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  • ‘Qarza le le ke economy sambhali bhi to kya sambhali’: Samina Peerzada slams government

    ‘Qarza le le ke economy sambhali bhi to kya sambhali’: Samina Peerzada slams government

    Veteran actress and host Samina Peerzada took to her Twitter handle to slam the ruling government for taking loans from agencies like The International Monetary (IMF).

    Samina said that “if the government is managing the national economy by taking loans then it’s pointless.”

    Earlier this month the Judaai actor tweeted an appreciation post for former PM Imran Khan.

    The Mera Naseeb star said that if Imran comes back into power, people from around the globe would contribute money which will help Pakistan get rid of its economic crises.

    She also mentioned that she trusts Khan’s honesty and values.

    Recently actor Shahroz Sabzwari appeared in an interview with his pregnant supermodel wife Sadaf Kanwal. On being asked about his political stance, the Nand star stated that former Prime Minister Imran Khan is stronger than ever and after what has happened to him, he is dangerous.

    The Teri Raah Mein hero added, “My father has fed me halal rizq, so it isn’t possible for me to not follow Imran Khan. There can be no two ways about this.”

    Elaborating on his admiration for the PTI chairman, the actor added, “He is an honest and clear man. He has just learned politics, now people should fear his comeback. This was his first time in power, the others have been in politics a long time. The big people who are against him, even they agree that Imran Khan is more dangerous to the opposition because now he will engage in the correct politics.”

    On his belief in IK’s ability to steer the nation towards a better future, the Nand actor continued, “No one else can take Pakistan forward and make it Riyasat e Madina other than Imran Khan. If you have the tiniest bit of honour, it’s not possible for you to follow anyone other than him.”

    IK was ousted following a vote of no confidence, leading to an outpour of support for the former PM. Many celebrities have openly expressed their support for IK, including Syra Yousuf, Samina Peerzada, Shaan Shahid and Anoushey Ashraf, among others.      

  • Mariyam Nafees hits out at trolls for scrutinising Iqra Aziz’s latest shoot

    Mariyam Nafees hits out at trolls for scrutinising Iqra Aziz’s latest shoot

    Actor Mariyam Nafees took to her Instagram stories to condemn trolling of fellow actress Iqra Aziz over her recent shoot. The Khuda Aur Mohabbat 3 star posted her pictures in a floral frock and flaunted her chiseled legs which got a polarising response from the netizens.

    While sharing a meme, Mariyam said that there are much more serious topics that need the required attention rather than Aziz’s legs. She cited examples like domestic violence and corruption.

    Earlier Nafees grabbed headlines for her stance on cousin marriages. On Geo’s Jashn-e-Cricket. During a segment of the show, the host Shahzad Iqbal asked the Diyar-e-Dil diva about her stance on cousin marriages.

    Mariyam expressed her displeasure over the idea of cousin marriage, saying that they grow up like siblings. She also said the idea of coursing marriage is ‘Disgusting.’

  • Nio electric car falls from third floor of office, killing two

    Nio electric car falls from third floor of office, killing two

    Two employees were killed, according to Chinese electric vehicle (EV) manufacturer Nio, when one of its vehicles fell from the third floor of its Shanghai headquarters.

    One staff member and one worker from a joint venture were inside the car as it crash-landed from Nio’s Shanghai office.

    The incident happened on Wednesday at around 05:20 PM, according to the company. As the car fell from the building, those who were inside perished.

    According to Nio, it launched an investigation into the incident right away in collaboration with authorities.

    The third-floor space where the car fell has variously been referred to as a showroom, a testing facility, or a parking lot.

    “Our company has collaborated with public security department to launch the investigation and analysis of the cause of the accident. Based on the analysis of the situation at the scene, we can initially confirm that this was an accident (not caused by the vehicle),” the company said in a statement.

    “We feel very sad about this accident and would like to express our deepest condolences to our colleague and partner employee who lost their lives. A team has been set up to help the families,” it added.

    Within a half-hour, thousands of netizens commented on Nio’s initial Weibo post before it was removed. Social media users reacted angrily to the final clause of the statement, “not related to the vehicle itself.”

    The Chinese business to dominate the electric vehicle market is led by Nio. To allay customers’ worries about needing to charge their cars frequently, it has placed a lot of faith in interchangeable batteries in its vehicles.

    Nio is a rival to the US-based electric car manufacturer Tesla, owned by multi-billionaire Elon Musk, who also operates a manufacturing facility in Shanghai.

  • ‘Below my dignity to respond to such a liar’: Ex-brigadier to Imran Khan

    ‘Below my dignity to respond to such a liar’: Ex-brigadier to Imran Khan

    Former Director-General (DG) of the Anti-Corruption Establishment, Punjab, Brigadier (retd) Muzaffar Ali Ranjha responded to the allegations made by former Prime Minister (PM) Imran Khan that Ranjha manipulated the 2013 general elections in favour of Nawaz Sharif.

    In an interview with Lahore Rang, the retired brigadier called Khan a compulsive liar, saying: “These are baseless allegations from a liar. But since he has publicly made these allegations, I am compelled to respond.”

    “He [Imran Khan] is a morally, financially, intellectually, and socially corrupt person. I am a respectable person. It’s below my dignity to respond to such a pathological liar,” he added.

    While replying to the question that why is Khan bringing up this issue, Ranjha said that he believes that Khan has lost his mind after losing power.

    “This man [Khan] has never been in favour of the armed forces. He only flirted with the military. Now, since the military has detached itself from politics, he is randomly hurling allegations.”

    “If he [Imran] opens his mouth again, then I’ll go to a public forum and spill the beans”, Ranjha said, adding that Imran should know that he knows everything about him as he has also served as an intelligence officer.

    During the interview, Ranjha offered Imran to agree to the formation of a commission that should investigate the vote-manipulation charges.

    The former DG also challenged Khan to contest elections against him.

    It is pertinent to mention that Ranjha was removed from his office by the Punjab interim government just before the 2018 elections.

  • Khan challenges NAB amendments in Supreme Court

    Khan challenges NAB amendments in Supreme Court

    Pakistan Tehreek-e-Insaf (PTI) Chairperson Imran Khan approached the Supreme Court (SC) to challenge the recent amendments to the National Account­ability (NAB) Ordinance, contending that they will “virtually eliminate any white-collar crime committed by a public office holder”.

    In the petition filed today (June 25), Khan named the Federation of Pakistan through its secretary Law and Justice Division, and the NAB through its chairman as respondents in the case.

    Khan had said his party would challenge the recent amendments to the NAB law in the SC.

    Addressing a press conference at his Banigala residence, Imran Khan expressed hope that the top court would take notice of the development, adding that if such moves were allowed then it would be detrimental to the country.

    Earlier in June, President Dr Arif Alvi refused to sign the bills seeking amendments in NAB and election laws.

    The bill was returned back to Prime Minister (PM) Shehbaz Sharif as the president said he “was not informed” about the “legislative proposal” under Article 46 before they were tabled in parliament.

  • Mumbai attacks’ alleged mastermind arrested by FIA

    The Federal Investigation Agency (FIA) has arrested suspect Sajid Mir with the help of law enforcement agencies, in the investigation of the Mumbai attacks, reports Wajahat S. Khan for Nikkie Asia.

    “According to the FBI, Mir allegedly served as the chief planner of the [Mumbai] attacks, directing preparations and reconnaissance, and was one of the Pakistan-based controllers during the attacks,” writes Wajahat.

    The deputy foreign minister, Hina Rabbani Khar, told Nikkei Asia that she would not comment on this particular case. Senior police officials and investigators from the Federal Investigation Agency (FIA), also did not comment on the arrest but did not deny it.

    The United States (US) Federal Bureau of Investigation (FBI) had placed Mir on its most-wanted criminal list. It offered a $5 million reward for information leading to his arrest.

    Mir is allegedly the mastermind behind the Mumbai attacks. Rumours of his death had persisted for a long time.

  • Govt raises tax rates for salaried class on IMF demands

    Govt raises tax rates for salaried class on IMF demands

    In response to the International Monetary Fund’s (IMF) recommendation to eliminate relief provided on June 10, the coalition government on Friday announced amended tax deduction rules for the salaried class.

    The News reported on Saturday that the Federal Board of Revenue’s (FBR) target for tax collection for the fiscal year 2022–23 has been raised to Rs7,470 billion, an increase of Rs466 billion.

    In order to raise the collection, the government had to take harsh measures, such as boosting the tax rates for high earners to raise Rs120 billion for fighting poverty and Rs35 billion for the salaried class.

    For the upcoming fiscal year 2022–2023, the government imposed a 10 per cent super tax on 13 high-earning sectors, which will cost Rs80 billion in income.

    The government increased the Personal Income Tax (PIT) by Rs80 billion by abolishing tax relief worth Rs47 billion and then increasing the tax amount by Rs35 billion. As a result, the FBR was expected to collect Rs235 billion from the salaried class in the upcoming budget, up from Rs200 billion in the preceding fiscal year.

    The PTI-led government had promised to raise the tax revenue by Rs335 billion by increasing the tax slab rates for the salaried class, but the PDM-led coalition government persuaded the IMF to accept Rs100 billion less than the amount the PTI-led government had promised to raise.

    The government suggested a tax rate of 2.5 per cent for the salaried class for income brackets of Rs50,000 to Rs100,000. The proposed tax rate increased to 12.5 per cent for income earners who make between Rs100,000 and Rs300,000 per month.

    The FBR proposed raising the tax rate from 17.5 per cent to 20 per cent in cases where the taxable income is greater than Rs3,600,000 but not greater than Rs6,000,000. The FBR tax rate is proposed to rise from 22.5 per cent to 25 per cent where the taxable income exceeds Rs6,000,000 but does not exceed Rs12,000,000.

    The FBR will charge a tax amount of Rs2,004,000 plus 32.5 per cent of the amount exceeding Rs12,000,000 on an annual basis where the taxable income exceeds Rs12,000,000. The FBR suggested a 35 per cent tax rate for the aforementioned income.

  • Economic crisis: HEC recommends local tea production, promotion of ‘lassi’ and ‘sattu’

    Economic crisis: HEC recommends local tea production, promotion of ‘lassi’ and ‘sattu’

    The vice chancellors (VCs) of the public sector institutions have been advised by the Higher Education Commission of Pakistan (HEC) to encourage the use of regional beverages like lassi and sattu since doing so will boost employment and bring in revenue for the general population, Arshad Yousafzai, reports for Geo.

    Dr Shaista Sohail, acting chairperson of the HEC, called on the VCs in a circular to take a “leadership role and think of innovative ways to provide relief to the lower-income groups and the economy as a whole” in response to the financial crisis that Pakistan is currently experiencing.

    “I am sure that the honourable vice-chancellors will be able to innovatively explore many other avenues to create employment, reduce imports and ease the economic situation,” she added.

    She recommended VCs to promote regional tea plantations as well as locally produced, wholesome traditional drinks like lassi and sattu.

  • PM Shehbaz in Karachi: What is he planning to do today?

    PM Shehbaz in Karachi: What is he planning to do today?

    Prime Minister (PM) Shehbaz Sharif has arrived in Karachi today (Saturday) on a day-long visit.

    During this visit, he will meet a delegation of leaders of the government’s allied party Muttahida Qaumi Movement-Pakistan (MQM-P).

    According to Geo News, the premier will discuss the MQM-P’s agreement with Pakistan Muslim League- Nawaz (PML-N).

    When former PM Imran Khan was ousted, an agreement was signed to confirm MQM-P leaving the Pakistan Tehreek-e-Insaf (PTI) coalition and joining hands with the then-opposition parties [PML-N, PPP, JUI-F and others]. The MQM-P decided to part ways with PTI almost a week before the no-confidence motion against Khan and announced its final decision on March 30.

    Other than this, discussions on the census, electoral reforms and upcoming local body elections will also take place between PM Shehbaz Sharif and MQM-P.

    PM Shehbaz also paid a visit to Nawabshah to offer condolence to Pakistan People’s Party (PPP) co-chairperson Asif Ali Zardari on his mother’s demise.

    The premier’s first stop was Pakistan Naval Academy Manora where he attended the passing out parade of the 25th Short Service Commission.

    In his speech during the ceremony, PM Shehbaz expressed happiness over witnessing women cadets in the passing out parade.

    On Friday, PM Shehbaz made a visit to the port city of Gwadar.

  • Imposing super tax on the rich will reduce budget deficit: Miftah

    Imposing super tax on the rich will reduce budget deficit: Miftah

    The government’s recently announced indirect tax (super tax) is intended to assist the country in increasing tax revenue and lowering the budget deficit, according to Finance Minister Miftah Ismail.

    He was relating to the large industries’ 10 per cent super tax or poverty alleviation tax.

    13 industries, including LNG terminals, sugar, cement, steel, textile, tobacco, fertiliser, banks, oil and gas, beverages, automobiles, and steel, will be subject to this one-time levy, according to Miftah. The government labelled these 13 industries for a special tax as they made significant profits last year.

    Companies in these sectors earning more than Rs300 million will be subject to a 10 per cent super tax, he added.

    According to the finance minister, this tax is a one-time levy that will only be in effect for fiscal year 2022–2023.

    He clarified on Twitter that the 4 per cent super tax will be imposed on all industries.

    “For the specified 13 sectors, another 6 per cent will be added for a total of 10 per cent,” he said. “So their tax rates will go from 29 per cent to 39 per cent. This is a one-time tax needed to curtail the previous four record budget deficits.”

    The imposition of a super tax on the wealthy, according to Finance Minister, will lessen the country’s reliance on foreign aid, lower the budget deficit, and bring the country closer to financial stability.

    Other businesses that make over Rs150 million will be subject to a 1 per cent super tax, and those that make over Rs200 million will be subject to a 2 per cent tax. On top of the current rates, it is worth noting that these taxes are additional.

    Businesses that earn more than Rs250 million in revenue will pay a 3 per cent super tax, and those that earn more than Rs300 million will pay a 4 per cent super tax.

    He continued, citing statistics, that there were 9 million retail and wholesale establishments in Pakistan, and that the government wanted to bring an additional 2.5–3.5 million into the tax system.

    “We are linking the income tax and sales tax of these shops with the electricity bill,” Miftah said. “Now, small shops will pay a fixed tax of Rs3,000 and large shops will pay Rs10,000.”

    Only 22 of Pakistan’s more than 30,000 gold trading companies, he claimed, were registered, and their average annual sales came to Rs4,000.

    Sales tax and a fixed income of Rs40,000 will now be paid by gold shops of 300 square feet or less.

    He said that the government would lower the sales tax on large stores from 17 per cent to just 3 per cent.

    The withholding tax on jewellery sales to gold shops by the general public has been reduced from 4 per cent to 1 per cent.

    According to Miftah, fixed tax structures similar to these will be introduced for real estate agents, car dealers, and builders. Since this tax only applies to income and not to spending, inflation will not rise.

    Additionally, the withholding tax for the IT sector has been eliminated. Sales and income taxes would not apply to IT companies with annual revenue of less than Rs80 million.

    Miftah emphasised that Pakistan needs the IMF programme to resume as the country’s foreign exchange reserves are at a critical point.