Islamabad, Apr 6, 2025: The Federal Board of Revenue (FBR) has recorded an unprecedented tax collection of Rs. 242 billion from profit on debt during the first eight months of the fiscal year 2024-25. This levy applies to the interest income earned by depositors through bank accounts, taxed at a 15% rate under the current financial plan. Among all withholding tax segments, profit on debt remains the second-largest revenue contributor, following closely behind advance income tax. So far, FBR has amassed Rs. 976 billion through advance income tax, solidifying its status as the top revenue source under the withholding tax…
Author: Mawadat Fatima
Islamabad, Apr 6, 2025: The UAE Ministry of Finance has unveiled new tax regulations offering corporate tax exemptions to Qualifying Investment Funds (QIFs) and select limited partnerships. According to the revised guidelines, income generated by QIFs will be free from UAE Corporate Tax if specific conditions are fulfilled, including a limit of 10 percent on real estate holdings and adherence to ownership diversity rules. The regulations offer QIFs a grace period to correct any ownership diversity violations within the initial two-year qualification period. However, these violations must not exceed a cumulative 90 days annually and cannot occur during liquidation. Read…
Islamabad, Apr 6, 2025: WhatsApp is introducing a new privacy enhancement in its latest update for Android users, aimed at giving individuals more control over how their media is shared in chats. This advanced feature will allow users to prevent automatic saving of media files — including photos, videos, voice messages, and documents — on their devices. As a result, if someone sends media to a recipient who has this feature activated, those files won’t automatically be saved to their device’s gallery. This update is similar to the already available disappearing messages feature, further indicating WhatsApp’s efforts to enhance user…
Islamabad, Apr 6, 2025: Pakistan Railways has revealed plans to restart the Khushhal Khan Khattak Express by the end of this month. Railway officials shared that the service, once a profitable route on the Main Line-II, had been halted in 2020 due to the COVID-19 pandemic. This decision follows the earlier reinstatement of the Shah Hussain Express, which operates between Karachi Cantt and Lahore, making stops in cities like Hyderabad, Rohri, Bahawalpur, Lodhran, Khanewal, and Faisalabad. Read More: Pakistan Railways Releases Special Ramadan Timings Railways is also working on launching a new high-speed express train between Lahore and Karachi, modeled…
Islamabad, Apr 6, 2025: Ghani Global Glass Limited (PSX: GGGL) was established in Pakistan as a private limited company in 2007, originally named Ghani Tableware (Private) Limited. The company’s core operations involve producing and selling a variety of glassware, including tubes, vials, ampoules, and chemicals. Shareholding Structure As of June 30, 2024, GGGL has 240 million shares outstanding, held by 6,227 shareholders. Its parent company, Ghani Global Holdings Limited, holds 50.1% of the shares, while individual shareholders own 47.1%. Joint stock companies account for 1.98%, with the remaining shares held by other categories of investors. Financial Overview (2019-2024) GGGL has…
Islamabad, Apr 6, 2025: Lucky Core Industries Limited (LCI), originally established as Khewra Soda Ash Company in 1953, underwent several transformations before its current iteration. In 1966, following the acquisition of Fuller Paints Limited, it rebranded to ICI Pakistan Manufacturers Limited. The company later merged with Imperial Chemicals (Private) Limited. In 2012, Lucky Holdings Limited, a subsidiary of Lucky Cement, became the dominant shareholder, leading to a rebrand to Lucky Core Industries Limited in December 2022. Throughout the years, LCI has expanded its portfolio by acquiring companies such as Cirin Pharmaceuticals, Wyeth Pakistan, and Pfizer Pakistan. LCI now operates across…
Islamabad, Apr 6, 2025: Karachi residents will continue to endure the intense heat as the Pakistan Meteorological Department (PMD) has predicted temperatures in the city could climb to 39°C today (Sunday). The Met Office reports that sea breezes are expected to be absent throughout the day, resulting in harsh sunlight and dry, sweltering winds sweeping across Karachi. However, the situation is expected to improve by the evening with the return of sea breezes, offering some relief from the heat. However, At night, the lowest recorded temperature in Karachi was 25.7°C, with the current humidity level at 64%, as per the…
Islamabad, Apr 6, 2025: In the first quarter of 2025, Pakistani startups managed to secure just $196,000 in disclosed investments, spread across a single public deal, as per the latest insights from Invest2Innovate. While three companies—Chrio, BusCaro, and Qist Bazaar—were involved in signed funding agreements, only the deal with Qist Bazaar was publicly revealed. Bank Alfalah Limited contributed Rs. 55 million (approximately $196,000) to Qist Bazaar as part of a broader Series A round. The overall investment landscape remained subdued during the early months of 2025. This cautious environment was primarily driven by the country’s struggle to obtain the IMF’s…
Islamabad, Apr 6, 2025: The U.S. State Department has confirmed that Senior Bureau Official (SBO) for the Bureau of South and Central Asian Affairs, Eric Meyer, will lead an interagency delegation to Islamabad from April 8 to 10, 2025. The visit aims to strengthen bilateral ties and explore investment opportunities in Pakistan’s growing critical minerals sector. Meyer’s delegation will represent multiple U.S. government agencies and participate in the Pakistan Minerals Investment Forum, where discussions are expected to focus on sustainable mining practices, technology collaboration, and enhanced U.S.-Pakistan economic cooperation. Read More: Pakistan Cement Maker Installs 4.8MW Wind Power Plant The…
Islamabad, Apr 5, 2025: Many content creators aim to monetize their YouTube channels, whether they’re just starting out or looking to take their platform to the next level. Learning how to generate income from YouTube is essential. This guide will outline the process in a straightforward and understandable manner, offering clear steps to help you start earning money and increasing traffic to your channel. 1. Fulfill YouTube’s Monetization Criteria To begin monetizing your YouTube channel, you must first meet certain requirements: 1,000 Subscribers: Ensure your channel has a minimum of 1,000 subscribers. 4,000 Watch Hours: Your videos should accumulate 4,000…
