Business

Web Desk — Who are the richest people in the world, what is their net worth and how did they make their fortune? Here is a brief detail about the richest people in the world. Elon Musk – $219 billionAccording to Forbes Magazine, Elon Musk is the richest person in the world with an estimated fortune of $219 billion. Personal …

Web Desk — In order to contain massive sales tax evasion in major sectors, Chairman Federal Board of Revenue (FBR) Asim Ahmad has directed the Project Director, (Track & Trace System) to ensure speedy implementation of the track and trace system on tobacco, fertilizers, cement and petroleum products. Newly appointed FBR Chairman Asim Ahmad presided over a meeting to review …

Web Desk — Exceeding the target of Rs4.619tr by Rs239 billion, the Federal Board of Revenue (FBR) has raised a record Rs4.858 trillion in the first 10 months of the current fiscal year, provisional data compiled by the tax body showed on Saturday. Compared with the revenue collection of Rs3.778tr in the same period in 2020-21, a 28.6 percent growth …

Web Desk — Blaming the rising import cost of parts amid the massive depreciation of the Pakistani rupee, Pak Suzuki Motor Company (PSMC) has posted a net loss of Rs460.2 million for the first quarter ended March 31, 2022.  According to a statement sent to Pakistan Stock Exchange (PSX) on Tuesday, the company posted a net profit of Rs777.9 million in …

Web Desk — Tesla Inc., the US electric vehicle manufacturer, is welcome to set up shop in India, sell its cars there, and export them, but must not import vehicles from China, India’s transport minister said on Tuesday. Making in China and selling here is not a good idea, Nitin Gadkari said at a government conference. Elon Musk, Tesla’s billionaire …

Web Desk — On the occasion of World Earth Day, Jazz has committed to be a Net zero emitter of carbon by 2050. While the World Earth Day is being celebrated, it is essential for us to understand that responding to climate change is not an option anymore; in fact, there is a climate emergency which needs to be addressed, …

Web Desk — The e-Pay Punjab, an online payment solution and a joint initiative of the Punjab Information Technology Board (PITB) and the Punjab Finance Department, has collected over Rs. 80 billion in tax revenue through 15 million transactions to date. This was informed during a progress review meeting held at Arfa Software Technology Park on Wednesday. While chairing the …

Pakistan Telecommunications Authority (PTA) expressed concern over the decision to ban cryptocurrency trading in the country. In a high-level meeting, the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and the Ministry of Information Technology and Telecommunication had proposed a ban on crypto-based transactions. According to the PTA, such a measure may adversely affect several other …

Web Desk — The Federal Board of Revenue (FBR) plans to conduct physical surveys of selected undocumented sectors as part of its new tax reform plan. As part of the reform plan, the FBR will examine methods to verify the accuracy of informal economy reporting. As part of this reform action, FBR will identify ways in which income reporting can …

Web Desk — Faysal Bank Limited & TPL Life Insurance (Window Takaful Operations) have recently signed an agreement for strengthening their existing partnership further besides introducing a Women-specific Takaful coverage proposition for Faysal Islami Amal Women’s Account holders. Women, under this plan, will get coverage for major critical illnesses, and the benefit of income continuation, along with unlimited online health …