On Sunday, the United States set a deadline for TikTok to cut ties with its China-based parent company, ByteDance, or close its operations in the United States. The deadline comes after the Supreme Court upheld the ban in a unanimous decision, citing national security concerns. With President Joe Biden taking no action to delay implementation, … Read more
President-elect Donald Trump has asked the US Supreme Court to stop implementing a law requiring Chinese company ByteDance, which owns TikTok, to sell the platform or face a ban. Trump said his next administration should have the opportunity to seek a “political solution” to the issue. The Supreme Court is scheduled to hear arguments on … Read more
The State Bank of Pakistan (SBP) reminded the public that December 31, 2024 represents the final deadline for redemption, encashment or transfer of National Prize Bonds worth Rs. 7500 rupees. 15,000 rupees. 25,000 and Rs. 40,000 denominations. “No applications will be accepted after this date,” according to the official WhatsApp channel of SBP. This is … Read more
Tel Aviv — In early fall in Gaza, aid workers distributed one portion of food per meal per family to hungry civilians displaced by The war raging between Israel and Hamas. But as Israel halted aid deliveries to the Palestinian territory, meals dwindled. Last week, the United Nations again warned that some Gaza residents were … Read more
A general view of the Parliament building in Islamabad on April 10, 2022. — Reuters With the current Chief Justice of Pakistan, Qazi Faiz Isa, set to retire on October 25, the coalition government has begun the process of appointing a new judge to the Supreme Court after enacting the 26th Constitutional Amendment, which provides … Read more
The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, has set a deadline of January 1, 2028, to end the practice of usury (interest-based banking) in the country. This clause was added to the draft amendments on the suggestion of Jamiat Ulema-e-Islam Fazl (JUI-F), a regional political party led by Maulana Fazlur Rehman, … Read more
Pakistani rupee notes appear in a counting machine at a bank in Peshawar, August 22, 2023. – Reuters The clause was added based on the suggestion of JUI-F. January 2028 deadline to end the practice of usury. Any transaction involving usury is considered “wrong.” The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, … Read more
Representative image showing the FBR logo. —FBR location/file FBR extends the deadline for filing income tax returns for the second time. The deadline has been extended in light of requests from various trade bodies. Earlier, the FBR had extended the deadline to October 14. ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date … Read more
The FBR logo has been placed at the board headquarters in Islamabad. — FBR website The date was extended following requests from the general public and traders. The aim of this move was to encourage under-applicants against tax evasion. FBR to confront tax evaders with restrictions targeting non-filers. LAHORE: After the Federal Board of Revenue … Read more
A policeman walks in front of the Federal Board of Revenue (FBR) office building in Islamabad, Pakistan, on August 29, 2018. — Reuters The FBR makes a tentative decision to abolish the category of non-filers. October 14 tax filing deadline will not be extended further: FBR “The key issues in the tax system in Pakistan … Read more