Islamabad, Sep 3: A public alert has been released by the Securities and Exchange Commission of Pakistan (SECP) about the rise in fake social media and WhatsApp groups that pose as investment education programs. To trick the public, these outfits pose as respected international financial institutions or well-known local and international business figures. In exchange for membership dues, the operators/handlers of these clubs promise members unique access to investment instruction and insider recommendations. The SECP alerts the public to the fact that these actions are deceptive and intended to steal from innocent individuals. The SECP strongly advises the public to…
Author: Mawadat Fatima
Islamabad, Sep 3: Pakistanis living in the UAE are urged to benefit from the government’s amnesty program, which allows them to legitimize their status. Pakistani embassies in the United Arab Emirates declared their complete backing for this endeavor, hoping to see as many individuals as possible take use of it. Amnesty is being offered by the UAE government from September 1 to October 31, 2024. In response, Pakistani nationals in the UAE are receiving all the support they need from the Pakistani Embassy in Abu Dhabi and the Pakistani Consulate General in Dubai to make sure they can fully take…
Islamabad, Sep 3: The Ministry of Information Technology (IT) has received a new letter from the Pakistan Telecommunication Authority (PTA) about the renewal of licenses for Long Distance and International (LDI) businesses and the collection of unpaid fees. PTA has asked for a policy directive to modify dues from businesses’ escrow accounts in its correspondence. Three LDI companies have already had changes made from their escrow accounts, according to the PTA’s letter. Furthermore mentioned in the letter is the verbal agreement of certain corporations to modify their dues from these accounts. Nonetheless, the PTA stressed that in order to move…
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…
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…
