Allied Rental Modaraba will be delisted from the main bourse with effect from June 26, 2024, Wednesday, Pakistan Stock Exchange announced on Tuesday. “As a result of Demerger of Allied Rental Modaraba (ARM) into Allied Rental Services Limited and Allied Transport & Logistics Limited, and on fulfillment of relevant requirements, Allied Rental Modaraba shall stand delisted from the Exchange with effect from tomorrow i.e. Wednesday, June 26, 2024,” the stock filing stated. It may be noted that the shares of the surviving entities have been issued to the certificate holders of ARM as per the Swap Ratio, the filing added.…
Category: Tech and Telecom
FBR Issues Same Old Complicated Tax Return Form For Salaried Class
The Federal Board of Revenue (FBR) has issued a draft of the electronic income tax return forms for companies, association of persons (AOPs), business individuals, and Salaried Individuals for Tax Year 2024. Astonishingly, the FBR has issued the same old complicated return form for Salaried Individuals despite repeated requests from stakeholders for a simple form for broadening the tax base and expanding the tax net. The FBR has also issued a separate Individual Paper Return for Tax Year 2024. Through an S.R.O. 895(I)/2024 issued by the FBR on Tuesday, the draft of certain further amendments in the Income Tax Rules,…
Govt Takes Back Proposal to Impose Sales Tax on Stationery Items
Finance Minister Senator Muhammad Aurangzeb Tuesday announced that the government is taking back the proposal in the FY25 budget to increase sales tax rates on stationery items. The minister announced this while addressing the National Assembly to conclude the federal budget. It is pertinent to mention here that during its deliberations on the Finance Bill 2024, the Senate Standing Committee on Finance recommended a reduction in the proposed increase in sales tax rates on multiple items, including stationery items such as colored pencils, pencils, and geometry sets. The FBR chairman had also hinted at taking back the proposal to impose…
Gurbaz and Zadran Break Babar and Rizwan’s T20 World Cup Record
Afghanistan openers Ibrahim Zadran and Rahmanullah Gurbaz set a new record for the most runs scored as a pair in a single T20 World Cup edition. The milestone was reached during Tuesday’s thrilling match against Bangladesh in which they triumphed by 8 runs to seal their place in the semifinals of the T20 World Cup. The dynamic duo surpassed the previous record of 411 runs, set by Pakistan’s Babar Azam and Mohammad Rizwan in 2021, by amassing an impressive total of 442 runs. Winning the toss and opting to bat first, Afghanistan posted a score of 115-5 in a rain-affected…
Usman Khawaja Reveals Pakistan Cricket’s Biggest Problem
Australia’s Usman Khawaja opened up about Pakistan’s woeful campaign in the ongoing T20 World Cup and gave his take on Babar Azam’s future as the white-ball captain. While speaking at an event in Melbourne, Usman Khawaja highlighted the importance of stability within the team, a factor he believes has been lacking in Pakistan’s cricket setup. “I have seen that there is no stability in Pakistani cricket, and when there is no stability, it is tough to play as a player in the team,” he remarked. Khawaja emphasized that the ultimate decision rests with Babar Azam, noting, “The decision is on…
Finance Minister Announces 3 Extra Salaries for National Assembly Employees
Finance Minister Senator Muhammad Aurangzeb addressed the National Assembly to conclude the federal budget for the FY25 discussion on Tuesday and announced an honorarium equivalent of three-month salaries for National Assembly employees. The finance minister said that the budget is based on a homegrown plan for reforms through which the government wants to take the country out of the current economic situation. The minister once again highlighted that the government is determined to increase the tax-to-GDP ratio to 13 percent. He also mentioned that the government wants to undertake reforms in the state-owned enterprises (SOEs) and the energy sector. Aurangzeb…
Pakistan Fans With ‘Imran Khan’ Shirts Not Allowed in Stadium During T20 World Cup
During the ongoing 2024 T20 World Cup, an unexpected controversy occurred when security guards asked fans of Pakistani cricketer Imran Khan to remove their shirts. The fans, who had come to enjoy the match, were taken aback by the demand from the security guards, leading to a heated exchange with the security personnel. “Where is it written in the ICC rules or on their website that one cannot wear this shirt?” one fan questioned vehemently. “It is a cricketer’s picture. Why is a cricketer’s picture not allowed in a cricket stadium that is located in the Caribbean?” The frustration among…
Haier S800 LED TV: The Game Changer with Redefined Entertainment
In the realm of LED TVs, Haier has long been known for innovation and cutting-edge technology. The Haier S800 LED TV Series is a testament to Haier’s commitment to redefining the home entertainment and gaming experience. Let’s delve into the remarkable features that set the Haier S800 apart and make it the ultimate choice for tech-savvy consumers and avid gamers alike. Metal Bezel-less design When we talk about the Haier S800 LED TV, the first thing that catches the eye is the stunning Metal Bezel-less design, seamlessly merging form and function. This TV isn’t just a display; it’s a piece…
Another PIA Flight Attendant Disappears in Canada
A PIA flight attendant has gone missing in Canada, adding to the ongoing tally of staff disappearances on the Toronto route, which now stands at 14. Noor Sher, who was part of the crew on flight PK 781 from Pakistan to Toronto, did not show up for his scheduled return flight. According to reports, the missing crew members, both male and female, have sought asylum in Canada. A female flight attendant, currently detained in Toronto, had frequently been assigned to the Toronto route despite specific instructions against it. This raises questions about the compliance and oversight within PIA’s scheduling. The…
HEC Bans Admissions in Illegal Sub Campuses of Universities
The Higher Education Commission (HEC) has prohibited students from enrolling in illegal sub-campuses of private universities, according to a report on Tuesday. HEC has issued an alert identifying both legal and illegal sub-campuses. Out of 109 universities and institutes, HEC has declared only 42 sub-campuses from 20 institutions as legal. The sub-campuses of Rafah University and the National University of Computer and Emerging Sciences in Lahore have been deemed legal. In the alert, HEC cautioned students against enrolling in illegal sub-campuses, advising them not to waste their money and time, as HEC will not recognize degrees issued by these illegal…
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