Saturday, November 27, 2021 18:43

‘Business’ News

Subscribe to RSS feed
ECC Llifts Ban on Import of CNG Kits - Cattle

ECC Llifts Ban on Import of CNG Kits – Cattle

Saturday, July 5, 2014 12:49

[caption id="attachment_37904" align="alignright" width="375"] CNG Kits[/caption] The Economic Coordination Committee (ECC) today lifted a ban on import of compressed natural gas (CNG) kits and cattle. The decision was made at the ECC’s meeting presided over by Finance Minister ...

ECC May Shift Rs49 Billion Burden Onto Gas Consumers (Higher UFG ceiling)

ECC May Shift Rs49 Billion Burden Onto Gas Consumers (Higher UFG ceiling)

Thursday, July 3, 2014 10:51

The Economic Coordination Committee (ECC) of the cabinet, slated to meet on Saturday, is likely to approve policy guidelines on determining revenue requirements of gas distribution companies in an attempt to pass the burden of Rs49 billion on to consumers. [caption id="attachment_37843" align="alignright" width="384"]...

Petroleum Prices to Remain Unchanged

Petroleum Prices to Remain Unchanged

Tuesday, July 1, 2014 11:17

Prime Minister Nawaz Sharif today rejected a proposal to increase prices of petroleum prices. The prime minister ordered the current oil prices to be maintained for the month of Ramzan. It may be mentioned here Oil and Gas Regulatory Authority (OGRA) had recommended the petroleum ministry to increase ...

Tagged with:
Banks to remain open Today

Banks to remain open Today

Monday, June 30, 2014 11:24

State Bank of Pakistan (SBP) has announced that the branches of all commercial banks will remain open today (Monday) for collection of taxes to facilitate taxpayers. A notification issued by SBP said that June 30, will be a normal ...

Tagged with:
Coca-Cola Invests in Pakistan Sees Big Sales Growth

Coca-Cola Invests in Pakistan Sees Big Sales Growth

Thursday, June 19, 2014 13:09

Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. [caption id="attachment_37621" align="alignright" width="368"]...

Rs686bn Taxless Job-rich Sindh Budget is Out

Rs686bn Taxless Job-rich Sindh Budget is Out

Saturday, June 14, 2014 11:30

[caption id="attachment_37542" align="alignright" width="352"] Qaim Ali Shah[/caption] The Sindh government Friday presented a taxless Rs686.179 billion budget for the fiscal year FY2014-15. Sindh Chief Minister Syed Qaim Ali Shah, who also holds the portfolio of finance ...

Tagged with:
Default Looms as PSO has to Pay Rs93b by Next Week

Default Looms as PSO has to Pay Rs93b by Next Week

Friday, June 13, 2014 12:22

State-run oil marketing company, Pakistan State Oil (PSO), is facing the spectre of imminent default on payments to international oil suppliers and is seeking a bailout in the face of long delay on the part of power producers to pay for fuel supply. [caption id="attachment_37510" align="alignright" width="384"]...

Tagged with: ,
CNG Sector Slams Taxes Vows Price Hike

CNG Sector Slams Taxes Vows Price Hike

Wednesday, June 4, 2014 10:54

[caption id="attachment_37428" align="alignright" width="400"] CNG Station[/caption] The All Pakistan CNG Association (APCNGA) Tuesday slammed additional taxes on the sector as proposed in the budget 2014-15, news reported. “These additional taxes slapped on the sector are like hitting the ...

Govt may Introduce 5% Tax on Bonus Shares

Govt may Introduce 5% Tax on Bonus Shares

Saturday, May 31, 2014 11:54

The government is likely to bring as much as Rs1.5 trillion in income under the tax net in the new budget by introducing 5% tax on bonus shares which shareholders receive from companies. The move could yield about Rs75 billion in taxes, making it the biggest revenue generator ...

PC Seeks Powers to Approve up to Rs10b Projects

PC Seeks Powers to Approve up to Rs10b Projects

Thursday, May 22, 2014 11:22

The National Economic Council (NEC) is going to discuss a proposal to grant more powers to Planning and Development Minister Ahsan Iqbal and curtail the authority of Finance Minister Ishaq Dar in relation to approval of mega development schemes without affecting his overarching position. [caption id="attachment_37322" align="alignright" width="384"]...