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Federal Board of Revenue (FBR) said that the board will disburse Rs.32 billion pending sale tax refunds to exporters on November 1 (today). This move comes after the Chairman FBR directed the speedy processing of refund payment orders up to September 30, 2024, said a FBR statement. Separately, the Federal Board of Revenue (FBR) launched an advanced Stock Register system via the Information Center 2.0 platform to provide officers real-time, in-depth access to registered persons’ data, bolstering transparency and securing compliance with Income Tax (IT) and Sales Tax (ST) regulations. A press statement said the board launched the system under the direction of the Chairman FBR as part of FBR’s comprehensive digitalization efforts to optimize tax administration and boost revenue collection. Read more: FBR rules out further extension in deadline for filling income tax returns The system functions as a sophisticated management information and reporting system, empowering tax officers t

from The Indian Express https://ift.tt/VP5X3Ac

WASHINGTON: The US State Department has again rejected allegations suggesting American involvement in the ousting of former prime minister Imran Khan on Thursday. Addressing a press conference in Washington, US State Department Spokesperson Matthew Miller denied any US involvement in the removal of former prime minister, Imran Khan. Miller clarified that allegations of American interference in the ousting of the PTI founder are “baseless.” In response to a question referencing claims by Latif Khosa that the PTI founder would be released if Trump wins the upcoming US election and that Donald Lu was involved in a conspiracy against the former premier, US State Department spokesperson Miller firmly stated: “The legal proceedings against the former Prime Minister are a matter for Pakistani courts alone to decide.” He added that decisions regarding Pakistan’s political matters rest solely with the Pakistani people. Read more: PTI founder will come out of jail in November, claims L

ISLAMABAD: PTI Senator Sania Nishtar has tendered resignation from her seat of the upper house of the Parliament, citing sources ARY News reported on Wednesday. Sania Nishtar, former special assistant to the PM in the Pakistan Tehrik-e-Insaf (PTI) government, has submitted her resignation from the parliament seat in the Senate Secretariat, sources said. Sources said that Nishtar has submitted her resignation after joining a Geneva based international organization. Sania Nishtar was elected senator on a seat of Khyber Pakhtunkhwa in 2021 election of the Senate. Sania Nishtar a physician by profession, was appointed CEO of Gavi, the Vaccine Alliance in 2024. She previously served as Special Assistant on Poverty Alleviation and Social Safety to the Prime Minister of Pakistan, with the status of federal minister, and chairperson of Benazir Income Support Programme (BISP) and Ehsaas Programme. She had also served previously in the interim federal cabinet in 2013 overseeing public heal

The Federal Board of Revenue (FBR) has raised property valuation rates for immovable properties in 56 cities, ARY News reported on Wednesday. According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decision aims to enhance revenue collection and reduce the undervaluation of properties. The updated rates reflect the FBR’s commitment to align the property values with their real market worth, expanding the number of cities affected from 42 to 56, in line with World Bank stipulations. The new valuation rates, include separate categories for commercial, industrial, and residential properties. The detailed notification of these revised rates is expected to be made public soon, following the approval from the FBR chairman. The changes will potentially raise property values by up to 75% in some cases, as part of a broader effort to realign with current market conditions and boost fiscal revenues. Read more: 

Bollywood A-lister Ranbir Kapoor is the next megastar like Shah Rukh Khan, believes an Indian cinema critic and trade analyst. To Read Lifestyle Stories in Urdu- Click Here In a new interview with an Indian media outlet, leading Box Office trade analyst, Taran Adarsh spoke about last year’s blockbusters and the Bollywood stars who bounced back successfully after a string of flops. He cited Ranbir Kapoor as an example, whose action entertainer by Sandeep Reddy Vanga was the third highest-grossing Bollywood film last year, following Shah Rukh Khan’s ‘Pathaan’ and ‘Jawan’ in the top two spots, terming the former the next-gen megastar like SRK. “I didn’t get a chance to watch Animal in the theatres or the preview screenings at T-Series,” Adarsh revealed. “I saw Animal on Netflix once first, then once more, and once again. I saw it thrice and every time I saw it, I felt it was a fantastic film.” “Anyone can judge me for it but I don’t care. But I loved the film. Sandeep Reddy Vang

JAKARTA, Indonesia: When riots broke out in Indonesia’s capital in 1998 leading to dictator Suharto’s downfall, activists were detained, women raped, and stores owned by ethnic Chinese ransacked in unrest many say was stoked by the army. The military figure in charge of Jakarta’s security at the time was last week sworn in as the new defence minister of the world’s fourth-most populous nation. Sjafrie Sjamsoeddin, 72, has been accused by rights groups of abuses during the riots, as well as against separatists in East Timor, Aceh and Papua. “Human rights enforcement is increasingly bleak,” said Maria Catarina Sumarsih, whose son was shot dead in late 1998 by the army after the fall of Suharto. “We might see Indonesia returning to a militaristic state, like during Suharto’s era.” Sjafrie is a close friend of newly inaugurated President Prabowo Subianto, having met at a military academy where they were classmates. Both made the rank of general, but both have also been implicated in