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

Business & Economy

Pakistan - Business & Economy

FBR in full gear to make Voluntary Tax Compliance Scheme a success : Haroon ISLAMABAD: Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan Tuesday inaugurated a control room-cum-operational room in the FBR Headquarters to coordinate activities in FBR's field formations across the country.The Control Room-cum-operational room will facilitate and educate the traders about the Voluntary Tax Compliance Scheme which has been launched after approval of the Parliament.Member Operations FBR Dr. Muhammad Irshad and other senior officials of FBR were also present, said a statement issued by FBR.The Special Assistant to the PM cut the ribbon to make the control room, fitted with communication and connectivity gadgets, operational.Later, he was briefed by Member Operations FBR, Dr. Muhammad Irshad on various monitoring and control mechanisms put in place to coordinate efforts for facilitating and educating the traders and motivating them to make full use of the Voluntary Tax Compliance Scheme.He was informed that all Chief Commissioners of Regional Tax Offices had already been ...

Pakistan - Business & Economy

Seedless kinnow to be cultivated over 30,000 acres FAISALABAD: Agriculture department has decided to cultivate seedless 'kinnow' over 30,000 acres of land in Toba Tek Singh, Sargodha, Layyah and Vehari districts to export it in global markets. A spokesman of the Agriculture department said here on Tuesday that initially more than 1,000 saplings of seedless kinnow would be prepared in the nurseries of the Agriculture department and these would be provided to the growers of Toba Tek Singh, Sargodha, Layyah and Vehari for ...

Pakistan - Business & Economy

Rs632mn earmarked for new fish seed hatcheries LAHORE: An amount of Rs.632 million are being spent on the establishment of new hatcheries and nursery units besides use of barren lands for fisheries purpose to meet the growing demand of fish seed and providing quality seeds to farmers.It was stated by the Director General Fisheries Punjab, Dr. Muhammad Ayub while presiding over a meeting regarding ongoing development projects here Tuesday. Director Fisheries (Extension) Dr. Iftikhar Qureshi, Deputy Director (Planning & Development) Ansar Mehmood ...

Pakistan - Business & Economy

CPI based inflation up by 3.3pc in January ISLAMABAD: The Consumer Price Index (CPI) based inflation rate during last month (January) witnessed an increase of 3.3 percent as compared to same month of last year.On month-on-month basis the CPI inflation however decreased by 0.2 percent in January as compared to the previous month, according to data released by Pakistan Bureau of Statistics (PBS).Meanwhile, the Sensitive Price Index (SPI) inflation on year on year basis increased by 3.1 percent in January, 2016 as compared ...

Pakistan - Business & Economy

FBR collects Rs 209bn to surpass Rs 205bn target for Jan ISLAMABAD: During January, 2016, according to the provisional figures received so far, Federal Board of Revenue (FBR) has made a net collection of around Rs. 209 billion as against Rs. 171 billion collected during January, 2015 showing an increase of 22%.The target for the month was fixed at Rs. 205 billion which has also been achieved, said a statement issued by FBR here Monday.The figure is expected to rise further. The net collection for the ...

Pakistan - Business & Economy

Leather industry delegation on visit to India KARACHI: A 15 member delegation of Pakistan Tanners Association (PTA) led by its Chairman Gulzar Firoz, on Monday left for India on study tour.It will also attend International Leather Fair to be held from February 1 to 3 at Chennai, India, and to participate the 19th International Footwear Congress scheduled between Feb 3 to 5, said a PTA statement here.Representatives of twenty countries are expected to participate in this event.The study tour is sponsored/supported by ...

Pakistan - Business & Economy

KP businessmen, people laud Federal Govt for reducing petroleum prices PESHAWAR: The business community, politicians and people of Khyber Pakhtunkhwa here Monday lauded Federal Government for reducing petroleum products and termed it a positive decision, which would give direct relief to common man besides promoting industrialization in the country.Former President Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), Fawad Ishaq told APP that reduction of petroleum products was a wise and positive decision of the Federal Government that would not only reduce transportation cost but ...