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Articles for tag: ban, diplomat, German, halts, Import, Pakistan, plant, Volkswagen, work

December 30, 2023

News Desk

Import ban halts work at Volkswagen plant in Pakistan: German diplomat

The German consul says it is not clear whether Volkswagen will further pursue the project in Pakistan or not View of the warehouse tower of the electric identity of the German car manufacturer Volkswagen. 3 car in Dresden, Germany, June 8, 2021. — Reuters Volkswagen was unable to bring the necessary machinery. The automaker has not yet decided how to proceed with this project. Premier Motors signed an agreement with Volkswagen in 2018. German carmaker Volkswagen’s plan to set up a manufacturing plant in Pakistan has stalled due to an import restriction imposed by the government about 18 months ago.

November 30, 2023

News Desk

IHC halts Rs 35bn tax on banks

Islamabad: The Islamabad High Court (IHC) on Wednesday stayed the government’s decision to impose windfall income tax on commercial banks to recover Rs35 billion after lawyers challenged the powers of the interim body and the constitutionality of the move. The court’s order came a day before the last date for payment of an estimated Rs 35 billion in tax by those commercial banks that had manipulated the value of the foreign currency to make extra profits. Reading: 40% tax on bank windfall profits The Federal Board of Revenue (FBR) is betting on Rs 35 billion in revenue to meet its

November 21, 2023

News Desk

Andrew Flintoff crash halts car show for ‘foreseeable future’

Flintoff settled with the BBC for £9m, dealing with injuries his legal team described as “significantly life-changing”. Paddy McGuinness, Chris Harris and Freddie Flintoff to host Top Gear trio in 2019.—BBC of the BBC Iconic motoring show Top Gear will be off screens “for the foreseeable future” following presenter Andrew “Freddie” Flintoff’s accident while filming last year. The decision to stop the show in the UK was made after Flintoff was injured in a crash at Top Gear’s test track in Surrey, causing the 34th series to be axed. The BBC emphasized her commitment to Flintoff and co-presenters Chris and

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