S&P Global, a provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets is proud to celebrate its 19th anniversary of operations in Pakistan this month. Since its establishment in 2005, S&P Global Pakistan has been at the forefront of providing essential intelligence that enables governments, businesses, and individuals to unlock new opportunities, solve challenges and accelerate progress for the world. Over the past 19 years, S&P Global Pakistan has built a strong reputation in “Powering Global Markets” and delivering impact for its people, customers, and communities. On this momentous occasion, Mujeeb Zahur,…
Category: Tech and Telecom
KP Welcomed 400,000+ Tourists During Eid
During the recent Eidul Azha holidays, Khyber Pakhtunkhwa experienced a significant influx of tourists, with over 400,000 visitors exploring its scenic destinations from June 17 to 19. Naran Kaghan was the most popular destination, attracting more than 174,000 tourists. It’s picturesque valleys and serene landscapes continue to charm visitors seeking an escape from urban life. In Galiyat, 162,000 tourists enjoyed cultural sites and historical landmarks, highlighting the area’s rich heritage. Malam Jabba in Swat welcomed over 46,000 visitors, while Upper Dir saw 23,000 tourists exploring its natural beauty. The surge in tourist numbers underscores Khyber Pakhtunkhwa’s growing appeal as a…
PMD Forecasts Heavy Rainfall Across Pakistan in Next 24 Hours
The Pakistan Meteorological Department (PMD) has warned about the possibility of heavy rainfall in the next 24 hours across various parts of the country. It includes Islamabad, Punjab, Khyber-Pakhtunkhwa (K-P), Azad Jammu and Kashmir (AJK), and other parts. Over the coming day, most parts of the country are likely to experience strong winds, thunderstorms, and heavy rain. Northeastern Balochistan, Punjab, Islamabad, K-P, AJK, and Gilgit-Baltistan may see gusty winds, thunderstorms, and localized heavy rainfall. Meanwhile, other regions will remain predominantly hot and dry. Recent pre-monsoon rain in Rawalpindi and surrounding areas has raised concerns about potential monsoon floods in Nullah…
Pakistan Cricket’s Complete Upcoming Schedule
The Men in Green are expected to play at least 9 ODIs in their build-up to the ICC Champions Trophy 2025, while 9 Tests are scheduled till the new year. Babar Azam’s men will play some of the toughest opposition during this time, which includes tours of Australia, Zimbabwe, and South Africa. Pakistan will play in a total of nine Test matches, providing a rigorous challenge that promises to test the team’s resilience and skill across various conditions. The season kicks off with a high-profile tour of Bangladesh, where Pakistan will play a two-match Test series in August. Following this,…
Karachi Airport Continues to Face Flight Delays
Several international and domestic flights were cancelled or delayed at Karachi’s Jinnah International Airport on Friday, according to 24NewsHD TV channel. AirBlue’s international flight PA-171 from Karachi to Jeddah was cancelled. The domestic flight schedule showed that Pakistan International Airlines (PIA) flight PK-369 from Karachi to Islamabad was also cancelled. Additionally, PIA flight PK-341 from Karachi to Faisalabad was delayed, while AirSial flight PF-144 from Karachi to Lahore was shelved. AirBlue flight PA-401 from Karachi to Lahore experienced a delay. PIA flight PA-311 from Karachi to Quetta was also behind schedule. The post Karachi Airport Continues to Face Flight Delays…
FTO Directs FBR to Suspend License of Ocean Pacific Shipping Line
Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to cancel or suspend the license of a shipping line for non-issuance of “Delivery Order/NOC” despite receipt of detention charges for release of imported consignment. In this regard, the FTO issued an order against M/s Ocean Pacific Shipping Line here on Friday. This Complaint was filed against the Collector, Collectorate of Customs (Appraisement-West), Customs House, Karachi and Collectorate of Customs Enforcement (Ports) for the delay in the release of the Complainant’s consignments/goods. Precisely, facts of the case are that the Complainant imported Silico Manganese chemical valuing $59400- (Rs.…
New Tax Law Gives FBR Authority to Demand Wealth Statements From Anyone
The Finance Bill 2024 has allowed the Commissioner Federal Board of Revenue (FBR) to demand wealth statements and details of foreign assets from anyone. Amendments in the bill also propose broadening the scope to include individuals or entities ceasing business operations, reported Business Reporter. The new tax laws will help ensure tax compliance and accountability. Additionally, Section 126A, introduced by the Tax Laws (Amendment) Act 2024, now clarifies the valuation for tax matters and extends the transfer date for pending cases from June 16 to September 16, 2024, due to the high volume of cases. It bears mentioning that these…
Police to Seize Smoke-Emitting Vehicles
The Lahore High Court (LHC) directed the police on Friday to seize vehicles emitting smoke across Lahore in an effort to combat the threat of smog, as reported by ARY News. The decision was made during a session of the LHC bench, which was addressing petitions seeking the court’s intervention to tackle smog. Justice Shahid Karim presided over the hearing on the petition filed by citizen Haroon Farooq and others. The LHC instructed the traffic police to initiate a crackdown on vehicles emitting smoke to mitigate environmental pollution issues. Additionally, the Motorway police were mandated to take action against crop…
British-Pakistani Philanthropist Awarded CBE by King Charles
Asif Rangoonwala, a British-Pakistani philanthropist and entrepreneur, has been bestowed with the Commander of the British Empire (CBE) honor by King Charles III. Recognized in the King’s Birthday Honours List 2024, Rangoonwala serves as the vice chair of the British Asian Trust (BAT), a charity supported by the King. “Public service is a legacy I inherited from my parents as they were devoted to helping others and social causes,” he stated. He added that “hundreds of Pakistanis in the UK are doing a magnificent job and they deserve more recognition.” Rangoonwala, who also leads multiple companies from his Central London…
FTO Orders FBR to Destroy Confiscated Currency, Gold, Arms, Cigarettes, Drugs in Its Possession
Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately dispose of (auction) or destroy confiscated goods including currency, gold, silver, precious stones/antiques, arms/ammunition, narcotics, cigarettes and liquor/banned drugs etc. The FBR data revealed that out of a total number of 3451 lots pending un-disposed at this point in time and according to the reasons intimated by FBR, 555 lots are pending being under litigation at different legal/quasi judicial foras. This alarming pendency in cases of delay in disposal of lots or confiscated goods awaiting destruction leads to clogging and congestion at the port areas as…
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