05062016Fri
Last update: Fri, 06 May 2016 12am

Industries & Sectors

Pakistan - Industries & Sectors

Illicit cigarettes trade deprives exchequer of annual Rs. 24 bln revenues ISLAMABAD: The illicit trade of cigarettes, considered one of most serious challenges to national economy, deprives national exchequer of Rs. 24 billion revenues per annum.Around 19.5 billion illicit cigarettes were consumed in 2014, out of which 17.3 billion or 89 percent were local non-duty paid.In a Nielsen report entitled "The Challenge of illicit Trade in Cigarettes," it was revealed that in addition to billions of rupees revenue loss to government, local non-duty paid cigarettes undermine country's public health objectives by giving easy access to youth and encouraging them smoking by selling cigarette packs below the minimum tax payable on a pack.Nielsen's Representative Jawad Riaz and Chief Executive Officer (CEO) of CRS Communications, Aniq Zafar presented the report at a Media Interactive Workshop held here on Wednesday and answered vollies of questions raised.Jawad Riaz said in 2013, Pakistan ranked 4th highest in Asia on basis of share of illicit cigarette segment ...

Pakistan - Industries & Sectors

PEMRA CoC recommends Rs 500,000 fine on private channel ISLAMABAD: Pakistan Electronic Media Regulatory Authority (PEMRA) Council of Complaints, Karachi recommended imposing fine of Rs. 500,000 on M/s Galaxy Broadcast (Pvt.) Ltd. for irresponsible and unverified reporting.The recommendations were given in 31st meeting of the Council, held under the chairmanship of Prof. Inam Bari at PEMRA Regional Office, Karachi, said a press release issued here Wednesday.The recommendations were made after hearing the complaint of Asim Hussain, filed through his legal counsel Anwar Mansoor Khan, ...

Pakistan - Industries & Sectors

FBR making efforts to broaden tax base ISLAMABAD, May 4 (APP): Federal Board of Revenue (FBR) is making efforts to broaden the tax base and several initiatives have been taken in the recent past to increase the number of return filers which has for the first time crossed one million mark. "Our efforts for broadening tax base have already started paying dividends as reflected in an impressive 19 % growth rate recorded during the first three quarters of current fiscal year with ...

Pakistan - Industries & Sectors

WAPDA delivers record 2.314 hydel units to national grid ISLAMABAD: The Water and Power Development Authority (WAPDA) hydel power stations delivered as many as 2.314 billion units of low-cost hydel electricity to the National Grid in April.This is the highest-ever generation of hydel electricity generated during the month of April so far, said a press release issued here Wednesday.According to the statistics, hydel electricity delivered to the National Grid during April 2016, registered an increase of 912 million units if compared with 1.402 billion ...

Pakistan - Industries & Sectors

CASA-1000 project to supply 1000 MW electricity to Pakistan to be inaugurated next week: Envoy ISLAMABAD: The Central Asia-South Asia 1000 (CASA 1000) project to supply 1000 megawatts electricity through a 750 kilometer long transmission line from Tajikistan to Pakistan would formally be launched in Dushanbe next week. The project, signed between Tajikistan and Pakistan, would be completed at a cost of US$ 1.2 billion in two years.The power import project would help Pakistan get cheaper and clean energy to minimize its electricity shortages, Ambassador of Tajikistan to Pakistan, Sherali ...

Pakistan - Industries & Sectors

Committee directs FIA to accelerate investigation of EOBI scam accused ISLAMABAD: National Assembly Standing Committee on Overseas Pakistanis and Human Resource Development on Wednesday directed FIA to accelerate the pace of investigation on FIRs registered against the accused in Employees Old Age Benefit Institution (EOBI) scam.The committee meeting was held under the chairmanship of Mir Aamer Ali Khan Magsi, MNA.Standing Committee while discussing the EOBI scam directed the Employees Old Age Benefit Institution to actively pursue the court cases for early realization of the money ...

Pakistan - Industries & Sectors

NADRA notifies schedule for its MRVs visits SUKKUR: Incharge, Mobile Registration Vans (MRVs), NADRA regional office here on Wednesday announced the visit schedule of Mobile Registration Vans Sukkur. According to the announcement, the MRVs (NADRA's vehicles) will patrol different union councils of Sukkur division from May 6 to 13 to provide people facility of issuing CNICs at their doorsteps. NRC Sukkur City Taluka, UCs of Khairpur, Kingri and Thari Mirwah Talukas and NRC Gambat district Khairpur, NRC Mirpur Mathelo and UCs of ...