Latest news with #Rs500
Time of India
7 hours ago
- Time of India
Pachpaoli police man youth for carrying sword
Nagpur: Pachpaoli police arrested a 21-year-old man for carrying a iron shorts sword near Lashkaribagh's Samata Maidan in the early hours of Tuesday. According to police, the action was taken around 1.05am after receiving information about a individual roaming in the area with a sharp-edged weapon. The patrol team located the person, who was reportedly causing a commotion. The team surrounded him, disarmed him, and took him into custody. The weapon, valued at approximately Rs500, was seized. Police suspect that the youth, identified as Shreyash Gaikwad, a resident of Gali No. 6, Lashkaribagh, was carrying the weapon with the intent to commit a cognisable offence. He was found in violation of a preventive order and was booked under Section 4/25 of the Arms Act, along with Section 135 of the Maharashtra Police Act.
Express Tribune
a day ago
- Business
- Express Tribune
Property tax surge sends buyers reeling
With the start of the new fiscal year 202526, a massive hike in commercial and residential property registry fees across Rawalpindi district has left citizens and buyers deeply troubled. Along with this increase, a building map fee has also been imposed on buyers. While advance tax on property registration has been reduced by 1.5 per cent, the gain tax has been raised by the same margin. Deputy Commissioners across the district have increased DC rates in all commercial and domestic zones by 10 per cent to 20 per cent. These changes have led to a sharp spike in registry costs. According to the revised rates and taxes, the complete registry fee for a five-marla house has soared to Rs350,000. In the commercial sector, registry costs have gone up by Rs500,000 to Rs1 million. Despite the hike in taxes, gain tax and map fee, the online challan fee payment system remains non-functional. As a result, even ten days into the new fiscal year, not a single registry or power of attorney has been processed. At Rawalpindi Cantonment and City Tehsil offices, registry work remains stalled. Registrations have been halted since June 15 and have yet to resume. According to the Property Registrar Office, the new DC rates have not yet been uploaded to the registry app. The app will only open for new registries once the updated rates are uploaded in the next three days. Stamp Vendors Union Secretary General Sheikh Mudasir said that this year has brought extreme financial pressure on property buyers. For a new registry, buyers must pay 1 per cent stamp duty, 1 per cent municipal corporation duty, 4.5 per cent gain tax, 2per cent map fee, 1per cent FBR e-tax, 0.10per cent online processing fee, and 1.5per cent cantonment board fee. This brings the total to 10.5per cent of the property's value for filers and up to 18per cent for non-filers. Property Dealers Association Vice President Hassan Shah said that the excessive increase in fees and taxes has opened doors for loopholes. Now buyers will declare residential properties as dilapidated structures to reduce costs with insider collusion, bringing down expenses by nearly 20 per cent. This will not only result in significant government revenue loss but also promote tax evasion and increase transactions through power of attorney, bypassing proper registration. Billing delay halts property trades Twenty-one days into the new fiscal year, residents of Rawalpindi and Chaklala cantonment boards are facing difficulties as new billing for property tax, water charges, and other revenues has yet to be issued. Sources said delays in issuing computerised bills under the new tariff - which includes a 150pc to 200pc increase in water and conservancy charges - have completely stalled property transactions and related services. Despite the old tariff being applicable to outstanding dues, billing of arrears has also been linked to the new system. As a result, citizens seeking to clear dues and complete sale or purchase of properties are being told to wait. Speaking to media, Rawalpindi Cantonment Board spokesperson Imran Habib said the new bills, including outstanding dues and revised charges, are being finalised. The delay, he added, was due to incorporating revised tariffs approved in the recent board meeting. He assured that billing would be issued within the next couple of days.
Time of India
a day ago
- Time of India
Passenger attack autorickshaw driver with knife in Dehu Road
1 2 Pune: A man attempted to murder an autorickshaw driver with a knife on Sunday morning because the latter stopped the vehicle a few metres ahead of the spot the attacker wanted, and fled. The victim, Subhash Chavan (66) from Rahatani, suffered severe injuries to his throat in the attack. The Dehu Road police have registered a case under Section 109 (murder attempt) of the Bharatiya Nyaya Sanhita (BNS) against the suspect and launched a search operation for the man on the run. Senior inspector Vikram Bansode of the Dehu Road police said Chavan, the victim, early on Sunday morning went to Pimpri station to collect the delivery of vegetables. A man approached him and requested for a drop at Shirgaon. "The man offered Rs500 to Chavan, following which the latter agreed to drop him," he said. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Bansode said after crossing the old octroi post in Nigdi, the passenger suddenly told Chavan to stop the vehicle because he wanted to answer nature's call. As the autorickshaw was moving at speed on the Pune-Mumbai highway, Chavan could not stop it immediately. "Chavan slowed down the autorickshaw and stopped it in front of Kendriya Vidyalaya around 7.30am. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hidden Cause Found: Dementia And Memory Loss Linked To This Habit Memory and Health Click Here Undo The passenger got down and started abusing Chavan for not halting the autorickshaw immediately. He suddenly took out a knife and attacked Chavan on his throat," Bansode said. He said the passenger then ran away from the scene. Chavan, bleeding profusely, drove the vehicle to a hospital and got himself admitted. "After receiving information from the hospital, our team went there and registered the case," the senior police inspector said. Bansode said there was no CCTV camera near the spot. "Our investigations are on," he said.
Business Recorder
2 days ago
- Automotive
- Business Recorder
Nishat Power to invest Rs2.5bn in EV venture NexGen Auto
Nishat Power Limited (NPL) has announced plans to invest up to Rs2.5 billion in NexGen Auto (Private) Limited, a related company concentrated on electric vehicles (EVs). NPL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. The listed company has called for an Extraordinary General Meeting (EGM) in this regard, which is scheduled to be held on August 13, 2025. The proposed investment, to be approved through special resolutions by NPL shareholders, includes Rs2 billion in equity investment by way of acquisition/subscription of 200 million ordinary shares of Rs10 each of NexGen Auto (Private) Limited, and an additional Rs500 million as a one-year working capital loan. HUBCO plans to install EV charging network across Pakistan As per the document, the loan component will carry a return of 3-month KIBOR plus 100 basis points, or the company's average borrowing cost—whichever is higher—payable quarterly. NexGen Auto, incorporated in August 2024, has made significant strides toward its market debut. The company has formalised its partnership with Cherry Automobile Co. Ltd of China, for the importation, local production and nationwide distribution of its two sub-brands Omoda and Jaecoo, specialised in new energy vehicles. 'NexGen sales and marketing teams are actively engaged in pre-launch campaigns, culminating in a much-anticipated mega launch event slated for the first week of August 2025,' NPL informed. According to documents made available to the stock exchange, NexGen's project for CKD assembly has already commenced and is expected to be completed by March 31, 2026, with commercial operations set to begin within calendar year 2025. The total project cost is estimated at Rs14.7 billion, to be funded through a mix of debt and equity. NPL expects that the investment will not only yield dividend income and capital gains in the long run but also diversify its portfolio and strengthen its commitment to sustainability-focused ventures.
Express Tribune
2 days ago
- Express Tribune
Long-serving maid accused of torching house after theft
A long-serving domestic worker allegedly stole valuables from her employer's home and later set part of the house on fire in an attempt to conceal the crime. Police have registered a case and launched a search for the suspects. According to an FIR lodged by Faizan Chaudhry, a resident of 214-RB Qaddafiabad, with Sadar Police Station, the accused, Samina, had been working as a housemaid at their residence for the past 12 years. On 19 July, at around 8 a.m., Faizan and his family left for Jhang Road following the death of his maternal uncle, leaving the children at home. During their absence, the housemaid, along with her husband Zafar Ahmed, resident of 214-RB and accomplices including a man named Abid, allegedly broke open the locked drawers attached to the beds and stole a significant amount of cash, prize bonds worth Rs500,000 and gold jewellery. The stolen items include, six gold bangles, one gold kara, nine gold rings, two gold lockets, two gold kara bangles, one pair of earrings, one pair of tops, four small earrings, (Total gold weighing approximately 22 tolas). To cover up the theft, the accused reportedly set fire to the side table in the room, which caused the side table and mattress to be completely destroyed. Police have registered a case under sections 381, 435, and 427 of the Pakistan Penal Code against Samina, her husband, and two other suspects. A search operation is underway to apprehend them.
