Islamabad, Sep 3: Two more officers have been suspended by the Federal Board of Revenue in relation to the issuing of unauthorized reimbursements. According to the notification, FBR suspended BS 18 officer Shiraza Hemeed and made BS 19 officer Saeeda Islam OSD in response to the Directorate General Intelligence and Investigation’s (Inland Revenue) complaint on the issuing of unauthorized refunds. Inland Revenue Service officer Saeeda Islam, BS-19, is now assigned to the position of Commissioner-IR (OPS) (Refunds). With immediate effect and until further orders, the Regional Tax Office, Lahore (previously the Additional Commissioner-IR, Large Taxpayers Office, Lahore) is now made…
Author: Mawadat Fatima
The hockey team from Pakistan is presently touring China, but before to the Asian Hockey Champions Trophy, they have experienced a number of setbacks that have made their situation more difficult. In addition to losing a number of important senior players, the national hockey team also lost their foreign coach, Roelant Oltmans. Islamabad, Sep 3: According to rumors on Monday, the Dutch coach, who has played a significant role in the team’s strategy and development, has chosen to leave his position. Oltmans’ exit occurs at a pivotal moment when the team is in dire need of tactical direction and seasoned…
Islamabad, Sep 3: In order to determine the monthly advance tax that will be collected from stores and retail outlets, the Federal Board of Revenue (FBR) and the traders’ community will work together to analyze the value tables of commercial assets. At the FBR House here on Monday, a delegation from All Pakistan Anjuman-i-Tajran, led by its President Ajmal Baloch, met with the FBR Chairman and his group of tax managers. Following the meeting, Ajmal Baloch told the press that the association has expressed its apprehensions on the valuation tables and their effects on retailers around the nation. In order…
Islamabad, Sep 3: Fuel prices, poverty, and inflation are just a few of the five significant and enduring economic difficulties that Pakistan continues to face, according to the Finance Ministry. The Ministry of Finance stated that the $1.5 billion Building Resilience with Active Country-cyclical Expenditures (BRACE) program has resulted in a significant overall impact on Pakistan’s economy, primarily because of high fuel prices, in its fifth quarterly performance report to the Asian Development Bank (ADB), which was released on Monday. Fuel prices can impact economic activity in a variety of areas and have comparatively large multiplier effects. In addition to…
Islamabad, Sep 2: According to the All-Sindh Sarafa Jewelers Association, the price of 24 carat gold per tola was transacted at Rs. 262,500 on Monday with no change in value. Ten grams of 24 carat and ten grams of 22 carat gold cost the same, respectively, Rs. 225,051 and Rs. 206,297. At Rs. 2,950 per tola and Rs. 2,529.14 per gram, respectively, the price of silver did not change. According to the Association, the price of gold stayed unchanged at $2,503 on the global market. Despite a decline in the global market, gold prices increased in Pakistan on Saturday. The…
Islamabad, Sep 2: All driving license services throughout Punjab, including Lahore, have been suspended due to a serious problem that has arisen with the Driving License Issuance Management System. International driving permits, renewals, new licenses, and learner’s permits have all been impacted by the problem. According to CTO Ammara Athar, the Punjab Information Technology Board (PITB) team is actively working on resolving the technical difficulties that are causing the problem. Processing of driver’s licenses has been completely stopped while the system receives the necessary updates and improvements. Due to this disturbance, people who want to apply for a new or…
Islamabad, Sep 2: The Pak-Kuwait Investment Company (PKIC) leadership met with Federal Minister of Finance and Revenue Muhammad Aurangzeb to talk about the joint venture’s strategic goals and future plans in Pakistan. The Pak-Kuwait Investment Company has been lauded by the finance minister for its strategic contributions to Pakistan’s economy, particularly in areas that are essential to the country’s long-term development. The minister praised PKIC in particular for taking a proactive stance in incorporating Islamic financing into its operations, pointing out that this strategy is consistent with Pakistan’s development ambitions as well as the more general objectives of moral and…
Islamabad, Sep 2: The Scheme of Arrangement for the merger by amalgamation of Liven Pharmaceuticals (Pvt.) Limited (LPL) with and into Landmark Spinning Industries Limited (PSX: LMSM) has been approved by the Sindh High Court by an order dated September 02, 2024. Following the approval of the Scheme of Arrangement, all of LPL’s rights, responsibilities, and assets have been combined, transferred, and are now owned by the Company. Following completion of the necessary legal and regulatory procedures, Landmark Spinning Industries Limited’s name will be changed to Liven Pharma Limited as a result of the merger, along with the primary business…
Islamabad, Sep 2: The Punjab Food Authority (PFA) fined the providers a total of Rs 33,000 and disposed of about 1,550 litres of tainted milk. 46 milk-carrying cars were examined by food safety teams at various checkpoints, according to a statement from an official spokesperson on Monday. Six of these vehicles’ milk samples were examined immediately upon receipt and were discovered to be tainted. The group threw out the tampered milk and assessed penalties appropriately. Asim Javed, Director General of PFA, stated that hotels and milk outlets all around the city were receiving the tainted milk. Furthermore, inspections in Khanewal…
Islamabad, Sep 2: In Islamabad, the federal government plans to plant between four and five million trees. This project, which is a component of the Carbon Credit Program, would span between 2,000 and 10,000 kanals, according to Romina Khurshid Alam, the Prime Minister’s Coordinator for Climate Change and Environmental Coordination. Romina emphasized that the Margalla Hills National Park will dedicate 1.5 percent of its revenue from recreational areas to the preservation and protection of its natural resources. The government’s commitment to protecting the ecological integrity of this important area is demonstrated by this financial contribution. While applauding the Islamabad administration’s…
