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KCCI for extension of date for filing returns KARACHI: President of Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra has urged the Federal Board of Revenue (FBR) to extend the last date for filing of income tax returns and wealth statements as the taxpayers are facing immense hardships.President KCCI, in his statement on Thursday, emphasized FBR to restore the previous online system for filing of income tax returns to give relief to taxpayers who are trying to submit their returns online but the existing IRIS system continues to give errors. The taxpayers are finding it difficult to submit their returns online via IRIS web portal, he maintained.The old system for filing income tax returns was functioning flawlessly and nobody faced any problems in filing their returns last year but this year, it has been replaced with complicated IRIS system, KCCI Chief opinedHe said that Karachi Chamber has been receiving dozens of complaints everyday about the IRIS ...

LSM output up 3.19pc in 2 months, 5.27pc in August ISLAMABAD: The country's large scale manufacturing (LSM) sector has witnessed growth of 3.19 percent during the first two months of current fiscal year as compared to the corresponding period of last year.The provisional Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 113.46 points during July-August (2014-15) against 109.96 points during July-August (2013-14), according the data of Pakistan Bureau of Statistics (PBS).The highest growth of 2.50 percent was witnessed in the indices ...
Petroleum group imports down by 5.71pc in first quarter ISLAMABAD: Petroleum group imports in the country during first quarter of current financial year fell by 5.71 percent as compared to the same period of last financial year.Petroleum group import in the country came down from US$ 3.984 billion to US$ 3.756 billion during the period from July-September, 2014 showing a negative growth of 5.71 percent in their imports.According the data of Pakistan Bureau of Statistics (PBS), about 3,471,821 metric tons of petroleum products costing ...
Exports of sports products witness positive growth in 1st quarter ISLAMABAD: The exports of sports products from the country witnessed positive growth during the first quarter of the current fiscal year compared to the corresponding period of last year.The sports goods worth $82.015 million were exported during July-September (2014-15) compared to the exports of $81.527 million in July-September (2013-14), showing a positive growth of 0.60 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).The sports goods that contributed in positive growth included ...
Poultry has potential for its export to $2bn: VC LAHORE: Poultry products exports of the country can get a major boost if a proper processing system of is evolved on modern lines. This was stated by Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof. Talat Naseer Pasha while talking to APP on Monday.He said that poultry products have great export potential, upto $ 2 billion per annum, particularly in middle and far east countries, central Asian states and Russia after ...
LCCI for priority gas supply to industrial sector LAHORE: The Lahore Chamber of Commerce and Industry on Friday urged the government to give top priority to the industrial sector in gas supply.In a statement, LCCI president Ijaz A Mumtaz said there was a need to reset priority list keeping in view the economic scenario.The LCCI president sought the prime minister's intervention and help for an equal and regular supply of gas to the all industrial sectors.He said electricity situation was already very alarming ...
SECP organises session on limited liability partnership ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the USAID held second session of a series of advocacy and consultative sessions here on Thursday.The session was attended by key stakeholders from the government, corporate lawyers, members of the bar association, members of the chambers of commerce, members from ICMAP and various faculty members from the academic institutions, said a press release issued here.Representative of USAID, Asif Chishti appreciated the efforts of ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln