According to the Auditor General of Pakistan’s audit report for 2023-24, eight power companies have incurred losses exceeding the stipulated limit, resulting in a massive loss of national kitty. The report highlights that the power companies’ losses exceeded the limit set by NEPRA, ranging from 8.84% to 20.16%. PESCO topped the list, causing a loss […]
According to details, PIA has issued a report regarding aircraft hit by birds in 2024 so far. According to the report, 38 bird-hit incidents were reported from January to June. The incidents were reported in Islamabad, Multan, Faisalabad, Gilgit, Sukkur, Jeddah and Dubai. The report added five out of the 38 PIA planes were damaged […]
In March, FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing $8 billion from customers. “The order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement, which will be used to further compensate victims for losses suffered as a result of the massive fraudulent scheme orchestrated by […]
Sales of so-called new energy vehicles (NEVs) jumped 37% last month from the same period a year earlier, accounting for a record 50.7% of car sales, data from the China Passenger Car Association (CPCA) showed. NEV sales accounted for just 7% of total vehicle sales in China three years ago, but its heavy investments in […]
According to sources, the IMF has insisted on maintaining the 10% sales tax on stationery items, leading to a significant increase in prices, despite efforts by the government. Sources said that the tax increase has resulted in a 15% rise in the prices of stationery items, affecting students, businesses, and the general public. The tax […]
The supply was halted in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The sale of sugar at Utility Stores in Islamabad has resumed, the sources privy to the development said, and added, that supply will resume to USC across the country in a day or […]
According to the PIA spokesperson, the 14 percent discount will be applicable on bookings made between August 1 and August 14 this year. The PIA spokesperson confirmed that the travel period for flights from Toronto to Pakistan must be between August 15 and November 14 to avail of this discount. It is worth noting that […]
This move aims to streamline taxation and generate additional revenue from outbound labor migration. According to a notification issued by the Federal Board of Revenue (FBR), under clause (b) of serial number 3 of the first schedule of the Federal Excise Act, 2005, a fixed tax of Rs 5,000 will be levied on air tickets […]
The Ministry of Human Resources and Social Development of Saudi Arabia announced that changes involve revising 38 articles, deleting seven, and adding two new articles to the Labor Law. These amendments align with the Saudi employment market strategy and international agreements ratified by the Kingdom. The new regulations will take effect 180 days after their […]
Monal Restaurant remains one of the most popular dining spots in Islamabad, known for its stunning views and diverse menu. A recent post shared on Monal’s social site confirmed its closure next month. “It’s time to say Goodbye. As per Honorable SCP directions, we are closing on 11/09/2024,” the post said. Maybe an image of […]
