KARACHI: In September 2024, worker remittances from Pakistanis living outside the country reached $2.85 billion. According to data released by the State Bank of Pakistan (SBP), this brought the total amount of remittances to a record $8.8 billion in the first quarter of the fiscal year 2024–25. The country’s import-dependent economy will be supported by these substantial inflows, which are anticipated to assist in maintaining foreign exchange reserves and stabilizing the rupee. They will also be crucial in limiting the current account deficit and ensuring that maturing foreign debt is paid back on time. When compared to September 2023, the…
Author: Raja Zahid Khanzada
ISLAMABAD: Rashid Langrial, Chairman of the Federal Board of Revenue (FBR), has issued a clear warning that large-scale action against non-filers will begin after November 1. On Thursday, Langrial disclosed to the media in Islamabad that more than four million income tax returns had been filed, which is a doubling of the number from last year. He reiterated that the deadline to submit income tax returns is October 14 and stated, “There will be no extension in the deadline for submitting income tax returns.” “We have complete data on non-filers, and action will begin on a large scale from November,”…
GAZA: The Palestinian territory’s civil defense agency said on Wednesday that the Israeli army increased its shelling of northern Gaza and shut down roads, making it impossible for aid to get there. Palestinian medical personnel reported that Israeli forces continued their assault on the Jabalia refugee camp in the north of the enclave, which included at least 18 fatalities from overnight military strikes on Gaza. According to the Palestinian Civil Emergency Service, it has received unconfirmed reports that a number of Palestinians may have been killed in Jabalia and other parts of northern Gaza, but it is unable to reach…
WASHINGTON: The legal team of Dr. Aafia Siddiqui, who was sentenced for allegedly attacking US personnel, has been granted access to new, private evidence by a US judge that could help a clemency request. The order, which was issued by US District Judge Richard M. Berman, allows Ms. Siddiqui’s lawyers to access crucial discovery materials from 2009 under strict conditions because they contain information that, if improperly disclosed, “could… pose a threat to public safety and the national security.” One of the lawyers working toward Ms. Siddiqui’s release, Clive Stafford Smith, said he had retrieved “compelling new evidence about the…
Los Angeles officials announced on Wednesday that three residents of the Antelope Valley had been arrested in connection with an armed robbery that took place earlier this year outside of a Palmdale bank branch. The heist, which a bank security guard allegedly helped organize, occurred as a couple was picking up $200,000 in cash. According to the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), Jerry Wimbley Jr., a 21-year-old Lancaster man, Roman Isaiah Smith, a 24-year-old Lancaster man, and Tyjana Grayes, a 24-year-old Palmdale woman, were taken into custody in connection with the allegations made in a seven-count federal…
On Wednesday, Ratan Tata, the former chairman of the Tata Group who, through a series of high-profile acquisitions, elevated a sluggish and sprawling Indian conglomerate to the global stage, passed away. He was 86. Ratan Tata was born in Bombay on December 28, 1937. He was adopted by his grandmother, Navajbai Tata, through the JN Petit Parsi Orphanage when his parents split up when he was 10 years old. He went to Campion School in Mumbai, Cathedral and John Connon School in Mumbai, Bishop Cotton School in Shimla, Riverdale Country School in New York City, Cornell University, and Harvard Business…
After a “complex” sale process, Unilever announced on Thursday that it had sold its Russian business to Arnest Group. This makes Unilever the latest multinational corporation to exit Russia since its invasion of Ukraine. According to Unilever, which is based in the UK and owns brands like Dove soap and Hellmann’s mayonnaise, the sale includes all of its business, as well as four factories in Russia and Belarus. The Financial Times cited unidentified sources to report that the sale was worth 568.41 million euros, though the terms of the deal were not made public. Unilever did not confirm the reported…
The business model of ESPN NBA analyst Kendrick Perkins’ new company, Nilly, which offers college athletes upfront cash in exchange for a portion of their future name, image, and likeness (NIL) earnings, has sparked significant criticism and concern. While the company promotes the idea of providing athletes with financial security, critics warn that the arrangement could be used to exploit young athletes, comparing it to loans with high interest rates. ESPN claims that Nilly, a company co-founded by Perkins and Wall Street veteran Chris Ricciardi, provides athletes with compensation ranging from $25,000 to hundreds of thousands of dollars. In exchange,…
During a dispute at the fast food restaurant in Nnkuli, Honolulu, Hawaii, the United States, a customer named Reynaldo Cheney, 60, fatally stabbed an employee named Kashka Otto, 22, who was working there. According to reports, Cheney got into a heated argument after being asked to stop moving tables inside the restaurant. The confrontation escalated, as reported by the Honolulu Star-Advertiser, when Cheney made a derogatory comment to Otto, to which Otto responded by punching Cheney. After that, Cheney allegedly stabbed Otto in retaliation. On suspicion of first-degree attempted murder, second-degree murder, and second-degree attempted murder, Cheney was already facing…
After cutting a destructive path across Florida that resulted in more than a dozen tornadoes, the destruction of homes, and the deaths of at least four people, Hurricane Milton plowed into the Atlantic Ocean on Thursday. However, the storm did not cause the catastrophic storm surge that was anticipated. At a morning briefing, Governor Ron DeSantis stated that the state had avoided the worst-case scenario, despite the fact that the damage was still significant. The most dire warnings had been issued, but the Tampa Bay region appeared to have escaped the deadly surge of seawater. According to county spokesperson Erick…
