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FBR ATTACHES MOBILINK ACCOUNTS

Islamabad:Pakistan Mobile Communication Ltd (Mobilink) owed Rs. 8.6 billion to the exchequer on account of mis-declaration of Sales Tax and FED. The Income Tax Appellate Tribunal recently upheld the decision of LTU, Islamabad and confirmed the payable tax amount of 8.6 billion rupees. On receiving the decision of the Tribunal, ... Read More »

FBR gives extension in warehousing period

Islamabad:The Federal Board of Revenue has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses. This measure has been taken to facilitate the trade and industry and commercial importers who have not ... Read More »

NAB, KSE move against dishonest brokers termed eyewash

Islamabad:The Pakistan Economy Watch on Tuesday expressed scepticism about deal between National Accountability Bureau and Karachi Stock Exchange to bring rogue brokers to book. This is a showy misrepresentation intended to conceal unpleasant reality and gain popularity, it said. The stock market crashes from 2000 to 2008 were engineered in ... Read More »

Iraq Can Help To Resolve Pakistan’s Energy Crisis

Islamabad: Ambassador of Republic of Iraq to Pakistan Dr. Rushdi Al-Ani on Monday said local business community needs to benefit for investment boom in Iraq. Inviting Pakistani industry to participate in the re-building of Iraq by making investments and entering into business ventures, he said that situation in Iraq is ... Read More »

Multiple Sales Tax Rates be Reduced to Single Digit to Curb Parallel Economy

Islamabad:Former President FPCCI Tariq Sayeed has said that GDP growth should be increased at least 5% relief and facilitation should be provided to the common man through the taxation system,he said while apprising Dr. Abdul Hafeez Shaikh, Federal Minister for Finance about the aims and objectives of FPCCI’s Proposals for ... Read More »

IMF doubts Pakistan’s capacity to repay loans, introduce reforms

Lahore:The Pakistan Economy Watch (PEW) on Sunday said it would be difficult for Pakistan to secure another bailout package from the IMF to avoid looming crisis of external payments. Pakistan has good relations with the US in 2008 when it got 7.6 billion dollar loan after two weeks of negotiations ... Read More »

Pakistan’s poor power generation is rising political instability?

Lahore:Electricity in Pakistan is generated, transmitted, distributed and retail supplied by two vertically integrated public sector utilities: Water and Power Development Authority (WAPDA) for all of Pakistan (except Karachi), and the Karachi Electric Supply Corporation (KESC) for the City of Karachi and its surrounding areas. There are around 20 independent ... Read More »

SAARC Chambers demand balanced budget

Islamabad: Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Saturday said government should introduce a budget that can trigger economic activity in the country. There is a break in growth since few years while the economy continues to nosedive with which is a matter of great ... Read More »

Pakistan, India asked to accelerate trade liberalisation

Islamabad:The Attock Chamber of Commerce and Industry on Saturday asked Pakistan and India to speed up trade liberalisation efforts. Pakistan and India are the two most populous and largest economies in South Asia while trade volume remains unsatisfactory, it said. Liberalised trade will help both countries save billions in the ... Read More »

Enhanced trade only strong incentive against Pak, India tensions

Islamabad:The Attock Chamber of Commerce and Industry on Friday said enhanced trade is emerging as a strong incentive against war between Pakistan and India. The two countries have missed many opportunities in last 65 years before a formal trade deal which can reduce tensions and cut defence budgets to benefit ... Read More »

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