Business

Model Customs Collector Gwadar collected revenue of over Rs 34.11 billion.
Chief Kelter Customs Balochistan said that it has collected 76.43 revenue more than the target in the last financial year.

He said that Rs 19.33 billion was collected in the last financial year and Rs 13.73 billion was collected from Gadani ship breaking.
2 billion 290 million in duties and taxes from Panchgurmand and Gabd.

The report said that in the anti-smuggling sector, more than Rs 3 billion worth of foreign goods were seized and the clearance process was started in a short time under the FBR policy.

Similarly, more than Rs 73 billion was collected from Quetta and Gwadar in terms of revenue.

ISLAMABAD: Prime Minister Imran Khan has inaugurated the first locally manufactured electric motorbike to promote an environmentally friendly environment in Pakistan.

This e-motorbike has been developed by a Pakistani company JOLTA ELECTRIC. This is an important step towards shifting the country’s automotive industry to electricity.
The e-bike is available in a variety of models, including scooters and sports bikes, which are low cost and do not require much repair.

The feature of this e-bike is that it will save energy and will be able to charge overnight while the special thing about it is that it has neither clutch nor gear.
These Jolta e-bikes will have a speed of 10 to 60 kilometers per hour. These bikes will be able to cover a distance of 60 to 100 kilometers once charged.
These e-bikes have motorized engines that do not emit pistons or fuel.

Inauguration of the e-motorbike is part of the current government’s five-year Pakistan Electric Vehicles Policy 2020-2025, which was approved last year.
The goal of this policy is to increase the share of electric market in passenger cars and heavy vehicles to 30% by 2030 and 90% by 2040.

According to the details, mobile phones are going to become more expensive. The government has imposed regulatory duty on the import of mobile phones to encourage the manufacture of mobile phones locally. The amended customs codes have been issued by the Federal Board of Revenue.

Mobile phones up to 30 30 will have a duty of Rs 300 per set, while mobile phones up to 30 to 100 100 will have a duty of Rs 3,000.

In the federal budget, while the customs duty on small mobile phone imports has been increased, the import duty on handsets ranging from 350 to 500 has been reduced from Rs 17,000 to Rs 15,000. Import duty on surplus seats has been reduced from Rs 31,000 to Rs 22,000.

It may be recalled that earlier the government had given a big tax rebate on expensive smartphones. The duty on mobile phones costing less than 500 and more than 350 350 was reduced from Rs 17,650 to Rs 15,000 per set while Rs 500 per set. The duty on mobile phones worth more than a dollar was reduced from Rs 31,520 to Rs 22,000.

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According to the details, the statistics agency has released a report on inflation in all the four provinces. Sindh has recorded the highest inflation among the four provinces.

According to the report of the Bureau of Statistics, Punjab ranks second in inflation after Sindh. After Sindh and Punjab, the city ranks third in terms of inflation. The lowest inflation has been recorded in Balochistan province.

According to the statistics report, inflation in Karachi was higher than all other cities in the country, with Sukkur and Khuzdar having the lowest inflation rate. Islamabad ranks sixth among other cities in terms of inflation. Inflation has been recorded in Gujranwala.

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Mobile calls, internet data and SMS will not be taxed: Finance Minister Shaukat Tareen
ISLAMABAD: Federal Minister for Finance Shaukat Tareen has said that the Prime Minister and the Cabinet have opposed the imposition of tax on mobile calls, internet data and SMS, after which all of them are not being taxed.

According to details, Finance Minister Shaukat Tareen while addressing a post-budget press conference in Islamabad said that the Prime Minister and the Cabinet have opposed the imposition of tax on mobile calls and internet data, on which these proposals are now being scrapped. Shaukat Tareen said that the budget had proposed a tax of one rupee per call for more than 3 minutes which is now being scrapped. He further said that internet data, mobile phone calls and SMS will not be expensive.

Shaukat Tareen said that we have presented the growth budget yesterday and our challenge is to stabilize the growth, we have to earn dollars by increasing exports, next financial year we will collect additional tax of Rs 500 billion while electricity and gas bills. Will reach the non-filer via

He said that big retailers have sales of Rs 1,500 billion, sales tax has to be levied on all big stores, consumers will be rewarded if they get a slip, such successful schemes have come up in Turkey and other countries.

The Finance Minister said that the poor in the country have not received loans and training for 70 years, the farmers younger than 70 years have not received anything, loans will be given from commercial banks to small welfare banks, in the first phase to 4 million people. We will provide employment and give Rs. 1.5 lakhs to small farmers while also giving lists of small farmers and poor to banks, loans up to Rs. 20 lakhs for their roof and loans to poor farmers up to Rs. 5 lakhs. ۔

He further said that Pakistan has become a food deficient country, now we are importing what we used to export, we are also importing pulses, wheat and sugar, we did not pay attention to our crops, now we will pay attention to it. ۔

In the budget 2021-22, per capita income increased by 15%, according to which the minimum wage has been announced to be Rs 20,000 per month.

According to details, Federal Minister for Finance Shaukat Tareen is presenting the budget in a meeting chaired by Speaker National Assembly Asad Qaiser in which he has announced to raise the minimum wage of workers in the country to Rs 20,000.

Per capita income increased by 15% according to which it has been decided to increase the minimum wage to Rs. 20,000 per month. Federal government employees will be provided 10% ad hoc relief. Pension of all pensioners will be increased by 10%. It has been increased from Rs 14,000 to Rs 17,000.

In addition, in the new financial year 2021-2022, a subsidy of Rs 682 billion was given to the people.

It may be recalled that the federal government of Pakistan Tehreek-e-Insaf (PTI) presented the budget for the financial year 22-2021 in the National Assembly. The total volume of the budget is Rs. 8,487 billion.

In the budget for the next financial year, the federal development budget has been allocated Rs 900 billion, Rs 1,373 billion for defense, Rs 3,060 billion for interest payments and Rs 160 billion for pensions and Rs 1,186 billion for provinces under NFC.

Rs 1373 billion has been allocated for defense. 178 billion for public order, Rs. 43 crore for environmental protection, Rs. 28 billion for health, Rs. 10 billion for entertainment, culture and religious affairs.

The budget document, Rs 3,060 billion has been allocated for interest payments.

The budget document, the provinces will be given Rs 1,186 billion under the NFC and Rs 100 billion will be allocated for dealing with emergencies.

According to the budget document, Rs 160 billion has been allocated for salaries and pensions.

According to the details, the world’s largest financial institution JP Morgan has released its report in which Pakistan has been declared as the best country for investment and it has been said that this year Pakistan’s GDP will be 4.7% and there is no risk factor in government securities. Is equal to

The JPMorgan report said that the rate of return in Pakistan will be 8.25% by 2024. The current account deficit in the GDP ratio will continue to decrease due to which there is a risk of inflation in food items including reduction in remittances.

On the other hand, Minister of State for Information and Broadcasting Farrukh Habib said in a statement on social networking site Twitter that JP Morgan, the world’s largest financial institution, in its report asked its investors to invest in Pakistan. Are

Farrukh Habib said that JP Morgan has predicted Pakistan’s GDP growth rate of 4.7 in 2021 and said that next year the economic volume will be 9 329 billion.

JP Morgan, the world’s largest investment financial institution, has released a report urging investors to invest in Pakistan. Economic conditions are improving here. JPMorgan forecasts Pakistan’s GDP growth rate to be 4.7 in 2021. Is.
Next year, the economic volume will be 9 329 billion.

The Minister of State added that JPMorgan had predicted Pakistan’s budget deficit to be 7.1% this year and 5.9% next year, bringing Pakistan’s debt-to-GDP ratio to 81.6% in 2020. Was 87.6.

According to details, Finance Minister Shaukat Tareen had a meeting with Usman Dar and discussed the allocation of significant amount for youth in the next budget.

Deciding to allocate Rs. 100 billion for successful youth program, it was said that Rs. 100 billion would be distributed for micro business this year.

The two leaders agreed to achieve the targets by 2023 in the next financial year itself and four different categories were decided for the distribution of funds.

It was decided in the meeting that the government would provide Rs. 1 lakh to 5 crore. Shaukat Tareen said that the process of distribution of money among the youth should continue uninterruptedly.

Finance Minister said that the successful youth program is a flagship project and will meet the expectations of the youth.

On the occasion, Special Assistant Usman Dar said that the successful youth program achieved the first target of distribution of Rs 10 billion. The distribution of Rs. 100 billion will be expedited.

The usman dar said that he was grateful for the personal interest and efforts of the Finance Minister. He directed the Prime Minister to take steps to uplift the youth who are investing directly in their youth.