Govt can generate Rs 19 billion more tax revenue on May 22, 2021The government can generate at least Rs 19 billion in additional tax revenue if the federal excise duty on cigarettes is increased by 30 percent, a group of anti-tobacco activists said on Friday. The activists have formally submitted this proposal to the Ministry of National Health Services and Regulations and urged the government to include […]
Smoking-related diseases cost Pakistan $3.85 billion annually on May 20, 2021The total costs to attributable to all smoking-related diseases and deaths in Pakistan cost the national exchequer over $3.85 billion annually while the tobacco industry’s total tax contribution is approximately just 20 percent of the smoking’s total cost. A policy brief, “The Huge Economic Cost of Tobacco-Induced Diseases in Pakistan,” by Pakistan Institute of Development […]
Notice taken by NAB on Ring Road scam a good omen: Sarwar on May 18, 2021Aviation Minister Ghulam Sarwar while terming the notice taken by NAB in respect of ring road scandal a good omen said the same be got investigated from all institutions including NAB, FIA, IB and ISI. “If any of my or my family connection is proved to the extent of even a single inch from the […]
6m counterfeit cigarettes seized in Rawalpindi on April 18, 2021The Federal Board of Revenue (FBR) has seized two truckloads of six million counterfeit cigarettes. A team of the Regional Tax Office Rawalpindi intercepted two trucks carrying 300 packarites of counterfeited brand ‘Classic’ and 300 packarites of counterfeited brand ‘Kissan’ on Expressway Murree near Lower Topa. According to the FBR documents, the driver was asked […]
Teachers can approach court if committee violates merit: IHC on April 9, 2021Islamabad High Court (IHC) while announcing decision on the petition against the committee constituted for regularization of deputationist teachers has remarked that court will keep watch on the committee decisions and if it imparts discriminatory treatment to teachers, then they can approach the court. A single bench of IHC presided over by Chief Justice (CJ) […]
Karachi’s capacity to manage disasters reviewed on April 2, 2021Strategies to improve Karachi’s disaster response were discussed at a meeting at the Commissioner’s Office involving some 14 departments of the Emergency Response System and a team of Jinnah Sindh medical University’s collaborative project titled ‘Measuring Urban Capacity for Humanitarian Crisis’. Presided by the Commissioner Karachi Navid Ahmed Shaikh, the participants reviewed the research outcomes […]
Govt seeks property details to meet FATF criteria on March 26, 2021In order to meet the requirements of the Financial Action Task Force (FATF), the government has unilaterally registered all tax returns-filing real estate dealers as Designated Non-Financial Business and Professions (DNFBPs) and directed them to provide full details of their clients and property transactions after completing customer due diligence. More than 20,000 real estate brokers, […]
FDE ‘reluctant’ to restore suspended teachers despite IHC orders on March 1, 2021The suspension orders of 250 teachers working in Islamabad have yet not been overturned despite clear orders by Justice Athar Minallah of the Islamabad High Court. According to details, the IHC had clearly ordered to restore the suspended 250 teachers from Islamabad on February 17. The Islamabad High Court mentioned in its written orders that […]
Oil price spike increases inflation and reduce economic growth. Iftikhar Ali Malik. on February 10, 2021The business community Tuesday expressing their grave concern said continuous oil price spike will increase inflation and reduce economic growth besides increasing cost of production. Chairman United Business Group (UBG) and veteran trade leader Iftikhar Ali Malik talking to a delegation of Kasur Industrial Estate led by Ahmad Waqar Ch Arain criticising the gradual steep […]
LoC situation major hurdle in tapping Pak-India $37b trade potential on February 7, 2021All Pakistan Business Forum President Syed Maaz Mahmood has urged the international community to accord serious attention to the violation of human rights in Occupied Kashmir, as consistent Indian attempts to escalate the situation along the LoC is a major hurdle to exploit the two countries’ bilateral trade potential of $37 billion and prosperity of […]