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CAD shrinks to $1.1bn in Sep from $1.47bn in Aug: SBP

Pakistan’s current account deficit has contracted to $1.11 billion in September 2021, the State Bank of Pakistan says in its reports.

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CAD shrinks to $1.1bn in Sep from $1.47bn in Aug: SBP
GNN Media: Representational Photo

The current account balance recorded a surplus of $27 million in the same period of last, the State Bank of Pakistan (SBP) reported on Tuesday.

In September, the deficit amounted to $1.11 billion. It was 24.48% lower than the deficit recorded in the previous month of August.

The data showed during 1QFY22, the country’s deficit reached $3.4 billion compared with a surplus of $865 million during the same period last year.

The central bank wrote on Twitter: “A strong rebound in economic activity and higher [international] commodity prices kept the [current account deficit] at an elevated level of $3.4 billion in Q1-FY22.”

 

Faisal Ali Ghumman

Mr. Ghumman is a seasoned journalist who has 19 years of diversified experience in print, electronic and digital media. He has worked with 92 News HD, Daily Pakistan Today, Daily The Business, Daily Dawn, Daily Times and Pakistan Observer as News Reporter, Feature Writer, Editor, Web Content Editor and Article Writer. Mr Ghumman has graduated from the Bahauddin Zakariya University Multan and is currently enrolled in M.Phil in Mass Communication at the University of Punjab.

Business

President apologizes to an aged taxpayer over administrative injustice of FBR

Arif Alvi directs FBR chairman to take punitive action against entire chain of decision-makers involved in case

Published by Faisal Waqas

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President apologizes to an aged taxpayer over administrative injustice of FBR

Islamabad: President Dr Arif Alvi has apologized to an aged taxpayer over administrative injustice by the Federal Board of Revenue.

In a press release issued on Sunday, the president expressed dismay over the treatment of an 82 years old tax payer by the FBR and directed FBR chairman to take punitive action against the entire chain of decision-makers involved in the case.

He directed the Chairman of FBR to look into the entire system of irresponsibility and corruption and take punitive action against the entire chain of decision makers involved in the case.

Dr Arif Alvi took exception to the decision of FBR against a senior citizen that refused him to refund a paltry sum of 2,333 rupees on frivolous grounds and dragged him into unnecessary litigation spanning over a year. Apologizing to the senior citizen Abdul Hamid Khan, the President said that our heads should hang in shame for the inconvenience caused by FBR to the senior citizen.

Apologizing to the senior citizen Abdul Hamid Khan, the president said that their heads should hang in shame for the inconvenience caused by the FBR to a senior citizen.

The president took exception to the decision of FBR against the senior citizen in which the bureau had refused to refund a paltry sum of Rs2,333 on frivolous grounds and dragged him into unnecessary litigation spanning over a year.

“Punitive action must be taken along the entire line of decision-makers in this case and Chairman FBR should ensure that those responsible, in particular, and others, in general, go through courses to teach them priorities and courtesies, he directed.

The president while rejecting FBR’s appeal in the instant complaint observed that it appeared that unlawful treatment meted out in the instant case with a view to irritate and humiliate the aging pensioner.

Abdul Hamid Khan (the complainant), a senior citizen of 82 years of age, had claimed a refund of Rs 2,333 on his income tax return for the year 2020 and submitted requisite documents of advance tax deduction of the PTCL and cell phone company bills on 19.10.2020.

The complainant e-filed refund application on 19th October, 2020 followed by representation to FBR Chairman on 24th December, 2020.

The Unit officer of FBR rejected his refund claim, on 29.01.2021, on the grounds that the applicant had failed to furnish the original certificates required for authentication.

The complainant then took up the matter with the Federal Tax Ombudsman (FTO) to seek redressal of his complaint.

The FTO investigated the matter and ordered FBR on 02.06.2021 to revisit the impugned order dated 19.01.2021 and pass a fresh order under section 170(4) of the ordinance, after providing the complainant the opportunity for hearing as per law.

It further ordered to identify and initiate disciplinary proceedings against the official who passed the impugned order in derogation of the law and procedures and dragged the aging taxpayer into unnecessary litigation as well as report compliance within 45 days. Consequently, FBR filed a representation with the president against the original order of FTO on 24.06.2021.

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Entertainment

Veteran actor Rasheed Naz passes away 

The news of sad demise of Rasheed has been revealed by his daughter-in-law and actress Madiha Rizvi who shared a post on her Instagram handle.

Published by Mehak Javed

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Veteran actor Rasheed Naz passes away 

Peshawar: Veteran Pakistani actor Rasheed Naz passed away on Monday, his family confirmed. He was 73.

The news of sad demise of Rasheed has been revealed by his daughter-in-law and actress Madiha Rizvi who shared a post on her Instagram handle.

“Rasheed Naz is no longer with us,” the actress wrote,

"Our beloved Baba Rashid Naz passed away this morning. Please recite Surah Al-Fatihah for the soul of the deceased," she added.

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Madiha Rizvi Official (@diyariz)

The veteran actor’s funeral prayers will be offered at Charsadda Road Eid Gah at 3PM.

Born in 1948, Rasheed started his television career as an actor in Pushto television play. He also worked in several Pashto, Hindko and Urdu language plays.

His first Urdu play was Aik Tha Gaoon (1973). The renowned star also worked in Pakistan's first private television play Dasht, telecast on N T M.

In 1988, he worked in his first Pashto film Zama Jang (in Urdu "Meri Jang"). His first Urdu film was Syed Noor's Dakait. He also worked in Shoaib Mansoor's film Khuda Ke Liye.

Rasheed Naz’s popular films include Karachi to Lahore, Varna, Khuda Ke Liye and others.

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Regional

Two colleges closed in Islamabad amid rising coronavirus cases

Six cases of COVID-19 have been reported in two colleges of Islamabad

Published by Faisal Waqas

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Two colleges closed in Islamabad amid rising coronavirus cases

Islamabad: Islamabad administration has closed two colleges after emerging coronavirus cases on Sunday. 

According to the details garnered, positive cases of COVID-19 have been reported in two colleges of the federal capital. In this regard, the Islamabad district health officer (DHO) has informed the Deputy Commissioner in a letter.

In the letter to the deputy commissioner (DC), the DHO informed that six cases of COVID-19 have been reported in two colleges. The DHO said that three Corona cases have been reported in IMCG G-6/1, while three Corona cases have also come to light in IMCG F-6/2. 

Following to the coronavirus cases, the district health officer directed to close the two colleges immediately till the next order and spray disinfectant.

The letter said that the federal administration should conduct contact tracing and testing in both the colleges, while the tests should also be conducted of close relatives to the infected female students.

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