Chairman FBR appreciates IREN’s commendable performance By: Web Desk on January 12, 2022Chairman Federal Board Revenue (FBR) Dr Muhammad Ashfaq Ahmed on Tuesday appreciated Inland Revenue Enforcement Network (IREN) commendable performance. Building further on its momentum to maximize tax compliance, the Federal Board of Revenue’s Inland Revenue Enforcement Network (IREN) Squads, have seized 80,446,800 illegal cigarettes worth Rs195,674,652 involving duties and taxes of Rs156,135,055 in the six […]
Investors looking to SBP policy to determine direction of rupee By: Web Desk on January 11, 2022KARACHI: On Tuesday, the Pakistani rupee struggled to find direction as investors anticipated the State Bank of Pakistan’s (SBP) monetary policy decision later this week, seeking signs as to when policy tightening may occur. The local currency gained 0.03 percent against the US dollar on Tuesday, according to central bank data, completing the day at […]
Deadline been extended for exchange of old design banknotes By: Web Desk on January 8, 2022ISLAMABAD: The deadline for exchanging outdated design banknotes of Rs10, 50, 100, and 1000 denominations has been extended by a year by the government. Citizens can exchange outdated currency notes through the State Bank of Pakistan’s Banking Services Corporation (BSC) outlets till December 31, according to a statement released by the central bank. “Deadline for […]
In 2020-21, FBR collected Rs4,745b tax: finance ministry By: Web Desk on January 7, 2022ISLAMABAD: The finance ministry informed the Senate on Friday that the Federal Board of Revenue (FBR) collected Rs4,745 billion in tax for the fiscal year 2020-21. The finance ministry stated in a written report to the Senate that tax collection increased in 2020-21 compared to the first two years of the incumbent government. The report […]
Use an app to change the color of your car By: Web Desk on January 7, 2022At the Consumer Electronics Show (CES) in Las Vegas, BMW debuted the world’s first “colour-changing” vehicle. The BMW iX Flow concept car uses electronic ink technology similar to that used in e-readers to morph the car’s exterior into a range of grey and white designs. “This is really energy-efficient colour change using the technology E […]
Inflows of Roshan Digital Account exceed $3b By: Web Desk on January 7, 2022KARACHI: The State Bank of Pakistan (SBP) announced on Friday that inflows into the Roshan Digital Account (RDA) have surpassed $3 billion. “Roshan Digital Account now has three achievements under its belt. “In just 16 months, over 300,000 accounts have been established, deposits have surpassed $3 billion, and investments in Naya Pakistan Certificates have surpassed […]
Record growth of housing and finance construction in 2021 By: Web Desk on January 6, 2022KARACHI: Housing and construction finance recorded “exceptional” growth of 85 percent in 2021, according to the State Bank of Pakistan (SBP). The central bank said that bank financing for dwellings and construction climbed by Rs163 billion to Rs355 billion from Rs192 billion, and that loan disbursement under the Government Markup Subsidy plan, popularly known as […]
In Saudi Arabia, PIA hires 11 companies for quarantine services By: Web Desk on January 6, 2022KARACHI: Pakistan International Airlines (PIA) has planned to contract 11 businesses for quarantine facilities in order to provide better services to passengers going to Saudi Arabia. According to insiders familiar with the situation, the decision was made to provide greater amenities to visitors upon their arrival in Saudi Arabia. In this regard, the PIA has […]
Urea sale increases 11% in 2021: CEO Engro Fertilizer By: Web Desk on January 5, 2022A pro-farmer initiative by the PTI government to ensure a smooth supply of Urea fertilizer across the country has resulted in an increase of the urea fertilizer sale by 11 percent in 2021 as compared to the last year, said Chief Executive Officer (CEO), Engro Fertilizer, Nadir Salar Qureshi. According to the official sources, during […]
As part of ‘Sony Mobility’ project, Sony will show off SUV and explore building electric cars By: Web Desk on January 5, 2022The Sony Group aims to establish a firm this spring to investigate entering the electric vehicle market, leveraging its strengths in entertainment and sensors to play a larger role in next-generation mobility. Sony chairman and president Kenichiro Yoshida said at a press conference ahead of the CES technology trade show in Las Vegas that the […]