A criminal case has been started under Sections 37A and 37B of the Sales Tax Act, 1990. The case is about tax fraud and using fake sales tax invoices to wrongly claim refunds. Javed Balwani, the President of the Karachi Chamber of Commerce and Industry (KCCI), criticized the Federal Board of Revenue (FBR). He said […]
On Thursday in Islamabad, Prime Minister Shehbaz Sharif led a meeting about making Pakistan a cashless and digital economy. He said it’s very important now to make payments easier for people and businesses. He also said more people need to learn about using digital systems. Shehbaz Sharif Wants to Make Pakistan More Digital He told […]
As of 10:00 a.m. local time, Forex.PK reported that 10 grams of 24-karat gold cost SAR 4,024, and one ounce of gold was priced at SAR 12,527. This price increase is because of growing worries around the world about the economy and political tensions. Experts say gold is going up in value because people see […]
Why the Saudi Riyal Matters for Pakistan The Saudi Riyal (SAR) is a very stable currency because it is directly linked (or “pegged”) to the US dollar. This means its value doesn’t change much, which makes it a safe and trusted currency for international trade and money transfers. This stability is very important for millions […]
“China has always advocated that all parties resolve economic and trade differences through equal dialogue and consultation,” foreign ministry spokeswoman Mao Ning said. “At the same time, relevant negotiations and agreements should not target or harm the interests of third parties,” she said. The deal announced on Wednesday is the first full pact Trump has […]
On 20 June, two Voyager planes were damaged with red paint, causing about £7 million in damage. Four people between the ages of 22 and 35 have been charged and will appear in Westminster Magistrates’ Court today. Police from Counter Terrorism Policing South East said they are being charged with: Planning to cause criminal damage […]
Tesla Needs Strong Sales to Avoid Another Bad Year Tesla has to sell over one million cars in the second half of this year to avoid another yearly sales drop. But some experts think that might be hard because of economic problems caused by new tariffs and the possibility that tax credits for electric cars […]
Jaishankar Rejects Trump’s Claim About India-Pakistan Peace Talks India’s Foreign Minister S. Jaishankar is visiting the United States for three days to attend the Quad Foreign Ministers’ meeting. While there, he gave an interview to Newsweek. After the interview, someone asked him if former U.S. President Donald Trump helped reduce tensions between India and Pakistan […]
Former U.S. President Donald Trump recently said that he made a trade deal with Vietnam. As part of the deal, the U.S. will lower taxes (tariffs) on many Vietnamese goods to 20%. Before this, Trump had threatened a higher tax of 46%. In return, he said American products could enter Vietnam without any tax, but […]
Trump’s Big Bill Faces Trouble in the House Former President Donald Trump is trying to get his major bill finally approved in the House of Representatives. The Senate already passed it, but many Republicans in the House are now against it. They are worried it will increase the national debt and hurt social programs. The […]
