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Monday, June 15th, 2020

 

MPs take up key constitutional, legal, rules amendments for budget scrutiny

ISLAMABAD, JUN 15 (DNA) – In a PILDAT organised online briefing/course on Overview of the Federal Budget 2020-2021, speakers and participating Parliamentarians highlighted the need of Parliament to assert itself in the formulation of budget policy. Nohman Ishtiaq, an expert in the field of Public Finance, presented key ingredients of the Federal Budget 2020-2021. He shed light on the current budget policy, what are some key numbers (facts and figures), what are key challenges and most importantly, what is the role of Parliament in the budget process. Lead Commentators includedRead More


Caffeinated drinks will now cost 12% more in Pakistan

ISLAMABAD, JUN 15 (DNA) – If you are fond of caffeinated drinks, you will have to pay a higher price for it because the government has proposed to increase the Federal Excise Duty (FED) from 13% to 25% on the distribution of local and imported caffeinated drinks. Excise duties are primarily taxes on consumer spending. Businesses act as withholding agents for the government and pass these taxes onto consumers by increasing prices proportionately. This will make the caffeinated drinks more expensive for consumers, a private television channel reported Monday. ThisRead More


Business Community rejects luxury tax in Islamabad, calls for its withdrawal

ISLAMABAD, JUN 15 (DNA) – Muhammad Ahmad Waheed, President Islamabad Chamber of Commerce and Industry has said that the government has proposed in the Finance Bill 2020 imposition of a luxury tax in Islamabad. In a statement he said that the luxury tax has been imposed @ Rs.100,000/ kanal on houses with a covered area of more than 6000 square feet, Rs.200,000/ kanal on houses with a covered area of over 8000 square feet, Rs.25/square feet on farm farmhouses with a covered area between 5,000-7,000 square feet and up to Read More


Six die as van overturns on Faisalabad-Gojra motorway

FAISALABAD, JUN 15 (DNA) – Van full of passengers overturned on Faisalabad-Gojra motorway after a fire broke out in the van. Van was on route to Shorkot from Sheikhupura. According to rescue sources, traffic accident has taken place on Gojra Motorway near Pansara. A fire broke out in the passenger van due to short circuit and the driver lost control over the vehicle and van collided with a divider. Six people were killed and 10 others were seriously injured in the accident. As soon as the accident was reported, rescueRead More


Air chief pays tribute to PAF war veteran group captain (retd) Saif ul Azam

ISLAMABAD, JUNE 15 / DNA / =  Group Captain (Retd) Saif-ul-Azam,   Sitara-i-Jurrat, war veteran of 1965 Indo-Pak war, breathed his last in Bangladesh after prolonged illness. Air Chief Marshal Mujahid Anwar Khan, Chief of the Air staff, Pakistan Air Force has expressed heartfelt grief on the sad demise of the great war veteran. While paying rich tributes to Group Captain (Retd) Saif ul Azam, the Air Chief acknowledged his heroic deeds during the 1965 Indo-Pak and 1967 Arab-Israel wars. Air Chief further added that he was an exceptional fighter pilotRead More


32 more succumb to COVID-19 in KPK

PESHAWAR, JUN 15 (DNA) – At least 32 more people have died from the novel coronavirus in Khyber Pakhtunkhwa on Monday, bringing the COVID-19 death toll in the province to 707.   According to the statics released by the provincial health department, a total of 459 new cases of coronavirus were reported during the past 24 hours, making the total count of the infected people in the province 18,472. “459 new cases confirmed taking total to 18,472. Highest daily death toll reported at 32 (10 Swat, 6 Peshawar, 3 Kohat,Read More