Budget 2024-25: Hike in taxes on imported mobile phones expected
The upcoming federal budget for the fiscal year 2024-25 includes a proposal to increase taxes on imported mobile phones, Express News reported. Sources from the FBR revealed that the new financial year’s budget suggests imposing a federal excise duty (FED) on imported mobile phones, raising the Pakistan Telecommunication Authority (PTA) tax, and further increasing the Gross Sales Tax (GST) on these imports. The sources noted that with the current 25% GST on mobile phones, an additional increase in GST would be challenging. The government has decided to take loans amounting to Rs932 billion for development projects in the next fiscal year. According to sources, the federal government will secure Rs316 billion, while the four provinces will borrow Rs616 billion in foreign loans.
Source:The Express Tribune
June 11, 2024 13:23 UTC
Due to reduction in interest rate, inflation will come down a lot, Fathullah Mian Khel
Our government is trying to provide relief to the people, Nasir ButtReduction in interest rate will reduce cost of production, Mirza Akhtiar BaigISLAMABAD:PPP leader Fathullah Mian Khel’s conversation in the program “Sachi Baat SK Niazi Saay”. Due to reduction in interest rate, inflation will come down a lot, Fathullah Mian KhelThere is a lot of pressure from Islamic organizations to abolish usuryLeader of Muslim League-N Nasir Butt’s conversation in Sachi Baat programA reduction in interest rate is welcome, it is a sign of reduction in inflation, Nasir ButtOur government is trying to provide relief to the people,Chief Minister Maryam Nawaz is doing a great job in PunjabPackage has been given to farmers, new policy will be madePetrol, flour, chicken and many commodities have become cheaper, said PML-N leaderThe government has been in place for a few days now, people should not be disappointed,The law of defamation was made so that those who lie on TV can be punishedUK law states that black money is returned to the country from which it is exportedFounder PTI and Malik Riaz were thinking that the next 10 years are also theirs,Prime Minister Shehbaz Sharif’s visit to China will have very good effects,The government is also trying to bring political stability, said PML-N leaderWhoever has any problem should sit and talk with the partyEconomist Mirza Akhtar Baig’s talk in Sachi Baat programReduction of interest rate was very important to control inflation, Mirza AkhtarDue to the high markup rate, businesses closed, new industries did not start,Reduction in interest rate will reduce cost of production24% interest rate payments were very difficult for banksWe expect the markup rate to be brought down to single digits,IMF’s condition is that taxes should be increased in three sectorsBusinessmen and the government are at odds over increasing taxes in these sectorsWe are on increasing old taxes instead of new taxesRaising revenue alone will not solve the problems, spending will also have to be reduced, opinedThere is no example in the world of filer or non-filerAnyone who is a non-filer is a tax evader, there should be no exemption, Akhtar BaghWhenever national defense is discussed, Dr. Abdul Qadeer’s name will be mentioned in it,If we talk about atomic bomb, the names of former prime minister Zulfiqar Bhutto and Nawaz Sharif will be mentioned,Nawaz Sharif faced a lot of difficulties when he carried out nuclear explosionsNawaz Sharif said that India has done 5 blasts, so we will do 6,Mian Nawaz Sharif has described the founder of PTI as a crying baby,Founder PTI said I am kept in death cell, he is lying
Source:The Patriot
June 11, 2024 08:09 UTC
PM Shehbaz vows to rid Pakistan of enemies
On the occasion, Prime Minister Shehbaz Sharif vowed to rid Pakistan of all sorts of enemies. Capt Muhammad Faraz Ilyas along with six brave soldiers were martyred during an IED blast at Lakki Marwat. After the funeral prayers, the Prime Minister and Corps Commander participated in the burial of Shaheed Captain and offered Fatiha at the grave. Muhammad Faraz Ilyas Shaheed. He announced to transform the native village of martyred officer as model village and renamed it as “Faraz Ilyas Shaheed”.
Source:Pakistan Today
June 11, 2024 02:58 UTC
Crafting Your Financial Roadmap
The visit, according to rumors, was made in order to meet program objectives and budget targets set by the IMF regarding Chinese debt and power purchase agreements with Chinese enterprises. It would be an understatement to say that the administration has great challenges in creating its budget. Conversely, it needs to strike a balance between the public’s expectations of relief and the strict demands of the IMF. The finance minister and prime minister have repeatedly stated that they are committed to implementing the necessary structural changes as part of the new IMF program. Many doubt that they will be able to translate their statements into clearly defined budgetary actions.
Source:The Patriot
June 11, 2024 02:17 UTC
Philip Rangel OBITUARY
RANGELPhilip “Willy” Rangel. Beloved son of the late Benjamin and Cecelia Rangel. Loving brother of Marta Wertz, Lucy Krouse, Mary Origel, Lori (Frank) Martin, Agnes (David) Espinosa, John (Ann) Rangel, Gloria (Donald) Rose, Dennis (Carol) Rangel, Michael (Judi Kay) Rangel, Andrea (Kenneth) Borucke, Charlotte Rangel, Charles (Rose) Rangel and Dr. Lee Rangel DC. Many nieces, nephews, great nieces and nephews. Funeral Monday 10:00 AM from the Vandenberg Funeral Home 17248 South Harlem Ave. Tinley Park to St. Benedict Church Mass 11:00 AM.
Source:The Express Tribune
June 10, 2024 21:43 UTC
Star Wars 'The Acolyte' attracts viewers, divides fans
‘The Acolyte,’ has broken viewership records for Disney records but also alienated some fans. According to Startefacts, ‘The Acolyte’ promised to transform the franchise but the show has instead angered many fans. Whether ‘The Acolyte’ will delve into the nuanced use of the Force or alter franchise lore remains to be seen, leaving fans cautiously optimistic about its potential. Disney’s production of Star Wars content has been extensive, but not always well-received. Despite the criticism, ‘The Acolyte’ has achieved significant success, becoming the most-watched show on Disney+ with 4.8 million views for its premiere episodes.
Source:The Express Tribune
June 10, 2024 21:35 UTC
Let’s not blame the boys: Anoushey Ashraf slams system following Pakistan’s loss against India
Yesterday’s cricket match against India took a surprising turn as our neighbouring team pulled off a last-minute win in a match that seemed to be in our favour. Several celebrities have already shared their opinions regarding that rollercoaster of a match, the most recent of which is video jockey and television actor, Anoushey Ashraf. In a candid Instagram post, she delivered a scathing critique of the national state of affairs following a disappointing performance by the country’s cricket team. Her indictment of the broader societal issues reflects a widespread sentiment of frustration with institutional failures that extend far beyond the cricket pitch. A win would've also been a bandaid on a wound that runs way deeper.
Source:The Nation
June 10, 2024 16:48 UTC
T20 World Cup: Pakistan Captain Babar Azam reflects on batting struggles against India post-match
In a low-scoring T20 World Cup encounter, India emerged victorious against Pakistan by a narrow margin of six runs. Pakistan, chasing a target of 120, faltered despite a strong start by openers Babar Azam and Mohammad Rizwan. Little bit slow, some balls are bouncing a bit more, but you expect it with a drop-in pitch," Babar Azam said in the post-match ceremony. Read more: India defeat Pakistan by six runs, reach top of Group A points tableIndia's innings, on the other hand, saw a collapse as they were bowled out for 119 runs. Despite initial setbacks, India managed to reach a respectable total, thanks to some valuable contributions from their middle-order batsmen.
Source:The Express Tribune
June 10, 2024 16:26 UTC
Chinese training to help promote mineral sector entrepreneurship in GB: Experts
He said, “Despite being rich in gems and minerals, GB lags in lapidary, proper equipment, and marketing approach. Talking to WealthPK, Dr. Zakir said, “Before starting a degree program, UOBS and YLRVC collaborated to start the said extensive diploma. Talking to WealthPK, gemstones exporter Zakir Ullah alias Jhulay Lal said, “There’s a need for the Chinese coordination to improve the number of entrepreneurs in the gemstone sector. He said that by promoting the gemstone sector and improving its opportunities, Pakistan could get rid of the economic crisis. “Gemstone lapidary is emerging as a strong sector, and it is high time that it was properly launched in Pakistan.
Source:The Nation
June 10, 2024 16:24 UTC
Entire nation stands with Pak-Army until end of terrorism : Samina
QUETTA, Jun 10 (APP): Senator Samina Mumtaz Zehri on Monday said that the entire nation was standing by the side of the army until the elimination of terrorism from the country and terrorists would never succeed in their evil intentions. In her condemnation statement, she expressed deep sorrow over the martyrdom of seven security personnel including Captain Muhammad Faraz Ilyas in a landmine explosion near a security forces vehicle in Lucky Marwat area. She said that cowardly enemies could not shake our firm resolve with such actions, adding that all the martyrs were heroes of the nation and the entire nation and their families were proud of sacrifice of the martyrs for the country. She said that those who sacrificed their lives for protecting homeland proved that the protection of the Pakistan was in strong hands . The courage, perseverance and patience of the families of the martyrs was a source of strength for the nation and the security forces, the senator added.
Source:The Nation
June 10, 2024 15:35 UTC
Pak commitment to regional peace highlighted at ASEAN Regional Forum
ISLAMABAD - Pakistan on Sunday highlighted commitment to regional peace, security and prosperity at the ASEAN Regional Forum. Additional Foreign Secretary (Asia & Pacific), Ambassador Imran Ahmed Siddiqui, represented Pakistan at the Senior Officials Meeting preparatory to the Ministerial Meeting of the ASEAN Regional Forum (ARF), said a Foreign Office statement. Ambassador Siddiqui appreciated ARF’s pivotal role in multilateral efforts for regional peace and prosperity. Reaffirming Pakistan’s commitment to the purposes and principles of the United Nations Charter and the ASEAN Regional Forum’s mandate, he emphasized the importance of international collaboration for shared objectives of stability and sustainable prosperity. The Additional Foreign Secretary reaffirmed Pakistan’s consistent and principled stance on the Palestinian question and called for an urgent and unconditional ceasefire in Gaza and an end to foreign occupation of Palestinian territories.
Source:The Nation
June 10, 2024 15:29 UTC
A little known Pakistani company is suing Zoom for over $2 million. What in the world is happening?
The document was a court case filed by a Pakistani company called D-Tech Consultancy. In the case they had brought before the court, D-Tech had named Eric Yuan, the CEO of global video conferencing platform Zoom, as a defendant. D-Tech, a little known Pakistani company based in Karachi, was suing Zoom. Because according to them, Zoom owes D-Tech over a million dollars in unpaid commissions, and the company is now demanding that Zoom cough up $2.2 million in damages and losses. D-Tech Consultancy was apparently Zoom’s partner in Pakistan and had been given the status of authorised reseller.
Source:Pakistan Today
June 10, 2024 11:33 UTC
After digital financial services, could startup acceleration be the new passion of Pakistani telcos?
While investment may be dwindling, efforts of tech-driven and innovation oriented individuals to continue disrupting the technology landscape have not stopped. However, the tech landscape has definitely changed, and even taken quite a hit in the last two years. This is perhaps why even telcos are reconsidering their role in the larger scheme of things, thinking beyond mobile operation services and network provision. A decade and a half ago, most telcos in the country were hyper-focused on tapping into digital financing services, the fruits of which are evident in Telenor’s EasyPaisa and Jazz’s Jazzcash. Now, the time to diversify has arrived once again, and the cool new thing for telcos to get into are accelerators.
Source:Pakistan Today
June 10, 2024 11:33 UTC
BJP’s plan to win 400 seats thwarted
Modi relied heavily on Hindu voters, believing they would vote for him exclusively. Yet, in these elections, Hindu voters have disfigured the face of the political leader who claimed to be their deity. From his voters, Modi had sought an anti-Muslim mandate. He instilled fear by claiming that the opposition party Congress would seize their properties and resources and distribute them among Muslims. Moreover, young people campaigned to remove this government, and the common Indian voter has surely driven the first nail into Modi’s coffin by thwarting the BJP’s plan to win 400 seats.
Source:The Patriot
June 10, 2024 09:16 UTC