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Chinese Premier promises Pakistani military assistance in combating terrorism

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1 day ago

Farwa

Ahead of the Shanghai Cooperation Organization (SCO) summit in Islamabad, Chinese Prime Minister Li Qiang had a crucial meeting with Pakistan’s top military leadership.

The Chairman of the Joint Chiefs of Staff Committee and the service chiefs of Pakistan’s armed forces met with Prime Minister Li at a high level. A strategic alliance that has been essential to maintaining security in the region, both parties reaffirmed their commitment to strengthening and growing it.

Many important topics, such as defense cooperation and counterterrorism initiatives, were discussed during the conference. In recognizing the efforts and sacrifices made by the armed forces to uphold security and stability in the area, Prime Minister Li complimented Pakistan’s military for playing a crucial role in the war against terror.

With an emphasis on the necessity of working together to address new security issues, Prime Minister Li Qiang pledged China’s ongoing support and cooperation in Pakistan’s fight against terrorism.

China’s Prime Minister Li Qiang reiterated earlier on Monday that China is committed to Pakistan’s development and prosperity, saying the relationship between the two countries is “eternal”.

Talking at the New Gwadar International Airport’s virtual inauguration, Li emphasized that the China-Pakistan Economic Corridor (CPEC) has reached a major turning point with the completion of this vital infrastructure project.

As a “world-class airport” that exemplifies the depth of Pakistan-China friendship, he emphasized the significance of Gwadar airport for improving regional connectivity.

Thanking the labor forces of both countries, he stated, “the airport’s completion will facilitate increased international trade and accelerate development in Pakistan’s western regions, particularly Gwadar.”

Memorandums of understanding (MoUs) between China and Pakistan were formalized during a signing ceremony that took place after the inauguration. Improvements in water resources, information and communication technology (ICT) cooperation, and smart classrooms are among the topics covered by these accords.

Business

Income tax return filing deadline extended once again

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1 day ago

Farwa

The due date for submitting income tax returns for the tax year 2023–24 was once again extended until October 31 by the Federal Board of Revenue on Tuesday.

The deadline of October 14 was earlier. The first deadline for filing tax returns was September 30, as stated in the income tax ordinance.

A three-day bank closure in Islamabad and Rawalpindi owing to the SCO summit, along with a request for an extension from business organizations and tax bar associations, are all included in the FBR.

4.537 million income tax returns were filed as of October 14, according to the FBR, an increase of 107.83 percent over the 2.183 million forms filed during the same period last year. The FBR got 6.464 million returns for the most recent tax year. It forecasts 1.927 million more returns to match the level of previous year.

Based on initial statistics, 1.059 million new filers were enrolled throughout the same time in 2024, from July 1, 2023, to October 14, 2024.

Latest News

SCO will allow Pakistan’s economy to flourish: Sherry Rehman

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1 day ago

Farwa

In order to foster economic growth, Pakistan will host high-level delegations for the SCO Summit, according to remarks made on Monday by Senator Sherry Rehman, the vice president of the Pakistan People’s Party (PPP).

According to Sherry Rehman, these high-level delegations were coming to the nation for diplomatic, economic, and strategic connections after decades. She was speaking to a private TV station.

For the summit to be successful, she underlined that political parties needed to put aside their disagreements and cooperate.

In her remarks, she emphasized that Pakistan is a major actor in the shifting economic trajectory towards Asia, making the 23rd SCO summit a critical geopolitical event.

Latest News

From October 22, a westerly wave is expected to deliver rain to Pakistan.

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1 day ago

Farwa

The westerly wave series is predicted to arrive in the nation on October 22, according to the Meteorological Department.

With a maximum expected to hit 34 degrees, today’s minimum temperature in Lahore is predicted to be 21 degrees Celsius. Thirty degrees Celsius is the current recorded temperature in the city.

It is observed that the humidity is at 67 percent and the wind speed is 8 km/h.

As the western winds move in, there’s a probability of rain in the northern areas starting on October 22, according to Akhtar Mahmood, the director of the meteorological department.

It’s not going to rain in Lahore, he said, even though the weather will get better.