02072016Sun
Last update: Sun, 07 Feb 2016 08pm

Business & Economy

Pakistan - Business & Economy

FCCI condemns Bacha Khan University incident FAISALABAD: The Faisalabad Chamber of Commerce and Industry (FCCI) President Chaudhry Muhammad Nawaz here on Wednesday condemned the terrorist attack on Bacha Khan University, Charsada. In a statement issued here on Wednesday, the FCCI President said that due to operation Zarb-e-Azb, terrorists were facing severe blow and that was why they were targeting educational institutions. He said that Pakistan was passing through a critical juncture, however, the entire nation was standing with the Pakistan Army for the elimination of terrorists from the country. He prayed for the departed souls of the martyrs of Bacha Khan University. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

FBR realizes Rs.1501bn revenues till Jan 18 ISLAMABAD: The Federal Board of Revenue (FBR) has realized Rs.1501 billion revenues upto January 18 against the collections of Rs. 1261 billion taxes in the same period of last fiscal year, showing an increase of 19 percent, a senior official of the board said.Spokesman of FBR, Dr. Muhammad Iqbal told APP here Wednesday that the FBR had performed well in tax collection and as it collected 30 percent more taxes during first 18 days of ...

Pakistan - Business & Economy

No wheat shortage in Gilgit Baltistan: Senate told ISLAMABAD: Minister for National Food Security and Research Sikandar Hayat Khan Bossan said Wednesday as many as 122570 tons of wheat had been provided to Gilgit Baltistan and there was no shortage of flour in the area. Replying to a calling attention notice given by Senator Mian Muhammad Attiq Shaikh, the minister said in the Upper House that federal government had allocated quota of 1,50000 tons of wheat Gilgit Baltistan each year, adding if the ...

Pakistan - Business & Economy

Chairman FBR for broadening tax net to increase revenues ISLAMABAD: Chairman, Federal Board of Revenue (FBR), Nisar Muhammad Khan has expressed a need to broadening the tax net to increase the revenues for economic stability and growth in the country."We are committed to simplifying tax system by adopting scientific and technical approach to broaden the tax-net," adding, such methods will increase strength of the taxpayers.While addressing a reception arranged by Anjuman-e-Tajran, Islamabad here, he said that tax collection is necessary to manage the imbalance ...

Pakistan - Business & Economy

Korean Companies keen to invest in Pakistan ISLAMABAD: A number of Korean companies working on various projects including Hydel ones and Lowari Tunnel showed keen interest to invest more in Pakistan. Ambassador of The Republic of Korea, Dr Song Jong-hwan said this while addressing a reception hosted by the Pak-Korea Friendship Forum.The Ambassador highlighted the importance of bilateral trade and economic relations between Pakistan and Korea and expressed his resolve to enhance existing cooperation to the maximum level in the coming years.Speaking ...

Pakistan - Business & Economy

Work on short-duration wheat varieties urged MULTAN: Secretary Agriculture Shehar Yar Sultan said that short-duration and low heighted wheat varieties would help to enhance income of farmers and improving wheat yield in the country.In a statement issued here Wednesday, secretary agriculture stated that agriculture scientists contribution for agriculture uplift was praiseworthy.He said that the scientists would be provided with different facilities. Government will offer them scholarships for higher education in abroad with an objective to improve their capacity building further.He urged ...

Pakistan - Business & Economy

CCP holds seminar at Quetta Chamber of Commerce QUETTA: The Competition Commission of Pakistan (CCP) on Tuesday held a seminar at the Quetta Chamber of Commerce and Industry (QCCI) as part of the National Road Show on Competition Law.The seminar was attended by CCP Chairperson Vadiyya Khalil, members Shahzad Ansar and Ikram Ul Haque Qureshi, directors Asfandyar Khattak, Ikram Ul Haque, Noman Laiq, and Umair Javed, QCCI Vice President Samiullah Baloch, members of the executive committee and the business community in large number, ...