Caretakers Jack up Petroleum Prices Again, Petrol Hits Rs. 331.38 Per Liter

The caretaker government has announced the third hike in the prices of petroleum products since assuming power last month.

The price of petrol has been increased by Rs. 26.02 per liter to Rs. 331.38 , while the price of high-speed diesel has gone up by Rs. 17.34 per liter to Rs. 329.18.

In a short statement, the Finance Division said that the prices have been revised upwards owing to the increasing trend of petroleum prices in the international market.

Todays increase means that since August 15, the price of petrol has increased by Rs. 58.43 per liter while the price of high-speed diesel has risen by Rs. 55.84 per liter.

At the last fortnightly review of petroleum prices, on August 31, the interim government raised the price of petrol by Rs. 14.91 per liter to Rs. 305.36 while the price of high-speed diesel was jacked up by Rs. 18.44 per liter to Rs. 311.84.

On August 15, the interim government had increased the price of petrol by Rs. 17.50 per liter while the price of high-speed diesel was jacked up by Rs. 20 per liter.

Source: Pro Pakistani

Railway Minister Calls for Fuel Efficiency and Healthcare Improvement

Caretaker Minister for Railways Shahid Ashraf Tarar has asked the railway administration to reduce fuel costs, gradually shift the entire railway network to an online fuel management system, prevent fuel theft at all costs, and increase operational efficiency.

While presiding over a meeting at Railway Headquarters, Tarar said that steps should be taken to improve railway health sector services. The process of transferring the railway network to solar energy should be accelerated, the minister directed the officers concerned.

Tarar emphasized the need for digital monitoring of fuel consumption and efficient supply of fuel to storage depots. The caretaker minister praised the administration for cracking down on electricity theft.

The Railway Minister was also briefed on cost-cutting measures in the Electrical Department. The Federal Minister directed to install electricity meters in all residential units of railway colonies.

He was also informed about the repair work on the track affected by floods and rains. Shahid Ashraf Tarr directed DS Quetta to complete track maintenance work on the Sibbi Harnai section by September 30.

In the meeting, it was decided to modernize the Cairns Hospital and open the outdoor services of the hospital to the general public. All the hospitals managed by the railways will be upgraded at the direction of the caretaker minister.

In this regard, there will be no public-private partnership, the railway itself will upgrade the hospitals. The Railway Minister directed the administration to submit a business model by next Friday to earn revenue from Railway Hospitals.

Source: Pro Pakistani

5 Pakistani Players Sign Up for South Africa T20 2024 Auction

SA20 has revealed the list of players who have signed up for the auction for the second season of the league. ALong with international superstars, 5 Pakistani players have also signed up for the auction of SA20 season 2.

Five Pakistani players include, Naseem Shah, Shan Masood, Usama Mir, Usman Qadir, and Mohammad Nawaz.

Shan Masood, known for his solid strokeplay, has been valued at $44,550 USD while Usman Qadir has been added in $22,275 USD category. Mohammad Nawaz, an experienced all-rounder, shares the same value of $44,550 USD as Shan Masood, highlighting his versatility.

The young yet prime pacer Naseem Shah is also valued at $44,550 USD, promising some exciting moments on the field. Lastly, Usama Mir, a skilled spinner, worth $22,275 USD and is expected to show his spinning skills in the tournament.

The SA20 tournament will take place from 10th January to 10th February, featuring six teams competing for the championship. The players have confirmed their availability due to the tournament taking place before the Pakistan Super League, however, the participation of the players will subject to their selection and PCB’s approval.

Source: Pro Pakistani

FIA and Greek Police Sign Agreement to Combat Human Trafficking

In a historic move towards the fight against Human Trafficking and Migrant Smuggling, the Federal Investigation Agency (FIA) of Pakistan and the Greek Police have solidified their commitment through the signing of a Memorandum of Understanding (MoU).

Under the leadership of the Director-General of FIA, this MoU represents a pivotal milestone against human trafficking and migrant smuggling.

This strategic partnership aims to facilitate the exchange of crucial information, strengthen mutual support in criminal investigations, and promote capacity-building initiatives.

This agreement underscores the need for both organizations to collaborate for their shared mission to combat transnational crimes and hold wrongdoers accountable. By uniting their resources and expertise, FIA and the Hellenic Police are poised to make significant strides in curbing these illicit activities that endanger lives and exploit vulnerable individuals.

Source: Pro Pakistani

FBR Issues Comprehensive Guidelines for Immovable Property Tax Payment

The Federal Board of Revenue (FBR) has released detailed guidelines for taxpayers to facilitate tax payments on immovable properties under section 7E of the Income Tax Ordinance 2001. These guidelines are available on FBR’s website to assist the general public.

The guidelines encompass both registered and unregistered users, offering step-by-step instructions on how to pay taxes on immovable properties. Under the ownership section, users are required to input specific details of the registering/transferring authority of immovable property, including province, district, complete address, town/tehsil, city/district, and total area.

Users are also prompted to declare whether the property is constructed or not, with options for “Yes” or “No.” If “Yes” is selected, the system prompts users to input the covered area.

In the case of “No,” users proceed to the next section, which entails declaring the property’s value and tax computation. Users must specify the property’s cost and fair market value, after which the system calculates the applicable tax.

Notably, FBR has already implemented the Lahore High Court’s (LHC) judgment regarding Section 7E (tax on deemed income basis) of the Income Tax Ordinance 2001. As a result, Section 7E no longer applies to cases within the LHC’s jurisdiction, regardless of filer or non-filer status.

Furthermore, FBR has eliminated the requirement for obtaining exemption certificates from the Commissioner of Inland Revenue for various taxpayer categories, including non-resident individuals, under Section 7E. This relaxation of procedural conditions has been outlined in Circular No. 3 of 2023.

To ensure smooth implementation of the newly-introduced sub-section (2A) and make addenda to Circular No. 1 of 2023-24, FBR has clarified that the circular’s contents do not apply to cases falling within the LHC’s jurisdiction unless the LHC’s judgment is overturned, suspended, or vacated through an intra-court appeal or by the Supreme Court of Pakistan.

FBR has also exempted non-resident individuals, including non-resident Pakistanis, from paying taxes on immovable properties under Section 7E of the Income Tax Ordinance 2001.

Additionally, the requirement to obtain exemption certificates from the Inland Revenue Commissioners in various cases has been relaxed, as specified in the circular.

The explanatory circular, issued to facilitate property sales and transfer transactions, will remain valid until an automated system for this purpose is developed, the FBR announced.

Moreover, the conditions outlined in Circular No. 1 of 2023-24 regarding obtaining a certificate from the Commissioner will not apply to the situations mentioned. However, the transferring authority of immovable property will maintain a comprehensive record of seller/transferor data and relevant documents for properties under sale/transfer within these specified situations.

This data will be regularly shared by the transferring authority with the concerned Chief Commissioner IR of the Regional Tax Office, starting from the circular’s issuance date.

The circular also clarifies that Section 7E of the Ordinance does not apply to immovable property owned by local authorities, development authorities, builders, and developers involved in land development and construction. This exemption is subject to their registration with the Directorate General of Designated Non-Financial Business and Professions (DNFBP).

Additionally, Section 7E provisions do not apply to properties acquired in the first year, provided that tax under section 236K has been duly paid by the purchaser.

In such cases, the seller/transferor must furnish a Computerized Payment Receipt (CPR) to the transferring authority, containing unique CPR information, the seller or transferor’s name, CNIC number, tax payment details under section 236K, date of payment, and tax year.

Furthermore, Section 7E of the Income Tax Ordinance 2001, does not apply to immovable properties allocated to Shaheed (martyrs) or their dependents, including those in the Pakistan Armed Forces, individuals who died in government service, war-wounded individuals in government service, ex-servicemen, serving personnel of armed forces, ex-employees, or serving personnel of the federal and provincial government. For individuals belonging to these categories, the conditions specified in Circular No. 1 of 2023 for furnishing evidence to the transferring authority do not apply.

Source: Pro Pakistani

Pakistan to host Global Health Security Summit in Nov: Dr Nadeem

Caretaker Minister for Health Dr Nadeem Jan says the Global Health Security agenda is the top-most priority of the government.

Chairing the Inter-Ministerial Health and Population Council meeting in Islamabad, he said in this regard, for the first time in history, Pakistan will host a Global Health Security Summit in November this year.

The Minister said leaders, top experts, and stakeholders from across the world will be invited to participate in the summit.

He said this summit will help Pakistan to finalize its strategic roadmap to tackle health emergencies and epidemics effectively in the country.

Emphasizing the need to develop integrated strategies for disease eradication, he said the federal Ministry of Health will ensure all possible support to control the infectious diseases in the country.

Source: Radio Pakistan