Court temporarily suspends additional 15% tax on banks that fail to meet lending targets – Trendy Blogger

Court temporarily suspends additional 15% tax on banks that fail to meet lending targets  

 – Trendy Blogger

The Islamabad High Court (IHC) has temporarily barred the government from collecting up to 15% additional taxes from banks that fail to meet private sector lending targets in 2024. Nearly a dozen banks have sought relief from the Islamabad High Court, protesting against the levy introduced in the 2025 federal budget. According to media reports, … Read more

Indus Motor has temporarily halted production due to supply chain issues – Trendy Blogger

Indus Motor has temporarily halted production due to supply chain issues

 – Trendy Blogger

Indus Motor Company Ltd. announced (INDU), the manufacturer of Toyota vehicles in Pakistan, announced the temporary suspension of operations at its production plant due to ongoing supply chain disruptions and shortages of raw materials and essential components. The suspension will continue from October 29 to October 31, 2024, according to the notification submitted to the … Read more