Pakistan likely to impose super tax on Commercial banks
According to Pakistan’s “Express Tribune” a news agency on June 7th , citing government sources, the Pakistani government may increase the super tax of commercial banks by 3 percentage points to 7%, and pay more attention to the profits generated from loans to the government. Pakistan levied a one-time super tax of 4% and 3% on […]
Pakistani security forces operation against terrorists in KPK province
Pakistani security forces kill 7 terrorists in KPK Province operation On June 5, the Ministry of Inter services public relations issued a statement saying that the Pakistani security forces carried out two separate operations in North Waziristan and Banu areas of KPK Province, killing seven terrorists and seizing large cache of Weapons and ammunition
Pakistan sets higher goal for next fiscal year for tax revenue at $34.6 billion, Government considers raising tax on edible oil imports
Pakistan’s Federal Board of revenue (FBR) has discussed with Prime Minister Sharif a detailed plan to increase tax revenue by Rs 4,000-4,500 crore to achieve Rs 7.2 trillion in the new fiscal year. Business recorder an analytical news outlet reported that Pakistan has set a target of 34.6$ dollars for tax accumulation for this fiscal […]
Pakistan’s prime minister revises federal cabinet
On June 3rd ,Pakistani Prime Minister Shahbaz Sharif decided to reduce the number of federal cabinet members and cut gasoline quotas for cabinet members to deal with the challenge of inflation. On June 2nd, the Finance Minister of Pakistan announced that the price of gasoline and diesel will be raised, which is the second time […]
Gwadar East Bay express way project under CPEC opens in Pakistan
The opening ceremony of China-aided East Bay Expressway in Pakistan’s Gwadar was held on 3rd June, marking the official opening of the external connection road in the Gwadar port area. the Gwadar East Bay Expressway starts from Gwadar Port in the south, with a total length of 19.49 kilometers, and the end point is connected […]
Residents of Pakistan’s twin cities face severe water shortage crisis
The capital Islamabad and Rawalpindi may have to start restricting water usage as the water level at the Khanpur Dam near the capital Islamabad continues to drop at alarming level, Pakistan’s local newspaper Dawn reported on June 1st. The head of the Kanpur dam said that due to the hot and dry weather, the output […]
1 dead 3 injured in supermarket warehouse fire in Pakistan’s city of Karachi
On June 1st a fire broke out in an underground warehouse of a supermarket in Karachi, the capital of Pakistan’s Sindh province. Emergency respondents said one person was killed and three others were injured in the fire. On the morning of the 1st, a supermarket warehouse on the ground floor of a residential area in Karachi […]
Pakistan’s prime minister to visit Turkey marking 75 years of diplomatic ties
According to the Pakistan’s Ministry of Information on May 30th, Pakistani Prime Minister Shahbaz Sharif will pay an official visit to Turkey extending from May 31st to June 2nd. This is Shahbaz Sharif’s first visit to Turkey since taking office. According to Pakistan’s Ministry of Information, Shahbaz Sharif’s visit to Turkey will be accompanied by […]
Pakistan’s government and Pakistani Taliban agree upon an indefinite extended ceasefire
According to Pakistan’s local news outlet “Dawn” on May 31, the Pakistani government and Tehreek-e-Taliban Pakistan agreed to extend the ceasefire indefinitely and continue negotiations to end the 20-years long armed conflict at the border areas of Pakistan referred to as the tribal belt also. The ceasefire, which was due to end on May 30th, […]
China helps Pakistan fight severe wildfires
Chinese Ministry of Emergency Management told that on the afternoon of May 27, in response to an urgent request from Pakistan, the Ministry of Emergency Management and Pakistan’s National Disaster Management agency held a video conference on the recent firefighting in the Suleiman Mountains of Baluchistan province of Pakistan. Chairman of the National Disaster Management […]