India defeated South Africa by seven runs in the championship match of the 2024 T20 World Cup, capping an incredible triumph. India has won two T20 World Cups with this victory.Being the only player to have appeared in the winning Playing XI of all four major ICC Men’s events the U19 World Cup in 2008, the Cricket World Cup in 2011, the Champions Trophy in 2013, and now the T20 World Cup in 2024 Virat Kohli accomplished an amazing milestone. At the end of this match, Kohli was instrumental, scoring 76 runs off of 59 balls. His performance contributed to…
Author: Iqra Khan
Commissioner of Inland Revenue has been spared from paying a Rs. 50,000 court fee by the government when they file an income tax reference application against taxpayers in the High Court. Commissioner of Inland Revenue has been spared from paying a Rs. 50,000 court fee by the government when they file an income tax reference application against taxpayers in the Pakistan High Court and the tax regulations in Pakistan. The proposed amendment to Section 127(1) would have brought the Commissioner Appeals’ element of pecuniary jurisdiction into compliance with Section 126A, which was added by the Tax Laws (Amendment) Act 2024.…
Pakistan quickly approved the IMF-mandated Federal Budget 2024–25 on Friday, despite some last-minute changes that essentially doubled the tax rate on salaried class, increased the cost of gasoline and diesel, and imposed a hefty 10% surcharge on high salaries. While the Washington-based lender continues to feel that it is insufficient, many in Pakistan have called this terrible. Here, there are a few things we must comprehend. As demonstrated lately in Kenya, raising taxes in the upcoming budget may appear like a solution, but it will ultimately backfire. Cutting spending has its limits, too, considering how much debt we have. The…
Exporters of goods, whether direct or indirect, are required to pay an advance tax equal to 1% of the foreign exchange proceeds realized after making specific payments. As per the information provided by Tola & Tola / Tola Associates, the Finance Bill in Pakistan 2024 has been changed to include a new sub-Section 6C in Section 147. The changes are as follows: (6C) In spite of everything in this Ordinance, the individuals listed in section 154 sub-sections (1), (3), (3A), (3B), and (3C) shall, when realizing foreign exchange proceeds, realizing proceeds from the sale or export of goods, or when…
This Best SUV in Pakistan was developed in collaboration with Mitsui Chemicals and ARRK Corporation. These innovative materials help make the vehicle lighter, which improves its overall performance. Unlike traditional SUVs that usually have two seats, the Hyper-F Concept best SUV in pakistan comes with four sporty seats, providing more space and comfort. TCD Asia has played a significant role in the development of this SUV by using cutting-edge 3D printing technologies.The ExtraBold Inc. EXF-12 3D printer is one of these technologies. The use of plastic pellets in this 3D printer allows for faster and more reliable printing. When producing…
A milestone in the educational cooperation between China and Pakistan was achieved last week with the formation of the China-Pakistan Digital Education Alliance.The alliance, jointly initiated by ITMC Technology Co., Ltd. and UNI International, along with over 160 Chinese and Pakistani technical and vocational education and training (TVET) partners, aims to strengthen Pakistan’s TVET system and transform it into a leading digital education hub. The formation of the alliance was announced during the International Digital Skills Exchange Seminar of the 2nd Belt and Road International Skills Competition held in Chongqing, China from June 24 to 26, local media reported.Over 200…
Chairman Capital Development Authority (CDA) Muhammad Ali Randhawa Saturday said that the authority would provide full support and assistance to the Chinese for establishing a four-tier data center in the federal capital.During meeting with Chinese delegation, he said “We commend China’s initiative to investment in Pakistan.” Muhammad Ali said that it was a significant step towards promoting technology in Islamabad on the directive of Prime Minister Muhammad Shehbaz Sharif and Minister for Syed Mohsin Naqvi, said a news release.The delegation has expressed keen interest in setting up a state-of-the-art four-tier data center in Islamabad. They highlighted that the project would…
The presidents of various chambers across the country on Saturday urged the government to focus on regional trade to significantly increase the country’s exports. They urged to remove trade barriers with neighbouring countries. Increasing exports to Iran and Central Asian countries should be part of the government’s priority agenda. They urged for effective lobbying in regional groups like ASEAN and ECO, new markets to explore for Pakistani products, especially textiles. Speaking at the session on promoting regional trade at the All Pakistan Chambers Presidents Conference hosted by the Islamabad Chamber of Commerce and Industry (ICCI), former FPCCI President Zubair Ahmed Malik…
Khyber Pakhtunkhwa Minister for Law, Aftab Alam Afridi has directed the concerned authorities to work together and take measures to maintain peace during Muharram. He said this during a meeting with elders belonging to different schools of thought in Kohat on Saturday. Deputy Commissioner, MPAs and representatives of police, Rescue 1122 and Pesco also attended the meeting. The minister directed to utilize resources to maintain law and order situation stressing devising a result oriented and applicable plan to achieve the objective.He also urged the people to play their role for peaceful observance of Muharram and foil attempts of elements to…
Punjab Chief Minister Maryam Nawaz and PML-N President Muhammad Nawaz Sharif chaired a five-hour meeting in which the Murree development plan was approved. The meeting accorded approval to development, beautification, transport, construction and rehabilitation projects as Senior Provincial Minister Marriyum Aurangzeb provided a detailed briefing. Approval was also given for the Rawalpindi to Murree Tourist glass train project and it was decided to hire an international consultant for the project. A decision was made to remove high-rise hotel buildings obstructing the natural scenery of Mall Road. It was further agreed to relocate the hotels from GPO Chowk to an alternative…
