By NewzTodays Editorial Team | June 12, 2021

Islamabad: The PTI government will launch a “Lottery Scheme” worth Rs 250 per month to incentivize computerized cash slips from Cash & Carry chains in the country. The scheme will increase the number of tax filers with monetary incentives with cash prizes. Ultimately, the government will enhance the project to Rs one billion per month,…

By NewzTodays Editorial Team | June 12, 2021

Islamabad: The federal government has projected spending Rs3.059 trillion on markup payments on domestic and foreign debt in the upcoming fiscal year 2021-22. The federal government has projected that it will spend Rs2.9 trillion on markup payments on domestic and foreign debt in the ongoing fiscal year 2020-21. It earmarked Rs3.059 trillion on interest payments…

By NewzTodays Editorial Team | June 12, 2021

The government on Friday announced different tax measures that will reduce the prices of 850 CC cars by Rs 200,000 in the budget for low-income groups. Now, low-income groups will be able to buy cars at low prices after approval of tax measures in budget 2021-22. However, the government announced to increase in taxes on…

By NewzTodays Editorial Team | June 12, 2021

The finance division has proposed 10 percent protection as an incentives for petroleum refineries in budget 2021-22. The petroleum division had proposed several incentives in the new oil refinery policy 2021. It had also moved a summary to Economic Coordination Committee (ECC) for approval of incentives for petroleum refineries. However, the government had decided to…

By NewzTodays Editorial Team | June 12, 2021

The government wants to impose taxes worth Rs 100 billion on mobile and internet users. The finance ministry in the budget document proposes to impose an additional tax burden of Rs 100 billion on mobile and internet users. The Finance Bill 2021-22 proposes to impose an additional burden of Rs 70 billion on federal excise…

By NewzTodays Editorial Team | June 10, 2021

ISLAMABAD: Prime Minister Imran Khan has turned down a proposal of imposing an education levy of Re 1 on every phone call in the upcoming budget 2021-22. Task Force on Science Technology and Knowledge had proposed the Prime Minister impose an education levy on every call from landline and mobile phone to raise funds to…

By NewzTodays Editorial Team | June 9, 2021

There are three reasons why FaceTime for iPhone cannot beat Zoom’ which is growing fast. But Apple is too late to catch it up. However, the Microsoft team has emerged as a competitive tool for Zoom to hold virtual events, online education. Zoom is available for free to download on all devices and may have…

By NewzTodays Editorial Team | June 8, 2021

Islamabad: To promote investment in the real estate sector through Real Estate Investment Trusts (REITs), the SECP has introduced a new Public-Private Partnership (P3) model under REITs, besides completely revamping the regulatory framework for REITs. The amendments have shifted the regulatory structure from approval-based to disclosure-based issuance, reducing entry barriers for new REITs. It will make…

By NewzTodays Editorial Team | June 8, 2021

Soon after receiving around Rs 23 billion from the government, Chief Executive Officer (CEO) of the Hub Power Company Limited Khalid Mansoor has resigned. Khalid Mansoor, CEO of the first IPP in Pakistan under Power Policy 1995,  had played a key role in striking a deal of IPPs with the government. Hubco in a notice…

By NewzTodays Editorial Team | June 6, 2021

Aftab Ahmed Do you know who are the top TikTok influencers with the most followers in Pakistan? If No, let’s discover them. They are not only exploring their talent on TikTok but are entertaining their most followers in Pakistan. With short funny videos, they are able to attract the most followers and manage influencers’ campaigns…