02082016Mon
Last update: Mon, 08 Feb 2016 10am

Industries & Sectors

Pakistan - Industries & Sectors

Rs183bn Gas Infrastructure Development Cess collected ISLAMABAD: The government has collected around Rs183 billion on account of Gas Infrastructure Development Cess (GIDC) from January 2012 to December 31, 2015, official sources in Ministry of Petroleum and Natural Resources said."The GIDC was levied from January 2012 and the amount collected under GIDC stood at Rs183.86bn," they told APP.Giving province-wise breakup, they said Rs133.22bn were collected from Sindh, Rs4.703bn from Balochistan, Rs38.226bn and Rs6.763bn from Punjab and Khyber Pakhtunkhwa respectively.They said the amount, deposited into accounts of the federal government, was supposed to be utilized for infrastructure development of Iran-Pakistan (IP) and Turkmenistan- Afghanistan-Pakistan-India (TAPI) pipeline projects, Liquified Natural Gas or other ancillary projects.So far, they said, the GIDC amount had not been utilized as the rules for GIDC spending were not in place and the same was under active proportion.They said the GIDC receipts would be utilized after finalization and subsequent approval of the rules.Copyright APP (Associated ...

Pakistan - Industries & Sectors

FCCI demands scope of amnesty under Voluntary Tax Scheme for SMEs FAISALABAD: President Faisalabad Chamber of Commerce & Industry (FCCI) Chaudhary Muhammad Nawaz Tuesday demanded to enhance the scope of amnesty under Voluntary Tax Scheme to the entire SMEs sector without any discrimination of trader or industry. Addressing the 8th All Pakistan Chamber's Presidents Conference (APCPC) organized by Rawalpindi Chamber of Commerce & Industry (RCCI) at Bhurban, he said that Government should take the business community into confidence while formulating its tax and economy related policies ...

Pakistan - Industries & Sectors

47pc work completed on Tarbela 4th extension project so far ISLAMABAD: As many as 47 per cent work has been completed on the Tarbela 4th Extension Power Project so far and it will be completed by June 2017.Talking to APP, Project Director Tarbela 4th Extension Power Project Shoail Khan said that the project would cost $ 920 million and additional 1410 MW cheaper hydel electricity would be generated.He said that earlier the project was scheduled to be completed in 2018, but on the directive of ...

Pakistan - Industries & Sectors

Railway Carriage Factory produces 120 coaches ISLAMABAD: Railway Carriage Factory, Islamabad (RCFI) has the capacity to produce 120 coaches annually.During last two years, 225 passenger coaches were produced by the factory, said an official of Pakistan Railways.During 2013-14, the factory had rehabilitated and repaired 132 coaches while during 2014-15 it had rehabilitated around 93 coaches.To a question he said that government has taken various steps to improve the efficiency of Railway Carriage Factory, Islamabad.He said that un-interrupted arrangement of funds is ...

Pakistan - Industries & Sectors

Youtube ban officially lifted The ban on Youtube has officially, been lifted after the hiatus of three years. The website was blocked by the Pakistani government after blasphemous content was not removed from its platform.According to local media sources "Pakistan Telecommunication Authority (PTA) has told Supreme Court about the removal of objectionable material from the site," media reports stated. "Any objectionable material can be removed on the request of Pakistan government," reports added."You Tube will be revived in next ...

Pakistan - Industries & Sectors

48MW hydro-electric project of $80mn approved MUZAFFARABAD: A hydroelectric power project of 48 Mega Watts worth $80 million at Shunthar area of Neelum Valley has been approved and civil work on the project will start soon.The official sources talking to APP on Monday said, that a Korean Bank will sponsor the project which was recently approved by central development party and will produce 48 Mega Watt power with an annual income of Rs 1600 million, they added.All the work including a ...

Pakistan - Industries & Sectors

PR launches 'model railways stations' programme ISLAMABAD: A phase-wise programme of establishment of model railways stations has been launched to provide better travelling facilities to people.General Manager Pakistan Railways Javed Anwar said that under the programme, the building of Narowal Railway Station was being re-constructed in first phase,Radio Pakistan reported.Railway stations of Narowal, Nankana Sahib, Hassan Abdal, Okara and Karachi Cantt would be reconstructed under the programme.He said reconstruction of railways stations of Nankana Sahib, Hassan Abdal, Okara and Karachi Cantt ...