Business
April 23, 2021
KARACHI: Withholding income tax collection from non-cash banking transactions increased 21 percent to Rs7 billion during the first nine months of the current fiscal year, official data showed on Thursday.
The collection of withholding tax on non-cash banking transactions increased from Rs5.8 billion in the corresponding months of the last fiscal year, according to official statistics of Large Taxpayers Office (LTO) Karachi.
Sources said the ease in coronavirus restrictions during a couple of months in the period under review improved the commercial and industrial activities, which improved transactions in the banking system.
The deposits of the banking system reached to a record high of Rs17.9 trillion by March 31. The banking deposits registered 18.3 percent growth when compared with Rs15.1 trillion in the corresponding month of the last year.
At a Vancouver forum, experts see immigration adding fuel to the overheated big-city housing market
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BLAIR GABLE/Reuters
Ottawa’s massive pandemic budget still falls short on measures needed to contain COVID-19 and on providing cash for affordable housing, while ignoring a call for billions in new health care funding, provincial and municipal leaders say.
Ontario Finance Minister Peter Bethlenfalvy said Monday the new federal budget brings in nothing to stop new variants of COVID-19 at the borders or expand the supply of vaccines. And, he pointed out, it fails to deliver the massive infusion of baseline health care funding sought unanimously by all of the country’s premiers.
20 April 2021 - 17:23 The scene along Dr AB Xuma Street in Durban central where a police officer was shot and badly injured on Tuesday. Image: Supplied
A Durban police officer was shot in a botched cash-in-transit heist at the Workshop in the CBD on Tuesday.
Rescue Care s Kyle van Reenen said paramedics responded to a call about a shooting near a popular shopping mall in Dr AB Xuma Street about 4pm. On arrival, a male police officer was found to have suffered a gunshot wound to his chest and was in a serious condition. Advanced life support emergency care practitioners worked to stabilise the man while he was rushed to a nearby hospital for further immediate definitive care.
April 18, 2021 ONLY a fifth, or almost 20 percent, of the P22.9 billion set aside by the government as cash assistance for residents of the National Capital Region (NCR) and provinces of Bulacan, Cavite, Laguna and Rizal have been distributed.
In a statement, the DILG said P4.47 billion has reached the beneficiaries as of Friday, April 16, 2021.
Local government units (LGUs) were given 15 days to distribute the cash assistance to low-income individuals and workers in the informal sectors in the NCR plus bubble following the two-week implementation of an enhanced community quarantine from March 29 to April 11.
Each qualified individual is entitled to P1,000 cash assistance while a family could get up to P4,000.
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