Category: Business

ISLAMABAD, July 20 (APP):Caretaker Finance Minister Dr. Shamshad Akhtar said Friday that mobilization of local resources was imperative to ensure macroeconomic stability, sustainable growth and development of the country. Speaking at the inaugural session of summer camp organized by Pakistan Tax Bar Association and Lahore Tax Bar Association, the minister said that revenues played a… Continue reading Mobilizing local resources imperative for sustainable economic stability : Dr. Shamshad

ISLAMABAD, July 20 (APP):Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into the country. The minister was talking to a delegation of the Pakistan Business Council (PBC) led by Ehsan Malik and Bashir Ali Mohammad that met her here, according to… Continue reading Dr. Shamshad for improving quality of local products to decrease imports

ISLAMABAD, July 20 (APP):The State Bank of Pakistan has targeted in its newly formulated policy to increase housing finance portfolio of banks and Development Financial Institutes (DFIs) from current, Rs83 billion to Rs250 billion by June 2021, along with increasing the number of borrowers to 200,000 from the current 68,000. The Policy for promotion of… Continue reading Low cost housing finance portfolio to be increased to Rs250 bn by 2021: SBP

ISLAMABAD, July 20 (APP):Islamabad Chamber of Commerce and Industry (ICCI) delegation led by Senior Vice President ICCI Muhammad Naveed Malik visited Jeddah Chamber of Commerce in Jeddah and held a meeting with Vice Chairman JCC Mazen M. Batterjee to explore potential areas of mutual cooperation between the private sectors of two countries. Mazen M Batterjee… Continue reading ICCI delegation visits Jeddah Chamber of Commerce to explore trade promotion prospects

ISLAMABAD, Jul 20 (APP):The Federal Board of Revenue (FBR) has embarked upon proactive approach to create awareness among business community and people about the tax amnesty schemes, recently announced by the government which facilitates registration of undeclared assets and incomes. The schemes offered a golden opportunity to the people holding undeclared and undisclosed income and… Continue reading FBR embarks upon proactive approach to create awareness about tax amnesty

  ISLAMABAD, Jul 18 (APP):President Islamabad Chamber of Commerce and Industry (ICCI) Sheikh Amir Waheed on Wednesday asked the government to take notice of declining value of rupee against the dollar. In a statement he said that the the rupee devaluation would increase the input cost and make local products uncompetitive in the international market… Continue reading ICCI asks government to take notice of rupee depreciation

ISLAMABAD, Jul 17 (APP):Business leaders of South Asia at a seminar, emphasized on cooperation and concerted efforts of all the countries, especially among the South Asian Association for Regional Cooperation (SAARC) to cope with the challenges of climate change. According to SCCI press statement issued here Tuesday, the seminar titled “A Climate Resilient South Asia:… Continue reading SAARC CCI called for coordinated efforts to deal with Climate Change

ISLAMABAD, July 17 (APP):Member Taxpayer Audit Federal Board of Revenue (FBR) Nausheen Javaid Amjad Tuesday called on the people to make an optimal use of the ongoing Tax Amnesty which because of its low tax rates and legal protection from penalties and prosecution. This was the best scheme that could be rolled out to allow… Continue reading FBR calls for making most of Tax Amnesty, rules out extension

ISLAMABAD, Jul 17 (APP):Sale of motor bikes and three wheelers in the country during the year 2017-18 increased by 18.32 percent when compared to the sale during same period of fiscal year 2016-17. The motor bikes sale rose to 1,929,613 units during July-June 2017-18 compared to sale of 1,630,735 units in same period of previous… Continue reading Motor bikes, 3-wheelers’ sale up 18% in FY 2017-18

ISLAMABAD, Jul 16 (APP):The Federal Board of Revenue (FBR) has obtained information regarding immovable properties owned by Pakistanis in United Kingdom (UK). The information has been obtained with the assistance of Organization for Economic Cooperation and Development (OECD) and UK tax authorities, said FBR in a brief statement. According to the statement, the information was… Continue reading FBR obtains information about Pakistanis’ immovable properties in UK

KARACHI, Jul 16 (APP):Malaysia sees China-Pakistan Economic Corridor as a big opportunity for South Asia region , especially for Pakistan. She can partner with Pakistan in potential projects in different sectors, if invited. Malaysia has extended big support to Pakistan in education sector. At present, 1600 Pakistani students were studying there in different faculties. There… Continue reading Malaysia keen to partner in different sectors : Consul General