Islamabad, October 27, 2024 – The Pakistan Meteorological Department (PMD) has forecast that the hot and dry weather currently affecting Sindh will persist, with temperatures expected to remain high on Monday, October 28, 2024.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan Aims to Launch Panda Bond in Chinese Market
Pakistan is exploring new avenues for financing by targeting the Chinese market for its inaugural Panda bond issuance. Finance Minister Muhammad Aurangzeb revealed this intention during a recent meeting with China’s Vice Minister of Finance, Liao Min, on the sidelines of the World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings in Washington.
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FBR Mandates Customs to Enforce Tribunal Orders with Rigor
The Federal Board of Revenue (FBR) has issued stringent directives to customs officials, urging strict adherence to the rulings passed by appellate tribunals.
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PMD Forecasts Scorching Temperatures for Karachi on October 27
The Pakistan Meteorological Department (PMD) has forecasted an unseasonably high-temperature spell for Karachi, expected to grip the metropolitan city on Sunday, October 27. According to PMD projections, residents of Karachi should brace themselves for temperatures soaring between 39 to 41 degrees Celsius, a marked departure from typical seasonal averages.
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CCP Approves Hoechst’s Acquisition of Claforan Trademarks
The Competition Commission of Pakistan (CCP) approved on Friday the acquisition of trademarks for the pharmaceutical product Claforan by Hoechst Pakistan Limited from Sanofi Aventis Deutschland GMBH. This acquisition was facilitated through a trademark assignment agreement, marking a significant transaction in Pakistan’s pharmaceutical industry.
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PMD Forecasts Hot Weather for Sindh on October 26, 2024
Islamabad, October 25, 2024 – The Pakistan Meteorological Department (PMD) has issued a hot weather forecast for Sindh on Saturday, October 26, 2024, advising residents to prepare for another day of high temperatures. The PMD expects primarily dry conditions across most of Pakistan, with notably hot weather anticipated in various districts of Sindh.
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APTMA Demands Significant Interest Rate Cut of at Least 4%
Islamabad, October 25, 2024 – The All Pakistan Textile Mills Association (APTMA) has made a strong appeal for a substantial reduction in interest rates, calling for a 4% cut to help stimulate economic recovery, create fiscal space for public expenditures, and support the survival of key industries.
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Pakistan Weather Outlook for October 25, 2024
Islamabad, October 24, 2024 – The Pakistan Meteorological Department (PMD) has issued the weather outlook for Friday, October 25, 2024, predicting predominantly dry weather for most regions of the country. However, isolated rain accompanied by wind and thunderstorms may occur in parts of upper Khyber-Pakhtunkhwa and Gilgit-Baltistan during the evening or night hours.
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PM Shehbaz Directs FBR to Create Taxpayer-Friendly Environment
Islamabad, October 24, 2024 – Prime Minister Shehbaz Sharif on Thursday instructed the Federal Board of Revenue (FBR) to foster a more taxpayer-friendly atmosphere in a bid to build trust and enhance tax compliance. The prime minister made these remarks while chairing a review meeting focused on FBR reforms, according to a press release from the PM Office.
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Minister Rules Out ADR-Based Tax Exemption for Banks
Minister of State for Finance, Ali Pervez Malik, a day earlier, made it clear that there are no ongoing discussions or plans for tax exemptions based on the Advance-to-Deposit Ratio (ADR) for banks. Speaking at the Senate Standing Committee on Finance, Malik emphasized that no proposal concerning an ADR-based tax exemption is currently under consideration.
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