Articles for tag: FBR, income tax, Latest, reduction, tax base, taxpayers

March 1, 2024

Islamabad: The caretaker government has failed to broaden the tax base, with the number of income tax filers shrinking by 35% to just under 3.9 million compared to last year, amid challenges to meet monthly tax collection targets. The caretaker government, whose rule has now effectively ended with the swearing in of the new National Assembly, has also remained unable to tax retailers, nor has it been able to suspend the mobile phone connections of those who do not file income tax returns. It was hoped that, unlike the politicians, the technocrats would move against the powerful retailers. Sources told

February 20, 2024

News Desk

Business

Swedish company on the verge of making environmentally friendly steel with a 95% reduction in CO2 emissions.

H2 Green Steel’s ambitious project marks a paradigm shift in an industry often seen as a “real bad boy” in environmental terms Steel produced at the ArcelorMittal facility in Ghent, Belgium. The company uses a carbon capture technology to convert exhaust gases such as CO2 into ethanol. — Newsweek In a pioneering move towards a greener future, H2 Green Steel, a Swedish company, is on the verge of building the world’s first commercial-scale steel mill capable of reducing CO2 emissions by 95 percent. Newsweek revealed. The key lies in an innovative process that swaps the traditional coal-heavy coke for hydrogen,

February 4, 2024

News Desk

Business

There is no room for price reduction

PADALARANG: Indonesia’s central bank has room to cut interest rates this year to boost economic growth, but expects the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global situation is in disequilibrium, the rupiah may weaken and inflation may spiral out of control,” he told a media gathering. He said global economic fragmentation caused the imbalance. Bank Indonesia (BI) raised its key interest rate by 250 basis points from August 2022 to October 2023 to 6% to ensure the stability of the rupiah and keep inflation under control. Warjiyo has repeatedly

January 22, 2024

News Desk

International

Canada implements major reduction in foreign student visas amid housing crisis

International students play a critical role in improving Canada’s social, cultural and economic landscape People walk on the grounds of the University of Toronto in Toronto, Ontario, Canada, September 9, 2020. Picture taken on September 9, 2020. —Reuters Canada has announced a substantial reduction in the issuance of international student permits, aimed at addressing the housing crisis and resource distribution challenges. According to the Canadian government press release, with the number of international students reaching approximately 360,000, the government seeks to stabilize overall growth while maintaining the integrity of the education system and basic services. International students play a critical

December 17, 2023

News Desk

Business

Despite the reduction, oil prices are still higher

KARACHI: Hyderabad Chamber of Small Traders and Small Industries president Muhammad Farooq Shaikhani has lauded the government’s decision to reduce the prices of petroleum products, stating that this step will help to moderate the wave of inflation in the country. He said the announcement made on Friday by the Finance Ministry, on the recommendation of the Petroleum and Natural Gas Regulatory Authority (Ogra), to reduce petrol prices by Rs 14 per liter and high speed diesel prices by Rs 13.50 per liter “is welcome news for both the business community and the public,” it said in a press release issued

November 26, 2023

News Desk

Business

The IMF sees $8 billion in debt reduction over two years

Islamabad: The International Monetary Fund (IMF) has projected that Pakistan’s external debt may remain at around $131 billion by June 2025 – about $8 billion less than previous projections – due to reduced debt servicing needs and the relative lower current account deficit. Sources told The Express Tribune that the global lender has revised down its external debt projections for two financial years – the current financial year 2023-24 and the next financial year 2024-25. These revisions were made at the time of the first program and are subject to review by IMF management. These assessments will be further reviewed

35% reduction for taxpayers

Swedish company on the verge of making environmentally friendly steel with a 95% reduction in CO2 emissions.

There is no room for price reduction

Canada implements major reduction in foreign student visas amid housing crisis

Despite the reduction, oil prices are still higher

The IMF sees $8 billion in debt reduction over two years

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea