Islamabad, Aug 24: The decision by Millat Tractors Ltd (MTL) to halt manufacturing until further notice is pressuring suppliers of parts to cease or reduce their business operations, perhaps leading to layoffs of employees. Furthermore, according to an MTL official, the company assembled and sold fewer than 1,000 units in August since it was unclear how GST refunds would work with the imposition of a 10% tax on tractor sales starting on July 1, 2024. To differentiate between a farmer, from whom 10 percent GST is to be collected, and a non-farmer tractor buyer, for whom 18 percent GST is…
Author: Iqra Khan
Islamabad, Aug 24: Senators warned during a house committee meeting on Friday that if domestically produced cars did not meet international standards, automakers would not be able to accomplish their 7 percent export goal. A three-person subcommittee led by Saifullah Sarwar Khan Nyazee was established by the Senate Standing Committee on Industries and Production, which convened with Aon Abbas in the chair, to examine the nation’s policies regarding electric vehicles. After the government established the export goal at 7 percent for 2024–2025, officials told the gathering that the corporations had secured a stay order from a court, claiming they would…
Islamabad, Aug 24: Export Processing Zones (EPZs) have been designated in Sindh and Punjab to supply the required infrastructure and make them immediately available for projects in joint ventures, according to a statement made by Federal Commerce Minister Jam Kamal Khan on Friday. During his visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) main office here, he made this statement while speaking with members of the business community and the media. He claimed that he, along with other ministers, officials, and representatives of the private sector, had visited all of the country’s EPZs and assessed the…
Islamabad, Aug 24: The Pakistan Armed Forces’ tri-services team won five medals in the 4th CISM (International Military Sports Council) World Military Cadet Games, marking an incredible feat of triumph. From August 16 to 22, military athletes from all over the world gathered in Caracas, Venezuela, to compete in this esteemed tournament. The Pakistani squad excelled in a variety of track and field and shooting competitions, inspiring pride in the country with their remarkable achievements. Pakistan Air Force’s Chief Warrant Officer Mueed Baloch showed brightly, adding a silver medal in the 200 meters to his achievements in addition to winning…
Islamabad, Aug 24: Muhammad Ali Randhawa, Chairman of the Capital Development Authority (CDA), visited the Islamabad Expressway project early on Saturday morning to inspect the construction activity. He observed the ongoing work on covering, the railway, and the Bhandar bridges with the assistance of CDA member engineering and other officers. Chairman Randhawa received an update from Frontier Works Organization (FWO) representatives in his camp office during the visit, and they guaranteed him that the project would be finished by September 30 in spite of some minor setbacks due to monsoon rains. Over 98% of the work has been concluded, with…
Islamabad, Aug 24: The Chenab River at Head Marala is experiencing an increase in water levels, as alerted by the Provincial Disaster Management Authority (PDMA). At the mentioned location, water levels of about 112964 cusec feet are recorded, clearly indicating that flooding is likely to occur. According to PDMA’s most recent data, there is approximately 163215 cubic feet of water accumulating at the Khanki area and 101,726 cubic feet of floodwater moving through Qadirabad. The report went on to say that in the next days, a moderate to high level flood is predicted to cross the Chenab River. Residents along…
Islamabad, Aug 24: US Mission Pakistan Spokesperson, Jonathan Lalley on Saturday said that out of over $215 million the United States provided for flood relief and recovery, nearly $100 million has gone toward addressing malnutrition in the 2022 floods’ impacted areas of Pakistan. In a video message here, the US Mission Pakistan Spokesperson said that Pakistan’s 2022 floods have devastated the lives of millions of Pakistanis. “Women and children were hit especially hard. Even today, millions of Pakistani children are at risk of dying from malnutrition. We partnered with the World Food Program to provide emergency food and nutrition,” Jonathan…
Islamabad, Aug 24: Syed Sohail Jawad, the executive director of the State Bank of Pakistan, declared on Saturday that the government plans to incorporate Pakistanis living abroad into the domestic system. Speaking on PTV news, he said that because it was an expensive and time-consuming process, sending money to families in Pakistan presented challenges for Pakistanis living abroad.He said that as part of the National Payment Strategy, the State Bank of Pakistan introduced the Roshan Digital Account program to assist Pakistanis living abroad who are having problems with their remittances. Given that remittances make up between 8 and 9 percent…
Islamabad, Aug 24: Their excellent experience may help establish joint-stock businesses that will benefit our country and them by generating jobs.” Omid Haidari, a merchant, said, “It is necessary to activate industrial parks in all provinces and create more incentives to attract domestic and foreign investors.” More than $7 billion has already been invested in Afghanistan’s mining, agriculture, and industrial sectors, according to Nooruddin Azizi, the acting minister of industry and commerce, who made this clear in a special interview with TOLOnews. Abdul Jabbar Takhari, the Islamic Emirate’s consul in Karachi, Pakistan, underlined the importance of developing investment prospects in…
Islamabad, Aug 24: In order to contain a fresh mpox outbreak, the president of the UN World Health Organization (WHO) announced a response plan that would cost at least $135 million over the following six months. WHO Director-General Tedros Adhanom Ghebreyesus stated, “Let me be clear: this new mpox outbreak can be controlled and can be stopped,” during a speech to WHO member nations in Geneva on Friday. The statement was then shared on social media site X. He stated that as cases had expanded from Africa to Europe and Asia, including Pakistan, “responding to this complex outbreak requires a…
