Pakistani youth can earn up to Rs. 500,000 as Google launches free IT training

 

by marana

Pakistani youth can earn up to Rs. 500,000 as Google launches free IT training

In partnership with Punjab Information Technology Board (PITB) and Tech Valley, Google has announced free IT training for Pakistani youth, which provides a great opportunity to earn up to Rs. 500,000 per month through skill learning.

The training will cover many important skills with regard to the demands of today's world, including IT support, UX design, project management, IT automation, advanced data analysis, digital marketing and e-commerce, data analysis, Business Intelligence and cyber security.

Governor Sindh Kamran Tessori took the initiative for the youth of Sindh. Training will be imparted to 500,000 individuals at the historic Governor's Building in Karachi. Kamran Khan Tessori aims to transform Karachi into a successful IT hub by training the youth in futuristic technologies including cloud computing, artificial intelligence, metaverse and web 03.

Students will be selected through an aptitude test to be held at the Governor House. Kamran Tessori claims that after this training the youth will be able to earn around Rs. 500,000 to Rs. 600,000.

IT experts, Daniyal Nagori and Sir Zia and JDC will also be a part of the training and support the Sindh Governor's initiatives.

Requisites for registration are hereby metioned:

1. Visit wesbsite WWW.GOVERNORSINDH.COM
2. Do registration
3. Entry test will be conducted in governor house sind karachi
4. Eligible candidates will inform by email

Observance of Eid al Adha in Pakistan 2023. Eid ul Adha 2023 in Pakistan

 by masohail

Eid ul Adha 2023 in Pakistan with Bakra Eid 2023 Date 29/06/2023

When is Eid ul Adha 2023 in Pakistan? Read more about Eid ul Adha 2023 in Pakistan with Eid al Adha 2023 date in Pakistan.

Eid ul Adha in Pakistan 2023 is coming in June and no wonder everyone is already waiting for Eid ul Adha in Pakistan! Before we get to the date of Eid ul-Adha 2023 in Pakistan, it would be good to prepare a few things first.

First, let's look at some common Eid ul Adha FAQs to make sure you are well prepared for Bakra Eid 2023 when it arrives.

Eid ul Adha 2023 in Paksitan

What is the Islamic date for Eid ul-Adha in Pakistan?

The date of Eid ul Adha 2023 in Pakistan is Sunday, June 29, 2023. The date of Eid ul Adha 2021 was May 13, Wednesday. According to the Islamic calendar, Eid al Adha 2023 in Pakistan comes after Eid ul Fitr and falls on the 10th day of Dhul Hijjah. And 10th date of Zilhaj 2023 in Pakistan falls on Thursday.

                    Saudi Arabia has declared Eid Al Adha 2023

Monday 19 June is the first day of Dhu Al Hijjah, which marks the start of the Hajj

Earlier, The Supreme Court of Saudi Arabia announced on Sunday that Monday, June 19, will mark the first day of Dhu Al Hijjah after the new crescent moon was sighted in the Kingdom.

''Arafat Day falls on Tuesday, June 27, while Wednesday, June 28, will be the first day of Eid Al Adha,'' according to a Saudi Supreme Court statement published by the Saudi Press Agency (SPA).

The Ministry of Awqaf and Religious Affairs in Oman has officially declared that Eid Al Adha will begin on Wednesday, June 28, 2023. The sighting of the crescent of the month of Dhu Al Hijjah for the year 1444 AH has been confirmed, the Oman News Agency said on Twitter.

Oman also announced the first day of the Eid Al Adha holiday

FBR declares 34 banks as Synchronized Withholding Administration and Payment System (SWAPS) agents for withholding of i taxes

by marana 

19.06.2023

FBR declares 34 banks as Synchronized Withholding Administration and Payment System (SWAPS) agents for withholding taxes

The Federal Bureau of Revenue (FBR) has declared 34 banks as 'SWAPS' ​​agents (withholding agents) to deduct and monitor withholding taxes.

According to the FBR report submitted to the Federal Tax Ombudsman (FTO) to streamline the withholding tax collection and deduction mechanism to enable the introduction of a fully automated system called "Synchronized Withholding Administration and Payment System" (SWAPS) has been introduced under Section 164A of the Income Tax Ordinance 2001.

Withholding agents (SWAPS agents) are;

Al Baraka Bank (Pakistan) Limited, Allied Bank Limited, Askari Bank Limited, Bank Al-Falah Limited, Bank Al-Habib Limited, Bank Islamic Pakistan Limited, Bank of China Limited, city Bank, Deutsche Bank AG, Dubai Islamic Bank Limited, Faysal Bank Limited, First Women Bank Limited, Habib Bank Limited, Habib Metropolitan Bank Limited, Industrial and Commercial Bank of China, Industrial Development Bank of Pakistan Limited, JS Bank Limited, MCB Bank Limited, MCB Islamic Bank Limited, Meezan Bank Limited, National Bank of Pakistan, Punjab Provincial cooperative Bank Limited, Samba Bank Limited, SILK Bank Limited, Sindh Bank Limited, SME Bank Limited, Soneri Bank Limited, Standard Chartered Bank (Pakistan) Limited, Summit Bank Limited , Bank of Khyber, The Bank of Punjab, United Bank Limited, Zarai Targiati Bank Limited and State Bank of Pakistan.

The board's undertaking of new SWAPS and Business Process Re-engineering initiatives reinforces the FTO Own Motion's immediate investigation premise that there are systemic gaps and gaps in the prevailing withholding and payment tracking mechanism and that an integrated, automated response is needed. to bridge these gaps by strengthening legal and enforcement mechanisms and introducing digital regimes and portals to processes and systems for real-time feedback and response to all stakeholders, particularly the regulatory body, for timely redressal and remedial action.

The FBR report revealed that the board has taken new initiatives to install Synchronized Withholding Administration and Payment System (SWAPS). The board has already issued a notification regarding SWAP agents who are required to deduct and collect the tax and credit the same to the concerned commissioner through digital mode. They are also required to generate a SWAPS Payment Receipt (SPR).

In order to make the scheme effective, the Act contemplated that if the notified agents of SWAP do not join the board within the specified period, they will not be entitled to certain tax credits and exemptions under any provisions of the Income Tax Ordinance, 2001. it was notified that the above agent SWAPS shall be required to collect and deposit withholding taxes under all sections except section 151 through the SWAPS portal from a date to be notified by the Board separately.

Furthermore, it is announced that only 7 banks out of a total of 34 from sl. no. will be included in the pilot phase of software development and testing. 2,3,13,18,21,32 and State Bank of Pakistan.

It was found that the main section relating to banks, Section 151, was omitted from this phase for no apparent reason. In addition, the Board stated in its written comments that Function Specific Documents (FSD) and FSD software solution development will be conducted over the next one to two years and that the FSD RAAST team is currently reviewing the FSD EXCHANGE. It is also reported that the initial phase for the Section 153 payment is in the pilot testing phase which will start in June/July 2023. This position is contrary to the timetable set out in the SWAPS Notice issued in 2022, which clearly stated that the pilot project will start between October 2022 and December 2022.

The facts shared during the investigation show that there has been a significant time overrun and the pilot projects have not yet started despite the passage of more than 6 months. This change in goalposts and time targets will cause serious obstacles to the implementation of this project and in turn revenue could continue to suffer leakages and shortfalls. The Ministry should take cognizance of these serious deficiencies and ensure that the projects and the various phases of their implementation are completed within the prescribed timeframe so that an improved withholding tax monitoring system can be implemented at the earliest to ensure the rights of all stakeholders.

The FBR report revealed that visible improvements in withholding tax administration are planned, which includes insertion of system checks and checks at the time of PSID generation, verification of rates and status of ATL at the time of PSID generation and automated checks regarding exemption entitlement. These reforms are in the implementation phase and according to a conservative estimate, the same are expected to be implemented in the next 10 months. However, no basis for such a deadline was presented during the negotiations.

The reforms, once implemented, are expected to limit banks' ability to deduct ATL tax from non-ATL persons and also grant improper tax exemptions, thereby protecting said income. Thus, the initiation of short-term reforms along with the current API-based withholding statement system will serve as a better strategy for withholding tax collection, monitoring and auditing only if the reform process effectively monitors the completion of all tasks in the shortest possible time. However, any overrun in time will not only cause revenue leakage but also increase the cost of the reform project, FBR added.

In view of the FBR report, the FTO recommended to the FBR that SWAPS and their components including Functional Specific Documents (FSDs) and development of downstream software solutions be completed within a specific time frame instead of being open-ended to avoid time and cost overruns.

Business process redesign and linkage with IRIS, ATL and PSID should be fully integrated end-to-end without human interface to prevent any manipulation and manipulation of data.

A data analysis cell should be set up in the board to analyze and convert the voluminous data received from 31 No. 002210M/2022 banks into actionable information and forward it to field formations to recover lost revenue. Audit of withholding tax software and system audit of banks should be carried out regularly to check compliance with withholding tax provisions.

The withholding audit under section 161 should be separated from the amendment under section 122(5A) in order to effectively monitor and control the withholding tax deductions. The capacity of the proposed analytical cell at FBR headquarters should be strengthened in terms of HR and domain expertise to enable them to interpret the data matrices, analysis in the light of the legal framework available under the tax laws and accordingly the capacity of field units for system audit. The WHT software should be improved in terms of human resources and technical expertise, the FTO added.

Salient Features of Finance Bill 2023

By masohail 

June 9, 2023

Salient Features of Finance Bill 2023

             A-Salient Features of Income Tax

            B-Salient features of sales tax

A-Salient Features of Income Tax

According to the Pakistan Budget 2023-24 unveiled on Friday, the main features introduced in the Income Tax Ordinance 2001 through the Finance Act 2023 are given.

REVENUE MEASURE:

1. Rationalization of super tax under section 4C which will apply to all persons with income above Rs. 150 (million): insertion of three more new revenues of Rs. 350 (million) to Rs. 400 (million), Rs. 400 (million) to Rs. 500 (million) and Rs. 500 (million) above will be taxed at 6%, 8% and 10% respectively.

2. Re-imposition of 0.6% pre-set withholding tax to persons without ATL when withdrawing cash.

3. 1% increase in the rates of withholding tax on the supply of goods other than the sale of rice, cotton seeds or edible oils, on the provision of services including the service subject to a preferential tax of 3%, but excluding advertising services in electronic and print media and on the performance of a contract except athletes.

4. 0.5% increase in rate of withholding tax for commercial importer on import of goods falling under Part III of Twelfth Schedule of Income Tax Ordinance, 2001. 5. Re-imposition of final withholding tax of 10% on issue of bonus shares by companies (20% for non-ATL).

6. Increase in withholding tax rate from 1% to 5% when paying to non-residents through debit/credit or prepaid cards. (2% to 10% for those without ATL).

7. Imposition of Adjustable Advance Tax of Rs. 200,000 at the time of issuance of work permit/visa for the employment of a foreign domestic helper.

8. Additional tax at a rate not exceeding fifty percent of the income and profits of a person or group of persons due to extraordinary profits due to external factors.

RELIEF MEASURES:

1. Continuation of preferential flat tax rate of 0.25% for IT and ITeS exports for tax years 2024, 2025 and 2026.

2. Automated issuance of a certificate of exemption for payment to a non-resident within 30 days of application.

3. Revocation of the requirement to submit a sales tax return to use the preferential fixed tax rate of 0.25% for IT and ITeS exports.

4. Increase in manufacturer's business turnover limit from Rs. 250 (million) to Rs. 800 (mil) to qualify for preferential tax treatment for SMEs and inclusion of IT & ITeS in the definition of SMEs.

5. Concessional tax rate of 20% on income of banking company on additional advances to IT & ITeS sector instead of standard rate of 39%.

6. Increasing the monetary limit for foreign remittances sent from outside Pakistan from five million rupees to the rupee equivalent of USD 100,000 for the purposes of section 111(4), which puts a bar to inquiry into the nature and source of unexplained income/assets.

7. Waiver of 2% final withholding tax on the purchase of real estate for a non-resident physical POC/NICOP holder, if the real estate is acquired through foreign transfers remitted from abroad.

8. 10% reduction in tax liability or Rs. 5 (millions), whichever is lower for the builder and 10% reduction or Rs. 1 (million) whichever is lower for an individual for self-construction of a house for three years.

9. 50% reduction in tax liability for three years for youth entrepreneurship (maximum limit of Rs 2 million for individual / AOP and Rs 5 million for company). Youth is defined as a natural person under 30 years of age.

10. Extension for two years for the purpose of concessional tax rate of 20% for banking company income from additional advances for low cost housing, agriculture and small and medium enterprises including IT and ITeS.

11. Promotion of export of commodities (agricultural products, gems, metals etc.) through online platform by providing 1% concessional final tax rate to indirect exporters.

12. Reduction of minimum turnover tax liability from 1.25% to 1.0% for companies listed on the Pakistan Stock Exchange.

13. Extension of exemption for one year granted to a person on gains and profits from the sale of immovable property or interest of a special instrument in any type of REIT scheme, i.e. until June 30, 2024.

14. Extension of Income Tax Exemption by one year i.e. till 30th June 2024 for FATA/PATA Residents.

15. Five-year tax holiday for agricultural industries that are small and medium-sized enterprises established on or after July 1, 2023 from tax year 2024 to tax year 2028.

OTHER MEASURES:

1. Extending the scope of the definition of a permanent establishment in Pakistan to a non-resident.

2. Simplifying the definition of collaborators to make it more concise and refined.

3. Bringing more clarity to the minimum sales tax transfer regime.

4. Removal of a technical error in the super tax regime of the banking sector by replacing the year 2022 with the tax year 2023.

5. Insertion of an enabling provision for the calculation, collection and payment of super tax according to Section 4C.

6. Re-imposition of advance adjustable withholding tax from non-ATL persons.

7. Introduction of enabling provision for the purpose of recovery of non-tax revenue due under any other law or statute by the Commissioner of Internal Revenue.

8. Effectiveness of name change from “2022 Prime Minister's Relief Fund” to “Prime Minister's Fund for Floods, Earthquakes and Other Disasters”.

        B-Salient features of sales tax

According to the Pakistan Budget 2023-24 unveiled on Friday, the major features introduced in the sales tax 1990 through the Finance Act, 2023 are listed.

RELIEF MEASURES:

1. Extension of sales tax exemption on NMD (FATA/PATA) for one more year ending on 30.06.2024.

2. Provision of sales tax exemption for contraceptives and accessories.

3. Provision of tax exemption on sales of plant seedlings, combine harvesters, agricultural product dryers, no-till seeders, suction machines, planters, other planting machines AND bovine semen.

4. Grant of sales tax exemption on import of IT equipment to IT and ITeS exporters registered with Pakistan Software Export Board.

READ MORE: Pakistan Budget 2023-24: Govt allocates Rs 100 billion for water sector

REVENUE MEASURE:

5. Abolition of exemption from sales tax on edible products sold in bulk under trade names or trademarks.

6. Increase in the reduced rate of sales tax from 12% to 15% on supplies from POS sellers dealing in leather and textile products.

7. It is proposed to remove the floor space requirement for Tier 1 retailers.

8. The Directorate-General for Digital Invoicing and Analytics is proposed to be renamed as the Directorate-General for Digital Initiatives.

9. It is proposed to widen the scope of the penal measures by replacing "packages of cigarettes" with "specified goods".

10. S. No. 12(xxv) of the Fifth Schedule is proposed to be amended by substituting the present description "Other drawing, plotting or mathematical calculating apparatus (geometrical box) (PCT No. 9017.2000)".

11. It is proposed to extend the scope of Section No. 21 of the Fifth Schedule providing zero-rating to an exporter registered under the Export Facilitation Scheme, 2021 by inserting the word "commodities".

12. The omission of S. No. 159 and 160 in Table 1 of the Sixth Annex is proposed as redundant, as the time-bound exemption has already expired on 31/12/2021.

13. It is proposed that the production, transmission and distribution of electricity be exempted from sales tax in accordance with the decision of the National Tax Council.

14. For clarification purposes regarding the exemption from sales tax for transfusion sets not wrapped in aluminum foil imported in one shipment with blood bags, an explanation is proposed under S. No. 121 of Table 1 of the Sixth Schedule.

Italian Universities Offering Fully Funded Scholarships for Pakistan students.

 by masohail

Italian Universities Offering Fully Funded Scholarships for Pakistan students

Italian universities are offering Scholarships without IELTS, which is a required skill for many students from Pakistan. Pakistani students need not worry, as Italian universities offer fully funded scholarships without IELTS. 9 universities offer scholarships

Studying in a foreign country opens doors to different cultures and allows you to broaden your horizons. It offers numerous benefits such as exposure to new environments, cultures and people, obtaining a high-quality education, learning a new language, broadening career prospects and gaining independence. These benefits also apply to studying in Italy.

1-Bocconi University Scholarship 2023 for pakistan students:

Bocconi University offers scholarships called Bocconi Merit Awards and International Awards. These scholarships are available to students applying to the first year of undergraduate or postgraduate programmes. The number of scholarships is not set, but they are mainly aimed at foreign students.

Scholarships are based on students' academic performance. They provide significant financial support to students. For university students, the award includes a full tuition fee waiver worth up to €12,000 per year. For postgraduate students, the scholarship provides a full tuition fee waiver worth approximately €14,000 per year.

In addition to a full tuition waiver, the scholarships also offer a 50% tuition fee reduction for both undergraduate and graduate programs. This means that students will only have to pay half of the regular tuition fees.

Overall, the Bocconi Merit Awards and International Awards are a valuable opportunity for students to obtain financial assistance while studying at Bocconi University.

2-University of Bologna Scholarship for International Students

The University of Bologna offers fully funded scholarships for international students who wish to study Bachelor's and Master's degrees. These scholarships are available for a variety of study programs, including first-cycle, first-cycle and second-cycle study programs. The good news is that applicants are not required to provide an IELTS score.

Scholarships provide several benefits to recipients. Firstly, tuition fees are fully covered, which means students don't have to worry about paying for their studies. In addition, study grants of €11,000 gross are available under the Unibo Action 2 scholarship. In addition, tuition fee waivers are provided under the Unibo Action 1 Scholarship.

Overall, these University of Bologna scholarships offer international students the opportunity to complete their desired bachelor or master degree programs without the burden of tuition fees. Along with financial support, scholarships provide students with a great opportunity to study at a reputable institution.

3-Invest your talent in Italian scholarship programs

The Invest Your Talent in Italy program aims to strengthen cooperation between Italian universities and companies and promote internationalization. It provides opportunities for young international talents to specialize and gain work experience in Italian companies. Benefits of this scholarship include:

Full Tuition Waiver: The program covers all tuition costs and relieves students of the burden of paying for their education. Monthly allowance: Participants receive a monthly allowance of EUR 900. This financial support helps to cover living expenses while studying and working in Italy.

Simply put, the program offers free tuition and provides foreign students with a monthly allowance of €900. This allows them to continue their studies and gain valuable work experience in Italian companies.

4-Padua University Scholarships for International Students

The University of Padua is one of the oldest and most respected universities in Italy, known for its academic excellence. With a student body of over 70,000 students, it is considered one of the best universities in the country. Currently, the university offers approximately 43 fully funded scholarships for undergraduate and graduate students.

These scholarships provide significant financial support to recipients. They include a full waiver of fees for the entire duration of the degree program. In addition, students receive a stipend of €8,000 per year. This financial aid helps cover various study-related expenses and living expenses.

In simpler terms, the University of Padua offers approximately 43 fully funded scholarships for Bachelor and Master studies. The scholarships cover the full cost of tuition fees throughout the program and students also receive an annual stipend of €8,000 to support their education and living expenses.

5-University of Pisa Dsu International Scholarships in Italy

The University of Pisa is a prestigious technological university that was founded in 1343. It is highly regarded for its exceptional research, education, innovation and consultancy in various fields.

This scholarship opportunity is available to candidates from Europe as well as non-European students from developing countries. Students from English-speaking countries do not need to provide an IELTS score as part of their application.

The scholarship offers several benefits that may vary depending on the specific award. These benefits include exemption from university tuition fees, free accommodation, free meals in university halls of residence and allowances to cover additional expenses such as books and sports activities.

To be eligible for this scholarship, candidates must have a secondary school certificate for undergraduate or master's studies from a recognized university.

Simply put, the University of Pisa is a renowned technological university offering scholarships to students from Europe and developing countries. Scholarships cover tuition fees, provide accommodation and meals and contribute to other expenses. Students from English-speaking countries do not need to take the IELTS exam. Applicants must have a high school or recognized university degree to qualify.

6-Sapienza University Scholarships:

Sapienza University offers fully funded scholarships to international students. These scholarships cover all necessary expenses and ensure that students can study without financial burden. The scholarships provide full tuition fee coverage along with additional financial support for living costs, accommodation and other related costs. These opportunities allow students to focus on their academic pursuits and fully immerse themselves in their chosen fields of study.

Sapienza University's commitment to providing fully funded scholarships reflects its commitment to promoting excellence and facilitating access to education for talented individuals from around the world.

7-Scuola Normale Superiore Scholarships

The Scuola Normale Superiore offers 78 fully funded scholarships for doctoral programs. These scholarships are available to both Italian citizens and international students. All eligible candidates who are accepted into the PhD program receive full financial support that covers their tuition fees, program-related fees and a stipend to cover their living expenses.

Simply put, students who are accepted into the doctoral program at the Scuola Normale Superiore receive full financial support, including funding for their studies and living expenses, regardless of whether they are Italian citizens or foreign students.

8-University of Calabria Scholarships

Every year, the University of Calabria announces numerous scholarships for students. These scholarships are provided through the support of the Italian government and other non-governmental financial supports. They are available to undergraduate, graduate and doctoral students. studies.

Scholarships offer financial assistance to cover educational and living expenses for deserving students. These opportunities make higher education more accessible and affordable for students at the University of Calabria. Students have the opportunity to receive financial support through various scholarships that will enable them to pursue their desired study programs and achieve their academic goals. There are different ways to get a scholarship in Italy. You can apply through your school, the Italian government or private organizations.

When applying through your school, you will need to complete an application form and provide copies of your academic records. Some schools may also require additional tests or questionnaires. The Italian government offers scholarships to foreign students. Detailed information about the application process can be found on their official website. Private organizations also provide scholarships. You can search for these organizations online or contact them directly for application details.

Simply put, you have different options to secure a scholarship in Italy. You can apply through your school, the Italian government or private organizations. Each option has its own application requirements and procedures.

9-Italian Government announced funded Scholarships for International Students.

The Italian government offers scholarships through the General Directorate for Cultural and Economic Support and Innovation of the Ministry of Foreign Affairs and International Cooperation. These scholarships are specifically for international students who wish to complete a fully funded one-year master's degree program in Italy. The purpose of these scholarships is to support students in their studies in Italy and to encourage them to return to their home countries after completing the program.

These scholarships cover a wide range of courses and students from English-speaking countries do not need to take the IELTS exam. This means that language skills are not an obstacle for students from these countries.

The scholarship covers tuition fees and students will receive a monthly stipend of around £900 which will be deposited into their Italian bank account. In addition, the scholarship includes a mandatory internship at selected Italian companies that are partners of the scholarship program.

SAUDI ARAMCO ANNOUCED JOBS OPPORTUNITIES

 BY marana

SAUDI ARAMCO ANNOUCED JOBS OPPORTUNITIES

DATED:06.06.2023

Saudi Aramco, the world's largest oil company, has recently announced job vacancies for various positions in Saudi Arabia, offering competitive salaries of up to 19,000 Saudi Riyals. This exciting opportunity has generated huge interest among job seekers looking for a rewarding career in the energy sector.

Eligibility Criteria:

Minimum education corresponding to the required job position. Relevant work experience in the oil and gas industry is preferred but not required. Strong technical skills and knowledge in specific area of ​​expertise. Good knowledge of English, both written and spoken.

Saudi nationals are given preference for certain positions, although some vacancies may be available for international candidates.

Required documents:

• An updated CV highlighting relevant qualifications and experience.
• Any educational certificate and professional certificate.
• Valid identification documents, such as an ID card or passport.
• Recent passport size photos.
• Any other documents mentioned in the job application, such as a cover letter or letters of reference.

How to apply:

• To apply for Saudi Aramco jobs, candidates can follow these steps:
• Explore the available jobs and select the role you want.
• Complete the online application form with accurate personal and professional details.
• Upload required documents including CV/resume and relevant certificates.
• Review the application to ensure all information is accurate and complete.
• Submit your application online.

Candidates are advised to check the company's career portal regularly for updates on job vacancies and recruitment processes. The selection process may include interviews, assessments and other assessments to determine the most suitable candidates for the positions. 

Detail information is available at official website of Saudi Aramco. all applicant read all instructions carefully and apply for relevant category of job.