Lahore, November 15, 2024 – In a significant move, the Punjab Assembly passed the Punjab Agricultural Income Tax (Amendment) Bill 2024 on Thursday, despite opposition protests and a walkout by members of the Pakistan Peoples Party (PPP) and Pakistan Tehreek-e-Insaf (PTI).
(more…)Author: Mrs. Anjum Shahnawaz
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FBR Directed to Lower Tax Burden on Salaried Class
Islamabad, November 15, 2024 – Minister of State for Finance and Revenue, Ali Pervaiz Malik, has emphasized the need to alleviate the tax burden on salaried individuals by curbing widespread tax evasion in the tobacco industry. Addressing a roundtable on Thursday, he expressed the government’s commitment to reducing income tax for the salaried class, contingent upon the Federal Board of Revenue (FBR) recovering an estimated Rs 300-350 billion lost to non-duty-paid and smuggled cigarettes.
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SECP Registers Over 2,400 Companies in October 2024
Islamabad, November 14, 2024 – The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024, bringing the total number of companies in the country to 233,587.
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PM Shehbaz Urges Nation to Pray for Rain Relief
Islamabad, November 14, 2024 – Prime Minister Shehbaz Sharif on Thursday appealed to the public to observe Namaz-e-Istisqa, or prayers for rain, across the nation, urging citizens to seek Allah Almighty’s mercy to ease the prevailing dry conditions. The Prime Minister’s call emphasizes the importance of collective prayers in mosques throughout the country to invoke divine intervention for rain amid growing environmental concerns.
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Punjab Braces for Smog and Dense Fog Amid Cold Spell
Islamabad, November 14, 2024 – The Pakistan Meteorological Department (PMD) has issued a weather forecast predicting significant smog and dense fog over Punjab on Friday, November 15, 2024.
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OGRA Hosts Workshop to Strengthen Oil Sector Monitoring System
Islamabad, November 14, 2024 – The Oil and Gas Regulatory Authority (OGRA) has taken a significant step toward bolstering accountability in Pakistan’s oil sector by organizing a workshop focused on implementing an effective track and trace system.
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Latest Petroleum Prices in Pakistan on November 14, 2024
The updated petroleum prices in Pakistan as of November 14, 2024, are as follows: Petrol at PKR 248.38 per liter, High-Speed Diesel (HSD) at PKR 255.14 per liter, Kerosene Oil at PKR 161.54 per liter, and Light Diesel Oil (LDO) at PKR 147.51 per liter.
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Nepra Takes Firm Stance on KE Compliance Failures
Islamabad, November 14, 2024 – The National Electric Power Regulatory Authority (Nepra) has issued a show cause notice to K-Electric (KE) following repeated failures to comply with regulatory directives related to net-metering applications.
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First-Ever Direct Cargo Vessel Arrives in Bangladesh from Pakistan
Chittagong, November 13, 2024 – In a historic development, a direct cargo vessel from Karachi, Pakistan, docked at the port of Chittagong, Bangladesh, marking the establishment of the first-ever direct maritime link between the two neighboring countries. This pioneering route is anticipated to significantly enhance logistical efficiencies, streamline supply chains, and reduce transit times between Pakistan and Bangladesh, fostering closer trade ties in the region.
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Pakistan Set to Escalate Petroleum Prices from November 16
Islamabad, November 13, 2024 – Pakistan is preparing to implement another surge in petroleum prices, marking the second increase within November, as reported by official sources. This anticipated adjustment, effective from November 16, 2024, is driven by escalating premiums on petroleum products in the global market, which have significantly raised import costs and strained domestic resources.
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