The UN refugee agency says millions of Afghans caught in deteriorating situation in Afghanistan are in desperate need of humanitarian assistance and protection and must not be forgotten by the international community. “UNHCR remains concerned about the risk of human rights violations against civilians in this evolving context, including for women and girls”, Shabia Mantoo, … Read more
Sindh Education Minister Sardar Shah said that the health department had warned of a new wave of coronavirus next week, after which the provincial government decided to keep the educational institutions closed. According to details, a statement issued by Sindh Education Minister Sardar Shah said that the decision to close the educational institutions was taken … Read more
KARACHI: The Federal Board of Revenue (FBR) has issued a clarification on the news aired by a leading news channel regarding use of pirated software by the revenue board for its systems. The FBR clarified that the IT services for the federal and provincial tax authorities such as FBR, Sindh Revenue Board (SRB), Punjab Revenue … Read more
Much of the infrastructure built in the last century, which people need to thrive: energy, transportation, sanitation, hospitals, and schools, has been significantly carbon intensive. And the world needs much more infrastructure in the coming years as the population expands, urbanisation increases, and the ambitions of people to improve their livelihoods grow, according to the … Read more
Pakistan Cricket Board (PCB) has postponed the ODI squad announcement as the Afghanistan Cricket Board (ACB) has not finalized the schedule and travel plan for the series. The ACB announcement delay is due to the backdrop of the current developing situation in Afghanistan, as their country has been taken over by the Taliban. A PCB … Read more
LAHORE: Federal Minister for Planning, Development and Special Initiatives and National Command and Operation Centre (NCOC) chief Asad Umar has ruled out the possibility of complete lockdown in the country, saying Prime Minister’s smart lockdown policy has yielded the desired results. Talking to newsmen during his visit to Challenge Textile Factory here on Friday, he … Read more
KARACHI: The Pakistan stocks ended the week by gaining 430 points, as the news of Taliban taking control over Afghanistan, Pak-Afghan trade picking up and reduction in Customs duties on 159 items in Afghanistan, including cement and steels lifted the market sentiment, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks recovered … Read more
KARACHI: The liquid foreign exchange reserves of the country increased $24 million during the week ended August 13, 2021, the central bank reported on Friday. The foreign exchange reserves of the country increased to $24.668 billion by the week ended August 13, 2021, compared with $24.644 billion a week ago, it added. Similarly, the foreign … Read more
ISLAMABAD: The Cabinet Committee on Energy (CCoE) has approved the proposal of the Power Division for eliminating the need for generation licences for small-scale RE-based systems (up to 25kW) for net metering. The decision was taken during the CCoE meeting, held under the chairmanship of the Federal Minister for Planning, Development and Special Initiatives Asad … Read more
KARACHI: The current account deficit has been recorded at $773 million in July 2021. The State Bank of Pakistan (SBP) on Friday issued details of the balance of payments. According to the SBP, the current account posted a surplus of $583 million in the same month of the last year. The imbalance in the current … Read more
KARACHI: The people earning taxable income will be brought into the tax net through artificial intelligence, a senior government official said on Friday. Addressing the members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Karachi Chamber of Commerce and Industry (KCCI), Finance Minister Shaukat Tarin said that the country needs … Read more
KARACHI: The economy of the country is heading in the right direction, a senior official said on Friday. In a meeting with Sindh Governor Imran Ismail at the Governor House, Finance and Revenue Minister Shaukat Tarin said that the international organisations were acknowledging Pakistan’s economic development. Enhancing the exports of the country was the top … Read more
KARACHI: The newly-registered taxpayers are receiving computerised notices for the previous years, asking them to file their annual returns. A new taxpayer, who starts taxable earnings and registered for filing annual return of income, is receiving notices to file previous years’ returns. “The new taxpayers, who find themselves in Catch-22 situation, when multiple notices are … Read more
KARACHI: Sindh High Court on Friday directed the administration of National Institute of Cardio-Vascular Diseases (NIVCD) to provide requisite records to National Accountability Bureau (NAB) enabling it to complete its inquiry pertaining to alleged misappropriation of zakat funds and recruitments made in violation of relevant rules and procedures. The court issued the directions while hearing … Read more
KARACHI: The rupee fell 10 paisas against the dollar on Friday, as the foreign exchange market opened after two-day holidays, dealers said. The exchange rate ended at Rs164.18 against the dollar from Rs164.08 on August 17, 2021 at the interbank foreign exchange market. The dealers said the local currency was under pressure due to the … Read more
KARACHI: The State Bank of Pakistan (SBP) has granted clearance to the Askari Bank Limited to appoint Atif R Bokhari for a term of three years, a statement said on Friday. The board of directors of the bank in its meeting on July 28, 2021 appointed Atif R Bokhari as the new president and CEO … Read more
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), under the Second Cohort of Regulatory Sandbox, has granted approval to various innovative solutions, including parametric insurance, real estate asset tokenisation, unified digital distribution of mutual fund application, digital identity/AML/KYC (AI-based) and centralised KYC, a statement said. The SECP, in pursuance of its reforms agenda to support … Read more
LAHORE: Punjab government on Friday decided to suspend five police officials for failing to take measures in time to the public assault of a woman at the Minar-e-Pakistan on August 14. In this regard, a meeting was held, presided over by the chief minister himself to review the progress made in the investigation of this … Read more
