10 Facts

08/08/2022

BIRMINGHAM: The gold delivered in record-smashing style, a 56-year medal drought in track and field for Pakistan at the Commonwealth Games ended, Arshad Nadeem sank to his knees and prostrated.

This meant a lot. This was incredible. Against all the odds, without his coach and with his throwing elbow heavily taped due to injury, Arshad won the javelin throw final at the Alexander Stadium with a monster 90.18-metre throw on Sunday evening.

Achieving that distance in his fifth throw, he came on top in a field that included world champion Anderson Peters, former Olympic champion Keshorn Walcott and former Commonwealth and world champion Julius Yego.

01/08/2022

Yamaha YB125Z (Red/Black) price has seen a massive jump of Rs. 18,000 and now it will cost Rs. 273,000 as compared to old rate of 255,500.

10/07/2022

03/07/2022

The Pakistan Petroleum Dealers Association (PPDA) on Sunday announced that it will be going on a nationwide strike as of July 18, shutting down petrol stations all over the country, in the wake of rising oil prices.

The PPDA chairman Abdul Sami Khan, in a statement, said that it was not possible to continue petroleum sales at the current rate. He announced that petrol pumps will remain closed following July 18 until the margin on petroleum products is increased.

The statement was issued after an emergency meeting was called by the PPDA where it was decided that a minimum commission margin of six per cent was required for the stations to continue operating.

The officials lamented that the current margin of 3.5 per cent was not sustainable.
Source: https://tribune.com.pk/story/2364478/petroleum-dealers-threaten-shutting-down-stations-in-protest

26/06/2022

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan announced on Saturday that his party would organise a power show in Islamabad’s Parade Ground and begin nationwide protests against rising inflation and amendments in the NAB law from July 2.

The former premier lashed out at the “imported government” for its bid to turn Pakistan into a “banana republic”, saying the amendments in the anti-graft body’s laws would drive the country towards destruction as Rs1,100 billion of public money looted by the corrupt mafia has been pardoned through the amendments.

Addressing people through a live broadcast on Saturday, the PTI chairman said that the current rulers wanted to silence people by spreading fear among them but urged the masses to “break the idol of fear” and come out against the imported government for the sake of the future of their children, as “thieves” were hell-bent on destroying everything.
Source: https://tribune.com.pk/story/2363299/imran-announces-anti-govt-rallies-in-major-cities-on-july-2

26/06/2022

Ghee manufacturers have whooped in profitable delight over making more than Rs300 billion by jacking up rates on account of price-hike of international edible oil, petroleum products and dollar fluctuation in six months from Jan-June 2022.
To satiate their hunger for making extra buck, they keep shifting the burden on to consumers on one pretext or the other but never lower ghee prices no matter edible oil and petroleum products’ rates drop or dollar gets stable. In the international market, the price of RBD Palm oil price from Jan 1, 2022 to June 24, 2022, ranged between $1312/ton and $1495/ton while it touched a maximum of $2048/ton on March 2.
The ghee manufacturers made extra profits with the increase in international RBD Palm oil price by linking the hike to domestically produced items. The cycle of import is normally 30-45 days. In case, an L/C (Letter of Credit) for a RBD Palm oil consignment opened on Jan 1, 2022, is likely to have delivery in next 30-45 days (from Feb 1 to Feb 15, 2022.
The manufacturers, who opened L/Cs in January at $1315/ton, should have sold ghee/cooking oil produced from it at the import price but the situation was otherwise. They instead of selling it at import price sold it at $1450-1570/ton rates. Thus, they made almost $255/ton extra money.
Average monthly consumption of ghee/cooking oil in Pakistan is around 350,000 ton. The industry gets Rs150/kg extra profit each month by jacking up rates on account of international RBD Palm Oil, POL price-hike and dollar fluctuations. Thus, it earns an extra profit of Rs150,000 on per ton and the figure touches Rs52 billion on 350,000 ton.
The ghee manufacturers kept on increasing prices during the last six months without fear besides demanding the government reduce duty/tax rates to help bring down the rates of ghee/cooking oil.
Now, RBD Palm Oil prices in the international market are on the decline. But the manufacturers are still following the same formula they adopt while increasing ghee/cooking oil prices. Rather, they claim that ghee/cooking oil being sold in the domestic market is produced on costly RBD Palm oil.
When contacted, Pakistan Vanaspati Manufacturers Association Chairman Tariqullah Sufi said that the local ghee/cooking oil prices had already started declining. He said the prices had gone down from Rs6 to Rs8 per kilogram in the last few days. He, however, made it clear that the prices of ghee/cooking oil would not come to the previous rates. Replying to a question about justification for the price-hike despite a decline in RBD Palm oil prices, he said the situation would normalise in 15-20 days. The RBD Palm oil prices will come to January 2022 level, he said, adding that it will not impact the domestic price. “If the price of one thing goes up in Pakistan, it never comes down again,” he remarked.

24/06/2022

Pak Suzuki Motor Company (PSMC) has reportedly decided to discontinue one of its top-selling cars, Cultus. According to reports, Cultus will be officially discontinued in the coming months.
Reports state that the sales of Cultus were affected by the sales of Alto and Swift, with the company aiming to promote Swift more actively and increase the sales of Alto.
Data from the Pakistan Automotive Manufacturers Association (PAMA) shows that PSMC sold over 9,800 units of Alto in March this year. The number dropped to 5,000 in April. The sales slightly rebounded to around 5,400 in May.

24/06/2022

KARACHI: The Higher Education Commission (HEC) has asked the vice-chancellors (VCs) of the public universities to promote the consumption of local drinks such as lassi and sattu as this will “increase employment and generate income for the public” amid the ongoing financial crisis in the country.

HEC acting chairperson Dr Shaista Sohail, in a circular, drew the VCs' attention to the financial crisis confronting Pakistan and asked them to take a “leadership role and think of innovative ways to provide relief to the lower-income groups and the economy as a whole”.
Source: https://www.thenews.com.pk/latest/968872-financial-crunch-promote-lassi-and-sattu-hec-tells-vcs

24/06/2022

KARACHI: Pakistani athletes have won three more medals — one silver and two bronze — on Friday to finish in overall third position in the fourth Mas-Wrestling World Championship in Russia.

According to Nawab Furqan Khan, the president of the Pakistan Mas-Wrestling Federation, Pakistan’s Ali Azhar had to settle for the silver medal in the 70 kg weight category after going down against Russia’s Nikanorov Valery in the final.

Two other athletes — Muhammad Alam and Shiraz Ali — ended their campaign with bronze medals in their respective categories.
Source: https://www.geo.tv/latest/424301-pakistan-secure-three-more-medals-in-fourth-mas-wrestling-world-championship

20/06/2022

LAHORE (Dunya News) - The Punjab government on Monday set Rs 3.62 billion target for traffic rules violation fine for the next financial year.

An increase of Rs20 crore has been made in the target as compared to the current financial year.

In the case of e-challan, a target of 40 crore challans has been set. While, a target of Rs68.98 crore has been set for driving license fees.

The traffic police department will have to collect Rs6.3 billion in all fines and fees.

Source: https://dunyanews.tv/en/Pakistan/656747-Punjab-government-sets-Rs3-62-bn-target-for-traffic-rules-violation-fine

19/06/2022

ISLAMABAD:
Senate Standing Committee on Finance has approved 100 per cent increase in the vehicle registration tax for non-filers and directed the Federal Board of Revenue (FBR) that whatever legislation is done should be brought in the form of a bill and not through ordinances.
The Senate panel met under the chairmanship of Saleem Mandviwalla on Saturday. The meeting was attended by senators Sadia Abbasi, Talha Mehmood, Zeeshan Khanzada, Anwarul Haq Kakar besides FBR Chairman Asim Ahmad and member policy and other officials.
The FBR officials revealed that Pakistanis will have to pay one per cent capital value tax (CVT) on their declared property in Dubai, London and New York.
The FBR plans to raise Rs10bn by levying 1pc capital value tax (CVT) on liquid foreign assets of Pakistanis, another Rs8bn from 1pc CVT on foreign immovable properties of Pakistani residents and another Rs10bn from an increase in advance income tax on luxury vehicles above 1600cc.
The committee chairman directed the FBR officials that whatever legislation is done should be brought in the form of a bill and not through ordinances.
The FBR chairman while briefing the meeting maintained that the issue of Pakistan Pharmaceutical Manufacturers Association (PPMA) refunds had been resolved. The PPMA representative told the committee that the refunds had not been made for the last four-and-a-half-months.
The FBR officials noted that the vehicle registration tax for non-filers had been increased by 100 per cent. Mandviwalla suggested that small vehicles whether owned by filers or non-filers should not be taxed.
Opposing the stance, the FBR chairman maintained that they wanted to “document the economy” and approved 100 per cent increase in vehicle registration tax for non-filers.
He further said that a non-filer would have to pay five per cent tax on the purchase of a property.
The FBR officials further observed that flying allowance for a pilot had been included in his salary. Earlier, the flying allowance was taxed at 7.5 per cent.
The committee chairman objected to the point, saying the salary of a pilot was already taxed. The panel opposed taxation by merging flying allowance into the salary.
The revenue board representatives said that the exemption of capital gains tax on property was being withdrawn for retired and serving army employees. The exemption was also being revoked for the government employees. The recommendation was approved by the committee.
The Senate body was told that the Supreme Court tax fund had been exempted from tax. Senator Sadia said it was not the apex court but the government’s job to increase the water reserves.
The FBR officials said that private NGOs including some foreign ones were already exempted from tax.
The standing committee reviewed the recommendations forwarded by the departments concerned regarding income tax, sales tax and customs tax in the Finance Bill 2022. It also deliberated on the suggestions about Islamabad Capital Territory Ordinance.
Source: https://tribune.com.pk/story/2362289/100-increase-in-vehicle-registration-tax-approved

18/06/2022

Last Friday, this old man gave away free petrol worth Rs. 700/- to 90 people who couldn't afford daily fuel due to rising prices at Orangi Town 5 number. The old man approached the pump owner and asked to fill the fuel tank of deserving rickshaw and bike drivers who couldn't afford expensive fuel, he was holding a pen and paper with which he was counting the people receiving the fuel. People of Karachi are always helpful to each other, salute to this old man.Last Friday, this old man gave away free petrol worth Rs. 700/- to 90 people who couldn't afford daily fuel due to rising prices at Orangi Town 5 number. The old man approached the pump owner and asked to fill the fuel tank of deserving rickshaw and bike drivers who couldn't afford expensive fuel, he was holding a pen and paper with which he was counting the people receiving the fuel. People of Karachi are always helpful to each other, salute to this old man. .

17/06/2022

McDonalds Pakistan announced that it will no longer be serving medium and large fries — only regular ones with adjusted prices for medium/large meals.
The company cited a “supply chain issue” but it did not pacify the hungry Pakistanis.
McDonalds was introduced in Pakistan in 1998 and ever since it has remained popular for its fresh and crispy french fries. As we type this, we can only imagine picking up their iconic red box with the world-famous yellow arches on the front that encase a generous amount of stiff golden sticks of goodness.
One can barely wait to dig in and hear the satisfying crunch as you bite through the crispy outer layer, with salt so generously tossed that you can feel it leaping onto your tongue with every bite you take, and finally melt away with the fluffy, soft inside. McDonalds fries are warm, satisfying, and the reason for half the traffic near Karachi’s Seaview on any given weekend evening.

17/06/2022

Congratulations Pakistan, Pakistan has been removed from the FATF gray list,I just want to say thanks imran khan,All credit goes to the our kaptan and PAKISTAN 🪖🗡️⚔️

After 4years

17/06/2022

Govt Removes Ban on Mobile Phone Parts Import

17/06/2022

England made history by scoring 498-4 against the Netherlands, which is the highest team total in men's ODI history in the first fixture of the three-match series at VRA Cricket Ground on Friday.
In Amstelveen, Phil Salt, Dawid Malan, and Jos Butler unleashed havoc by smashing centuries to help England achieve the milestone of the highest team total in ODIs
Eoin Morgan's side beat their own mark of 481-6 set against Australia at Trent Bridge in 2018, in the first match of the three-game series.
Buttler, who finished on 162 not out, plundered his ton off just 47 balls — missing his own record for the fastest England century by just one ball — while Salt and Malan also made three figures.
Liam Livingstone, batting at number six, made the fastest 50 in England´s ODI history off just 17 balls — the joint second-fastest of all time

14/06/2022

he local currency dipped to an all-time low against the greenback owing to a delay in the revival of the International Monetary Fund's (IMF) $6 billion loan programme.

However, $2.4 billion in financial assistance from China coupled with the constant assurances by Finance Minister Miftah Ismail regarding economic stability slightly arrested the rupee’s slide.

Today’s rupee decline was in line with the expectations of the market, with dealers anticipating the domestic currency to fall further in case Pakistan fails to convince the IMF about its budget proposals.

A day earlier, the Fund had said that additional measures will be needed to bring Pakistan's budget for the next fiscal year 2022-23 in line with the key objectives of its IMF programme.
Source: https://www.thenews.com.pk/latest/966107-rupee-free-fall-continues-on-imf-tranche-uncertainty

14/06/2022

D.G. Khan Cement Company is in process to ship 50,000 tons of cement to the US, reported Bloomberg on Tuesday, a welcome development for Pakistan that is desperately seeking an increase in exports in the face of a widening trade deficit that has pushed the rupee to record lows.
Company CFO Inayat Ullah Niazi stated that a ship was currently loading cement at a port in Karachi for delivery to Houston, added the report.
The development comes at a time when the country's exports registered negative growth of 10.22% on a monthly basis in May 2022, clocking in at $2.6 billion from $2.897 billion in April 2022, according to latest figures released by the Pakistan Bureau of Statistics (PBS).
D.G. Khan Cement, one of Pakistan's largest cement makers, posted a 26% higher profit during the nine-month period that ended March 31, 2022 with earnings amounting to Rs4.1 billion. The company had posted earnings of Rs3.25 billion in the same period of 2020-21.
In 2020, DG Khan Cement won orders for export of cement to the Philippines.
Meanwhile, in a report published earlier, JS Global analyst Muhammad Waqas Ghani stated that continuously rising coal prices and rupee depreciation have led to the procurement of coal at higher rates by cement manufacturers, requiring them to raise domestic prices by Rs40 per bag during the last few weeks.
With an almost 50% (Rs300 per bag) increase in the last 12 months, further price increments would be needed to neutralise the coal cost impact, if prices remain elevated, added Ghani.
"If coal prices stay at these high levels, 4QFY22 profitability will likely be impacted given higher average cost of coal inventory."

14/06/2022

n light of Pervez Musharraf’s ailing health, Director-General Inter-Services Public Relations (ISPR) Major General Babar Iftikhar said Tuesday the military leadership believes that the former army chief should return to Pakistan.

The military’s spokesperson, during an interview with a private television channel, said the final call for the return of the ex-president — who resides in the United Arab Emirates — to Pakistan would be made by his family.

“We have contacted his family. Once his family responds, we can make the required arrangements,” the military’s spokesperson said as he prayed for Musharraf's speedy recovery.

Defence Minister Khawaja Muhammad Asif also said last week he believed that no hurdles should be placed if the former dictator wanted to come back to Pakistan.

Musharraf, 78, is critically ill these days as he is suffering from a condition called amyloidosis, his office said Friday.

Last week, the All Pakistan Muslim League (APML) — the political party established by Musharraf — said that he was taken back to his residence after three weeks of being admitted to the hospital, refuting the news of his death or him being on a ventilator.
Source: https://www.geo.tv/latest/422474-leadership-believes-mushrraf-should-return-to-pakistan-dg-ispr

12/06/2022

According to the current market situation and medium-term outlook, published by the Food and Agriculture (FAO) of the United Nations, Pakistan is among the seven countries where per capita consumption of tea has been increased.
Pakistani consumed Tea worth Rs. 83 Billion in 2021-22
Global tea consumption and production are projected to keep rising over the next decade, driven by robust demand in developing and emerging countries. This will create new rural income opportunities and improve food security in tea-producing countries, according to the FAO report.

12/06/2022

ISLAMABAD: The International Monetary Fund (IMF) is still unhappy with the government over the budget, mainly because they did not implement the Personal Income Tax (PIT) measures suggested by it, revealed Finance Minister Miftah Ismail Saturday.

Addressing the post-budget news conference at P-Block Auditorium, Ismail said there was no development on the IMF front at the moment.
Source: https://www.geo.tv/latest/421965-imf-unhappy-over-non-implementation-of-its-income-tax-proposals-miftah-ismail

12/06/2022

Pak Suzuki Motor Company Limited has launched a limited edition of Mehran VX.
“We are pleased to introduce Mehran VX limited edition with AC features to offer customers at retail price of Rs825,000,” read a notice the company sent to its dealerships across Pakistan on February 14.
According to the circular, limited stock of the car, in colours of white, silky silver and graphite is available with the company.
However, the company had issued another circular in July 2018, which said that it was going to discontinue the variant from November 2018 because of diminishing demand of VX model as compared to VXR, which is in demand.
But, the company would gradually discontinue all variant of Mehran as new vehicles with modern technology and competitive price are coming into the market.
Pak Suzuki produced Mehran to replace its FX in 1988 and since then it has not introduced any major changes in Mehran. However, the company upgrade Mehran to Euro II in 2012. On the other hand, Mehran achieved the most localisation, 72% in about 30 years. The Japanese auto giant is expected to replace Mehran with Alto 660cc engine in April 2019

11/06/2022

Punjab Police will train the students to familiarize them with the working of the policing system and to gain professional experience to help them in the future. The students will also project a soft image of the police to bridge the gap between the public and police.
Source: https://propakistani.pk/2022/06/11/punjab-police-to-hire-university-students-as-interns/

11/06/2022

The number of donkeys country has increased by 100,000 during the year 2021-22, reveals the Economic Survey of Pakistan.
The total estimated population of donkeys has surged to 5.7 million in 2021-22 while it was stoond at 5.6 million in 2020-21, said the survey.
The survey, which sheds light on the performance of the government in previous fiscal year, shows livestock contributed approximately 14 percent to GDP (Rs5,441 billion) during the outgoing year.
“Animal husbandry is the most significant economic activity of the dwellers of rural areas of Pakistan,” said the official document.
“More than 8 million rural families are engaged in livestock production and are deriving around 35-40 percent of their income from this sector,” it added.
According to estimated population of livestock, the population of cattle witnessed an increase of 1.9 million to reach 53.4 million while the estimated population of buffaloes is 43.7 million in 2021-22.
Meanwhile the population of sheep and goats have increased to 31.1 million and 82.5 million, respectively, while the no surge was witnessed in population of camels, horses and goats.

11/06/2022

Recently, the Sindh government announced to start the process of hiring the Intern Teachers for the Higher Secondary SChools. During a meeting of the Sindh Cabinet, the govt approved to h**e the 1500 subject specialists for different subjects. The government announced to start the hiring procedure for teachers to overcome the shortage of teachers for Intermediate classes. So, now these internees will be hired in the Higher Secondary schools for the 11th and 12th classes students.
Source:https://fsconline.info/sindh-govt-to-hire-1500-intern-teachers-for-intermediate-classes/

09/06/2022

KPK Achieves Highest Literacy Growth Rate among all provinces.
Literacy rate gone up in all provinces, Punjab (66.1 percent to 66.3 percent), Sindh (61.6 percent to 61.8 percent), Khyber Pakhtunkhwa (52.4 percent to 55.1 percent) and Balochistan (53.9 percent to 54.5 percent).
In total, 55.7 million enrolments were recorded as compared to 53.1 million during 2018-19, showing an increase of 4.9 percent. It is estimated to increase to 58.5 million during 2020-21.
The number of institutions recorded at 277.5 thousands during 2019-20 as compared to 271.8 thousand during 2018-19. However, the numbers of institutions are estimated to increase to 283.7 thousand in 2020-21.
During FY2022, the Government initially allocated Rs 42.450 billion to HEC for implementation of 168 development projects (128 ongoing & 40 new approved projects) of Public Sector Universities/HEIs. However, later on, the PSDP FY2022 was rationalized/curtailed by Government to Rs 32.338 billion. During FY2022 (July-April), Rs 24.242 billion around 62 percent of the funds allocation) has been released to HEC/Public Sector Universities/HEIs for meeting expenditure against ongoing projects for various activities.

06/06/2022

Xiaomi has launched a power-saving air conditioner aptly named the Giant Power Saving Pro. The AC is only available in China for now but should arrive in other markets later.
The Giant Power Saving Pro 1.5HP is capable of super-fast cooling with the ability to cool a room within 30 seconds. It is a dual-purpose AC that supports temperatures as low as -32C and goes all the way up to 60C. It is suitable for rooms sized up to 20 square meters. It also has better power saving than the previous models.
Source: https://propakistani.pk/2022/06/06/xiaomis-power-saving-ac-claims-to-cool-your-room-in-30-seconds/

06/06/2022

The federal government is considering over a proposal to increase tax on income made through social media platforms including TikTok, YouTube and other apps.
According to well-placed sources, the coalition government is mulling over a proposal to hike income tax on income generated through online gaming, TikTok, YouTube and other social media platforms.
The authorities are also considering a proposal to hike income tax on income of over Rs1 million per annum, they added.
The development took place amid tough conditions imposed by International Monetary Fund (IMF) to secure a $1 billion tranche from the international lender.
The sources say that IMF has placed tough conditions for resumption of its program and has asked the Shehbaz government to reduce income tax credits and allowances.

06/06/2022

Amid reports of prolonged power outages in the country, former prime minister and Pakistan Muslim League-Nawaz (PML-N) leader Shahid Khaqan Abbasi on Monday said that the power load-shedding would be reduced to 3.5 hours from Tuesday (tomorrow).

"After June 30, there will be no load-shedding of more than two hours. Today, we need to produce 25,000 megawatts of electricity but we're only producing 21,000MW," he said while addressing a news conference alongside other PML-N leaders in Islamabad.

Abbasi said that from Tuesday, there will only be 3.5 hours of power outages in the country and from June 16, the period would be reduced to three hours.
Source: https://tribune.com.pk/story/2360291/power-load-shedding-to-be-reduced-to-35-hours-from-tomorrow-abbasi

05/06/2022

04/06/2022

The counsel for the Federal Investigating Agency (FIA) confirmed to a special court in Lah**e on Saturday that the agency wanted to arrest Prime Minister Shehbaz Sharif and his son, Punjab Chief Minister Hamza Shehbaz, in a Rs16 billion money laundering case.

The counsel's confirmation was in response to presiding judge of the Special Court (Central-I) Ijaz Hassan Awan's query on whether the FIA wanted to arrest the father-son duo in the case against them and their family.

Both PM Shehbaz and Hamza, whose interim was extended till June 4 at the previous hearing, appeared before the court today.
Source: https://www.dawn.com/news/1693085/counsel-says-fia-wants-to-arrest-pm-shehbaz-hamza-in-rs16bn-money-laundering-case

02/06/2022

The prices of petrol and diesel have once again been increased by Rs30 per litre each, with the change set to take effect from 12 midnight.
The price of petrol, with the increase, is now set at Rs209.86 while that of diesel at Rs204.15.

02/06/2022

The prices of petrol and diesel have once again been increased by Rs30 per litre each, with the change set to take effect from 12 midnight.

The increase in the prices of the utility was announced by Federal Finance Minister Miftah Ismail while addressing a presser in Islamabad Thursday evening.

The price of petrol, with the increase, is now set at Rs209.86 while that of diesel at Rs204.15.

The Pakistan Muslim-League (PML-N) senior leader at the same time announced that the government had not decided to increase the price of electricity as yet.

29/05/2022

Congress leader & talented artist, ’s murder has come as a shock to the entire nation. Deepest condolences to his family & fans.

Punjab govt should have done a thorough review before withdrawing his security cover.

30/12/2021

Punjab Govt Bans Fireworks and Concerts on New year's Eve.
News Source: https://arynews.tv/new-years-eve-punjab-govt-bans-concerts-fireworks/

13/08/2021

12/08/2021

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