12082016Thu
Last update: Thu, 08 Dec 2016 05am

Industries & Sectors

Pakistan - Industries & Sectors

Early drought warning helps local farmers prepare for dry season RAWAT: Like his farming neighbours, Bilal Khan plants wheat in late October or early November each year, and harvests and sells his winter crop a few months later.But this year, there are no wheat stalks are to be seen on his 3 hectares (5 acres) of land in Rawat, a town some 12 miles (20 km) from capital Islamabad.Instead, Khan is growing onions, potatoes, cauliflower, cabbage and carrots.In late October, the Pakistan Meteorological Department informed Khan and other farmers that no rain was forecast for the crucial wheat-growing months of November and December in parts of northern Pakistan that rely solely on rain-fed agriculture.The warning was one of the first of its kind from Pakistan's weather service, aimed at helping farmers look ahead months, rather than just days, and plan for crops more likely to survive drought."As advised by the weatherman on the radio, I exercised caution and opted for vegetable cultivation, it being less water-intensive," Khan said. He is irrigating his ...

Pakistan - Industries & Sectors

Leather sector sales tax collection increases over 17pc ISLAMABAD: The sales tax collection from the leather sector witnessed increase of 17.45 percent during the fiscal year 2015-16 compared to the same period of last year. According to the official data avaialable, the overall sales tax collection, both at domestic and import stage was recorded at Rs 1547.84 million in FY 2016 compared to the collection of Rs 1317.77 million during FY2015. The revenue collection at import stage witnessed increase of 31.23 percent while at domestic it witnessed negative growth of 3.2 percent. The sales ...

Pakistan - Industries & Sectors

K-Electric does not pay heed to protests of citizens; Ombudsman KARACHI: K Electric is still sending excessive bills to citizens and it does not pay any attention to the protests by citizens. This was stated by Advisor to Federal Ombudsman Regional Office, during the hearing of applications from citizens against K-Electric at the camp office of Deputy Commissioner, Malir, according to a statement issued here on Thursday. He said Ombudsman continues to provide speedy and free justice at the doorstep to citizens. The Ombudsman Court during the hearing of complaints against the power ...

Pakistan - Industries & Sectors

LHC stays tax recovery of Rs253.4mn from LESCO LAHORE: Lahore High Court (LHC) on Wednesday stayed Federal Board of Revenue (FBR) from recovering Rs 253.4 million tax from Lahore Electric Supply Company (LESCO) for three days. Justice Shams Mehmood Mirza passed the orders on a petition filed by the LESCO challenging the tax notices for recovery of Rs 253.4 tax. Earlier, LESCO's counsel arguing before the court submitted that electricity distribution companies were not included among those companies which were bound to pay tax on their income and sales. But, despite the ...

Pakistan - Industries & Sectors

Mobile phone import declines 18.25pc in four months ISLAMABAD: Mobile phone import into the country decreased by 18.25 per cent in first four months (July-October) of the fiscal year 2016-17 as compared to same period of last year. According to latest data released by Pakistan Bureau of Statistics (PBS), the mobile phone import declined to $198.198 million in July-October (2016-17) from $242.456 million in the same period of preceding fiscal year. On yearly and monthly basis, the imports in October 2016 also decreased by 25.81 per cent and 4.12 per cent when ...

Pakistan - Industries & Sectors

18 fuel efficient aircraft in PIA improve fleet age ISLAMABAD: Pakistan International Airlines (PIA) has acquired 18 narrow body/fuel efficient aircraft during last two years which improved fleet age from 14 years to 9 years.  The induction of more aircraft in fleet, the punctuality of flights has also witnessed increase to above 90 per cent during 2016. Official sources at Aviation Division while listing achievements gained and profit earned by PIA during tenure of present government on Wednesday said the organization recorded a gross operating profit of Rs. 2.83 billion in first ...

Pakistan - Industries & Sectors

KE establishes electrical engineering lab  KARACHI: The K-Electric has established an electric engineering lab. An official of the utility said on Wednesday that in order to further strengthen the knowledge platform for future engineers, K-Electric has partnered with NED University of Engineering and Technology (NEDUET) to establish its electrical engineering lab along with the provision of integrated equipment. The state-of-the-art lab was inaugurated by Prof Dr Muhammad Afzal Haque, Vice Chancellor, NEDUET and Syed Fakhar Ahmed, Chief Marketing and Communication Officer K-Electric along with university staff. The first of its kind ...