Author: Zahra Nadeem

FBR Extends Deadline for Filing Tax Returns

The Federal Board of Revenue (FBR) has extended the deadline for the submission of income tax returns for Tax Year 2019 to December 16, 2019 from November 30, 2019. Same is the case for the companies, which were due to submit returns for the Tax Year 2019 on September 30, 2019, later extended up to November 30, 2019. Companies that have paid 95 percent of the admitted tax liability on or before September 30, 2019, can submit returns by December 16, 2019.

TPL logistics launches Pakistan’s first live order tracking

Leveraging TPL Maps, Trakker and a strong drive for tech innovation, Rider has launched the first of its kind LIVE order tracking in Pakistan. In May, TPL Logistics launched Rider, a last mile delivery service focused on e-commerce and online sellers. The technology allows for smarter, faster and more accurate deliveries that address a multitude of COD related challenges.

Students develop a device that helps blind people read and write messages

Students from the Applied Physics Department of the University of Karachi have developed a machine called ‘Braille Display,’ which lets blind people send and read text messages. According to a student, they’ve been working on this project for over one year and at the moment the device can only process four-letter words but they are working to improve the technology.

Online retailer slapped Rs 50,000 fine for faulty product

A consumer court on Satur­day imposed fines on a leading online retailer for providing a faulty product to a customer. Dania Kashif, the customer  filed a complaint against Daraz.pk and contended that she ordered one Play-Doh DohVinci from the website, but the product was dry and in bad condition and the price mentioned on the box was Rs6,730 instead of Rs7,795. 

Government reduces fuel prices for December

The federal government has slashed the price of petroleum products up to 3.4 per cent “to provide relief to the consumers”. According to an official, the new prices will come into effect from Sunday, December 1, 2019. The Oil and Gas Regulatory Authority (Ogra) had recommended to reduce price of Light Diesel Oil around Rs 2.9 per litre and a nominal reduction in the prices of petrol by Rs0.25 or 0.2 per cent. 

Swedish king and queen demand end of curfew in Kashmir

King Carl Gustaf and Queen Silvia of Sweden have demanded an end to the curfew and communication blackout of the Jammu and Kashmir from Modi’s government. Moreover, the Royal couple has advised involving the people of Kashmir for a peaceful resolution of the Kashmir issue. The couple urged both the countries to to resolve all the issues with mutual consent as the world cannot afford a conflict between two nuclear powers.

Pakistan’s Stock Exchange posts largest monthly gain in 6 years

The Pakistan stock market has posted the largest gain since May 2013 as the market closed the month on a gain of more than 5084 points in a single month. The benchmark index saw a record-breaking gain during the month of November with astonishing volumes reaching more than 3.10 billion shares traded during the month alone, said Malik Fazal Nadeem, who is an Assistant Vice President at BMA Capital Management.

KP to launch Rs. 2 Billion interest-free loan scheme for youth

The Khyber Pakhtunkhwa (KP) government is going to introduce an interest-free loan program ‘Insaf Rozgar Scheme’ for the youth. The youngsters will be able to acquire interest-free loans ranging from Rs. 50,000 to Rs. 500,000 under this program with 33 months for repayment with a grace period of three months. The provincial cabinet decided to use the leftover funds of Rs. 2 billion from the ‘Khud Kalafat Scheme’ to launch this initiative across the province. 

Police arrest man for blackmailing girls with edited pictures and videos

Police officials in Dera Ghazi Khan have apprehended a man for blackmailing girls using fake social media accounts. According to SHO Police Station Civil Lines, Iftikhar Ahmad Malikani, the accused used to add girls to his fake social media accounts. Once befriended, the accused edited pictures and videos of the girls to blackmail and extort money from them.

Poland shows interest in extending trade ties with Pakistan

Poland has shown interest in enhancing bilateral trade with Pakistan. According to Poland Ambassador to Pakistan Piotr A Opalinski, Pakistan and Poland have good potential to trade many goods with each other as bilateral trade volume between Poland and Pakistan had increased to over half a billion euros. The envoy said Poland was located in central Europe and could become a hub for Pakistan’s exports to the European Union.