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In response to the increased threat posed by the Very Severe Cyclonic Storm (VSCS) "Birparjoy," Section 144 has been imp...
10/06/2023

In response to the increased threat posed by the Very Severe Cyclonic Storm (VSCS) "Birparjoy," Section 144 has been imposed in Karachi, as stated in a notification issued by the Karachi Commissioner. This measure includes a ban on entry to beaches in the city. The administration has also prohibited fishing, sailing, swimming, and bathing in the seas within Karachi's territorial limits from June 11 until the storm subsides. The decision was made to prevent any potential incidents of shipwreck or drowning.
The Pakistan Meteorological Department (PMD) has issued warnings to all relevant authorities, advising them to remain alert throughout the forecast period. The cyclone, located in the east-central Arabian Sea, has maintained its intensity and has been tracking northeastward. It currently lies at Latitude 15.5°N and Longitude 66.3°E, approximately 1,040 kilometers south of Karachi, 1,020 kilometers south of Thatta, and 1,110 kilometers southeast of Ormara, according to the Met Office.
Violations of the imposed orders will be dealt with by the respective deputy commissioners and assistant commissioners, in coordination with the relevant senior superintendent of police in the city. Those found in violation may face charges under section 188 PPC.
The PMD reports maximum sustained surface winds of 120 to 130 kilometers per hour, with gusts reaching 150 kilometers per hour near the center of the system. Favorable environmental conditions, including sea surface temperatures of 30°C to 32°C, low vertical wind shear, and upper-level divergence, continue to support the intensification of the storm.

The federal government exempted freelancers from sales tax registration and returns on annual exports of up to $24,000 i...
10/06/2023

The federal government exempted freelancers from sales tax registration and returns on annual exports of up to $24,000 in the budget 2023-24.
Ishaq Dar stated during his budget speech in the National Assembly that IT and IT Enabled Services are the fastest growing sectors of the economy and have a significant share of exports; however, due to global economic problems, this sector is also suffering.
He stated that he continues to believe that this sector will be a growth engine in the coming years. In terms of Free Lancers doing business, Pakistan ranks second in the world. To address their problems and the problems of the sector as a whole, the following steps are being taken: to increase exports, a 0.25% income tax concession is in effect. According to the finance minister, this facility will be extended until June 30, 2026. Freelancers used to have trouble collecting monthly sales tax returns. Free Lancers have been exempted from sales tax registration and returns on exports up to $24,000 per year to help the business environment.

09/06/2023
Customs duty on raw materials for solar panel manufacturing has been abolished.According to the finance bill, the custom...
09/06/2023

Customs duty on raw materials for solar panel manufacturing has been abolished.
According to the finance bill, the customs duty on raw materials for the manufacture of solar panel batteries has been abolished.
The duty on the import of solar panel machinery has been abolished, the duty on the raw material of solar panel inverter has also been abolished.
The total size of the budget for the next financial year 2023-24 is 14 thousand 460 billion rupees.

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