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FBR extends the date of payment of taxes and duty

Islamabad: Federal Board of Revenue has extended the date of payment of taxes/duty and filing of Sales Tax/Federal Excise returns to 30th August, 2012 for the tax period July 2012 for all registered persons vide its C. No. 3(9) ST-L&P/2010dated 27.8.2012. The decision has been taken by the FBR in ... Read More »

FBR offices to remain open on Sunday

Lahore: FBR has ordered that all the Model Customs Collectorates shall remain open on Saturday 25th and Sunday 26th August, 2012 as normal working days in order to facilitate the trade and industry in getting their cargo cleared for imports and exports. The management of State Bank of Pakistan and ... Read More »

Government imposes Eidee on the third day of Eid

Lahore: Government on the third day of Eid increased the prices of petroleum products. According Oil and Gas Regulatory Authority (OGRA) notification, the price of petrol has been increased by Rs 3.21 per litre, High Speed Diesel (HSD) Rs 4.40 per litre, Light Diesel Oil (LDO) by Rs 3.19 per ... Read More »

Govt asked to improve food security situation

Lahore: The Attock Chamber of Commerce and Industry (ACCI) on Wednesday asked government to improve its deteriorating ranking in food security index as almost half of the country’s population remains food insecure. Every person has a right to physical and economic access to sufficient, safe, and nutritious food on consistent ... Read More »

Biofuels ban can save world from looming food crisis?

Islamabad: The Pakistan Economy Watch (PEW) on Friday said an immediate ban on biofuel production can save the world from looming food crisis which can result in massive malnutrition, starvation, and riots. The worst drought in 50 years in the US and lack of rains in India and some other ... Read More »

New industrial estate will be established in Punjab

Lahore: Punjab Government, with a view to generate opportunities of employment, has decided to establish new industrial estates in the province with the help of Punjab Industrial Estates Development and Management Company (PIEDMC). Chinyot, Wazirabad, Daska, Mianwali and some other areas are under consideration to be developed as industrial estates. ... Read More »

Filing date of tax payment extended

Lahore: Punjab Revenue Authority has extended the due dates of tax payment and filing of returns for the tax period July, 2012 under the Punjab Sales Tax on Services Act, 2012 and rules made thereunder. The new dates are 25th August and 28th August for tax payment and filing of ... Read More »

Korea-Pakistan Friendship Association delegation visits PBIT

Lahore: A four-member delegation of today. The delegation was led by Korean Ex-Ambassador to Pakistan Mr Shin-Un who met with Chief Executive Officer PBIT, Habib Ur Rehman Gilani and other senior officials. Mr. Shin-Un said that Korea was interested in exporting products to Pakistan and looking to tap into the ... Read More »

SBP cuts interest rates by 1.5%

Karachi: State Bank of Pakistan has slashed the interest rates by 1.5 percent bringing it down to 10.5%. Governor State Bank of Pakistan Yasin Anwar addressing a news conference in Karachi Friday said that national economy was still facing difficulties and energy crisis was the major reason of the economic ... Read More »

Pakistan needs special laws to intercept terrorism

Islamabad:The business community of the Capital city on Friday said country needs special laws to deal with terrorism and insurgency so that Pakistan can become a peaceful place to live. Masses and business community deserve a terror free society where everyone can pursue his goals and play role in the ... Read More »

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