ISLAMABAD, AUGUST 6: The Tajir Dost Scheme, the Federal Board of Revenue (FBR) has made available to trader’s flexible advance tax rates (Trader-Friendly Scheme). In accordance with the revised rates, 78% of localities will be subject to a monthly tax of Rs $5,000. The following rates of taxation are established under the scheme: Rs 10,000 for 14% of the areas, Rs 20,000 for 5% of the territories, Rs 30,000 for 2% of the areas, Rs 45,000 for 0.6 percent of the regions, and Rs 60,000 for 0.32 percent of the areas. Furthermore, under the system, traders who pay their taxes…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 5: According to authorities, criminals are utilizing the well-known Google Maps program to transport narcotics throughout Pakistan by taking advantage of technology. Dealers in the Khyber area have established a covert distribution network by exchanging GPS information and utilizing chat applications. They may send pharmaceuticals across the country using this technique, called the “Location Network,” in place of more conventional face-to-face transactions. These traffickers place narcotics in predetermined sites around various cities and villages, eschewing the conventional hand-to-hand exchanges. They take pictures of these locations, post the pictures, and use WhatsApp to communicate with the district’s major merchants.…
ISLAMABAD, AUGUST 5: Today, the Pakistani rupee (PKR) opened trading at 278 in the interbank market, but it began the week down versus the US dollar. It closed in red vs the US dollar, remaining negative throughout the day. During today’s session, it recorded significant losses compared to the majority of the other major currencies. Today, it lost about Rs. 5 to the Euro. The interbank rate closed at 278/$, where it had spent most of the day. Today’s open market rates were rigidly set at the 278 level across a number of currency exchanges. The PKR lost 13 paisas…
ISLAMABAD, AUGUST 5: An international airline located in the United Arab Emirates was fined Rs. 100,000 by a consumer court in Sialkot for giving a customer subpar service. Passenger Fatima Saba from Sialkot filed a complaint with the district consumer court, claiming that she had purchased a ticket from Faisalabad to Istanbul (Turkiye) on April 17, 2024. When Saba got to the airport, she saw that the airline had canceled the trip without telling her in advance. In addition, she did not get a refund for her ticket and the trip was not rescheduled. The petitioner submitted the necessary paperwork…
ISLAMABAD, AUGUST 5: The admission timetable for Semesters 1 and 5 of the 2024–2025 academic year has been released by Punjab University, following the successful completion of the entrance exam for undergraduate programs. Punjab University’s undergraduate program admissions are now open. The program includes the campuses in Lahore, Gujranwala, Jhelum, and Potohar, according to government sources. For the undergraduate regular program, the first merit list will be made public on August 12 and the second on August 16. The following merit lists are scheduled to be released on August 21, August 26, and August 29. The first merit list for…
ISLAMABAD, AUGUST 5: Bangladeshi Prime Minister Sheikh Hasina has quit her position and left Dhaka in the midst of violent protests. It is said that she is going to India. “She and her sister have left Ganabhaban (the Prime Minister’s official residence) for a safer place,” according to an AFP source. She and her younger sister Sheikh Rehana left Bangabhaban at approximately 2:30 p.m. on Monday on a military chopper to go to a “safer place.” ANI reported. In the meantime, Prime Minister Sheikh Hasina has been handed a 45-minute ultimatum by the Bangladesh Army to go. Student organizations’ protests…
ISLAMABAD, AUGUST 5: The Competitive Commission of Pakistan’s clearance, Lucky Core Industries will purchase a portion of M/s. Pfizer Pakistan Limited’s assets. A number of agreements, including the Asset Purchase Agreements and the Frame Agreement, have made this transaction possible. A number of well-known pharmaceutical medicines, together with the corresponding registrations, manufacturing techniques, expertise, and related trademarks for Ansaid, Ponstan, Ponstan Forte, Basoquin, Deltacortril, Lysovit, Corex-D, and Mycitracin, are included in the transaction. Pakistan’s Lucky Core Industries is a publicly traded business that produces a range of chemicals and medications. Pfizer Pakistan Limited, the seller, is a publicly traded, unlisted…
ISLAMABAD, AUGUST 5: Investors are preparing for massive losses globally as Ethereum and Bitcoin plummet amid worries in the global market that Iran may strike Israel on a massive scale at any moment. Over the last week, Bitcoin has dropped by 22%; today, it dropped by an astounding 13% to about $53,100. Over the last seven days, Ethereum has dropped 31%, and just Sunday, it has dropped 20% ($2,337 at 11 AM PKT). In the last day, bitcoin traders have sold off more than $620 million, and further selloffs are likely as bears maintain their hold on the market. Investors…
ISLAMABAD, AUGUST 5: Pakistan International Airlines (PIA) discovered that its Deputy Station Manager in Birmingham’s intermediate certificate is purportedly false, and as a result, PIA issued a show-cause notice to him. A PIA representative stated that the airline forwarded Deputy Station Manager Javed Iqbal Bajwa’s academic records to the appropriate boards for validation. It was discovered that Bajwa’s intermediate certificate was fake after the verification procedure. Bajwa has seven days to reply in writing to the notification with supporting documentation about the legitimacy of his certificate. According to the warning, failure to comply may result in disciplinary action. In a…
ISLAMABAD, AUGUST 5: To achieve structural changes in the electricity industry, the Prime Minister has formed an eight-member Task Force, which will be chaired by Federal Minister for electricity Sardar Awais Khan Leghari. The PM has decided to form a task force to identify and supervise the implementation of structural reforms in the power sector in order to lessen the financial burden currently bearing on the federal government and to facilitate the development of an effective, liquid, and self-sustaining competitive power market, according to a notification released by the PM office on Sunday. The task force on electricity sector will…