Friday, August 21, 2020

FBR uncovers Rs4.36bn sales tax evasion in Lahore

FBR uncovers Rs4.36bn sales tax evasion
The Federal Board of Revenue has uncovered tax evasion worth Rs4.36 billion in a registered manufacturing unit in Lahore.

As per details, a food manufacturing unit in Lahore was raided by director Intelligence and Investigations-IR Lahore, where the fraud was unearthed.

The unit saved tax of Rs4.36 by hiding its actual production and sales. The case for the recovery of the sales tax from the food manufacturing unit has been sent to the field office of the FBR.

Last week, Chairman of Federal Board of Revenue Javed Ghani had issued directions to all the FBR field offices to expedite operation against tax evasion and play an active role to stop the menace of fake and flying invoices.

In a statement, the chairman had explained that all those who are found involved in fake and flying invoices and causing tax evasion would be dealt with strictly in accordance with the law.

The organization would also take prompt action against its own employee if the employee is found involved in crime.



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No one understands depth of Pakistan's ties with Saudi Arabia: FM Qureshi

Foreign Minister Shah Mahmood Qureshi
Foreign Minister Shah Mahmood Qureshi on Friday categorically rejected speculation that Pakistan and Saudi Arabia's ties had deteriorated, adding that both countries were each others' "support and necessity".

"Pakistan and Saudi Arabia's ties are and were always better," said the foreign minister, speaking to private new channel. "I think no one understands the depth of our relations with each other. We are each others' necessity and support," he added.

He pointed towards Saudi Arabia's stance on the issue of Israel, adding that the kingdom had not strayed from its historic stance on the issue and that Pakistan held the same view.

FM Qureshi said that Gen Bajwa recently visited Riyadh where he held important meetings. He expressed the desire for future meetings to be held with Saudi Arabia on important issues, hoping that Pakistan and Saudi Arabia both fulfill the targets and expectations they had of each other.

Kashmir important for both China and Pakistan

The foreign minister spoke about his visit to China, stating that lots of developments had taken place over the past one year that needed to be discussed between the two countries.

"Pakistan, with the help of China, raised the issue of occupied Kashmir three times at the UN Security Council in one year," he said. "China had a standoff with India as well on occupied Kashmir, which has not ended. Hence, you can see that Kashmir is important for both countries," he added.

The minister said that Pakistan and China will also discuss the evolving situation in Afghanistan, as both the government and Taliban move closer towards a political settlement after the exchange of prisoners there.

FM Qureshi revealed that before the trip, he held detailed discussions with PM Imran and Gen Bajwa. He said that people from the foreign office and those representing the GHQ were also accompanying him on the trip.

He said that CPEC will also come under discussion during his visit and both countries have to discuss the time frame of certain schemes part of the project, which included Gwadar, and also deliberate on its targets.

FM Qureshi arrives in China

Qureshi Thursday arrived in southern China’s Hainan province to attend the second meeting of the China-Pakistan Foreign Ministers’ Strategic Dialogue. He will lead the Pakistani side while the Chinese side will be led by China’s State Councilor and Foreign Minister Wang Yi.

The Chinese Foreign Ministry’s spokesperson said the visit would help the two countries enhance strategic mutual trust, deepen practical cooperation and strengthen close coordination on international and regional affairs.

“This dialogue mechanism is a platform for the two sides to coordinate exchanges and cooperation in various fields, make policy suggestions on the development of bilateral ties and enhance coordination and co-communication on the international and regional issues,” the spokesperson said.

The first dialogue was held in Beijing last year on March 19, which led to many consensuses and played an important role in the development of bilateral relations.



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Business centers, entities to remain open from 8am to 10pm in Punjab

business centres open in punjab
In Punjab, all business centers and entities will remain open from 8 am to 10 pm.

This was decided in a meeting held on the instructions of Chief Minister Punjab Sardar Usman Buzdar in Lahore.

Provincial Law Minister Raja Basharat chaired the meeting.

The meeting decided that clinics, pharmacy and grocery stores will be exempted from these timings.

The meeting also decided that wearing mask in bazaars and markets will be compulsory.

 



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FBR uncovers Rs4.36bn sales tax evasion in Lahore

FBR uncovers Rs4.36bn sales tax evasion
The Federal Board of Revenue has uncovered tax evasion worth Rs4.36 billion in a registered manufacturing unit in Lahore.

As per details, a food manufacturing unit in Lahore was raided by director Intelligence and Investigations-IR Lahore, where the fraud was unearthed.

The unit saved tax of Rs4.36 by hiding its actual production and sales. The case for the recovery of the sales tax from the food manufacturing unit has been sent to the field office of the FBR.

Last week, Chairman of Federal Board of Revenue Javed Ghani had issued directions to all the FBR field offices to expedite operation against tax evasion and play an active role to stop the menace of fake and flying invoices.

In a statement, the chairman had explained that all those who are found involved in fake and flying invoices and causing tax evasion would be dealt with strictly in accordance with the law.

The organization would also take prompt action against its own employee if the employee is found involved in crime.



from latest-news - SUCH TV https://ift.tt/3jdlYwH

No one understands depth of Pakistan's ties with Saudi Arabia: FM Qureshi

Foreign Minister Shah Mahmood Qureshi
Foreign Minister Shah Mahmood Qureshi on Friday categorically rejected speculation that Pakistan and Saudi Arabia's ties had deteriorated, adding that both countries were each others' "support and necessity".

"Pakistan and Saudi Arabia's ties are and were always better," said the foreign minister, speaking to private new channel. "I think no one understands the depth of our relations with each other. We are each others' necessity and support," he added.

He pointed towards Saudi Arabia's stance on the issue of Israel, adding that the kingdom had not strayed from its historic stance on the issue and that Pakistan held the same view.

FM Qureshi said that Gen Bajwa recently visited Riyadh where he held important meetings. He expressed the desire for future meetings to be held with Saudi Arabia on important issues, hoping that Pakistan and Saudi Arabia both fulfill the targets and expectations they had of each other.

Kashmir important for both China and Pakistan

The foreign minister spoke about his visit to China, stating that lots of developments had taken place over the past one year that needed to be discussed between the two countries.

"Pakistan, with the help of China, raised the issue of occupied Kashmir three times at the UN Security Council in one year," he said. "China had a standoff with India as well on occupied Kashmir, which has not ended. Hence, you can see that Kashmir is important for both countries," he added.

The minister said that Pakistan and China will also discuss the evolving situation in Afghanistan, as both the government and Taliban move closer towards a political settlement after the exchange of prisoners there.

FM Qureshi revealed that before the trip, he held detailed discussions with PM Imran and Gen Bajwa. He said that people from the foreign office and those representing the GHQ were also accompanying him on the trip.

He said that CPEC will also come under discussion during his visit and both countries have to discuss the time frame of certain schemes part of the project, which included Gwadar, and also deliberate on its targets.

FM Qureshi arrives in China

Qureshi Thursday arrived in southern China’s Hainan province to attend the second meeting of the China-Pakistan Foreign Ministers’ Strategic Dialogue. He will lead the Pakistani side while the Chinese side will be led by China’s State Councilor and Foreign Minister Wang Yi.

The Chinese Foreign Ministry’s spokesperson said the visit would help the two countries enhance strategic mutual trust, deepen practical cooperation and strengthen close coordination on international and regional affairs.

“This dialogue mechanism is a platform for the two sides to coordinate exchanges and cooperation in various fields, make policy suggestions on the development of bilateral ties and enhance coordination and co-communication on the international and regional issues,” the spokesperson said.

The first dialogue was held in Beijing last year on March 19, which led to many consensuses and played an important role in the development of bilateral relations.



from latest-news - SUCH TV https://ift.tt/3hh7R8J

Business centers, entities to remain open from 8am to 10pm in Punjab

business centres open in punjab
In Punjab, all business centers and entities will remain open from 8 am to 10 pm.

This was decided in a meeting held on the instructions of Chief Minister Punjab Sardar Usman Buzdar in Lahore.

Provincial Law Minister Raja Basharat chaired the meeting.

The meeting decided that clinics, pharmacy and grocery stores will be exempted from these timings.

The meeting also decided that wearing mask in bazaars and markets will be compulsory.

 



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Thursday, August 20, 2020

Iran says it detained a UAE ship and its crew

Iran says it detained a UAE ship and its crew
Iran seized a United Arab Emirates-registered ship violating its territorial waters this week, Iran’s Foreign Ministry said on Thursday, adding that UAE coastguards killed two Iranian fishermen on the same day.

Tensions have risen between the two countries, which face each other across the Gulf, since last week’s agreement between the Gulf state and Tehran’s arch-foe Israel to normalise ties.

Iranian state television quoted a ministry statement as saying that the Emirati ship was seized by Iran’s coastguards and its crew were detained due to illegal traffic in Iranian waters.

It added that on the same day, UAE guards shot dead two Iranian fishermen and seized a boat. It said the UAE has apologised for the incident.

The UAE Foreign Ministry declined to comment when contacted by Reuters.

The Iranian statement said Iran summoned the UAE charge d’affaires in Tehran after the incident to demand the release of the detained boat and the fishermen.

“As a result of Iran’s efforts, the UAE authorities ... in a note on Wednesday, expressed their deep regret over the incident and announced their readiness to compensate for all the damage caused,” it said.

The Iranian boat and its crew have been released, the statement said, while the legal process of transferring the bodies of the dead is underway.

UAE state news agency WAM reported on Monday that the state’s coastguards had tried to stop eight fishing boats which violated its territorial waters northwest of Sir Bu Nu’Ayr island. It did not mention any casualties or seizures of a boat.

Although incidents regarding fishing boats are frequent between Iran and its Gulf Arab neighbours, Iran warned of any aggression against its interests and citizens”, saying in the statement, “Tehran will take all necessary measures to protect its vessels and citizens in the Persian Gulf”.



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Islamabad court dismisses Gill’s bail plea in sedition case

A District and Sessions court of Islamabad dismissed the post arrest bail petition of PTI leader Shahbaz Gill on Tuesday. Additional Dist...