08292016Mon
Last update: Mon, 29 Aug 2016 05am

Industries & Sectors

Pakistan - Industries & Sectors

Payment of sales tax refund will boost exports; Gulzar Firoz KARACHI: Chairman, Pakistan Tanners Association (Central) Gulzar Firoz has congratulated Prime Minister Muhammad Nawaz Sharif, Finance Minister, Senator Muhammad Ishaq Dar, Chief Executive TDAP, S.M. Munir, President FPCCI, Abdul Rauf Alam and Chairman, FBR Standing Committee, FPCCI Zubair Tufail and other office bearers of FPCCI on payment of Sales Tax refund cheques to the exporters.In a statement on Thursday, Gulzar Firoz said that Prime Minister and Finance Minister kept their promise by payment of sales tax refund. This will boost country exports, he added.He said that peaceful environment should be created and Government policies should be consistent in refunds and rebates so that businessmen can plan their investments. This will give a good impression to foreign buyers.The business community of Pakistan has full confidence in the leadership of Prime Minister and also appreciate the efforts of Finance Minister in bringing about improvement in Pakistan economy.Gulzar Firoz hoped that the sales ...

Pakistan - Industries & Sectors

Railways needs 600 locomotives to meet anticipated traffic ISLAMABAD: Pakistan Railways has needed 600 good condition locomotives to meet anticipated freight and passenger traffic."Now Pakistan Railways has a fleet of 440 locomotives out of which only 275 are functional," an official in the Ministry of Railways told APP.He said that Pakistan Railways currently has only 275 locomotives in a running condition, while it needs another 375 engines during the next five years.As many as 260 railway locomotives have completed their economic life, while ...

Pakistan - Industries & Sectors

OGRA issues 20 licences for setting up LPG Auto-Refueling stations ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has issued 20 licences for setting up LPG Auto-Refueling stations in different parts of the country during last fiscal year."The authority also granted 12 permits for operational marketing of storage and filling plants, 37 for construction of LPG storage and filling plants, one for storage and refueling of LPG and one for production and storage of LPG facility," official sources in the Ministry of Petroleum and Natural Resources ...

Pakistan - Industries & Sectors

PTA to take action against users of frequency spectrum without valid licence ISLAMABAD: Pakistan Telecommunication Authority (PTA) will take action against users of frequency spectrum without a valid license.PTA and Frequency Allocation Board (FAB) have been monitoring frequency spectrum and taking enforcement action against illegal/unauthorized user of frequency spectrum on regular basis, said a press release.Use of frequency spectrum without obtaining license from PTA is an offense under Section 31 of Pakistan Telecommunication (Re-Organization) Act 1996. Illegal use of frequency spectrum may lead to imprisonment up to ...

Pakistan - Industries & Sectors

NEPRA approves Rs2.49 cut in power tariff ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Wednesday approved a cut of Rs 2.49 per unit in the power tariff under the fuel adjustment mechanism.The cost has been brought down under the head of Fuel Adjustment Charges for the month of July.According to a notification, the revised rates will not be applicable on the consumers of K-Electric and those consuming less than 300 units of electricity.Copyright APP (Associated Press of Pakistan), 2016 ...

Pakistan - Industries & Sectors

Uber to launch service in Karachi on Aug 25 ISLAMABAD: Popular car ride-hailing service Uber Technologies Inc will launch its uberGo service in Karachi on August 25, making the metropolis the second Pakistani city it has expanded operations to this year.The low-cost uberGo service will initially serve Clifton, Saddar Town, Jamshed Town, Gulshan-i-Iqbal Town, Liaquatabad, North Nazimabad, Gulberg Town, Malir Town and Korangi, private news channel reported.Trips in Karachi will be free the first weekend in celebration of the expansion.Typical uberGO vehicles include the ...

Pakistan - Industries & Sectors

Local steel sector assures to comply Pak-EPA environmental standards ISLAMABAD: The local steel sector industrialists on Tuesday called upon the Pakistan Environmental Protection Agency (Pak-EPA) for restoration of closed steel industrial units and assured to cooperate for controlling pollution.In a meeting at Islamabad Chamber of Commerce and Industry (ICCI) here, they opined that closure of some steel units has rendered hundreds of workers jobless.Addressing the meeting, Atif Ikram Sheikh, President, ICCI said that industrialists were ready to cooperate with the Pak-EPA for controlling pollution ...