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Chances of tax relief in the budget are less, decision not to abolish super tax

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Islamabad: Sources say that the chances of tax relief in the budget will be less, the government has refused to give tax exemptions to the Chamber of Commerce and Industry. According to details, sources have said that the tax exemption is being phased out in the budget, so the tax exemptions will be further reduced, FBR is stubborn to maintain the super tax in the budget. According to FBR sources, IMF has demanded FBR not to abolish super tax, so it has been decided not to abolish super tax on those with income above 15 crores in the upcoming budget. Unmute 1% super tax on annual income of 15 crores, 2% super tax on annual income of 20 crores, 3% super tax on annual income of 25 crores, 5% super tax on annual income of 30 crores and annual income above 30 crores. But 10 percent super tax is likely to remain applicable. There will be super tax on automobile, beverages, chemicals, fertilisers, steel and cement sectors, 10 per cent super tax will be levied on petroleum sector income abo...
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Former Army Chief responsible for distrust : Imran Khan

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ISLAMABAD: Chairman Tehreek-e-Insaf Imran Khan held the former army chief responsible for the no-confidence motion against him in a Zoom meeting with the American Congresswoman. According to the details, the alleged audio of Pakistan Tehreek-e-Insaf Chairman Imran Khan's Zoom meeting with the American Congresswoman has come to light. In the audio, Imran Khan blamed the former army chief for the no-confidence motion against him, whereas in the past, Imran Khan used to blame America for the no-confidence motion. In the alleged audio, Imran Khan said while talking that we are currently facing a very difficult situation, this country is going through the most difficult period in history, an assassination attempt was made on me, 3 bullets hit my leg. The former prime minister said that my government was removed by the former army chief, the establishment is powerful in our country, the former army chief conspired with those who are in power today, the army is very powerful here, that...
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Only judiciary can save democracy: Imran Khan

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    Lahore: Chairman PTI Imran Khan says that our democracy is hanging by a thin thread, only the judiciary can save it. According to the details, while holding a news conference from Zaman Park, the former prime minister said that the independent judiciary is the guarantor of fundamental rights. Imran Khan said that our democracy is hanging by a small thread, it is the judiciary that has saved democracy so far, now the judiciary is being attacked by the mafia, so the nation should stand with the judiciary. He said that I am using the word mafia for these people because they are not concerned about the country, they are just saving the chair, the judiciary is an obstacle in the way of this mafia, so they are attacking it. Criticizing the Sharif family, the former prime minister said that when Nawaz Sharif took two-thirds majority, the judiciary was also in his way, an honest Chief Justice was on the way, so Nawaz Sharif did not accept this, he attacked the Supreme Court and c...
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Bank Alfalah joins the VC industry and purchases a 7.2% ownership holding in QistBazaar

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According to a news statement from Bank Alfalah, this is the first time a commercial bank has invested in a BNPL fintech. "With this partnership, the Bank aims to transform the BNPL landscape in Pakistan and open the door for additional partnerships between commercial banks and fintechs." In addition to the equity arrangement, Bank Alfalah and QistBazaar also inked a conditional embedded financing agreement in Shariah-compliant manner for up to Rs350 million. The Bank will integrate a digital financing product within the QistBazaar platform to provide integrated financing for consumer durables on BNPL. Customers that have little or no access to formal credit will be the target audience. According to the press release, the alliance is anticipated to herald in a new age by promoting financial inclusion, expanding the customer experience, and offering creative solutions. Senior executives from Bank Alfalah, including the president and CEO, Atif Bajwa, group heads of stra...
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If the negotiations fail, the court will not sit with the decision of May 14: Chief Justice

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  The Chief Justice has said that if the negotiations on the issue of simultaneous elections in the country fail, the court will not sit with the decision of May 14. According to ARY News, a hearing was held in the Supreme Court on the requests to hold elections simultaneously across the country. A 3-member special bench headed by Chief Justice Umar Atta Bandial, comprising Justice Ijaz-ul-Ahsan and Justice Muneeb Akhtar, conducted the hearing. At the beginning of the hearing, Farooq H. Naik, the lawyer of the ruling coalition parties, requested the Supreme Court to give more time for negotiations, while PTI's lawyer, Barrister Ali Zafar, asked the Supreme Court on its order to hold elections in Punjab on May 14. Requested for implementation. During the hearing, the Chief Justice also heard the stand of the leaders of PML-N and PTI and the lawyers of the parties also gave arguments. During this time, he had many conversations with the Chief Justice, while the Chief Justice also ga...
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Tosha Khana Case: Decision to chargesheet Imran Khan

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  Islamabad: The Sessions Court has decided to charge PTI Chairman Imran Khan in the Tosha Khana case on May 10. According to the details, the Tosha Khana case was heard in the court of Additional Sessions Judge in Islamabad, Imran Khan's lawyer Khawaja Haris. He said that the application was filed when the Tosha Khana case was admissible, the application was filed under Section 190A of the Election Act, the Sessions Court cannot hear the Tosha Khana case directly. Imran Khan's lawyer, Khawaja Haris, objected to the jurisdiction of the court and read out sections 190 and 193 of the Election Act in the court. Khawaja Haris said that the hearing of the case and the trial are two different things, if the case is sent under section 190, then the session court can hear the case, the complaint procedure of the petitioner district election commissioner is not correct, the complaint is in the magistrate's court. After going to the Sessions Court, the complainant is the District El...
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If they announce the dissolution of the assemblies tomorrow, we will prepare for the elections together : Imran Khan

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                                     Lahore: Chairman PTI Imran Khan stated the condition of simultaneous elections across the country. According to the details, while addressing the 'Constitution Bachao Malik Bachao rally' in Lahore, the former prime minister said that the government team should say in the talks tomorrow that the assemblies will be dissolved before May 14. Imran Khan said that today we have come out for the rule of law, the expression of solidarity with the workers, warning that if the constitution is trampled and the order of the Supreme Court is not obeyed, then we will take to the streets. The former prime minister said that PTI will stand with the Chief Justice in case of violation of the constitution and will not remain silent under any circumstances.
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