Business Archives - Page 33 of 35

FBR to start freezing bank accounts without warning

12Oct

By Abdullah3 Comments

Business, Latest

FBR to start freezing bank accounts without warning

With FBR rules about issuing a warning to defaulters now revoked, taxmen will now be freezing bank accounts without prior warning. People including tax lawyers and business professionals objected and called it a ruling that damages ease of doing business. The Federal Board of Revenue ( FBR ), formerly known as Central Board of Revenue. A federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering ISLAMABAD, PAKISTAN - On Monday, The Federal Board of Revenue (FBR) made it legal for taxmen to freeze defaulter bank accounts without prior notice. This decision came in after the clause that demands tax officers to notify a person 24 hours before closing their account. While this revocation may bring positive changes int...

UK Court says adding Pakistan in COVID-19 red list was right

11Oct

By AbdullahNo Comments

Business

UK Court says adding Pakistan in COVID-19 red list was right

London’s high court’s judge ‘Justice Linden’ rules that “Pakistan cannot be removed from the Red List as the UK's government has a responsibility to deal with the pandemic.” In April, when the number of cases in Pakistan were exceptionally low compared to its neighboring countries. Despite the fact that Pakistan had a low number of cases. The UK's government went onto put Pakistan in the COVID-19 red list. This shocked the British Pakistanis residing in England. Thus making them take the case to the UK high court. The case lead by British Pakistani nationals in UK Court As of April 9th 2021, the Secretary of State for Health and Social Care and the government of England had put Pakistan on a red list, which means that a travel ban was imposed from England to Pakistan and v...

11Oct

By Kino1 Comment

Business

HIV-AIDS in Pakistan

In terms of HIV-AIDS epidemic, Pakistan is the second largest country in South Asia that stands only a few steps behind India and Nepal. The HIV-AIDS in Pakistan is the most serious of infectious disease that challenges public health HIV/AIDS in Pakistan Like other developing countries, transmission of HIV-AIDS in Pakistan is increasing as a result of poverty, low literacy, gender-related discrimination, ignorance about modes of transmission and the stigma that prohibits people with risk behaviors from seeking HIV testing or disclosing their HIV positive status Acquired immunodeficiency syndrome (AIDS) is a chronic, potentially life-threatening condition caused by the human immunodeficiency virus (HIV). It damages our immune system and interferes with your body's ability to ...

Squid Games will soon become the most popular Netflix show

5Oct

By Abdullah5 Comments

Business

Squid Games will soon become the most popular Netflix show

Squid Games just after 2 weeks of its release has become the first series to top charts in 83 countries. The action filled series is set to steal seats from hit shows such as 'House of Cards' and 'The Crown' Poster of the widely famous Netflix series 'Squid Games' This year on 17th September, Netflix released another one of its series named 'Squid Games'. This series however was no ordinary Netflix Original. Squid Games in just weeks of its release, went onto top the charts in many countries. Squid games's popularity is nothing less than an epidemic, the series since its release have been consistently breaking records for Netflix. Netflix users in the US are going crazy over the show, considering the viewership in the US, the show will soon break records of super hit series suc...

Banks to slow import, will no longer offer loan for imported cars

25Sep

By AbdullahNo Comments

Business, Latest

Banks to slow import, will no longer offer loan for imported cars

The decision to stop giving out loans for imported vehicles was taken by the State Bank of Pakistan. It is an effort to stop the already high trade and current deficits. Imported cars being transported in Pakistan The State Bank of Pakistan(SBP) recently released its revised prudential regulations (PRS) for consumer financing. The revised regulations alongside other changes included the reduction of loans for imported vehicles. SBP took this step inorder to maintain the the ballooning trade deficits and stop import growth in the country. SBP in the revised regulations have made some notable changes regarding loans for imported vehicles. Changes includes reduction in financing limit moreover a reduction in time limit for the loan. After releasing the revised regulations on Thur...