ISLAMABAD: Pakistan Railways has generated additional revenue of Rs 1 billion in first 50 days of the present government due to concentrated efforts by Minister for Railways Sheikh Rashid Ahmad. According to a press release issued on Wednesday by Ministry of Railways, during the period from August 2017 to October...
ISLAMABAD - The Federal Board of Revenue (FBR) is continuing its drive for the recovery of taxes from influential tax evaders. The FBR has issued further notices to 154 big tax evaders in the third phase of its drive of broadening tax base of the country. Earlier, the FBR had...
ISLAMABAD: The Finance Minister Asad Umar on Monday said that the government will present the proposed International Monetary Fund (IMF) bailout package before the parliament for approval. Mr Umar said that the Pakistan Tehreek-i-Insaf (PTI) government had reduced the burden on common man as compared to the Pakistan Muslim League-Nawaz (PML-N)...
LAHORE: Imran Ali, the man convicted of raping and murdering seven-year-old girl Zainab, a resident of Kasur, was hanged early Wednesday. Ali was executed in the presence of both Magistrate Adil Sarwar and the deceased's father, Muhammad Amin, both of whom arrived early morning at the Kot Lakhpat Jail. An ambulance...
ISLAMABAD - Pakistan Telecommunication Authority (PTA) has started sending Short Messaging Service (SMS) to all mobile subscribers to create public awareness about Device Identification, Registration and Blocking System (DIRBS) which has been introduced to curb illegal imports. Any mobile device reflecting non-compliant status after October 20, 2018 will be blocked...
FAISALABAD: Skilled manpower is imperative to support existing value added textile sector for growth and to earn foreign exchange, besides creating maximum job opportunities for the unemployed youth. An Memorandum of Understanding (MoU) was signed between knitwear industry and Punjab Vocational Training Council with the courtesy of GIZ, said sources. Kashif...
ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued online procedure for correction in computerized payment receipts for inland taxes. The FBR said that it had introduced e-procedure for correction of Computerized Payment Receipt (CPR) in order to facilitate taxpayers for ease of doing business. The following e-procedure will be followed...
KARACHI: CNG Stations owners have decided to increase the retail price to Rs103 per kilogram from October 06, 2018 (today) after the recent hike in gas prices announced by the government. The CNG Association decided to increase in retail price on Friday after 40 percent increase in gas prices for...
KARACHI: CNG station owners and representatives of public transports have rejected hike in gas prices notified by Oil and Gas Regulatory Authority (OGRA) on Thursday. Shabbir Sulemanji, Chairman, CNG Association rejected the 40 percent hike in price and said that rise had been implemented from September 27, 2018. “A burden...
ISLAMABAD: Pakistan’s economic policy should include more exchange rate flexibility and monetary policy tightening, further fiscal adjustment anchored in a medium-term consolidation strategy, and strengthening the performance of key public enterprises together with further increases in gas and power tariffs. “Together, these steps would help reduce current account pressures and...
ISLAMABAD: Federal Minister for Petroleum, Ghulam Sarwar Khan on Wednesday said Saudi Arabia has agreed to establish major refinery at Gwadar and showed keenness to make investments in other areas of the energy sector. In a meeting with journalists on Wednesday, Mr Khan said both Pakistan and Saudi Arabia had agreed...