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The Federal Board of Revenue's (FBR) intelligence agency has sought details of 37 major cases of electricity theft from the Federal Investigation Agency (FIA) to ascertain the amount of duties and taxes evaded by units through suppression of actual production and sales during production process.

The government on Tuesday decided to keep the electricity tariff unchanged at an average rate of Rs 11.52 per unit against a Rs 13.81 per unit as recommended by National Electric Power Regulatory Authority (Nepra). The Prime Minister's office also announced that "the government has decided not to burden the electricity consumers with new tariff for the year 2013-14 as determined by NEPRA and maintain it at the level of current tariff. The average national tariff for the year 2013-14 as determined by NEPRA is Rs 13.81/Unit while the current average national tariff is Rs 11.52/unit".
The government may use equalisation surcharge instead of fuel price adjustment (FPA) as long as oil prices are declining internationally, sources told Business Recorder on condition of anonymity. FPA allows the consumers to benefit in the event that oil prices fall internationally. The same would not apply to equalization surcharge, sources maintained.
Military Tuesday said it had killed 28 militants in air strikes in the restive tribal region near the Afghan border, a region where it has been battling Islamist groups for more than a decade. The strikes, that also killed a number of foreign fighters, took place on Tuesday in Dattakhel area of North Waziristan district, a stronghold of Taliban-linked groups, the military said in a statement.
At least one civilian was killed and two others were injured on Tuesday as mortar shells fired from across the border from Afghanistan hit a house in Charmang Tehsil of Bajaur Agency. Official sources confirmed that two mortar shells fired from across the border hit the house of a tribesman Sheene in Babra Charmang leaving one person dead and two others were injured.
India warned Pakistan on Tuesday of more "pain" if it continued "to violate a cease-fire on their disputed border in Kashmir" and said it was up to Islamabad to create the conditions for a resumption of peace talks. "Our conventional strength is far more than theirs. So if they persist with this, they'll feel the pain of this adventurism," Indian Defence Minister Arun Jaitley told NDTV in an interview.
Election Commission of Pakistan (ECP) has sent a charter of guidelines on fair elections to Electoral Reform Committee, seeking more power for implementation of its orders. ECP has sought power equal to that of a High Court. According to sources, ECP has demanded the right to summon any person countrywide to provide documents. It was stated in guidelines that decisions made by ECP should enjoy the force and importance equal to those of a High court. Meanwhile, Pakistan People's Party (PPP) has called their members to discuss electoral reforms in a meeting to be held today in Islamabad.
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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MonthlyAugust
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