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FBR serves discover on journalist Imran Riaz Khan for revenue tax audit



ISLAMABAD: The Federal Board of Income (FBR) has picked the case of anchor individual Imran Riaz Khan asking for revenue tax audit.

Doc out there with this scribe state that Commissioner Inland Income Zone-II Noman Malik has served discover on Imran Riaz Khan with regard to number of case for audit u/s 177 of the revenue tax ordinance , 2001 for the tax 12 months 2020.

“You may have filed return of complete revenue for the 12 months underneath reference declaring revenue at Rs 15.5 million and your case for the Tax Yr 2020 has been chosen for audit of your revenue tax affairs u/s 177 of the Earnings Tax Ordinance, 2001 for the next causes,” the discover reads.

It additional says that as per Wealth Assertion, the anchor individual has declared liabilities amounting to Rs. 25.4 million.

“Whether or not the mentioned quantity was acquired by crossed cheque or not must be seemed into in view of the provisions of Part 39(3) & 34(5) of the of Earnings Tax Ordinance. 2001,” the discover reads.

The discover states that Khan has declared residential property ‘Plot No 65 Millat Tractors Workers Society – Residential Plot 2 /Canals Lahore’ amounting to Rs 36.5 million, nonetheless, within the tax 12 months 2021 he declared “65 , 66 Millat Tractors Housing Society Lahore – Residential Home Constructed” at Rs. 32.5 million.

“It clearly transpires that regardless of addition in property No 66 and price of development, calculation of the property has been decreased. This side must be verified u/s 111  of Earnings Tax Ordinance, 2001 for concealment of price and development bills,” the discover reads.

The discover reads that Khan has added 72 kanals of agricultural land located at ‘Moza Ratni Wal Tehsil Ferozewala’ District Sheikhupura amounting to Rs 7.4 million.

“This must be checked whether or not the mentioned agricultural property is asserted at price in accordance with regard to Part 76 of Earnings Tax Ordinance. 2001”.

“You may have declared agricultural land- however no agricultural revenue has been declared for the 12 months, which must be verified”, the discover mentions.

“The Deputy Commissioner Inland Income involved shall contact you for conducting Audit earlier than Could 15, 2022 and it’s hoped that you’ll absolutely cooperate with the Audit proceedings. Please be assured that if no discrepancy is noticed, the audit proceedings can be dropped with out hesitation,” the discover added.

When contacted, Imran Riaz Khan mentioned that he has not acquired the discover as but as it might have been dropped at his outdated tackle.

“My tackle is up to date in My ID card,” he added.

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Govt workers to get electrical bikes



LAHORE: Caretaker Provincial Transport and Livestock Minister Ibrahim Hasan Murad stated that the federal government was all set to launch electrical bikes to forestall smog depth.

He stated that the E-bikes could be cost-effective and authorities workers would even be offered electrical bikes on lease.

Speaking to state-run information channel, the minister stated: “In goal to cut back the utilization of high-priced gasoline and defend the surroundings of the cities, authorities has determined to introducing electrical bikes and protected metropolis digicam initiatives during which smoke-emitting automobiles shall be detected by the cameras and speedy alerts had been relayed to the sector forces.”

The Electrical Automobiles Coverage is the necessity of the hour to advertise a protected surroundings, native manufacturing of e-vehicles, offering incentives, with the final word objective of capturing a considerable share of the market, he added.

E-bikes being zero-emission automobiles would use lithium-ion batteries which can emerge as an economical and eco-friendly various to conventional transportation, he talked about.

The minister confused that the media ought to play its position by creating consciousness campaigns on personal TV channels and radio for the conservation of vitality and for carrying face masks throughout smog climate.

Replying to a query, the administration has began a strict crackdown and introduced to cost heavy fines for violations of the site visitors guidelines.

Punjab authorities was taking steps in accordance with PM’s eco-friendly measures, he stated, including that Punjab could be the primary province within the nation to present such an amazing incentive to homeowners of electrical automobiles.

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Breakthrough in lacking individuals case as police efficiently find three particular person



KARACHI: The native police on Wednesday efficiently traced three people together with a girl throughout a listening to of a petition in Sindh Excessive Courtroom (SHC) for restoration of lacking individuals.

In keeping with the report, the police confirmed the hint of three people – named Muhammad Iqbal, Saima Bibi, and Shahnawaz – all three have been wished by police in a number of instances.

The report acknowledged that Muhammad Iqbal is underneath the custody of Zaman City police in a case, whereas the opposite two are fugitives as a case has been registered in opposition to them at Mehmoodabad police station.

The court docket dismissed the case associated to the restoration of the three lacking individuals.

Earlier this week, the police declared the arrest of a lacking individual throughout the Sindh Excessive Courtroom (SHC) listening to of petitions for the restoration of 10 disappeared males.

The police confirmed the arrest of a lacking citizen Saddam in its progress within the case. The court docket dismissed the petition about restoration of Saddam.

Justice Naimatullah Phulpoto directed motion in opposition to the folks concerned in enforced disappearances. “It’s the accountability of the state to go looking a lacking citizen,” Justice Phulpoto stated.

“It was stated {that a} lacking man Usman has been in Landhi Jail, a letter was written to the jail authorities, however they replied that the person was not in jail,” the investigation officer knowledgeable the court docket.

“Document the jail superintendent’s assertion, and if required take motion in opposition to the jail official,” the court docket directed the IO.

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Pakistan implements ban on wheat imports from India and Israel



ISLAMABAD: Pakistan has imposed a ban on the import of Indian and Israeli wheat, whereas the commodity can even not be imported from Cuba, Iran, Syria, North Korea, and the Ukrainian territories managed by Russia.

Pakistan has imposed a situation on international buying and selling firms to not provide wheat from India and Israel. Wheat provide has additionally been banned from nations going through worldwide sanctions, together with Cuba, Iran, North Korea and Syria.

In response to a doc, wheat can even not be bought from the Ukrainian areas beneath the management of Russia in addition to Crimea.

In the meantime, the moisture content material of wheat in a young for the acquisition of 110,000 metric tons of the commodity has been set at 14.5%, whereas the presence of different objects, together with soil, is not going to exceed 1%.

Wheat is scheduled to begin arriving in Gwadar or on the Karachi port on two ships by February 12.

The Buying and selling Company of Pakistan (TCP) not too long ago issued a world tender to acquire and import 110,000 metric tons of wheat, in response to European merchants.

The deadline for submitting value presents on this tender is December 27. As a situation, the wheat must be from the most recent crop.

Cargo is requested for 2024, in consignments of not less than 50,000 tons throughout two intervals between January 10-15 and January 17-22. The wheat should arrive in Pakistan by February 12, 2024.

The TCP has the choice to purchase 10% kind of than the tender quantity. Merchants recommend that Pakistan, going through monetary difficulties, has a major import requirement to handle rising flour costs.

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