to Ministry officials who spoke to media, “about 61,352 passengers were found traveling without tickets in various trains and the said amount was collected from them, which is deposited in the official bank account of the department.” They added that such crackdowns had been happening on a regular basis and that Pakistan Railways had not been the first to carry out a large-scale operation against people traveling without…
Islamabad, Aug 25: In order to address the impending difficulty, the municipal administration of Karachi has declared a “rain emergency” for all local government institutions as they prepare for heavy showers starting on Monday due to a new weather system. A weather system that was forming in West Bengal was expected to bring with it heavy rains, according to a forecast from the Met Office. The system was also expected to proceed westward over the following several days. From Monday through Thursday, significant rainfall and urban flooding are anticipated as a result of it. City Mayor Murtaza Wahab urged all…
Islamabad, Aug 25: Famous Urdu poet Ahmed Faraz’s enduring legacy was honored on Sunday, the 16th anniversary of his passing, as admirers and fellow poets paid moving tribute to his enormous contribution to literature via various media platforms. PTV news channel said that while the literary community laments the passing of this creative talent, his followers are honoring his legacy and remembering how his stirring and potent poetry influenced Urdu language. On January 12, 1931, Ahmad Faraz was born in Kohat. Syed Ahmad Shah was Ahmad Faraz’s true name. He began his work with Radio Pakistan Peshawar as a scriptwriter…
Islamabad, Aug 25: In an effort to fortify the nation’s energy infrastructure, Pakistan has initiated its first-ever low-carbon energy storage project. The Prime Minister’s Coordinator on Climate Change, Romina Khurshid Alam, was present at the project’s introduction event held in the federal capital. Alam stressed that Pakistan has made significant progress with the novel “Energy Storage as a Service” (ESaaS) model, which enables energy storage to be provided as a service rather than as an expensive investment. It is anticipated that this strategy will reduce the burden on businesses and promote the adoption of sustainable practices by improving the accessibility…
Islamabad, Aug 25: According to figures from the Pakistan Telecommunication Authority (PTA), the number of cellular subscribers climbed from 192.53 million at the end of June 2024 to 192.924 million (+394,000) at the end of July. According to data from the regulator, Pakistan had a rise in 3G and 4G customers from 134.78 million at the end of June to 136.312 million at the end of July 2024. Cellular teledensity, or the number of connections per 100 people in the nation, was constant at 79 percent by the end of July 2024, although Next Generation Mobile Service (NGMS) penetration climbed…
Islamabad, Aug 25: The rumors that ATMs all over Pakistan are closing because of a problem with LDI networks, according to the Pakistan Telecommunication Authority (PTA), are untrue. “In response to the false information spreading in the media regarding the possible shutdown of ATMs, it is made clear that there isn’t a problem with LDI networks being unavailable or closed at this time that might affect the IT or financial sectors, including ATM networks,” the statement released on Saturday said. According to it, the LDI licensees whose licenses have expired are not ceasing to operate. This follows news on Friday…
Islamabad, Aug 24: Indigo Signature Apartments, Graana.com and Indigo Developers have signed a memorandum of agreement (MoU). It is anticipated that this major partnership will offer Lahore a range of high-end living choices, such as studios, villas, penthouses, and one-, two-, and three-bedroom flats. The project will be situated in Garden Town, Lahore’s sought-after Sher Shah Block. Graana.com has obtained exclusive marketing rights for the Indigo Signature Apartments project, while Agency21 International has been granted exclusive sales rights. The cooperation was signed in the Graana Regional Office in Lahore. Notable guests included Azrab Shakil, the Business Center Manager of Agency21,…
Islamabad, Aug 24: Many people’s dreams of owning their own homes have been crushed by the escalating cost of materials, according to WealthPK. Contractor Naeem Ahmed stated that the individuals involved in the building industry were facing numerous issues due to the increasing cost of materials. According to him, the building sector in Pakistan is the foundation of numerous companies, including paint manufacturers, hardware stores, brick kilns, steel mills, and woodworking shops. The workers and businesses alike are feeling the pinch of the surging prices. It is paradoxical that despite being a billion-dollar industry that supports countless families, the government…
Islamabad, Aug 24: Peugeot is reportedly preparing for a big entry into the Pakistani market in 2025 with the introduction of possibly many new models. This will undoubtedly be an exciting development for the company, as there has been much expectation since its inception in Pakistan. Peugeot is the world’s oldest car manufacturer, and it has built a solid reputation for producing cars with cutting-edge technology, fashionable styling, and dependable performance over the years. The 2008 model, Peugeot joined the Pakistani market in 2022 and is presently the sole domestically built European SUV there. The brand, which is renowned for…
