ISLAMABAD, AUGUST 4: The Sales Tax on tractors increased by 14% from 10% according to governmental plans. Tractor sales tax exemption was eliminated and replaced with a 10% levy in the 2024–25 budget. In a recent meeting, the Federal Board of Revenue completed a proposal in which Sales Tax on tractors increased by 14%. Cabinet consent is required before the tax increase becomes operative. The summary has been given to the Cabinet for assessment by the Finance Ministry. According to authorities, the tractor business experiences refunds since 10% of the input is not fully consumed at an 18% ordinary sales…
Author: Mawadat Fatima
ISLAMABAD, AUGUST 4: After more than 30 years in Karachi, a new industrial zone would be developed in the Surjani region, according to Syed Shujaat Hussain, Director General of the Karachi Development Authority (KDA). He stated that the industrial zones would house new industrial units in cutting-edge structures, providing vital infrastructure and utilities to industries to cater to Small and Medium Enterprises (SMEs). He was speaking as the chief guest at the Federal B Area Association of Trade and Industries (FBATI). The Surjani industrial zone is the name of the proposed industrial area, which will create jobs and economic activity…
ISLAMABAD, AUGUST 4: The Chitral River was at high level while massive floodwater currents obstructed the Yarkhun River for many hours until it retreated. CHITRAL/MANSEHRA: In Upper and Lower Chitral, the glacial lake outburst floods, or “Glofs,” caused flash floods on Saturday that destroyed several homes, bridges, roads, crops, and fruit orchards. Half a dozen bridges were destroyed by the floods, and Booni, the Upper Chitral headquarters, lost its two settlements. The Yarkhun River was obstructed by the strong floodwater currents for several hours until it eventually retreated and the Chitral River reached its highest point. In Upper Chitral’s Harchin…
ISLAMABAD, AUGUST 4: According to PTA, no such action has been done and all forms of blocking are only carried out on government orders. As explained by the Pakistan Telecommunication Authority (PTA), whitelisting VPNs is a “automated process” that ensures the seamless and safe operation of internet enterprises and IT services. The explanation was provided two days after PTA Chairman Hafeezur Rehman connected government orders to the easing of a ban on X, formerly known as Twitter. He also affirmed that the PTA was whitelisting VPNs, meaning that only particular proxy networks will be accessible in Pakistan after that, during…
ISLAMBAD, AUGUST 4: KFUM-Kam in Norway in the Norway Cup 2024 Final, Oslo Bla barely beat the U15 squad of Better Future Pakistan in a penalty shootout. The game resulted in a 2-2 tie after sixty minutes of play, with goals from Salman and Shahbaz Ali for the Pakistan Under-15 team. After that, the match proceeded to penalties, when Pakistan lost a critical opportunity, allowing KFUM-Kam Oslo Bla to prevail and take home the trophy. Better Future Pakistan showed remarkable abilities throughout the tournament, scoring 35 goals and giving up just four in nine games, despite the defeat. The U17…
ISLAMABAD, AUGUST 4: In July 2024, the cement dispatches had a dip for the eleventh consecutive month, falling by 6.81 percent. The All-Pakistan Cement Manufacturers Association issued figures showing that, in July 2024, there were 3.010 million tons of cement shipped overall, compared to 3.230 million tons during the same month in the previous fiscal year. The industry’s local cement dispatches in July 2024 were 2.463 million tons, down 11.41 percent from 2.780 million tons in July 2023. Export quantities surged from 449,792 tons in July 2023 to 547,162 tons in July 2024, resulting in a 21.65% rise in despatches.…
ISLAMBAD, AUGUST 4: High-level sources told Bloom Pakistan that the federal government has been presented with a massive relief plan that calls for a lump sum payment of Rs. 4 trillion to be made to Independent Power Producers (IPPs) in exchange for a reduction of Rs. 5 per unit in electricity bills for all categories of consumers. In order to reduce the cost of power by at least Rs. 5 per unit, the Ministries of Finance and Energy have suggested to the government that capacity payments that are due in the next three to five years be combined and paid…
Islamabad Being the most beautiful capital in the world, Pakistan is well-known not just for its natural beauty but also for its excellent standards of living, tranquil surroundings, modernism, and rich history. Islamabad has a lot to offer both visitors and city dwellers in terms of attractions, thanks to these and many more attributes. The city is also a great place to begin any planned trip that involves exploring regions farther north, such Gilgit Baltistan and Azad Kashmir, or even a bit south, like the Murree Hills. Compared to the historic settlements of Lahore and Karachi, Islamabad is a relatively…
Arshad Nadeem, a name that in Pakistan has come to mean javelin throwing, is aiming for greatness at the Paris Olympics. Because of his incredible abilities and constant commitment, this gifted athlete has captivated sports fans not just in Pakistan but all across the world. Nadeem’s search for gold is causing a great deal of excitement and optimism as the Paris 2024 Olympics get near. He believes he is fit and fully prepared to win a gold medal for Pakistan. In his opening throw, Nadeem reached 74.11 meters and showed steady improvement. His second throw hit 80.28 meters, followed by…
ISLAMABAD, AUGUST 3: The Islamabad Wildlife Management Board (IWMB) will now be administered by the Ministry of Interior rather than the Ministry of Climate Change and Environment, according to approval from Prime Minister Shehbaz Sharif. The 1973 Rules of Business, Rule 3(3), guided this conclusion. The Ministry of Interior has taken over all of the assets and equipment of the Islamabad Wildlife Management Board. Shehbaz Sharif, the prime minister, has ordered that the transfer be completed in a month. The Capital Development Authority (CDA) and the IWMB became embroiled in a dispute earlier this year when the municipal body locked…
