05282016Sat
Last update: Sat, 28 May 2016 02pm

Business & Economy

Pakistan - Business & Economy

FBR issues active taxpayers list for tax year 2015 ISLAMABAD: Federal Board of Revenue (FBR) Wednesday issued the Active Taxpayers List (ATL) for the Tax Year 2015.The ATL 2015 contains CNICs/names of individuals/National Tax Numbers (NTNs)/names of companies and Association of Persons (AoPs) who filed their income tax returns for the tax year 2015.The names of those taxpayers who had filed their returns in tax year 2014 but failed to file tax returns for the tax year 2015 have not been included in the ATL for tax year 2015 and they would be treated as non-filers requiring to pay income tax as per enhanced withholding tax rates on the pattern of other non-filers as per various provisions of law with immediate effect, said a statement issued by the FBR. Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Marble, Granite machinery handed over to KPK mine owners ISLAMABAD: Pakistan Stone Development Company (PASDEC) on Wednesday handed over Marble and Granite machinery to mine owners of Khyber Pakhtunkhwa (KP) for promoting mechanized quarrying in the province.The said machinery has been funded by Multi Donors Trust Fund under Competitive industries Project for Khyber Pakhtunkhwa (CIPK).The objective of the project is to promote mechanized quarrying in the province and discourage the conventional methods of mining by blasting.Under the project, 13 set of excavators and compressors ...

Pakistan - Business & Economy

Ebad for further strengthening Pakistan-Bangladesh economic ties KARACHI: Sindh Governor Dr. Ishrat-ul-Ebad has emphasised the need to further strengthen economic and trade relations between Pakistan and Bangladesh. The Governor was talking to a nine-member Bangladeshi media delegation which led by Saiful Huda called on the Governor at Governor House here on Tuesday, according to a handout issued here. The Governor said that the forthcoming SAARC conference to be held in Pakistan would enable member countries to explore new avenues of close cooperation ...

Pakistan - Business & Economy

LCCI for more funds for Cottage Industry in budget LAHORE: Lahore Chamber of Commerce and Industry (LCC) on Tuesday urged government to give special incentives to Cottage Industry in the federal budget 2016-17 and announce setting up of cottage city as the cottage industry is backbone of manufacturing sector. Talking to the head of 100-member delegation of Cottage industry, Ghulam Sarwar Malik, the LCCI President Sheikh Muhammad Arshad said that cottage industry was not only a building block of economy but also of utmost ...

Pakistan - Business & Economy

Business community advised to be mobilized for CPEC benefits KARACHI: A leading businessman and former president Karachi Chamber of Commerce and Industry, Iftikhar Ahmed Vohra has advised Pakistani business community to move forward and increase interaction with their Chinese counterparts for truly benefiting from huge prospects of China-Pakistan Economic Corridor (CPEC)." We, business community would have to step forward to reap fruits of CPEC, " he remarked while talking to APP here on the eve of 65th anniversary of Pak-China relationship.He said Chinese companies ...

Pakistan - Business & Economy

Market rates of bullion in Multan MULTAN: Following bullion rates were received from markets here on Tuesday.BULLION (PER 10 GRAM)=====================GOLD TEZABI-24 CT---- 41580.00GOLD 22 CT-------------38010.00SILVER TEZABI------------574.00SILVER THOBI-------------525.00Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Business & Economy

Govt utilizes Rs 6.4 billion on 714 projects KHANEWAL: Punjab government had utilized Rs 6.4 billion on 714 different uplift projects in district Khanewal.Official sources said that the projects included widening and construction of 26 roads on which Rs 3.23 billion were spent. Similarly, other uplift schemes include overhead bridge, upgradation of District Headquarters Hospital (125 beds to 250 beds), Trauma Centre, THQ Kabirwala upgradation, BHUs Sardarpur, Kukar Hatta and some projects of solid waste management. Two new colleges, one at Tulamba and ...