Author: newsdesk

  • Expect to pay 10,000 on Eid to your butcher

    Expect to pay 10,000 on Eid to your butcher

    Butchers in Karachi have released the rate list for slaughtering animals on Eid ul Azha.

    On the first day of Eid, it will cost 20 thousand rupees to slaughter a heifer. The rate for goats has been fixed at 10 thousand rupees, and for camels, it has been set at 40 thousand rupees.

    The Qurbani rate will be almost half on the second and third day of Eid.

    However, rates are expected to skyrocket as Eid draws closer.

  • Gohar confirms PTI’s socials’ handled by Jibran Ilyas, Azhar Mashwani

    Gohar confirms PTI’s socials’ handled by Jibran Ilyas, Azhar Mashwani

    Pakistan Tehreek-e-Insaf (PTI) Chairman Gohar Khan has revealed during an investigation by the Federal Investigation Agency (FIA) that Jibran Ilyas and Azhar Mashwani manage the party’s social media accounts from abroad, Express Tribune has reported.

    FIA has initiated a probe regarding the controversial video released from Imran Khan’s social media account about the 1971 Fall of Dhaka.

    During the inquiry, Barrister Gohar emphasised that he did not agree with the decision to upload the controversial video. He confirmed that Ilyas and Mashwani are primarily responsible for content creation and video production.

    During the FIA’s cybercrime inquiry into the contentious video, Barrister Gohar was interrogated for two hours, while the party’s Information Secretary, Raoof Hasan, was questioned for four hours.

    Meanwhile, Azhar Mashwani today posted on X, “My two elder brothers Prof. Mazhar and Prof. Zahoor Mashwani were picked up from our house in Township Lahore at 2:50 pm today by dozens of CTD uniformed and plain clothed people.”

  • Mohsin Naqvi gets team’s hotel changed

    Mohsin Naqvi gets team’s hotel changed

    Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi took strict notice of the national team’s stay at a New York hotel located 90 minutes away from the stadium, leading to a change in hotel.

    Earlier the hotel where the team had to stay was a 90-minute drive from the stadium, but the changed hotel is just five minutes away from the stadium.

    The Indian cricket team is housed just 10 minutes away from the ground in New York, while other teams’ hotels are more than an hour away.

    South Africa and Sri Lanka have already expressed concerns over the facilities provided during their stay in New York.

    According to Geo sources, PCB Chairman Mohsin Naqvi made it clear to the International Cricket Council (ICC) that if the Pakistani team’s hotel has not changed, he would shift the team to a better and more convenient place at PCB’s expense.

    The national team will leave for New York immediately after the match against USA today, to play a highly-anticipated match against India on June 9 and one against Canada on June 11. The last match of the first round will be against Ireland on June 16.

  • T20 World Cup: Uganda’s Frank Nsubuga creates history

    T20 World Cup: Uganda’s Frank Nsubuga creates history

    Ugandan bowler Frank Nsubuga has created new history in the ongoing T20 World Cup in America and West Indies on Thursday.

    Chasing the target of 78 runs, Uganda lost five wickets against Papua New Guinea at just 26 runs, but thanks to Riazat Ali Shah’s excellent knock of 33 runs, Uganda achieved the target in the 19th over.

    This success was not only historic for Uganda, but the country’s 43-year-old spinner also made history in the match.

    He bowled the best spell in T20 World Cup history, taking two wickets for just four runs in four overs.

  • Budget 2024-25: Pakistan Stock Exchange proposes tax reforms for economic growth

    Budget 2024-25: Pakistan Stock Exchange proposes tax reforms for economic growth

    Pakistan Stock Exchange (PSX) has forwarded a series of significant tax proposals to both the Ministry of Finance (MoF) and the Federal Board of Revenue (FBR) for potential inclusion in the upcoming federal budget for the fiscal year 2024-25.

    These proposed measures are designed to not only bolster revenue but also to incentivise the allocation of resources towards sectors of the economy that are both productive and officially documented. This move is deemed critical for fostering economic growth and generating employment opportunities across Pakistan.

    Notably, PSX has experienced a marked upswing in its performance, largely attributed to recent stability measures implemented within the broader macroeconomic landscape. In the outgoing year alone, the market capitalisation has surged by nearly Rs4 trillion, signifying a substantial boost to economic prosperity.

    Furthermore, foreign investments totaling approximately $132 million have flowed into the country through the stock market since July 2023, underscoring the significance of the stock market in attracting foreign capital.

    It is imperative that both the Ministry of Finance and the FBR carefully evaluate the proposals put forth by PSX to ensure that the stock market remains a vital contributor to economic growth, tax revenues, foreign investment inflows, and the formalisation of the economy. This strategic move is crucial for sustaining the positive momentum witnessed in both the capital market and broader economic recovery efforts.

    PSX stresses the importance of prioritising comprehensive documentation of all economic activities, with capital markets representing one of the most meticulously documented sectors within the economy. A robust capital market ecosystem not only aligns with key economic and social objectives but also serves as a catalyst for expanding the taxpayer base, augmenting savings and investment rates, and mitigating wealth disparities.

    To realise these overarching objectives, investors necessitate a conducive and predictable tax regime. As such, Pakistan Stock Exchange has articulated a range of proposals to the Ministry of Finance and the Federal Board of Revenue, all aimed at fostering a favorable environment for investment and economic growth in the fiscal year 2024-25.

  • T20 World Cup 2024: India defeat Ireland by 8 wickets

    T20 World Cup 2024: India defeat Ireland by 8 wickets

    In the eighth match of the Men’s T20 World Cup, India started the tournament victoriously by defeating Ireland by 8 wickets.

    Indian captain Rohit Sharma won the toss and invited Ireland to bat first.

    Ireland’s inning

    Ireland’s batting line failed miserably in front of India’s brilliant bowling and the entire team was bowled out for 96 runs in 16 overs.

    For Ireland, Gareth Delaney was outstanding with 26 runs while Joshua Little scored 14 runs and Curtis Kumfer scored 12 runs. Apart from this, Tucker was dismissed for 10 runs.

    On behalf of India, Hardik Pandya dismissed 3 players, Arsdeep Singh and Bumrah took 2 wickets each.

    India’s inning

    India easily achieved Ireland’s target of 97 runs for the loss of 2 wickets in 12.2 overs. Captain Rohit Sharma stood out with 52 runs while Rishabh Pant remained unbeaten with 36 runs.

    Virat Kohli and Surya Kumar Yadav were dismissed for 2 runs, captain Rohit Sharma retired hurt.

  • Business community seeks budgetary reforms to promote industry growth

    Business community seeks budgetary reforms to promote industry growth

    The business community has called for comprehensive reforms and increased facilities in the upcoming 2024-25 budget to promote industry growth by broadening the tax base.

    According to APP, Ahsan Zafar Bakhtawri, President of the Islamabad Chamber of Commerce and Industry (ICCI), revealed that consultations with the business community have concluded, and their budget proposals have been submitted to the relevant ministry.

    Bakhtawri emphasised the importance of incorporating these proposals into the Federal Budget 2024-25, stating that their implementation would address critical trade and industry issues, enhance business growth, improve government tax revenue, and aid in economic revival.

    He noted that, as in previous years, the ICCI had forwarded its budget recommendations to the Finance Ministry with the expectation of their acceptance.

    He urged the government to engage with the business community and form joint committees at the district level to expand the tax net.

    He also stressed the necessity of enforcing penalties against tax evaders. Furthermore, Bakhtawri suggested that the National Tax Number (NTN) should be mandatory for opening bank accounts and for property and vehicle transactions.

    In a related statement, Karim Aziz, Chairman of the FPCCI Capital Office, echoed these sentiments. Aziz indicated that the chamber had proposed tax reforms to broaden the tax base, aiming to rejuvenate the country’s businesses. He urged the government to consult with all stakeholders in preparing the federal budget.

    Aziz confirmed that the FPCCI had finalised its budget proposals and submitted them to the relevant ministries, advocating for their inclusion in the Federal Budget 2024-25. He reiterated that implementing these proposals would address key trade and industry challenges, facilitate business growth, boost tax revenue, and support economic revival.

    He called for a reformed and simplified taxation system developed in consultation with genuine stakeholders. Aziz also highlighted the need for the upcoming budget to focus on ease of doing business, which would attract much-needed investment and stimulate economic growth.

    Additionally, Aziz stressed the need to enhance exports, reduce imports, and incentivise expatriates to invest in Pakistan.

    The business community’s recommendations reflect a concerted effort to foster an environment conducive to industrial and economic growth, urging the government to consider these proposals seriously in the upcoming budget.

  • Gandapur once again has meltdown about Governor Kundi

    Gandapur once again has meltdown about Governor Kundi

    Chief Minister of Khyber Pakhtunkhwa (KP) Ali Amin Gandapur once again used ugly words while lashing out at Governor KP Faisal Karim Kundi during talks with journalists saying, “You [Kundi] yourself are a thief, so is your leader. To hell with your alliance.”

    “He [Kundi] has crossed the limits many times and uses my name often so I call out his name and he gets some views on TikTok,” exclaimed the CM KP.

    Gandapur used uncouth language during the tirade against the PPP leader and stated, “You’re worth nothing, I can kick you out of the Governor House today.”

  • Kya Ali Sethi bhee Indian elections contest kar rahay thay?

    Kya Ali Sethi bhee Indian elections contest kar rahay thay?

    Ali Sethi’s doppelganger may have lost the election in India, but the singer is winning the internet with his hilarious response.

    Yesterday Sethi shared a screenshot of an election contestant on Instagram and captioned it, “Apparently I lost some votes in India.”
    The screenshot has gone viral on social media.

    India’s elections, which took place from April 19 to June 1, are now being tallies. The results are generating widespread interest and media coverage, both in India and around the world.
    Here are some comments with fans joking about Ali Sethi being an Indian citizen and asked him when wouldhe perform in New Delhi.

  • Kiran Rao reveals how advertising helped her survive in Mumbai

    Kiran Rao reveals how advertising helped her survive in Mumbai

    Indian director Kiran Rao was recently appeared as a guest on Cyrus Says podcast where she revealed that she didn’t make enough money to support herself in Mumbai even though she worked as an assistant director on many feature films including ‘Lagaan’.

    She also talked about how an advertising job provided her the money she needed to live in the city.

    She said, “I worked in the gig economy once. Worried about whether my money would survive and if I could pay the rent, I was going to find a job, work for as long as it paid, and then look for another one.”
    When the host asked about working on the film ‘Lagaan’, implying that it should have paid well, Kiran replied, “Feature films didn’t pay. It was advertising that paid me the money to live in Mumbai. With Lagaan, the first assistant director (AD) system kind of started coming in. Advertising gigs helped me afford super expensive things like a computer and a car.”

    Kiran, ex-wife of Bollywood superstar Aamir Khan and ‘Laapataa Ladies’ filmmaker, won hearts on social media and among fans with her film about two lost brides. Her previous films include ‘Dhobi Ghat’ (2010), ‘Talaash’ (2012).