Islamabad, Oct 1: FBR Tax Collection Shortfall of Rs. 101 Billion in FY25 Q1 The Federal Board of Revenue (FBR) has collected Rs. 2,438 billion against a target of Rs. 2,539 billion set for the first quarter of the current fiscal year. However, the FBR successfully met the monthly target of Rs. 985 billion for September 2024, achieving a gross revenue collection of Rs. 996 billion for the month. Despite meeting the September target, there is a significant shortfall of Rs. 101 billion for the first quarter (July-September) of 2024-25. To date, the FBR has received 3.6 million income tax…
Author: Mawadat Fatima
Islamabad, Oct 1: Sindh introduces online driving licence service for residents to enhance convenience. Citizens can now easily acquire both learning and international online driving licence through this online platform, with plans to introduce non-commercial license renewal services soon. Individuals interested in obtaining a learning license can do so by visiting the website https://dlsonline.sindhpolice.gov.pk/. After a waiting period of 42 days, they can apply for a permanent license at any branch. During a recent ceremony, provincial Home Minister Ziaul Hasan Lanjar praised the IG Sindh and DIG Driving License for implementing these online services. He emphasized the importance of modern policing…
Islamabad, Oct 1: Vivo has officially unveiled its highly anticipated V40 series in Pakistan, setting a new benchmark in smartphone technology that combines advanced features with affordability. This series, which includes the Vivo V40 and V40 Pro models, is tailored to meet the demands of tech-savvy consumers seeking high-performance devices without exceeding their budget. The Vivo V40 series is packed with impressive specifications, making it a compelling choice for users. The standard V40 model features a vibrant 6.5-inch FHD+ AMOLED display that delivers stunning visuals and an immersive viewing experience. Its sleek and modern design includes a glass back and…
Islamabad, Oct 1: Mominul Haque played a stellar innings, remaining unbeaten on 102 as Bangladesh reached 205-6 at lunch on the fourth day of their rain-interrupted second Test against India in Kanpur. His innings included 16 boundaries and a six, while Mehidy Hasan Miraz supported him with six runs at the other end. The day began with Bangladesh in a precarious position at 107-3, following significant rain delays and a wet outfield over the last two days. The top order faltered quickly, with Mushfiqur Rahim dismissed for 11 after Jasprit Bumrah’s delivery crashed into the stumps. India’s fielders showcased their…
Islamabad, Oct 1: Atlético Madrid vs Real Madrid: Dramatic 1-1 Draw in Madrid Derby The match was paused for over 20 minutes after home fans threw objects onto the pitch, causing a disruption in the 69th minute, shortly after Eder Militao had put Real Madrid ahead. The incident arose when objects were thrown at Real’s goalkeeper, Thibaut Courtois, who alerted the referee. Post-match, Courtois was diagnosed with a hip injury and is expected to be sidelined for a couple of weeks. Following the lengthy delay, Atletico intensified their attack, culminating in Correa scoring from close range in the fifth minute…
Islamabad, Oct 1: Tax season can be overwhelming, but the Integrated Revenue Information System (IRIS) makes filing your taxes a simple process. Here’s a step-by-step guide to using IRIS for easy tax filing, ensuring compliance and maximizing your refunds. Step 1: Register on IRIS To start filing your taxes with IRIS, you first need to register on the platform. Visit the official website and click on the registration link. Enter the required information, including your CNIC number, mobile number, and email address. After your account is set up, you’ll receive a confirmation message that allows you to log in and…
Islamabad, Oct 1: Bangladesh national cricket team vs India national cricket team match scorecard This clash highlighted the skills of both sides and emphasized the growing rivalry in international cricket. In the first innings, Bangladesh started steadily, with their openers forming a strong partnership. However, the experienced Indian bowlers countered effectively, claiming vital wickets at crucial moments. While Bangladesh managed to set a competitive total, they recognized the need for exceptional bowling to defend it against a strong Indian batting lineup. As India began their innings, their top order faced immediate challenges. With stars like Rohit Sharma and Virat Kohli…
Islamabad, Oct 1: Extraction of reported oil asset Pakistan’s primary challenge Pakistan possesses substantial natural resources, including notable oil reserves, but extracting these reported assets has been a persistent challenge, limiting economic growth and energy independence. Despite frequent announcements of promising oil field discoveries, the country struggles to translate these finds into efficient extraction and production due to factors like insufficient infrastructure, technological barriers, and geopolitical issues. A major problem in Pakistan’s oil industry is outdated infrastructure. Many oil fields, especially in areas like Sindh and Balochistan, lack modern equipment and technology for efficient extraction, resulting in lower production rates…
Islamabad, Oct 1; Why IMF has intervened in the agri sector. Recently, the International Monetary Fund (IMF) imposed a new requirement under the $7 billion Extended Fund Facility, mandating that Pakistan’s federal and provincial governments eliminate the crop minimum support price (MSP) system by June 2026. Currently, the MSP applies to only three crops: wheat, sugarcane, and cotton, whereas in India, it covers 23 crops. The MSP, commonly employed in many developing countries, serves two primary functions: it ensures farmers receive a minimum income for their produce and stabilizes the production and supply of essential crops. The first function aims…
Islamabad, Oct 1: A possible upturn in the auto sector. Despite restrictions on vehicle financing above Rs3 million and reduced loan payment terms, auto industry stakeholders remain cautiously hopeful that the recent reduction in interest rates from 22% in June 2024 to 17.5% in September will help boost sales. Auto financing has steadily declined for 26 months, dropping to Rs227.3 billion in August 2024 from Rs368 billion in June 2022. Banks’ enticing offers, such as no upfront payments and flexible financing options, have yet to draw in buyers. A private banker noted a slight positive change this month, as some…