ISLAMABAD, JULY17: Chief Minister Syed Murad Alli Shah said on Wednesday that Sindh government was constructing 2.1 million houses for flood-affected people, from which 1.5 million have been completed so far and 600,000 are under construction. Talking to Media the CM said that he was trying to complete the largest housing project for flood-affected people by December 2025.
Author: Iqra Khan
ISLAMABAD, JULY17: For the upcoming fiscal year, the Department of Excise, Taxation, and Narcotics Control has raised the rates on real estate taxes. Each and every taxpayer in the Rawalpindi Division has received a tax notification. Two discount options are available from the department: a 5% discount for lump sum payments submitted within three months, and a 7% discount for online filing. By July 10, all taxpayers with residential and commercial property will receive their tax notices. The last stages of the preparation process are now underway. A severe warning that defaulters will incur heavy fines will be included in…
ISLAMABAD, JULY17: Iftikhar Ali Malik, the former president of the SAARC Chamber of Commerce and Industry, stated on Tuesday that Pakistan can easily earn billions of dollars in foreign exchange by properly utilising its estimated $6 trillion dollar natural riches. Speaking to a group of businessmen headed by Taimur Ali here, he claimed that this enormous wealth has the power to completely change the nation’s economic structure if it were properly managed. The mining industry in Pakistan is still underdeveloped and makes up a very minor portion of the country’s GDP. It will take the implementation of numerous strategic actions…
ISLAMABAD, JULY17: The Pakistan Association of Exhibition Industry (PAEI) is organizing the second Pakistan Investment Summit and Smart Expo, which will take place on November 2, 2024, in Jeddah, Saudi Arabia. The founder chairman of PAEI, and Khurshid Barlas met Senior DG BoI Zulfikar Ali, Director, and Irfan Ullah Khan in their office, along with Fahad Barlas Convener Exhibition. Senior DG BoI Zulfiqar Ali expressed sadness that they would not be attending the conference as well. The DG BoI was notified that Khalid Majeed, the Pakistani consul general in Saudi Arabia, will open the exhibition in May 2024. Delegates from…
ISLAMABAD, JULY17: According to Chief Meteorologist Dr. Sardar Sarfraz, Pakistan’s rapidly increasing population is making climate change problems worse. He urged the country to declare a climate emergency and emphasized the critical roles that the public and corporate sectors as well as religious leaders must play in resolving the issue. Speaking at a seminar titled “The Impact of Growing Population on Climate Change,” Dr. Sarfraz was a guest of the Global Awareness and Empowerment Network and the Skills Development Committee of the Karachi Press Club. During the seminar, Saeeda Sheikh, the director of the social welfare department, Mehnaz Rehman, an…
ISLAMABAD, JULY17: The National Emergencies Operation Center (NEOC) of National Disaster Management Authority (NDMA) has issued a glacial lake outburst floods (GLOF) alert for Khyber Pakhtunkhwa and Gilgit-Baltistan (GB). The NEOC has warned of possible GLOF in the mountainous regions of Khyber Pakhtunkhwa (KP) and Gilgit-Baltistan due to rising temperatures and expected heavy rainfall from July 17 to 23, 2024. This may lead to increased water levels in local rivers and streams, landslides, and flash flooding, a news release said. The NDMA has directed the Provincial Disaster Management Authority of Khyber Pakhtunkhwa and the Gilgit-Baltistan Disaster Management Authority to coordinate…
ISLAMABAD, JULY17: Cities in Pakistan are warming by 5–6 degrees, Global weather patterns are greatly impacted by climate change, leading to a variety of disruptions and extreme weather events. The University of Maryland has released a new interactive map that illustrates how climate change is changing our globe and how it will likely get worse as more greenhouse gases are released into the atmosphere. The spatial ecologist at the university, Matthew Fitzpatrick, made the map, which is titled “Future Urban Climates.” It provides an explanation of how cities will feel in 60 years using sophisticated modeling for thousands of cities,…
ISLAMABAD, JULY17: In a bid to transform Pakistan into a global IT hub, the Ministry of Federal Education on the directions of the prime minister, is set to launch a landmark project aimed at equipping school children with cutting-edge skills in emerging technologies. The project, which will establish “Emerging Technology Centres” in 350 schools across Islamabad, AJK, and GB, is part of the government’s strategic planning to strengthen its initiative to make Pakistan a global IT destination, a statement of education ministry said. The centres will serve as conduits for introducing children to emerging technologies such as virtual reality, artificial intelligence,…
ISLAMABAD, JULY17: For the purpose of raising professional standards and safeguarding investors in Pakistan’s financial services industry, the Securities and Exchange Commission of Pakistan (SECP) is implementing a thorough obligatory certification program. A working paper published by the SECP for stakeholders states that as of right now, a number of financial services industry operations, including as those in the insurance, securities, and NBFC sectors, require obligatory certification. These regulations, which lack a consistent methodology, have been imposed via a number of circulars issued under the corresponding statutes. These requirements will be combined into a single, comprehensive framework that will govern…
ISLAMABAD, JULY17: The business community in Lahore and Peshawar has addressed Prime Minister Shehbaz Sharif on a number of anti-business policies enacted under the Finance Act 2024, such as the contentious SRO 350(I)/2024 issued by the Federal Board of Revenue (FBR) that will negatively impact compliant businesses. The Prime Minister has been asked by the chambers of Lahore and KP to examine SRO 350(I)/2024 and certain unfavorable provisions of the Finance Act 2024.The PM was informed by the business community in KP and Lahore that the Pakistani business community faces complex and multifaceted economic issues. As the business community’s representative,…
