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Tuesday, July 8, 2025

In a major people friendly move, government reverses increased taxes on dairy industry!

Keeping in mind the sustainable development of dairy in Pakistan, the dairy industry proposed a three-year program of consistent policies in the taxation regime, which will allow them to reinvest a major part of the incentive for the growth of the dairy sector.

KIA Motors has recalled Sportage all over Pakistan for catching fire

If needed, the company will replace the faulty HECU fuse kits that are potential fire hazards. Both the inspection and the component replacement will be done free of cost. However, not all people are eligible for the free replacement!!

Children ignored in 2021-22 budget as dairy products taxed heavily!!

Despite assurances to improve the dairy sector and continuous requests by the dairy industry to make the dairy industry a zero-rating sector of the economy, the incumbent government has taken a 180 degree turn and the taxes increased from 10 percent to 17 percent for the upcoming fiscal year 2021-22.

India: Dalit family assaulted by upper-class men

Members of a Dalit family, also known as "untouchable" in India, were assaulted for objecting to waste being dumped in front of their home.

Standing committee rejects many proposals in the new finance bill 2021-22

As a measure to broaden the tax base, there was agreement on exemption of import duty on card reader machines, while the government has also announced the abolishment of tax on import of point-of-sale machines and these accessible to retailers for duty-free import.

Govt increases rate of return on these national saving schemes!

It must be mentioned, interest rates will be maintained on Special Savings Certificates, Special Savings Account, Bahbood Savings Certificates, Pensioners Benefit Account, Shuhada Family Welfare Account, Savings Account, Short Term Savings Certificates (three months), and Short-Term Savings Certificates (12 months duration).

Pakistan donates PPEs to Afghanistan for the fight against COVID-19

Pakistan's National Disaster Management Authority has donated Personal Protection Equipment to Afghanistan to combat Covid-19.

Top five most popular E-Sport video games in Pakistan

GVS looks at some of the most popular E-Sports in Pakistan, considering only those that have a somewhat existing competitive scene.

Corolla and Civic are possibly getting a new competitor in Pakistan!

According to Pakwheels’ sources, KIA is bringing competition to the popular field of sedans, which are currently ruled by Honda Atlas’s Civic and Indus Motor’s Corolla, and the recent entrant Hyundai Elantra. Honda Civic and Toyota Corolla are two of the most popular sedan choices in Pakistan.

Pakistan’s Auto sector sees a 250pc uptick in car sales YoY

Cumulatively, during the current 11MFY21, the vehicle sales amounted to 217,217 units, registering an increase of 62 percent YoY. It must be mentioned here that this number is higher than the number of vehicles sold in the pre-pandemic era.

Summary of Sindh’s budget for the upcoming fiscal year 2021-22

The CM Sindh said, referring to the ongoing pandemic, "It hurt us in many ways. I bow my head in respect to every citizen, for the endurance shown in facing what was an undeniably a tough year for all our physical and mental well-being.”

Here are the new car prices after the 2021-22 budget!!

In the budget speech on 11th May Finance Minister Shaukat Tarin mentioned two major highlights, namely the introduction of the EV policy to incentivize the manufacturing and introduction of electric vehicles in the Pakistani market, and the reduction in taxes for cars with power less than 850cc.