Thursday, 25 April 2013 03:18
Posted by Asad Naeem
LAHORE: The Punjab Chief Minister's Advisor on Finance and Taxation, Zia Haider Rizvi, said on Wednesday that a downward revision in the rate of the Property Tax was on the cards and it would be brought at 10 percent instead of 25 percent.Speaking here at Lahore Chamber of Commerce and Industry,he said the property survey would be conducted in Punjab to enhance the scope property tax collection, adding that tax rate would be finalized after taking the masses on board, while, the Excise and Taxation Department would also coordinate with LCCI in this regard.The Advisor said the discretionary powers of the tax inspectors would also be curtailed to make the system more effective through improvement in implementation process.He also agreed with Lahore Chamber's proposal and promised to include LCCI representatives in Evaluation Committee of the Punjab government for Property Tax.While, the LCCI President Farooq Iftikhar said the tax machinery required ...
196
LAHORE: The Punjab Chief Minister's Advisor on Finance and Taxation, Zia Haider Rizvi, said on Wednesday that a downward revision in the rate of the Property Tax was on the cards and it would be brought at 10 percent instead of 25 percent.Speaking here at Lahore Chamber of Commerce and Industry,he said the property survey would be conducted in Punjab to enhance the scope property tax collection, adding that tax rate would be finalized after taking the masses on board, while, the Excise and Taxation Department would also coordinate with LCCI in this regard.The Advisor said the discretionary powers of the tax inspectors would also be curtailed to make the system more effective through improvement in implementation process.He also agreed with Lahore Chamber's proposal and promised to include LCCI representatives in Evaluation Committee of the Punjab government for Property Tax.While, the LCCI President Farooq Iftikhar said the tax machinery required ...
ISLAMABAD: The Liquified Petroleum Gas (LPG) distributors association has reiterated its commitment to continue support towards government for extending relief to consumers. " The caretaker minister for Petroleum and Natural Resources Sohail Wajahat Saddiqi has convened meeting of the LPG distributors association to discuss several issues including prices, LPG policy and introduction of LPG auto-stations in order to ease the energy crisis and extend relief to LPG consumers, across the country," the association says in ...
LAHORE: Lahore High Court Chief Justice Umar Ata Bandial Monday ordered to limit loadshedding duration up to 8 hours in Lahore.The chief justice also sought a compliance report in this regard by April 29. The chief justice passed the order on a petition filed by Judicial Activism Panel, a public interest litigation firm, against loadshedding in Punjab. Earlier, Joint Secretary, Ministry of Water and Power, Zargham Shah appeared before the court on being summoned and ...
ISLAMABAD: Food exports from the country during the first three quarters of the current year increased by 11.4 percent as compared to the corresponding period of last year. The overall food exports during July-March (2012-13) stood at US$ 3.432 billion against the exports of US$3.081 billion recorded during July-March (2011-12), according to latest data of Pakistan Bureau of Statistics (PBS). The food commodities that contributed in positive growth of trade included fish and fish preparations, ...
LAHORE: Caretaker Chief Minister Punjab Najam Sethi discussed the problems being faced by Women Chamber of Commerce and Industry (WCCI) with its office-bearers led by its Founder President Dr Shehla Javed Ikram at CM Secretariat on Monday.On this occasion, Najam Sethi said women were playing an important role in all walks of life, and no country could achieve developmental goals and prosperity without active participation of women in practical field.Sethi said Pakistani women were capable ...
LAHORE: The Punjab government released Rs 148.900 billion funds, out of revised ADP Rs 209.900 billion, for development projects during the last nine months of fiscal year 2012-13. Funds of Rs 98.200 billion have so for been utilized during the period of 1st July, 2012 to 31st March, 2013 on the completion of development projects with 66 percentage. Chairman P&D Board Punjab Sohail Ahmad disclosed this while chairing a high level two-day meetings of 3rd ...
ISLAMABAD: Nigerian High Commissioner to Pakistan, Dauda Danladi has congratulated the New President of Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Zubair Ahmad Malik and expected to strengthen strong economic ties with Pakistan under his leadership."I on my behalf and on behalf of the Nigerian Business Community in Pakistan congratulate Zubair Ahmed Malik on assuming the high office of FPCCI Chief and hope Pakistan-Nigeria trade relations will grow from strength to strength under ...
