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The government is likely to impose Regulatory Duty (RD) on the import of some more items including one or two petroleum products. Sources told Business Recorder here on Thursday that different proposals are under consideration to impose RD on additional items. At present 5 percent regulatory duty is applicable on the import of furnace oil from February 12.

Prime Minister Nawaz Sharif Thursday said his government is committed to making Pakistan the preferred destination for business. Addressing the launch of Expo Pakistan, country's biggest trade fair that showcases the largest collection of Pakistan's export merchandise and services, he said that Pakistan is a land of business opportunities.
ImageFederal government on Thursday poured cold water on the revival efforts of two Independent Power Producers in relation to a 120. MW Japan Power Generation Company (JPGC) and a 110 MW Southern Electric Power Company Limited (Sepcol), arguing that both power companies are bankrupt.
Delays in the execution of development projects and their cost escalation is causing a loss of billions of rupees to the national exchequer. This was stated by senior officials of Ministry of Housing and Works during a meeting of National Assembly Standing Committee, which met here on Thursday to discuss budgetary proposals relating to ministry's programmes under Public Sector Development Programme (PSDP) for the next fiscal year as well as status of the on-going projects.
Tax Reform Commission's (TRC) sub-committee on sales tax and federal excise duty recommended abolition of Commissioner Appeal forum with the facility to directly file appeals to the Appellate Tribunal, restoration of Alternative Dispute Resolution Committee (ADRC), allowing revision of sales tax returns without Commissioner's approval and rationalising discretionary powers of Commissioners Inland Revenue.
Fresh tensions emerged Thursday between Greece and Germany as attention turned to Athens's huge debt pile two days after the stricken eurozone country secured an extension of its bailout. Greece, whose economy has shrunk by a quarter in six years, owes 320 billion euros ($365 billion), equal to 175 percent of its annual economic output.
The absence of triggers made the volatile Karachi share market more depressed Thursday and the KSE-100 index shed 82.50 points for the fourth consecutive day to close at 33,762.80 points from 33,845.30 points Wednesday. Ahsan Mehanti of Arif Habib Corp said the market stayed bearish amid futures contracts rollover and weaker earnings outlook in oil, banking and cement sectors on falling international oil prices, lower banking spreads and thin cement makers margins.
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IndexClosingChg%
ArrowDJIA 18,214.42 0.06
ArrowNasdaq 4,987.89 0.42
ArrowS&P 2,110.74 0.15
ArrowFTSE 6,949.73 0.21
ArrowDAX 11,327.19 1.04
ArrowCAC-40 4,910.62 0.58
ArrowNikkei 18,785.79 1.08
ArrowH.Seng 24,902.06 0.50
ArrowSensex 28,746.65 0.90







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln