11/10/2017
AUSTRALIA TEAM GOT ATTACKED BY A ROCK IN INDIA
https://goo.gl/QYYn82
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11/10/2017
140 YEARS OLD RECORD BROKEN
https://goo.gl/k1mwBv
10/10/2017
ENTRANCE OF ALIBABA GROUP IN PAKISTAN’S MARKET
Pakistan signed a Memorandum Of Understanding (MoU) with Alibaba group holding limited to promote Worldwide Export of Pakistan by small and medium enterprises (SMEs) through e-commerce.
Alibaba group was founded by Jack Ma in 1999, it is a Chinese E-commerce company.
It provides:
• Consumer to Consumer sales services
• Business to Consumer sales services
• Business to Business sales services
• Electronic payment services
• Shopping search engine
• Data centric cloud computing services.
During the visit of Muhammad Nawaz Sharif to the headquarters of the company the agreement was signed between Alibaba group and Trade Development Authority Of Pakistan (TDAP) by Commerce Minister Khurram Dastagir, President of Alibaba Michael Evans and Senior Vice President of Global Business of Ant Financial Douglas Feagin on behalf of Alibaba.
The parties also agreed to support the online and mobile e-commerce business of small and medium enterprises (SMEs) in Pakistan by adopting cloud computing services.
PM Nawaz Sharif said that Pakistan has immense potential for investors, he said that e-commerce saves time and ends information gaps, he also praised the company’s growing e-commerce.
Jack Ma said that the company provides jobs to 100 million people and it has a consumer base of around 2 billion. Jack Ma said that they have closely followed the the positive economic development in Pakistan and that they are very much interested in investing in the country. Alibaba, Ant Financial and TDAP have also agreed to promote financial services growth by e-commerce in Pakistan. President Michael Evans during the meeting praised the Government Pakistan for its hospitality and warm welcome. He said that “Alibaba is interested in starting its operations in Pakistan and to tap into this high potential market”
The meeting was also attended by Secretary Commerce, Secretary Finance, Secretary and Chairman of Board Investment, Representatives of FBR , Commercial bank, Statebank and other relevant Governmental Departments. Alibaba group entry into Pakistan’s market will lead other tech giants to follow the same path and in this way Pakistan will be seen as a safe country to invest in and it also seems positive and promises a major boost to economy.
09/10/2017
PAKISTANI BOXER WINS A SILVER FLYWEIGHT TITLE IN PANAMA ON SUNDAY.
He defended his title in 2017 from Carlos Melo of Panama. The match consisted 8 rounds but Waseem defeated his opponent in the very first round and won the match.
Muhammad Waseem said “Boxers with short heights can cause trouble but I’m prepared” before the match.
36 years old Carlos melo is an experienced player with 42-bout veteran but Waseem did not seem to care about that as he beat him down in the first round.
Muhammad Waseem is a Pakistani Professional Boxer from Quetta, Pakistan. He competes at the flyweight division of the World Boxing Council (WBC). Waseem has been undefeated in all the 8 fights in his career. He is also known as Falcon Khan for his quick and swift style of boxing.
He was 29 years old when he won World Silver Title on 17, July, 2016 in Korea by defeating Jether Olivia of the Philippine and it was his 4th match of career. Muhammad Waseem has won many national competitions and he has been undefeated for 7 years. He turned professional in 2015 and signed the contract with Korean promoter Andy Kim at AK promotion.
Muhammad Waseem’s Medals:
• Asian Games, Bronze medal 2014- incheon
• Commonwealth Games; Silver medal 2014-Glasgow, Bronze medal 2010-Delhi
• King’s Cup Bangkok, Bronze medal 2009-Bangkok
• World Combat Games, Gold medal 2010-Beijing
• Ahmet Comert Boxing Tournament Bronze medal 2010-Istanbul
• South Asian Games Silver medal 2010-Dhaka
• President Cup Jakarta, Bronze medal 2011-Jakarta
• Shaheed Benazir Bhutto International Boxing Tournament, Gold medal 2011-Islamabad
Muhammad Waseem doesn’t get a lot of appraisal from his country but he still continues to win despite of going unnoticed.
09/10/2017
PAKISTAN RETAIL MARKETS TO TOUCH THE SKY
Retail is the sale of goods and services from businesses to an end user called a customer. It is the process by which retailers promote awareness and interest of their goods and services in an effort to generate sales from their consumers. Pakistan’s retail market is currently growing very fast. According to Euro monitor is it predicted that the market will keep expanding by 8.2% each year till 2021 as disposable income has doubled since 2010.
“We have a new millennial shopper at hand. They don’t mind spending to have the kind of lifestyle they would like,” said Shabori Das, senior analyst at Euro monitor..
Das said “Pakistan is mirroring what India went through about 4 years ago. Both countries have young populations with more income and less inclination toward saving which is a distinct difference to what retailers elsewhere are dealing with.”
Three big malls were opened in Pakistan in past few years, Lucky one mall in Karachi and Emporium and Packages Mall in Lahore. Pakistan’s retail market is expected to increase up to 50% in 5 years till 2021. Shoppers are driven to spend up big by cheap consumer prices, improved security and commercial expansion. Euro monitor also said that the Pakistan’s size of middle class is expected to surpass U.K and Italy in coming years. It also says that young people spend more rather than save.
Pakistan’s retail sector is estimated to be £125 billion, the third largest contributor to the economy after industry and agriculture. Improved employment ratio to the population is also a factor for the retail market growth..
Foreign franchises are also attracted to Pakistan such as Turkish home appliances maker, Arcelik AS and Dutch diary giant royal Friesland campina NV entered last year in the market via acquisitions.
Chief Executive Officer of LXY Global Yousaf Jamshed said that “Though the retail sector is expanding rapidly, however the market still needs maturity which would come through introducing the same culture in second and third tier cities”
Economist DR Qais Aslam noted that “People normally opt for such retail centres and malls to boast rather than to fulfill their needs” he added that this trend is likely to increase as better infrastructure and it’s also meant to attract foreign investments. This may allow the economy to grow but small retail business who are unable to maintain quality will suffer.
01/10/2017
INCOME TAX RETURNs FILING DATE EXTENDED TO 31st OF OCTOBER
The Government has extended the date of income tax filing till October 31st. The previous deadline for the payment of income tax was September 30th and now it is pushed to a whole month of October.
The ministry of finance said, “The due date for filing income tax returns and various reports of audit prescribed under the income tax act 1961 has been extended from 30th September to 31st October 2017 for all tax payers who were liable to file their income tax returns by 30th September 2017”
By the end of September 29 2017, the Federal Board Of Revenue received a little over 200,000 returns. Only. 1.2 million out of 4.3 million registered people filed their income tax in the last year which shows weak enforcement. The failure of FBR’s income tax policy in timely finalising the return forms is the reason for low number of returns.
Pakistan faces an annual loss of 3.2 trillion tax due to low compliance by tax payers.
You can E-file your income tax returns by following instructions:
• Register yourself on the income tax department online filing
tax site.
• You can choose the quick e-file option to fill the form or
save the form and fill it offline and then upload it later.
• You can select the requisite forms; ITR-1 for the
individuals earning salary, pension or income from
property. ITR-2 for those earning capital gains. ITR-2A for
those who own more than one houses but no capital gain
and ITR-3,4 & 4s is for professionals and business owners.
• Fill the form and submit it or upload.
01/10/2017
A BATTLE OF COMEBACKS BETWEEN PAKISTAN AND INDIA
The 72nd session of UNGA (United Nations General Assembly) commenced at the headquarters of UN on 12, September, 2017. And The general debate opened on 19, September, 2017. The debate focused on the theme of “Focusing on people: striving for peace and a decent life for all on a sustainable planet”
Shahid Khaqan Abbasi, (the president of Pakistan and a member of National Assembly since 2008) spoke about how Middle East is wracked by war and violence and how it has spread and intensified across it. He talked about the tragedy of Palestine, Syria, Rohingyas and many more oppressed countries. He also spoke about the brutal occupation of Indian forces in Jammu and Kashmir.
“Shahid Khaqan Abbasi speaking on the 72nd session of UNGA at the UN headquarters”
His words were,
“Unfortunately Pakistan has faced unremitting hostility from its eastern neighbour. India refuses to implement the unanimous resolutions of the UN Security Council which mandate a UN supervised plebiscite to enable the people of Jammu and Kashmir to freely decide their destiny. Instead India has deployed nearly 700,000 troops in occupied Kashmir to suppress the legitimate struggle of the Kashmiris to exercise their right to self-determination. This is the most intense foreign military occupation in recent history”
India is and has been suppressing Kashmir people by shooting at children, women and youth. Hundreds of Kashmiris have been killed and injured by the shotguns pellets, it has blinded and maimed thousands of children and women. PM Abbasi said that International communities should call on India to stop the pellet gun attacks and other type of violence and to stop the use of r**e as and instrument of state policy, and to free all Kashmiri political leaders and end media blackouts.”
THE INDIAN REPLY TO PM SHAHID KHAQAN ABBASI:
“Eenam Gambhir speaking at the UNGA 2017”
First secretary in the permanent mission of India to the United Nations, Eenam Gambhir accused Pakistan of providing safe havens to global terror leaders and protecting them with political careers. She called the Pakistan a land of terror and terroristan. She said that Pakistan will have to understand that Jammu and Kashmir is and will always be an integral part of India. She said that it is extraordinary that the state which protected Osama Bin Laden and sheltered Mullah Omar should have the gumption to play the victim.
She made a lot of accusations on Pakistan about “avaricious efforts to cover the territories of its neighbours”
People’s reaction to UNGA: Kashmir
01/10/2017
BE A FUEL SAVER!
The (OGRA) Oil Gas Regulatory Authority recommended an increase in prices of petroleum products on Friday for October on monthly price revision part. This decision was taken by Prime Minister on Saturday. The increased petroleum product price went up by Rs: 2.24 for October.
People of Pakistan always find a way to remain happy in difficult situations and to find this type of happiness, they will have to go through the increased prices of petroleum products and they will have to accept the monthly changes of the petrol prices.
Over the years Government has burdened the petroleum consumers with high prices and taxes, keeping in mind that petrol is highly important for small and heavy vehicles. According to (OGRA) the financial year 2015-2016 was worst for oil consumers in Pakistan because they paid the highest rate of sales tax on HSD purchase which is “High-speed diesel” that is now increased by Rs: 0.70, light diesel oil by Rs: 12 and kerosene oil by Rs: 15
Petroleum prices causes major impact on both the Economy of Pakistan and on the general public. However the proposed prices by OGRA are based on international market of Gas and Oil and its current position of up and down.
Keeping the prices of petroleum in mind someone quoted that; “The way petrol prices are increasing, it shall eventually be cheaper to just hire people to push your car”- Anonymous. Why are we waiting for something like this to happen to us? We should do something about it and stop being crushed beneath the high prices and save ourselves.
30/09/2017
PETROL PRICE GOES UP BY Rs2 A LITER
Federal government has announced the prices of petroleum products for the period starting from 1st October 2017 until midnight on 31st October 2017.
According to details available with Tabloid, the price of petrol (RON 92) is increased by Rs. 2 per liter, while prices for High Speed Diesel and Light Diesel Oil are also increased by Rs. 2 per liter.
Price for Kerosene oil is increased by Rs. 4 per liter.
New prices for fuels are as following:
MS 92 RON Petrol: Rs. 73.50 / Litre
High Speed Diesel (HSD): Rs. 79.40 / Litre
Light Diesel Oil (LDO): Rs. 46.00 / Litre
Kerosene Oil: Rs. 48.00 / Litre
These new prices will be applicable from October 1st, 2017
On the basis of the prevailing prices in the international market, OGRA recommended an increase of Rs. 2.35/Litre in the price of 92 RON Petrol, increase of Rs. 2.17/Litre in the price of High Speed Diesel (HSD), increase of Rs. 19.32/Litre in the price of Kerosene Oil, and increase of Rs. 14.09/Litre in the price of Light Diesel Oil (LDO), with effect from 1st October 2017.
After considering the proposal of OGRA, the Prime Minister has decided that the prices of HSD, MS 92 RON Petrol and LDO will be increased by Rs. 2.00/Litre each, while the price of Kerosene Oil will be increased by Rs. 4.00/Litre, with effect from 1st October 2017 until midnight on 31st October 2017.
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