Islamabad, Sep 15: Govt Applies Essential Services Act in DISCOs. The Essential Services Act has reportedly been in effect at DISCOs, NTDC, and GENCOs for six months in order to keep workers from going on strike while the Pakistani government plans to privatize these financially troubled state-owned companies. According to sources, the statute also restricts union activity within NTDCs, GENCOs, and DISCOs. While unions and employees of GENCO, DISCO, and NTDC are expected to demonstrate, sources suggest that any violation of the Essential Services Act will have dire repercussions. On August 2, following the Ministry of Energy’s announcement of a…
Author: Mawadat Fatima
Islamabad, Sep 15: The Federal Board of Revenue’s (FBR) “FASTER” refund payment system took eight to 19 days to process refunds whereas the “STARR” system took 286 to 753 days to process payment of sales tax refunds. The Auditor General of Pakistan (AGP) conducted an impact study in 2023–24 on the Fully Automated Sales Tax E-refund (FASTER) system, and the results showed that both systems handle refund payments in simultaneously. The primary distinction between the two systems is that cases processed via FASTER are handled centrally at every stage, from claim verification to payment authorization at the FBR headquarters. According…
Islamabad, Sep 15: Samsung Galaxy A16 5G may launch in December 2024 with a flat display and triple-camera setup. Although, the company has not confirmed anything yet, online leaks suggest that the handset will hit the market in December 2024. The upcoming Samsung Galaxy A16 smartphone will bring with it several improvements from its predecessor, the Galaxy A15 5G. The Galaxy A16 5G is anticipated to retain many of these features, with only minor refinements to keep it competitive in the sub-$200 price range. the MediaTek Dimensity 6300 Plus chipset will power the upcoming Samsung phone. It will come paired…
Islamabad, Sep 15: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb announced on Saturday that Pakistan to Secure IMF Loan on September 25th Speaking at the CFA Society of Pakistan’s 21st Annual Excellence Awards, he said he hoped this would be the last IMF program for the nation but cautioned that if reforms weren’t maintained, there might be a 25th program. The minister emphasized the need of macroeconomic stability, pointing out that Pakistan has tried a number of different economic models in the past, but none of them have produced the intended outcomes. Additionally, he emphasized the significance of…
Islamabad, Sep 15: The Karachi Weather turned pleasant with cloudy skies and cooler temperatures due to the influence of the sea breeze as winds were blowing at a speed of 20 to 25 kilometers per hour, providing relief from the recent heat. The Department of Meteorology predicts that the highest temperature will be between 32 and 34 degrees Celsius, with a humidity level of 78%, which adds to the nice weather in the city. Earlier today, the lowest temperature ever measured was 28 degrees Celsius. Although the humidity is still excessive, Karachi residents may still enjoy the milder temperature, which…
Islamabad, Sep 15; The Saudi agriculture sees 35% growth, it increases food security and creates new export opportunities. It is anticipated that the industry would keep growing in line with the goals of the Kingdom’s Vision 2030. Saudi Arabia’s agriculture sector is establishing itself as a major participant in the international market thanks to these significant advancements. The Saudi agriculture sees 35% growth, marking a new era of sustainability and self-sufficiency in the Kingdom. According to him, the growth of Saudi agriculture Sector can be attributed to the country’s Sustainable Agricultural Rural Development Program, which aims to improve rural production…
Islamabad, Sep 15: Karachi roads closed for traffic will undergo necessary maintenance and upgrades aimed at improving the city’s infrastructure. These closures are expected to last for a few days, and authorities are working around the clock to minimize disruption. Karachi roads closed for traffic have caused minor delays in certain areas, but officials are hopeful that the end result will lead to better transportation flow across the city. The Karachi Traffic Police has issued detailed maps outlining detours and suggested pathways to ensure smoother travel for the public. Heavy traffic is being diverted from Samama Chowk to Johar Chowrangi…
Islamabad, Sep 14: Pakistan are all set to take on arch-rival India in their last pool match of Asian Champions Trophy Hockey at Moji, China. The match will begin at 12:45pm Pakistan Standard Time. Pakistan had defeated the host China the day before to secure a spot in the mega-hockey event’s semifinal. Abdul Tehman, Hannan Shahid, and Nadeem Ahmed each scored one goal to guarantee the Green Shirts’ victory in the pivotal game. This previous week, the Team Green defeated Japan 2-1 to earn its first victory. Raiki Fujishima scored one goal for Japan, and Ahmad Nadeem and Sufyan Khan…
Islamabad, Sep 14: PM Shehbaz Announces E-bikes for Students In Islamabad, he presided over a conference and gave instructions to submit a thorough financial model and enhance the country’s licensing laws pertaining to the production of electric vehicles. Shehbaz Sharif stated that the government is giving electric car promotion top priority in the nation, pointing out that these cars will not only be environmentally benign but also save significant foreign cash by reducing the need to import gasoline and diesel. The Prime Minister declared that exceptional students at government schools will receive E-motorbikes in the same manner as the laptop…
Islamabad, Sep 14: Pakistan’s increasing frequency of internet shutdowns is taking a significant toll on the nation’s economy, particularly affecting businesses that transitioned to online operations during the COVID-19 pandemic. The latest report from the Overseas Investors Chamber of Commerce and Industry (OICCI) puts these losses into perspective. These disruptions have serious economic repercussions; Internet Shutdowns alone cause a direct loss to the nation’s GDP of 0.57%, or Rs 1.3 billion. Including indirect losses raises the estimated overall economic impact to Rs. 1.7 billion (expected for 2023). Internet access is essential for upgrading public services through digital public infrastructure (DPI)…
