The FBR is currently on a mission to eradicate tax evasion in Pakistan. According to reports, the FBR registered 215 FIRs against 267 accused and attached properties worth Rs235 billion involving a tax amount of Rs76 billion. The FBR also attached 640 bank accounts.
The virtual summit will be the first of its kind in Pakistan. According to details, some of the biggest names from global fintech giants will attend the event. Her Majesty Queen Maxima of the Netherlands will deliver a special pre-recorded message at the summit.
Faisal Subzwari, Chairman of the Senate’s Standing Committee on Industries and Production, confirmed to the media that Samsung has officially begun its production of mobile phones in Pakistan. This is a welcoming development as authorities hope it will reduce import bills.
Brent crude futures rose $1.90, or 2.7%, to $71.13 a barrel at 0504 GMT, after a 3.9% slump on Tuesday. U.S. West Texas Intermediate (WTI) crude futures rose $1.71, or 2.6%, to $67.89 a barrel, after a 5.4% drop on Tuesday. OPEC+ will meet on Thursday to discuss the developments.
During the second round of Doha Talks, the Afghan delegation assured the US side of security and urged that Afghanistan's frozen money should be released unconditionally, blacklists and sanctions must end and human issues be separated from political ones.
In the week since the new virus strain was reported by South Africa, dozens of countries around the world have responded with travel restrictions. But the World Health Organization warned that "blanket" travel bans risked doing more harm than good.
In honor of the International Day of Solidarity with the Palestinian People, Palestinian students in Lahore appraised Pakistan’s strong stance towards Israel, despite international pressure, and thanked Pakistan for always standing with the people of Gaza.
The Hajj quota would be distributed at a ratio of 60:40 — 60 percent allocation for Government Hujjaj and 40 percent for Hajj Group Organisers. Hajj quota of 5,000 pilgrims has been allocated to 100 new private companies as well.
The adviser expressed that Islamic finance helps reduce poverty, expand access to finance, develop the financial sector, and build stability and resilience. He also assured the government’s commitment to developing and strengthening the Islamic finance industry in Pakistan.
The FBR collected net revenues of Rs. 2,314 billion during July-November 2021-22 as against the collection of Rs. 1,695 billion during July-November 2021-21. The collection also exceeded the set target of Rs. 2,016 billion for the period by Rs. 298 billion.
With the new office in Islamabad, JS Bank aims to facilitate priority customers with dedicated financial advisors who will guide customers and assist them in wealth management, estate planning, and provide other multi-dimensional solutions.
During the period of Jan to Oct 2021, domestic manufacturing mobile plants in Pakistan produced 18.87 Million mobile units, including 7.93 million 4G mobile phones compared to 9.45 million imported mobile phones. This is a huge achievement for Pakistan.
