FBR collects Rs320 bn in Oct, revenue collection up by 16%

ISLAMABAD, Oct 31 (APP):Federal Board of Revenue (FBR) has collected Rs320 billion revenues during the month of October and maintained overall increase over last year of 16% and domestic tax over 25%. This is after taking into account negative aspect of import contraction of around Rs50 billion, FBR Chairman Syed Shabbar Zaidi said in a… Continue reading FBR collects Rs320 bn in Oct, revenue collection up by 16%

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Hafeez Shaikh chairs meeting

ISLAMABAD, Oct 31 (APP):Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh Thursday chaired a meeting which was held to discuss the outstanding payments of Independent Power Producers (IPPs). The meeting which was also attended by the Governor State Bank of Pakistan, Secretary Finance, Special Secretary Finance and Additional Secretary Ministry of… Continue reading Hafeez Shaikh chairs meeting

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First private LNG shipment likely to arrive by month end

ISLAMABAD, Oct 31 (APP):The first private shipment, carrying around 130,000 cubic meter Liquefied Natural Gas (LNG), is likely to arrive at Karachi port by end of this month, Chief Executive Officer of Universal Gas Distribution Company (UGDC) Ghiyas Abdullah Paracha said Thursday. “We have recently signed deals with world leading companies ExxonMobil and Trafigura for… Continue reading First private LNG shipment likely to arrive by month end

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Pak-China JWG on Agriculture Cooperation visits PARC

ISLAMABAD, Oct 31 (APP):A delegation of Pak-China Joint Working Group (JWG) on Agriculture Cooperation here on Thursday visited Pakistan Agricultural Research Council (PARC). The delegation met PARC Chairman Dr Muhammad Azeem Khan and discussed ways and means to enhance bilateral cooperation in agriculture sectors between both the countries, a press release said. On the occasion,… Continue reading Pak-China JWG on Agriculture Cooperation visits PARC

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Govt, traders reach agreement, shutter-down strike ends

ISLAMABAD, Oct 30 (APP):The government and traders Wednesday reached an agreement, under which the Federal Board of Revenue (FBR) delayed the condition of CNIC for sales and purchase of goods till January 31st, 2020, hence putting an end to the shutter-down strike the traders had been observing for second consecutive day on Wednesday. According to… Continue reading Govt, traders reach agreement, shutter-down strike ends

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Meditation services at Buddhist sites to bring influx of religious tourists: Chief Monk

MARDAN, Oct 30 (APP):The Most Venerable Monk Arayawangso, currently visiting Pakistan with a delegation, on Wednesday said both Pakistan and Thailand were in consultative process to introduce meditation services at Buddhists sites which would bring an influx of religious tourists and ultimately boost economy. “We may have three to five days meditation at the Buddhist… Continue reading Meditation services at Buddhist sites to bring influx of religious tourists: Chief Monk

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Japan to open job opportunities for 350,000 workers

ISLAMABAD, Oct 30 (APP):Japan would provide jobs to around 350,000 workers from 10 different countries, including Pakistan, Ambassador of Japan to Pakistan, Kuninori Matsuda said Wednesday. The labour force would accommodate in 14 major sectors including nursing care, building clinic, agriculture, fisheries, hotel management, food and beverages, aircraft maintenance and airports ground handling staff, shipbuilding,… Continue reading Japan to open job opportunities for 350,000 workers

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Govt working on mechanism to wipe out money laundering, suspicious transactions: Hamad

ISLAMABAD, Oct 29 (APP):Federal Minister for Economic Affairs, Hamad Azhar on Tuesday said that the present government was working on mechanism to wipe out money laundering and suspicious transactions. The Inter-agency mechanism has already been established to check terror financing investigations, suspicious transactions and non-profit organizations, he stated while talking to a private news channel.… Continue reading Govt working on mechanism to wipe out money laundering, suspicious transactions: Hamad

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Hafeez Shaikh accepts textile exporters’ ST refund demand

ISLAMABAD, Oct 29 (APP):Advisor to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh Tuesday accepted the demand of textile exporters, allowing them payment of Sales Tax refund, for the month of August and July, through old Expeditious Refund System (ERS) system. Talking to the delegation of Textile Exporters here, the Advisor said that… Continue reading Hafeez Shaikh accepts textile exporters’ ST refund demand

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NA body stresses for comprehensive strategy to increase external trade

ISLAMABAD, Oct 29 (APP):National Assembly Standing Committee on Commerce and Textiles on Tuesday stressed the need for evolving a comprehensive strategy to increase the country’s external trade. The Senate committee on commerce also sought a report from the Federal Board of Revenue for resolving the issues of textile industry to promote growth and productivity of… Continue reading NA body stresses for comprehensive strategy to increase external trade

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Rice export to be increased to $5 bln in five years: Razak

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ISLAMABAD, Oct 28 (APP):Adviser to Prime Minister on Commerce, Industries and Production, Textile and Investment Abdul Razak Dawood Monday said rice was the largest agro export commodity in the the country’s export basket with a total volume of over $ 2 billion, which will be increased to $5 billion in next five years. He said… Continue reading Rice export to be increased to $5 bln in five years: Razak

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FBR directs all staffers not to make any contact with taxpayers

ISLAMABAD, Oct 28 (APP):Federal Board of Revenue (FBR) has issued directions to all officers and officials of FBR headquarters and its field formations not to contact with any taxpayer or businessman in any form including physical visit, telephonic, mobile calls, SMS or email, except when legally authorized to do so. The step has been taken… Continue reading FBR directs all staffers not to make any contact with taxpayers

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Connecting local economy with potential global markets top priority: Razak Dawood

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ISLAMABAD, Oct 28 (APP):Adviser to Prime Minister on Commerce, Industries and Investment Abdul Razak Dawood Monday said that the government has been giving priority to connect the local economy with major potential economies of the world for achieving the agenda of trade liberalization to enhance country’s exports. “Our major economic agenda is to increase country’s… Continue reading Connecting local economy with potential global markets top priority: Razak Dawood

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SAARC Chamber asks govt to encourage young entrepreneurs to achieve economic targets

ISLAMABAD, Oct 28 (APP):SAARC Chamber of Commerce and Industry (SCCI) Monday said Pakistan should focus on encouraging its youth towards entrepreneurship for improving livelihoods, expanding economy and promoting jobs. Inaugurating a two day boot camp for Startups organized by SAARC Chamber of Commerce and Industry in association with Friedrich Naumann Foundation for Freedom and Plan9… Continue reading SAARC Chamber asks govt to encourage young entrepreneurs to achieve economic targets

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First Shale gas, oil well to be drilled in December

ISLAMABAD, Oct 27 (APP):The Oil and Gas Development Company Limited (OGDCL) has planned to start drilling activities in potential areas of Sindh in December this year for exploration of Shale gas and oil deposits identified almost five years ago, which would also help determine the cost of fuel extraction. “In pursuit of the Shale gas… Continue reading First Shale gas, oil well to be drilled in December

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Planning Ministry authorizes release of over Rs 203.563 billion for development projects

ISLAMABAD, Oct 26 (APP):The Ministry of Planning, Development and Reform has so far given authorization for the release of over Rs 203.563 billion for various ongoing and new social sector uplift projects under its Public Sector Development Program (PSDP) 2019-20, as against the total allocation of Rs 701 billion. Out of this total amount, the… Continue reading Planning Ministry authorizes release of over Rs 203.563 billion for development projects

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Chinese companies locating business in Pakistan: Razak Dawood

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ISLAMABAD, Oct 24 (APP):Advisor to Prime Minister on Commerce, Investment, Industries and Textile, Abdul Razak Dawood on Thursday said that Chinese companies have started locating business centers in different parts of the country. The Chinese companies had started construction work in Lahore and Faisalabad to explore business in textile sectors, he stated while talking to… Continue reading Chinese companies locating business in Pakistan: Razak Dawood

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Up-gradation of railway track to open more job opportunities: Dawood

ISLAMABAD, Oct 24 (APP):Adviser to Prime Minister on Commerce, Textile, Industry and Investment Razak Dawood has said that up-gradation of railway track would open more job opportunities in the country. The industry and agriculture sectors are the growth engines, which will bring improvement in the lives of the common man, he stated this while talking… Continue reading Up-gradation of railway track to open more job opportunities: Dawood

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IBIs share in banking assets increased to 14.4%

ISLAMABAD, Oct 24 (APP):The share of Islamic Banking Institutions (IBIs) in banking sector’s asset increased to 14.4 percent during the first half of the current calendar year, State Bank of Pakistan (SBP) reported. According the latest report of SBP, the IBIs contribution in total assets flows during January-June 2019 was the highest in the last… Continue reading IBIs share in banking assets increased to 14.4%

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Ambassador designated to WTO assures playing role to promote exports

ISLAMABAD, Oct 24 (APP):Ambassador-designate to Permanent Mission of Pakistan to the WTO, Geneva (Switzerland) Mujtaba Paracha Thursday assured that he would play role for promoting Pakistan’s trade exports with foreign countries. He visited Islamabad Chamber of Commerce and Industry and addressed the local business community. He said that Pakistan’s Permanent Mission to WTO was focused… Continue reading Ambassador designated to WTO assures playing role to promote exports

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