Author: Bushra -

KARACHI: According to a notification of the Ministry of Commerce, the local exporters will be able to begin their export from May 25. The tasty and fully grown sindhri or chaunsa varieties would be available by May’s end or the first week of June, according to sources. Fully ripened mangoes will be available with great shape and taste in the hot weather conditions that are essential for the ripening of fruit. Considering the delay in mango season owing to global warming, the government has extended the commencement date of mango export to May 25,2021. Federation of Pakistan Chambers of Commerce…

ISLAMABAD: The rates of sales tax on domestic supply of petroleum products has been reduced according to Federal Board of Revenue (FBR) by May 01,2021. The FBR has amended S.R.O. 57(I)/2016 (sales tax on petroleum products) through a notification S.R.O. 557 (I)/2021 issued on Monday. According to the notification, the standard rate of 17 percent would remain applicable on Motor spirit and High-speed diesel oil from May 1. The federal government had kept the prices of petroleum products unchanged for the first half of May ahead of Eid ul Fitr. The Federal Board of Revenue (FBR) has reduced sales tax…

Eid holidays in UAE notification 2021: Dubai: The Ministry of Human Resources and Emiratization has announced Eid-Al -Fitr holidays in UAE for 2021. Since Ramadan commenced on Tuesday, April 13, Eid will fall on either Wednesday, May 12 or Thursday, May 13. Eid-Al-Fitr is a celebration, which marks the end of Ramadan. From its name ‘Fitr’ (breakfast), it is a celebration of ending a whole month of fasting for Muslims. The first day of Eid-Al-Fitr ultimately depends on the observation of the moon by the moon-sighting committee. According to a tweet by the ministry, the paid holidays on the occasion of Eid -Al -Fitr…

KARACHI: Pakistan has achieved a new record in its Exports history by exporting high quantity of kinnows during 2020-2021. A significant demand of Pakistani kinnow in pandemic is observed to strengthen the immune system against the coronavirus. 30% increase in export of kinnow during 2020-2021. Pakistan exported 460,000 tons of kinnow to 40 countries during the export season as compared to last year export volume of 353,000 tons. Pakistan earned valuable foreign exchange worth $253 million. The Patron-In-Chief of the Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA), Waheed Ahmed, stated that Pakistan had exported 460,000 tons of…

Amazon in Pakistan ! ISLAMABAD :Adviser to the Prime Minister of Pakistan on Commerce and Investment Abdul Razak Dawood said on Thursday that Pakistan would be added to e-commerce giant Amazon’s sellers list within the next few days. Abdul Razak Dawood confirmed that it is a great opportunity for Pakistani youth, SMEs and women entrepreneurs. The adviser said that they have been engaged with Amazon since last year and now it’s happening. https://twitter.com/razak_dawood/status/1390192998995021824?s=20 Special Assistant to Prime Minister on Political Affairs (SAPM) Shahbaz Gill said Amazon has added Pakistan to its approved seller’s list. Crediting the PTI government for the…

Governor State Bank of Pakistan (SBP) Dr Reza Baqir addressed in a webinar jointly hosted by SBP and Unilever Pakistan to create awareness about the SBP’s Renewable Energy Financing Scheme which has been used by Unilever to convert 30% of its factories to renewable energy. The webinar was attended by various chambers, media organizations, Presidents and CEOs of banks, energy experts, representatives of Pakistan Business Council and senior officials from SBP.  As of February 2021 , financing of around Rs36 billion have been extended for 521 projects producing approximately 850 MW.  Dr Reza Baqir said that financing for sustainable development…

ISLAMABAD: on Monday The interior ministry announced ”Eid-ul-Fitr holidays” in the country from May 10 to 15. Eid holidays notification 2021 According to a spokesperson for the ministry, the notification for the Eid holidays was issued based on the recommendations of the National Command and Operation Centre (NCOC) and with the approval of PM Imran Khan. The Covid-19 standard operating procedures(SOP’s) for Eid have already been issued, the spokesperson added. This year’s Eid comes as Pakistan struggles to contain a third wave of coronavirus infections, with more than 800,000 cases and 18,000 deaths declared and only a fraction of the…

RAWALPINDI: The Chief of the Army Staff (COAS) General Qamar Javed Bajwa on Monday applauded the Chinese ambassador for his country’s contribution to Pakistan’s fight against the coronavirus pandemic, said a statement issued by the Inter-Services Public Relations (ISPR). China is one of the first countries that donated the coronavirus vaccine to Pakistan. The country is currently using mostly Chinese-made vaccines in its immunization drive. China donates 500,000 doses of coronavirus vaccine by Sinopharm to Pakistan. China has already donated 1.5mn doses of the coronavirus vaccine to Pakistan. ” General Qamar Javed Bajwa thanked the China’s contribution towards the fight…

The Government has made teaching of the Holy Quran with translation mandatory for all the schools by August 2021. The teaching of the Holy Quran has been made a compulsory part of the curricula of most of the schools across Pakistan for the next academic year that will start in August. As Quran is a complete code of life and provides right path to everyone and would help to win God’s favour. Therefore government has been decided to taught this Holy book to all muslim students for better understanding  in their lives  i.e from academic to professional time period. Teachers…

ISLAMABAD: Prime Minister Imran Khan on Saturday commended the Federal Board of Revenue’s (FBR) efforts on achieving growth of 57 percent in April 2021 with revenue collections recorded at Rs382 billion, compared to Rs240 billion in April last year. Revenue collection for the period 2021 vs 2020: According to the provisional information, FBR has collected net revenue of Rs3,780 billion during Jul-April period, which has exceeded the target of Rs3,637 billion by more than Rs143 billion. This represents a growth of about 14 percent over the collection of Rs3,320 billion during the same period last year. In a tweet, prime…