Tech and Telecom

India stays at top of the Group A of the 2024 T20 World Cup Points Table after a comfortable win against the USA. India won the toss and decided to bowl first against the hosts USA at the Nassau County Cricket Stadium in New York in the 2024 T20 World Cup, a not-so-surprising decision by Rohit Sharma, given the difficult pitch. The Men in Blue showcased their bowling dominance against the USA, restricting them to a modest total of just 110-8. USA’s played a pivotal role, scoring a resilient 27 runs off 23 balls, including two boundaries and a towering…

Pakistan’s star fast-bowler Naseem Shah expressed concerns about the severe weather conditions in Florida, warning that the upcoming match between Pakistan and Ireland on June 16 might be at risk of being washed out. Naseem Shah shared his Instagram story that showcased, heavy storms and continuous rain that have been battering the hotel that is near the Lauderhill venue in Florida and potentially impacting Pakistan’s crucial World Cup fixture. The stakes are particularly high for Pakistan as any interruption or abandonment of the match due to rain could result in their elimination from the World Cup. Babar Azam’s team faces…

Finance Minister Muhammad Aurangzeb on Wednesday unveiled the federal budget 2024-25 with a full outlay of Rs. 18.9 trillion. Here is a list of some of the most critical taxes proposed by the federal government in the federal budget. Income Tax Salaried Taxpayers Income Tax Exemption to be maintained at Rs. 600,000 per annum Slabs being revised Exporters to be taxed under normal tax @ 29% (as against fixed tax @ 1%) Capital Gain on Real Estate & Securities @ 15% for filer and 45% for non-filer Withholding Income Tax on transfer of Immoveable property (separate tax rates for timely…

The federal government has decided to increase the import duty on steel, ball bearings, paper products, etc. in order to enhance local manufacturing, Finance Minister Muhammad Aurangzeb said in his budget speech on Wednesday. By raising import duties on these items, the government aims to make imported steel and paper products less competitive in the local market, thereby giving a boost to domestic producers. It bears mentioning that local steel producers last month had appealed to the finance minister to support the industry. Aurangzeb at the time reiterated the government’s commitment to support the local industry. The post Govt to…

The government has budgeted Rs. 32.612 billion from 4G licenses under the head of non-tax revenue for the next fiscal year of 2024-25 against Rs. 7.597 billion budgeted for the outgoing fiscal year which was later revised upward to Rs. 30.941 billion. According to the budget documents 2024-25, the government has budgeted Rs. 10 billion from the mobile handset levy for the next fiscal year against the budgeted Rs 10 billion for the outgoing fiscal year which was later revised to Rs. 8 billion. Under the head of income from property and enterprise (Pakistan Telecommunication Authority (Surplus), the government has…

Capital Gains Tax (CGT) on securities would be 15 percent on filers irrespective of the holding period and 45 percent on non-filers. According to the Finance Bill 2024, the rate of tax on securities acquired on or after 1 July 2024 will be 15 percent for persons appearing on the Active Taxpayers’ List on the date of acquisition and the date of disposal of securities and at the rate specified in Division for individuals and association of persons and Division II for companies in respect of persons not appearing on the ATL. For those who acquired securities between 1st day…

A Pakistani lawyer named Manzoor Qadir Bhinder has taken his grievances about the national cricket team’s performance to the court in Gujranwala following Pakistan’s defeat against India in the 2024 T20 World Cup. Filing a petition, Bhinder targets high-profile figures, including team captain Babar Azam, the players, and Mohsin Naqvi, Chairman of the Pakistan Cricket Board (PCB). Bhinder’s petition calls for drastic measures, demanding a complete ban on the national team. He argued in the petition for the dissolution of the selection committee. His core argument hinges on the vast amounts of money allocated to cricket annually by the government,…

The federal government has proposed an increase in the maximum petroleum levy on petrol and high-speed diesel to Rs. 80 per liter. According to the Finance Bill 2024, the maximum petroleum levy rate will now be Rs. 80 per liter, an increase of Rs. 20 per liter over the previous rate of Rs. 60 on both petrol and high-speed diesel. The levy on Light Diesel Oil (LDO), High octane blending component (HOBC), and E-10 gasoline will also increase by Rs. 25 per liter to Rs. 75 per liter. It is pertinent to mention here that currently the government is charging…

Pakistan recorded the highest attendance in the FIFA World Cup Qualifier Round 2 Group G matches. The standout match was Pakistan versus Saudi Arabia, held at Jinnah Stadium on June 6. The match drew an extraordinary crowd of 20,124 fans. This event marked a significant moment for football, showcasing the sport’s growing popularity in the region. It resonated with the passion Pakistani football fans possess for the game. Following closely was the Saudi Arabia versus Tajikistan match, held at King Saud Stadium in Riyadh, which attracted 18,756 spectators. The high turnout highlighted the enthusiasm in the country for the qualifiers…

The federal government today announced its Rs. 18.6 trillion federal budget for 2024-25, against a total of Rs. 12.97 trillion in expected revenue in taxes. According to details attained by ProPakistani, the government is set to receive a total of Rs. 12.97 trillion in taxes, while another Rs. 4.84 trillion in non-tax revenues. According to numbers, total tax and non-tax revenues for the federal government will stand at Rs. 17.82 trillion, out of which Rs. 7.44 trillion will go to provinces; leaving the federal government with a fund of Rs. 10.37 billion for its expenses during 2024-25. The government is…