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Onion export from Pakistan exceeds $210mn

By the end of this year, the export of onions will reach 250 million dollars

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Karachi: For the first time in the country's history, the export of onions from Pakistan has exceeded 210 million dollars, while by the end of this year, the said export will reach 250 million dollars, which is a record.

The spokesperson of Pakistan Fruit and Vegetable Exporters Association said that for the first time in the country's history, the export of onions has reached a record level, which is the highest in the history of any product including fruits and vegetables.

According to the spokesman, from July 2023 to April 2024, the export of onion from the country was recorded more than 210 million dollars, while earlier in the history of the country, there were only more exports of orange, which was 210 million dollars. He stated that by the end of this year, the export of onions will reach 250 million dollars.

According to the statement, due to the ban on the export of Indian onions, Pakistan has got new markets and now Pakistani onions have gained access to the major markets of the world, including the Far East and the Middle East.

He added that even in the top stores of the world, Pakistani onions are available for sale today. The government has to take immediate steps to increase the shelf life of onions as new markets for Pakistani onions may develop in the coming times.

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PM discards FBR’s two tax proposals for budget

The Federal Board of Revenue (FBR) had planned to collect billions of rupees from the two tax proposals

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Islamabad: Prime Minister Shehbaz Sharif Saturday rejected two important tax proposals of the Federal Board of Revenue (FBR) for the budget of the next financial year, GNN reported.

According to the details, the FBR had proposed to levy sales tax on various items at 18 to 19 percent and on petroleum products up to 18 percent.

The Federal Board of Revenue (FBR) had planned to collect billions of rupees from the two tax proposals.

Prime Minister Shehbaz Sharif rejected the FBR proposals and directed the Chairman Federal Board of Revenue to prepare alternative proposals.

The IMF had proposed to Pakistan to impose sales tax on petroleum products in the recent negotiations.

It is pertinent to note that the government has suspended the sales tax on petroleum products from March 2022. The federal government is already charging petroleum development levy of Rs60 per liter on petroleum products instead of sales tax.

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Over 300 buried in Papua New Guinea landslide

The landslide in the Pacific nation north of Australia buried more than 300 people and 1,182 houses

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Sydney: More than 300 people and over 1,100 houses were buried by a massive landslide that levelled a remote village in northern Papua New Guinea, local media reported on Saturday.

Hundreds are feared dead in the landslide that hit Kaokalam village in Enga Province, about 600 km (370 miles) northwest of capital Port Moresby, around 3:00am on Friday.

The landslide in the Pacific nation north of Australia buried more than 300 people and 1,182 houses, the Papua New Guinea Post Courier said, citing comments from a member of the country's parliament, Aimos Akem.

More than six villages had been impacted by the landslide in the province's Mulitaka region, Australia's Department of Foreign Affairs and Trade (DFAT) said on Saturday.

“Australia’s High Commission in Port Moresby is in close contact with PNG authorities for further assessments on the extent of the damage and casualties,” a DFAT spokesperson said in a statement.

The Australian Broadcasting Corp reported on Saturday that four bodies had been retrieved from the area after emergency teams reached the sparsely populated area, where the death toll is expected to rise.

The landslide has blocked highway access, making helicopters the only way to reach the area, the broadcaster reported.

Social media footage posted by villager Ninga Role showed people clambering over rocks, uprooted trees and mounds of dirt searching for survivors. Women could be heard weeping in the background.

Prime Minister James Marape has said disaster officials, the Defence Force and the Department of Works and Highways were assisting with relief and recovery efforts.

SOURCE: REUTERS

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