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APCNGA summons all office bearers to finalise strategy over new loadshedding schedule

Lahore: The All Pakistan CNG Association (APCNGA) on Saturday asked the Petroleum Minister Shahid Khaqan Abbasi to ensure daily supply of natural gas to the CNG sector and resolve all outstanding issues as masses have run out of patience by waiting for hours to get fuel. Transporters and CNG operators ... Read More »

ANF pushing country towards another crisis: Zubair Ahmed Malik

Lahore: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)   said Ministry of Narcotics Control (MoNC) has been harassing business community, chocking growth, reducing government’s revenue, triggering uncertainty, stoking inflation and contributing to massive unemployment. MoNC has placed a ban on manufacturing, sale, purchase and use of certain ... Read More »

IMF conditions a death-blow for fragile economy:PEW

Lahore:  The Pakistan Economy Watch (PEW) on Sunday said that tough conditions of International Monetary Fund (IMF) will deal a death blow for the beleaguered economy of Pakistan. International lenders are not concerned about the development of Pakistan which is addicted to foreign loans since Ayub Khan’s era without any ... Read More »

China expressed interest in increasing bilateral economic ties

Lahore: China on Monday expressed renewed interest in increasing bilateral economic ties and vowed to resolve Pakistan’s energy crisis by investing the ailing sector. The pledge was made in a meeting between officials of Policy Research Office, Kunmíng, the capital and largest city of Yunnan province in Southwest China and President FPCCI ... Read More »

Orient Textile Mills owner arrested for one billion theft

Lahore: On the directions of the government, Punjab police arrested Malik Anwar, owner of Orient Textile Mills from the premises of Lahore High Court after cancellation of bail. According to details, Muhammad Arshad Hameed Distribution Officer was informed on July 9, 2013 in Faisalabad that gas theft was being committed ... Read More »

FBR withdraws new tax on CNG sector

Lahore:  The Federal Board of Revenue (FBR) has taken back the recent hike of taxes on the CNG on the persuasion of the owners of the CNG stations. FBR had recently increased ratio of taxes on CNG from 26 per cent to 32 per cent while the gas companies have included the increased tax ... Read More »

Gas companies are misguiding district administrations:APCNGA

Lahore: The All Pakistan CNG Association (APCNGA) has expressed serious reservations over role of gas distribution companies in the on-going campaign against electricity and gas theft. Gas utility companies have been victimising innocent to hide their own inefficiencies, corruption and UFG losses, it said. The gas companies have been misguiding ... Read More »

No poverty reduction sans ample energy:PEW

Lahore: The Pakistan Economy Watch (PEW) on Sunday asked the government to promote new investments in the energy sector by introducing better regulations as poverty cannot be reduced in presence of energy scarcity. Access to energy is imperative to transform lives which is not getting proper attention on the national ... Read More »

Speedy import of Indian wheat to stabilize local market:IWCCI

Lahore:  The Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Sunday said federal government should immediately accept proposals of Punjab government to avert a severe food crisis in the country which is in the making. Country is heading towards food insecurity due to reduced wheat output, difficulties in import ... Read More »

Sales Tax Act Section 8 (1) (CA) 1990 is unconstitutional: Lahore High Court

Lahore: Mr. Justice Syed Mansoor Ali Shah of the Lahore High Court has struck down section 8(1)(ca) of the Sales Tax Act, 1990 declaring it unconstitutional and consequently set aside the notice issued to D.G.Khan Cement Company Limited by Assistant Commissioner and order of Deputy Commissioner Inland Revenue Lahore for ... Read More »

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