The Lahore High Court has ruled that the auto parts replaced under the warranty given by the manufacturers are not taxable as the cost of the replacements is incorporated in the original price of the vehicle that already includes the sales tax. A two-judge bench headed by Justice Shams Mahmood Mirza reached this conclusion, allowing a sales tax reference by M/s Honda Atlas Cars (Pakistan) Ltd a
LAHORE: In a bid to control the rising prices of sugar, the Punjab government promulgated an order late on Friday evening, authorising the cane commissioner and deputy commissioners to regulate trade of the commodity, from fixing the rate to storage, transport and distribution of the sweetener. The Punjab Foodstuffs (Sugar) Order, 2023 issued under Section 3 of the Punjab Foodstuffs (Control) A
1- IBA, Bank Islami, programme for youth.... 2- Bank Alfalah launches #GreenWayForward .... 3- Greenfield refinery project .... 4- ‘People First 10.0’ initiative ....
In Greek mythology, Sisyphus faced an eternal chore: he had to push a large rock up a hill. However, whenever he neared the top, the sheer weight of the rock would overwhelm him, his arms would give way, and the boulder would roll back down the hill. As a result, Sisyphus had to start the laborious task all over again. Despite the endless nature of his punishment, one wonders if Sisyphus experi
On January 13, 2023, the State Bank of Pakistan (SBP) issued five retail digital banks (RDB) No-Objection Certificates. The SBP communication advised that the successful applicants were Easypaisa Digital Bank (Alipay and Telenor), Hugo Bank (Getz, Atlas, and M&P), KT Bank (Kuda, Fatimah Fertiliser, and City School), Mashreq Bank, and Raqami Islamic Digital Bank (PKIC, Enertec, and Planet N). It al