As per details, the FBR headquarters has issued a letter to the Chief Commissioner of the Corporate Regional Tax Office, mentioning concerns over the slow pace of revenue collection. The letter mentioned the need to enhance efforts to achieve targets, particularly in the first quarter of the financial year. The FBR has also directed the […]
According to the statistics, exports increased by 620 million to reach 5.1 billion dollars in August. Due to the export increase, the country’s trade deficit has narrowed to 3.6 billion dollars from 3.751 billion dollars at the beginning of the current fiscal year. Meanwhile, imports of high-duty items such as vehicles, home appliances, and other […]
As per detail, the report revealed that the Sindh Solid Waste Management Board made unauthorized utility allowance payments, with the administration spending Rs. 4.8 million on utility allowances. Similarly, the SBCA administration made unauthorized payments of Rs. 17.4 million. The audit report highlighted that these unauthorized payments are a clear violation of financial regulations and […]
With an estimated cost of Rs 70 billion, this initiative promises to revolutionize intra-city travel for Faisalabad’s growing population. The Metro Bus Service will cover three primary routes; Kamalpur Interchange to Samundri Road; Narwala Ada to Satiana Road; Jhang Road to Jaranwala Road Red Crescent Chowk will serve as the central hub, connecting all routes. […]
According to the proposed amendment, the govt employees recruited after July 2024 will not be eligible for the provision of monthly pension after retirement. The proposed amendment further stated that the employee and the provincial govt will contribute to the Sindh Employee Benefit Scheme and after retirement, the employees will get the Golden Cheque Gratuity. […]
According to data shared by the central bank, Pakistan’s total foreign exchange reserves stood at US$ 14—82 billion as of September 13. Meanwhile, the country’s net foreign reserves held by commercial banks stood at US$5.31 billion. “During the week ended on 13-Sep-2024, SBP reserves increased by US$ 43 million to US$ 9,509.6 million,” the statement […]
This was stated by Russian Deputy Minister of Industry and Trade Aleksei Gruzdev who called on Minister for Industries, Production, and National Food Security Rana Tanveer Hussain in Islamabad today. During the meeting, they emphasized on balance of trade between the two countries. Speaking on the occasion, Rana Tanveer stressed the need for modern agricultural […]
Brent crude futures for November rose 8 cents to $73.73 a barrel by 0015 GMT, while WTI crude futures for October declined 3 cents to $70.88 a barrel. The U.S. central bank cut interest rates by half a percentage point on Wednesday. Interest rate cuts typically boost economic activity and energy demand, but the market […]
“This is a 29 percent increase compared to the previous year, maintaining strong growth following an estimated 87 percent surge in 2023,” the report said. “Yet again, solar power is growing faster than people expected, as it establishes itself as the cheapest source of electricity globally,” said Euan Graham, electricity data analyst at Ember. Ember […]
GSK does not admit to any liability in either settlement, it said in a statement. The drugmaker has settled several lawsuits related to Zantac over the past 12 months, including several in California. California is generally seen as a more challenging legal environment for multinational companies as courts are known to be friendlier to plaintiffs. […]
