The government of Balochistan has made the decision to provide scholarships for over 400 children of laborers to attend universities across the country this year. Two hundred youngsters have already been registered by the Labour and Manpower Department, and another two hundred will be registered by July 15. This choice was decided on Wednesday during the Labour and Manpower Department’s review meeting, which was presided over by Balochistan Chief Minister Mir Sarfraz Bugti. During the conference, the kids Skills Development Program’s progress was evaluated. It was discovered that the first group of skilled kids from Balochistan will be transported overseas…
Author: Iqra Khan
The federal government will like abolish Up to a fifteen percent additional income tax on the profits earned by the banks from lending money to the Finance Division will probably be eliminated.This move comes from an agreement reached by commercial banks and the federal government to use the Finance Act 2024 to do away with the Advances-to-Deposit rate-based income tax. Although the government intends to remove the bank tax, it is not undoing the substantial tax hike for the salaried class, which is now projected to pay over Rs. 435 billion in income tax in 2019 as a result of…
Although Finance Minister Muhammad Aurangzeb declared during the budget’s closing argument that stationery items would continue to be free from sales tax, the government will nevertheless levy a sales tax on them. The modified Finance Bill 2024 will levy sales tax on stationery items even though it was announced that the tax would no longer be applied to them. During the National Assembly’s Winding Up debate on the budget for the upcoming fiscal year, Finance Minister Muhammad Aurangzeb declared that the sales tax exemptions for stationery have been preserved. Sources, however, said that under the revised Finance Bill 2024, the…
Important concessions included in the Finance Bill 2024 have been rejected by the International Monetary Fund (IMF).Despite heavy lobbying from exporters, the IMF has also declined to permit the reinstatement of a fixed income tax structure for export revenues. The IMF has insisted that all incomes, including those of exporters, be subject to regular regime taxation, despite the government’s proposal to raise the fixed tax rate for exporters from 1 percent to 2–3% percent, as per a national daily. In the interim, the lender has approved the government’s plan to remove the Federal Excise Duty (FED) on cement, reinstate professor…
Health expert Thursday warned that it was common practice for vendor carts to use unclean water while preparing refreshing drinks including juices, Nimbu Pani (lemonade), Imli Alo Bukhara, sugarcane juice, and ice cream falooda on the roadside, posing a serious threat to citizens health. The head of the emergency ward, Imran Sarwar Sheikh, talking to a private news channel, said, “One of the primary concerns is that these vendors are using raw ice, which is harmful to bacteria and carries a variety of microorganisms, including bacteria like E.These viruses can cause gastrointestinal illnesses when ingested,” he said. “Raw ice may…
Germany’s new citizenship reform, which is scheduled to take effect on June 27, significantly alters the naturalization procedure and allows foreigners to become citizens in as little as three years. The policy, which was put up by the center-left coalition government, intends to encourage integration into German society and acknowledge the achievements made by immigrants. Germany is finally letting people hold more than one citizenship as a regular practice, abandoning its previous restrictive stance. The reform’s significance was underscored by Federal Interior Minister Nancy Faeser, who said, “At last, our law is doing justice to our diverse society.” The message…
The Benazir Income Support Programme (BISP) has disbursed over Rs.50 billion among over 47,00,000 beneficiaries from across the country so far under the Benazir Kafaalat quarterly payments (April-June). “Till June 26, over Rs. 50 billion has been disbursed among over 47,00,000 beneficiaries which make 70 per cent of the total beneficiaries”, said an official source.The disbursement of the quarterly tranche (April-June) of Benazir Kafaalat cash assistance to the beneficiaries is continued across the country in two phases to disburse Rs. 10,500 per household among over nine million registered beneficiary families. In the first phase, the payments were being issued among…
The UN agency tackling crime and drug abuse released its annual World Drug Report Wednesday, with a warning that there are now nearly 300 million users globally, alongside an increase in trafficking. “Drug production, trafficking, and use continue to exacerbate instability and inequality, while causing untold harm to people’s health, safety and well-being,” said Ghada Waly, Executive Director of the Vienna-based UN Office on Drugs and Crime (UNODC) said in a statement. “We need to provide evidence-based treatment and support to all people affected by drug use, while targeting the illicit drug market and investing much more in prevention.”The International Day…
Deputy Commissioner Muhammad Zulqarnain distributed a total of Rs.600,000 among the winners of Punjab Chief Minister “Wheat Growth Program”.According to the spokesperson here on Thursday,a cheque of Rs. 300,000 was given to farmer Muhammad Riaz of Kot Agha who got first position by achieving the highest yield of 65.405 maunds per acre.The second prize of Rs. 200,000 was given to Kashif Ali of Roras who was able to obtain 62.436 maunds per acre, whereas the third position holder Rana Maqbool Ahmed got a cheque of Rs.100,000 for producing 58.319 maunds per acre yield in the competition. Additional Deputy Commissioner General…
Three people were injured after a fire broke out in an oil tanker here at a petrol pump on Multan road late Wednesday night.According to Rescue 1122 spokesman, the emergency service received information that an oil tanker engulfed in flames here at a petrol pump near Kulachi-wala area on Multan road. After receiving information, the medical and fire fighter teams of Rescue 1122 rushed to the site. The fire fighters controlled the fire and saved the area from any big loss. The medical teams shifted all the three injured to hospital after providing them first medical aid. The injured were…
