08272016Sat
Last update: Sat, 27 Aug 2016 09pm

Business & Economy

Pakistan - Business & Economy

FBR issues immovable property valuation tables for major cities ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued property valuation tables for major cities of the country for the purpose of calculation of capital gain tax.The valuation has been agreed between business community and FBR in recent parleys, which concluded last Saturday and announced by Finance Minister Senator Muhammad Ishaq Dar, said a statement issued by FBR here.The valuation shows various categories of open and constructed plots. Valuation tables can be downloaded from the FBR website www.fbr.gov.pkCopyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Mechanism being evolved for rice export from Pakistan FAISALABAD: Indonesian Ambassador Iwan Suyudhie Amri Tuesday said that Pakistan and Indonesia had inked a Memorandum of Understanding (MoU) in December last and now they were working to evolve a mechanism for export of one million tons of rice from Pakistan to Indonesia by 2019.Addressing the members of Faisalabad Chamber of Commerce and Industry (FCCI) here, he paid glowing tribute to the deceased former Ambassador of Indonesia Burhan Muhammad, who worked hard to bolster bilateral ...

Pakistan - Business & Economy

TDAP invite traders to participate in 19th Africacom ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) has invited applications from the Pakistani Businessmen and traders for participation in the International Trade Exhibition "19th Africacom"The international trade conference is scheduled to be held from November 15-17 in Cape Town Africa, official sources said adding this would provide an excellent opportunity to businessmen to showcase their products and develop business with international buyers through this fair.The products that could be showcased in this international fair ...

Pakistan - Business & Economy

Shipping activity at Port Qasim KARACHI: Three ships C.V MSC Paris, C.V Jazan, C.V Xpress Kailash and M.T Sea-3 carying containers and steel coll were allotted berths at Qasim International Container Terminal and Multi Purpose Terminal respectively on Monday.Meanwhile 03 more ships C.V MSC Alghero, C.V Maersk Detrolt, and M>V Diamond Sea scheduled to load/offload containers and cement also arrived at outer anchorage of Port Qasim during last 24 hours.Berth occupancy was maintained at the Port at sixty percent on ...

Pakistan - Business & Economy

Production of buses and trucks up by 86pc, 37pc in 11 months ISLAMABAD: The production of buses and trucks increased by 85.79 percent and 37.11 percent respectively during the first eleven months of the fiscal year 2015-16.As many as 994 buses were manufactured during July-June (2015- 16) compared to the production of 535 units during July-June (2014- 15), according to Pakistan Bureau of Statistics (PBS).Similarly, the production of trucks was recorded at 5,065 units during the period under review compared to the production of 3,694 units during ...

Pakistan - Business & Economy

Dar lauded for tackling property tax issue amicably ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain on Monday lauded the efforts made by Finance Minister Ishaq Dar for resolving dispute over property evaluation in a peaceful manner."His (Dar's) tireless efforts have not only resolved many serious problems but also improved image of the country," he said.Zahid Hussain who is also Senior Vice Chairman of the Businessmen Panel of FPCCI said that finance minister always took keen interest in the issues ...

Pakistan - Business & Economy

PAD plans to sign MoU with probe agencies to promote transparency ISLAMABAD: Pakistan Audit Department (PAD) plans to sign a memorandum of understanding with investigating agencies like National Accountability Bureau (NAB) to promote transparency and accountability.This was noted in the first meeting of newly constituted Audit Policy Board."This style of engagement with other accountability agencies will not only create a deterrent effect on financial irregularities but will also facilitate practicality of the accountability process", the Audit Policy Board was informed.Auditor-General of Pakistan Rana Asad Amin Chaired ...