Federal Board of Revenue (FBR) member Internal Revenue Operations Qaiser Iqbal has said that additional tax will be levied on unregistered people doing business from home. Qaiser Iqbal held a press conference with Anjuman-e-Tajiran President Kashif Chaudhry. Addressing the press conference, Qaiser Iqbal said that the talks of small traders with the FBR have been … Read more
A consignment of 28,760 metric tonnes of imported sugar has reached Pakistan. It has been imported for utility stores. According to a spokesperson of the Trading Corporation of Pakistan (TCP), the second ship will reach Karachi carrying 28,840 metric tonnes of sugar. According to sources in the Trading Corporation of Pakistan, sugar has been purchased … Read more
Online Federal Board of Revenue (FBR) server disruptions have caused severe problems for online tax return filers. FBR officials say the portal is under pressure due to the rush of submitters. Online tax return submitters are facing difficulties due to FBR server disruption. Note that the last date for submission of tax returns is September … Read more
The Pakistan Stock Exchange (PSX) witnessed a sharp decline last week, with the 100 Index falling by more than 1,500 points. According to the details, the Pakistan Stock Exchange (PSX), 100 Index has declined by 1562 points during the last week. During September 20-24, 2021, 1.91 billion shares were traded in the stock market while … Read more
The State Bank of Pakistan (SBP) has imposed new conditions on loans taken from banks in various forms to stabilize the rupee and reduce imports. The State Bank of Pakistan announced measures to reduce imports and stabilize the value of the rupee and impose strict conditions on consumer loans. A statement issued by the State … Read more
The United Nations Women Agency has named Pakistan International Airlines (PIA) the world’s safest airline for women. The UN Women’s Agency acknowledged Pakistan International Airlines’ efforts to provide safe travel facilities to women, calling it the world’s safest airline. An agreement was reached between Pakistan International Airlines, the UN Women’s Agency, and the Federal Ombudsman … Read more
According to the election schedule of the Hyderabad Chamber of Commerce and Industry (HCCI) for the year 2021-2022, the date of submission of nomination forms for the election of office bearers is September 23, 2021. Faizan Elahi, Mohammad Arif for senior vice president, and Danish Shafiq for vice president filed nomination papers. Thus only three … Read more
Punjab Minister for Industry, Commerce & Investment Mian Aslam Iqbal appeared in a ceremony at Faisalabad Chamber of Commerce & Industry (FCCI), held in joining with ground-breaking of the Faisalabad Expo Centre. As per the minister, “Fully equipped industrial estates are being developed across the province”. He stated that in Faisalabad, M3 industrial estate and … Read more
On the import of fresh fruits from Afghanistan Federal Board of Revenue (FBR) has lifted sales tax. Reports said that FBR has not released apples from sales tax whereas grapes, pomegranates, watermelons, and other fruits can be imported devoid of paying sales tax. The tax collection body has allotted orders to applicable customs collectorates in … Read more
The Petroleum Division proposed a 35% increase in gas prices for domestic customers ahead of the winter season. According to reports, prices would be a surge for 4 months (November to February). The surge in gas prices has been planned for customers coming under the past four slabs although the prices will stay unchanged for … Read more
The United States Federal Reserve is still cynical about the efficiency of central bank digital currencies (CBDC). They are still years away from emerging their personal digital currency. Meanwhile, as per the Bank of America report, digital currency would make the U.S. dollar “remain highly competitive…relative to other currencies.” The United States House Committee on … Read more
Nayib Bukele, Salvadoran President stated that 2.1 million of his fellow residents are using the government-backed Chivo crypto wallet, offering a hint into the deceptive achievement of the country’s Bitcoin (BTC) strategy. The controversial president rationalized his 2.9 million Twitter followers Saturday afternoon, demanding that Chivo “now has more users than any bank in El … Read more
TV and wireless service provider Dish Network and Ethereum blockchain rival Cardano (ADA) stated that they have partnered to aid Dish integrate the ADA blockchain into its telecom business and benefit provide digital identity services to Dish clients. Cardano’s parent company, Input-Output too stated its collaboration with Chainlink to benefit Cardano developers build smart contracts … Read more
KARACHI: The government has legalized remittances through the money service bureau. According to an official document, remittances through exchange companies and money transfer operators from abroad have been legalized. FBR has also withdrawn all appeals against remittances through these agencies. The tax exemption available on remittances from abroad through the Money Service Bureau has also … Read more
The Leather Manufacturers’ exports in the initial two months of the fiscal year of 2021-22 went up by 8.21% against the exports of the consistent period of the previous year. Throughout the period from July-Aug 2021, Leather Manufacturers worth US$ 106,284 exported against exports worth US$ 98,218 in a similar period of the previous year. … Read more
As per Afghan Deputy Minister of Culture and Information Zabihullah Mujahid, Russia and other states can start applying economic projects in Afghanistan and invest in the country. Zabihullah stated, “I do not know about specific projects, but different peoples could help us. Russia could help with its economic, trade and investment projects in Afghanistan, and … Read more
As per the report of Karachi Sarafa and Jewellers Group, the price of 24 karats per tola gold was reduced by Rs200 per tola and was trade at Rs113,300 on Friday compared to its sale at Rs113,500 in the local market the prior day. The price of 10 gram 24 karats too declined by Rs172 … Read more
Twitter will be allowing crypto options to its tipping jar, enabling any users to pay through the platform. Twitter control product manager Esther Crawford stated the cryptocurrency tips option would be accessible for all iOS users worldwide and the platform plans to roll out features for Android in the coming weeks. The cryptocurrency feature will … Read more
Golem Network has introduced an application that enables users to mine Ethereum (ETH) on their laptops, yet it might be a long time before riches can be earned. The decentralized computing resources sharing platform unhitch the Thorg application that enables users to mine ETH on Windows-based PCs and laptops. The application runs in the background … Read more
As per the warning by the Chinese central bank executive, the quick acceptance of cryptos such as Bitcoin (BTC) stances a ‘huge challenge’ for the traditional financial system. The director of the payment and settlement department at the People’s Bank of China (PBoC), Wen Xinxiang, has highlighted fears over the increasing fame of cryptos and … Read more
The government of China is getting very serious about the crypto industry crackdown as forces are being brought by the country to combat cryptocurrency operations in the state. As per the announcement of the People’s Bank of China (PBoC), a group of new measures to combat against cryptocurrency adoption in China, containing indorsing sturdier inter-departmental … Read more
Chairman of All Karachi Anjuman-e-Tajiran and President of Tariq Road Traders Alliance Elias Memon accompanied by the delegation President of Karachi Chamber of Commerce and Industry (KCCI) Sharq Vohra and called on Senior Vice President Saqib Goodluck. During the meeting, issues related to traders affected by Corona were discussed. Saleem Unar, Nasir Mahmood, Mujahiduddin, Hanif … Read more
Exports of electric fans from the country have declined by 21.35 percent year-on-year in the first two months of the current financial year. According to the Pakistan Bureau of Statistics, exports of electric fans in July and August this year earned the country $4.43 million in foreign exchange, down 21.35 percent from the same period … Read more
Faisalabad: The annual general meeting of the Faisalabad Chamber of Commerce and Industry (FCCI) will be convened on Thursday, September 30, 2021. A spokesman of the Faisalabad Chamber said that the newly elected officials of the chamber for the New Year would also be formally announced at the annual general meeting including the presentation of … Read more
The cryptocurrency market was active together with equities, a day after the Federal Reserve publicized monetary policy in the U.S. and that is about to become a lot snugger. Though BTC and ETH are trading 1% upper over the past 24 hours, alternative cryptocurrencies like Cardano, SOL, and LUNA are up between 6% and 25%. … Read more
The first website about bitcoin (BTC), Bitcoin.org, got hacked by online scammers and down as of the time of writing. Bitcoin.org’s anonymous curator, Cobra publicized that the website was dealing with hackers handling to put up a scam notice on the web. BTC developer Matt Corallo tweeted that “Looks like Bitcoin.org got hacked and the … Read more
Financial regulators in the United Arab Emirates (UAE) have reached an arrangement to officially enable and support crypto trading in an economic-free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) reveals that it had signed an agreement with the Securities and Commodities Authority (SCA) of UAE to benefit from the regulation and trading … Read more
As per the exchange, Binance Australia has updated its security requirements for local residents seeing to access cryptocurrency on the platform as part of its “compliance efforts,”. All new users need to complete a process of verification to access its products and services. Present users who have not until now done, will have their account … Read more
