Murad Ali Shah presents Sindh’s budget of Rs1.14 trillion
Sindh Chief Minister Murad Ali Shah on Wednesday presented the Sindh’s provincial budget for Q1FY1028-19 with a total outlay of Rs1.14 trillion.
Pakistan joins new WTO bloc to promote free trade
ISLAMABAD: Pakistan joined a group of 41 developing and developed countries on Thursday to support a multilateral trading system for global economic...
Surge in broadband connectivity depicts massive impact on digital banking
ISLAMABAD:Â Due to the rapid growth of the telecommunication sector, the country has undergone an impressive transformation over the last four years.
E-banking transactions...
Senate presents 77 recommendations to NA over Budget 2018-19
The Senate on Wednesday recommended some 77 proposals to the National Assembly including the increase in petroleum development levy which may be restricted to an increase of 25 per cent over the existing rates, along with tax rates on individuals to be increased.
OGRA penalises PLL Rs560 mn over cancellation of four LNG cargoes
ISLAMABAD: In a blow to the government’s efforts to promote LNG business in the country, OGRA has imposed a Rs560 million penalty...
Local tile manufacturer urges architects to promote ‘made in Pakistan’ products
ISLAMABAD: Recently, Centro Ceramico, a highly reputable, and one of the biggest tile testing laboratories in the world, has certified Pakistan’s ‘Stile porcelain tiles’...
Senate body recommends increasing tax rate for high-income class
ISLAMABAD: The Senate Standing Committee on Finance has finalised its recommendations for the budget including a suggestion to raise the tax rates...
SC tells govt to explain why sales tax is increased on petrol despite falling global prices
The Supreme Court observed on Wednesday that the government resorts to increasing the general sales tax (GST) on petroleum products by as much as 25 per cent even as crude oil prices slump in the international market.
LCCI urges FBR to restore FTR for commercial importers
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI)has urged the Federal Board of Revenue (FBR) to give relief to those taxpayers...
PAPCO’s $200 million multi-grade pipeline to be functional next year
KARACHI: The Pak Arab Pipeline Company (PAPCO)’s White Oil pipeline will become multi-grade by the second quarter of 2019, Shell Pakistan’s management told...
Senate panel finalises proposals for Finance Bill-2018
Income Tax exemption up to Rs1.2 million annual income approved. Senate body rejects levy on petroleum, tobacco and mobile phone sets. Also rejects removal of third-tier slab on cigarettes.
SC discards LHC’s stay on DTH licences
ISLAMABAD: Back in November 2016, PEMRA held an auction for three programming licenses for DTH (Direct-to-Home), a digital box that wirelessly airs...
LCCI urges FBR to address injustice against business community
The LCCI office-bearers urged the Federal Finance Minister Miftah Ismail and FBR Chairman Tariq Mahmood Pasha to restore FTR for the commercial importers in the larger interest of the industry.
FPCCI seeks representation in the Economic Reform Committee
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tuesday sought the inclusion of at least two of its representatives in the...
Financial experts call for transparency and effective usage of public funds
ISLAMABAD: Financial experts Tuesday called for a more prudent use of public money, including effective resource allocation, decision and policy making to fight against corruption,...