The Sindh High Court directed the provincial government and authorities in Karachi to explain under what law they were charging citizens for parking. A division bench headed by Justice Muhammad Iqbal Kalhoro has directed the provincial government, Karachi Metropolitan Corporation’s (KMC) director charged parking, District Municipal Corporation (DMC), commissioner Karachi, DIG Traffic and others to … Read more
KARACHI: The Karachi Tax Bar Association (KTBA) on Wednesday asked the tax authorities that extension in the returns filing date will not yield results until the return forms are free from technical errors. In a letter sent to Dr Muhammad Ashfaq Ahmed, chairman of the Federal Board of Revenue (FBR), the KTBA highlighted computational errors … Read more
WASHINGTON: The current inflation spike hitting countries across the world will peak in the months to come and stabilise by the middle of next year, the IMF predicted on Wednesday. “Headline inflation is projected to peak in the final months of 2021, with inflation expected back to pre-pandemic levels by mid-2022 for both advanced economies … Read more
KARACHI: A team of tax officials from the Large Tax Office (LTO) Karachi visited the Pakistan Business Council (PBC) on Wednesday to discuss the integration of Tier-1 retailers, a statement said. The purpose of the visit was to listen and redress the grievances regarding online integration of Tier-1 retailers/Point of Sale (POS) with the Federal … Read more
KARACHI: The Pakistan Stock Exchange (PSX) announced the inauguration of its regional office in Khyber-Pakhtunkhwa by holding a gong ceremony at the PSX Trading Hall in Karachi, a statement said on Wednesday. This is a significant development for the capital market of Pakistan; whereby, the PSX will now be in a position to specially focus on … Read more
KARACHI: A series of depreciation in the rupee value continued, as the local unit fell to a fresh low of Rs170.96 against the dollar on Wednesday. The exchange rate ended at Rs170.96 against the greenback from the previous day’s closing of Rs170.80 in the interbank foreign exchange market. The local currency witnessed a series of … Read more
KARACHI: A meeting held here of the Sindh local government department has decided to make serious efforts for the resettlement of residents displaced by the Gujjar Nullah anti-encroachment drive, a press release issued on Wednesday says. Sindh Secretary Local Government Najam Ahmad Shah said that serious steps should be taken for the resettlement and accommodation … Read more
The cabinet division has started circulating the ordinance seeking amendments in the National Accountability Bureau’s (NAB) laws amongst the cabinet members, sources told Bol News on Wednesday. Officials, privy to the matter, said that the cabinet members would approve the ordinance by today. Once the approval has been given, the ordinance will be sent to President … Read more
KARACHI: Three men accused of gang raping a young woman inside the premises Quaid’s Mausoleum were acquitted by sessions court in Karachi on Tuesday. The then assistant manager security of the mausoleum, an accountant and a personal assistant to the resident engineer of the Quaid-i-Azam Mazar Management Board were accused of sexually assaulting a young … Read more
WASHINGTON: The US trade deficit rose in August with imports overwhelming exports, as the US economy bounces back from last year’s pandemic shock, government data said on Tuesday. The Commerce Department reported the trade deficit climbed to $73.3 billion from the upwardly revised $70.3 billion a month ago, more than analysts had expected and 4.2 … Read more
LAHORE: Tahir Basharat Cheema, former managing director of the Pakistan Electric Power Company (Pepco), has joined the All Pakistan Textile Mills Association (Aptma) as energy adviser. Cheema is a qualified engineer and also possesses a Master’s degree in Business Administration. He has worked on various positions in the Water and Power Development Authority (Wapda), besides … Read more
KARACHI: The Pakistan stocks witnessed selling pressure and closed below the psychological barrier of 45,000 points, owing to the higher international oil prices, as Opec remains reluctant to increase supply, which will further pressurise the economic activities, dealers said on Tuesday. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower on global … Read more
Planning Minister Asad Umar announced on Tuesday that the federal cabinet has given a green light for carrying out a fresh census in the country using “modern technology”. “Cabinet gave the approval for holding the census using modern digital technology and consistent with global best practices,” tweeted Umar after attending the cabinet meeting in the … Read more
KARACHI: The exchange rate ended unchanged on Tuesday at the record low against the dollar. The exchange rate ended Rs170.80 against the dollar, the same previous day’s closing in the interbank foreign exchange market. The rupee has lost Rs13.26, or 8.42 per cent, against the dollar since the closing on June 30, 2021 till reaching … Read more
KABUL: Girls have returned to some secondary schools in a northern province of Afghanistan, Taliban officials and teachers said on Tuesday, but they remain barred from classrooms in much of the country. Dozens of girls in black, some wearing white head scarves and others with black face veils, sat in chairs waving Taliban flags, in … Read more
