Incidents of insurance fraud likely rose last year, as the cost of living crisis took its toll and people tried to sneak fake claims in under the guise of.
CM orders strict steps as Karachi’s District East reports 22pc positive cases
National
May 4, 2021
KARACHI: Covid-19 positivity has reached 22 per cent in District East of Karachi, followed by Hyderabad where the detection rate has soared to 19 per cent, Chief Minister Syed Murad Ali Shah said on Monday, and directed the district administrations to take strict measures to implement the standard operating procedures (SOPs) in both the districts.
Presiding over a meeting of the Covid-19 Task Force at the CM House, he observed that during the last seven days, the virus had hit new highs in Karachi East, where the detection rate had reached 22 per cent, Hyderabad 19 per cent, District South 13 per cent and District Central 10 per cent.
Covid-19 positivity has reached 22 per cent in District East of Karachi, followed by Hyderabad where the detection rate has soared to 19 per cent, Chief Minister Syed Murad Ali Shah said on Monday,.
Tax collection on profit from govt securities up 22pc
Business
March 16, 2021
KARACHI: The collection of income tax from return on investment in government securities has registered an increase of 22 percent during the first eight months (July-February) 2020/2021, sources said on Monday.
The sources in Large Taxpayers Office (LTO) Karachi said the tax collection from yield on government securities increased to Rs4 billion during the first eight months of the current fiscal year as compared with Rs3.26 billion in the corresponding months of the last fiscal year.
The rise in tax collection may be attributed to an increase in tax rate for banking companies on their investment in government securities ie market treasury bills (MTBs) or Pakistan investment bonds (PIBs).
Business
January 16, 2021
ISLAMABAD: Pakistan’s weekly sensitive price index (SPI) declined 0.22 percent for the week ended January 13, mainly on account of the drop in prices of some kitchen items, including eggs, tomato, potato, onions and chicken, official data showed on Friday.
SPI increased 5.77 percent as compared to weekly inflation in the corresponding period a year earlier, Pakistan Bureau of Statistics (PBS) reported.
For the combined consumption group, SPI recorded at 139.70 points against 140.01 points registered in the previous week.
The weekly sensitive price index with base year 2015-16=100 covers 17 urban centres and 51 essential items for all expenditure groups.
For the group that consumes up to Rs17,732, SPI was up 0.10 percent from 144.92 points in last week to 145.07 points during the week under review. Inflation remained flat for the second quintile, which spends Rs17,732-22,888.