Latest News

First Pakistan-Russia Trade and Investment Forum

Published

2 weeks ago

Farwa

Currently taking place in Moscow is the inaugural Pakistan-Russia Trade and Investment Forum.

A delegation of Pakistani businesses is in Moscow for the Business to Business Forum, under the leadership of Federal Minister of Privatization and Communications, Abdul Aleem Khan.

Over 70 Pakistani businessmen from various sectors make up the group, while over 100 Russian companies are taking part in the Trade and Investment Forum.

“Our current trade volume does not reflect the potential of two countries,” Privatization Minister Abdul Aleem Khan remarked in his speech to the Forum.

He stated that we want to increase investment and trade.
We have the most liberal trade and investment policies, and Pakistan is the fifth-largest country.

Considering that over 60 Pakistani businesspeople attended the forum with Aleem Khan, he expressed great optimism for the growth of bilateral trade between the two nations.

Adding that Pakistan and Russia have longstanding diplomatic and commercial ties, he added that today marks the beginning of new bilateral ties.

He stated that the Pakistani government places great significance on its connections with Russia.

Alexey Gruzdev, the deputy minister of trade and investment for Russia, welcomed the delegates from Pakistan and stated that the meeting will improve bilateral ties between the two nations.

He claimed that new channels for investment and trade between the two nations will be opened up by this forum.
Russia’s commercial potential with Pakistan will rise, according to Pakistan’s ambassador to Moscow, Muhammad Khalid Jamali. Both countries stand to gain from the commerce, he said. He remarked, “In 2022, we signed an agreement for road transport.”

Business

Income tax return filing deadline extended once again

Published

24 hours 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

Published

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.

Published

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.