Islamabad, Sep 10: The Federal Board of Revenue (FBR) is currently debating a new proposal from merchants to levy advance taxes based on the type of market businesses. The dealers desired annual tax payments. Traders must, however, pay advance taxes on a quarterly basis; the first installment for the July–September (2024–25) period is due in October 2024. Tax collection according to categories would be simpler than the labor-intensive door-to-door market survey. They continued, “As a result, one of the proposals is to collect tax based on businesses in the market.” Naeem Mir, the chief coordinator of the Tajir Dost Scheme,…
Author: Mawadat Fatima
Islamabad, Sep 9: On Monday, the Ministry of Education revealed that 26.2 million children in Pakistan are not able to attend school at the moment. The numbers, which were given to the National Assembly, highlight the serious educational situation the country is currently experiencing. The research indicates that 17.74 million youngsters between the ages of five and nine are not attending school. There are 5.81 million girls and 4.97 million boys in this group. The difference draws attention to a concerning discrepancy in early childhood education access. 4.93 million youngsters in the 10–12 age range are not receiving a middle…
Islamabad, Sep 9: According to meteorological forecasts, today’s weather throughout much of the nation, including Islamabad, the capital city, and its environs, is expected to be hot and dry. It’s also anticipated that Balochistan, Sindh, and Punjab will see hot, dry weather. However, with light rain predicted in these places, the northern parts of the nation—Chitral, Dir, Swat, Kohistan, Lakki Marwat, and Dera Ismail Khan—may experience some relief. It’s expected to be partly cloudy in Kashmir and Gilgit-Baltistan, with a chance of light rain. The weather in Karachi has been a combination of sun and clouds, with occasional breaks from…
Islamabad, Sep 9: On Monday revealed that China’s passenger car sales decreased in August for the fifth consecutive month, despite a rise in sales of plug-in hybrid and all-electric models thanks to incentives for drivers to swap in their more polluting cars. According to figures from the China Passenger Car Association, sales decreased 1.1% to 1.92 million vehicles from the same month last year. In contrast, there was a 3.1% decrease in July. However, sales of new energy vehicles (NEVs) increased 43.2% to make up a record 53.5% of all automobile sales. This was due to record-breaking sales from local…
Islamabad, Sep 9: Oppo is getting ready to introduce its two flagship phones, the Find X8 and X8 Pro, in October, hoping to create a stir in the Chinese smartphone scene. MediaTek’s most recent chipset, the Dimensity 9400, is anticipated to be included in these high-end devices and should deliver flagship-level performance. Reputable tipster Digital Chat Station has revealed important information regarding the Find X8 on Weibo, giving users an idea of what to expect. According to earlier rumors, the Find X8 is expected to be smaller than the Pro. The Pro model is supposed to have a quad-camera system…
Islamabad, Sep 9: Young orphan students can now receive free motorcycles thanks to a government initiative. This project is a part of a bigger program that Secretary of Transportation Ahmad Javed Qazi is leading, which provides interest-free motorcycle provisioning for students. Qazi chaired a committee meeting recently wherein the advancement of the motorcycle distribution scheme was examined and methods to expedite the delivery procedure were deliberated. The Chief Minister’s statement has formally kicked off the free motorcycle distribution program for orphaned students. Eleven colleges have set up separate booths to provide optimal convenience and expedite the process. These booths are…
Islamabad, Sep 9: A two-day winning run against the US dollar (USD), the Pakistani rupee (PKR) opened trading at 278 in the interbank market today. It closed in red versus the US dollar, remaining bearish throughout the day. During today’s session, it recorded gains against the majority of the other major currencies. The interbank rate closed at 278/$, where it had spent the majority of the day. Today’s open market rates were firmly between 278 and 279 at various currency counters. The PKR lost 13 paisas versus the US dollar today, depreciating by 0.05 percent to close at 278.7. Thus…
Islamabad, Sep 9: Millat Tractors Limited (PSX: MTL) Monday announced financial results for the year ended June 30, 2024 (FY24) where it reported profit after tax (PAT) of Rs. 9.916 billion (EPS of Rs. 51.70), up 194 percent over PAT of Rs. 3.378 billion (EPS of Rs. 17.61) reported in FY23. The company’s PAT for 4QFY24 was Rs. 2.057 billion (EPS of Rs. 10.72), which is a 64% increase over the PAT for 4QFY23 of Rs. 1.251 billion (EPS of Rs. 6.52) billion. According to a result review by Arif Habib Limited (AHL), the topline for FY24 increased by 107%…
Islamabad, Sep 9: Attock Cement Pakistan Limited (ACPL) has received a payment of US$ 5.85 million (Rs. 11.83/share) for the sale of its remaining 4.5 million shares in its subsidiary, Saqr Al Keetan for Cement Production Company Limited (SAKCPCL), as per a notice shared on PSX today. The transfer of these shares is currently being started by Attock Cement (ACPL) which previously owned 60% parts in SAKCPCL, JS GLobal. It was agreed that the US$ 23.4 million total sale consideration would be paid in three installments, with this payment representing the last installment. While the second tranche was received in…
Islamabad, Sep 9: Fast bowler Khurram Shahzad will be fit for the Test matches against England in October, having escaped a potentially major physical setback. Shahzad, 24, was hurt for the majority of the last day of the pivotal match in Rawalpindi, but he was still an important player in the current Test series against Bangladesh. Shahzad’s crucial contribution to the series was underscored by Bangladesh’s six-wicket victory, which not only sealed a 2-0 series win but also saw him collect a six-for in this opening innings. Khurram Shahzad, who had a career-best 6 for 90, had been crucial in…
