ISLAMABAD, AUGUST 14: The per tola price of 24 karat gold on Tuesday recorded an increase of Rs1,200 and was traded at Rs257,700 in the local market. The price of 10 grams of 24 karat also increased by Rs1,029 and sold at Rs.220,936, whereas the price of 22 karat gold was registered at Rs202,525, All Sindh Sarafa Jewellers Association reported. The price of per tola and ten gram silver remained unchanged at Rs.2,850 and Rs.2,443.41 respectively. Prices of gold in the international market increased by $19 to $2,458 as compared to the previous day rates of $2,439, the Association reported.
Author: Mawadat Fatima
ISLAMABAD, AUGUST 14: The Federal Board of Revenue (FBR) has been requested by the Collector, Collectorate of Customs Gilgit Baltistan, to enhance enforcement efforts in order to prevent the theft of untaxed imported products into regions outside of GB. In a letter to Member Customs Operations and Member Inland Revenue Service, the collector, Collectorate of Customs GB, requested that a “restraining Order on Collection of Sales Tax and Income Tax at Import Stage Issued by Chief Court Gilgit-Baltistan in Writ Petition No. 201/2024” be put into effect on August 9, 2024. The FBR’s upper management was tasked by the customs…
ISLAMABAD, AUGUST 14: Today, Pakistan is celebrating its 77th Independence Day with much enthusiasm and pride in the country. People came out at midnight to celebrate August 14 with fireworks, and streets around the nation were crowded with revelers. Great fireworks lit up the night sky in major cities including Karachi, Lahore, and Peshawar, signifying the happiness and togetherness of the country. The green crescent flag and multicolored lights were used to adorn both public and private structures, including houses and workplaces, to symbolize Pakistan’s identity and goals. While crowds of people flocked to the beach in Karachi, a musical…
ISLAMABAD, AUGUST 14; With a six percent economic growth rate, the prime minister is scheduled to present the “Home-grown Economic Development Plan” on Wednesday. Professor Stefan Dercon, a British economist, and a few former Pakistani public officers are currently employed as consultants by several international organizations. According to Professor Stefan Dercon’s recommendation, the government should raise the tax-to-GDP ratio to 13.5 percent annually over the course of the next three years. The Minister of Finance should head the New Policy unit, which should be independent of FBR and closely collaborate with the Prime Minister’s Office. Furthermore, he suggested implementing a…
Sindh Government’s SPHF Programs: A Transformative Initiative for Housing and Community Development One major step towards meeting the housing needs of populations devastated by floods has been taken by the Sindh government. With the goal of rebuilding lives and offering support to those affected by the severe flooding in the region, the Sindh People’s Housing for Flood Affectees Program was launched. Background Heavy monsoon rains and river overflow have caused frequent flooding in Sindh, a province in southeast Pakistan. Numerous families have been left homeless and are in critical need of aid as a result of the significant damage that…
ISLAMABAD, AUGUST 13: China Mobile International Limited, [China Mobile Communication Corporation (CMCC)] continues to lead the telecom industry, ranking 55th on the Fortune 500 list—a notable rise of seven positions from last year. Specifically, within the telecom sector, China Mobile, which ascended to the top of the industry last year, maintains its leadership on the industry list this year. A total of 133 Chinese companies, including those from Taiwan, made the Fortune Global 500 list when it was issued. The three main Chinese telecom companies have consolidated their positions among them once more. China Mobile has taken advantage of the opportunity provided by the rapidly accelerating…
ISLAMABAD, AUGUST 13: The Karachi Metropolitan Corporation (KMC) has implemented a municipal tax on K-Electric (KE) bills. The amount of electricity that KE customers use will determine the Municipal Utility Charges and Taxes (MUCT). The following fees will be imposed on domestic consumers: 20 for 101 to 200 units 40 for 201 to 300 units 100 for 301 to 400 units 125 for 401 to 500 units 150 for 501 to 600 units 175 for 601 to 700 units 300 for usage exceeding 700 units. A consistent cost of Rs. 400 would be levied to commercial and industrial customers. The…
ISLAMABD, AUGUST 13: Syed Sardar Ali Shah, the minister of education for Sindh, declared that over 800,000 new students are expected to be admitted to the state for the current academic year. As a special guest at a Sindh Education Department event held on Monday at a posh hotel in Karachi, he stressed that headmasters will be expected to plant trees in their schools as part of their job responsibilities. According to Shah, Sindh’s goal for this year is to raise the enrollment ratio by more than 800,000, with an emphasis on community involvement to improve the efficiency of the…
ISLAMABAD, AUGUST 13: Huzaifa Shahid, a budding squash star from Pakistan, won the Japan Junior Open 2024, adding yet another accomplishment to his resume. Huzaifa beat Yuan Xi Liu of China in the final with a resounding 3-0 victory, securing the Under-13 title in an amazing show of ability and willpower. Huzaifa’s third junior title of the year, this victory emphasizes his supremacy in the U13 division. Huzaifa has had an absolutely incredible road to success. He proved his mettle on the global scene earlier this year when he won the Hong Kong Junior Squash Championship with the Under-13 division.…
ISLAMABAD, AUGUST 13: To improve its operational capacity, the Ministry of Information Technology and Telecommunication (MoITT) is actively selecting experts. The ministry is accepting applications for the role of legal consultant as part of this effort. The Performance Evaluation Committee’s permission is required for any annual extensions beyond the initial three-year term of this appointment, which could total up to two more years. MoITT states that the ministry is in charge of developing policies meant to advance Pakistan’s national ICT (information and communications technology) services and infrastructure. The ministry wants to make Pakistan a knowledge-based economy by offering dependable and…
