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FBR extends date for filing of Sales Tax/Federal Excise Return

Islamabad:Federal Board of Revenue is pleased to extend the date for filing of Sales Tax/Federal Excise Return and payment of Taxes/Duty thereon up to 25th June, 2012, for the tax period May, 2012, for all registered persons. The decision has been taken by the FBR in exercise of the powers ... Read More »

FBR Waives off Penal Surcharge on Overstayed Goods

Islamabad:In a bid to provide relief to the business community, FBR has decided here today to further extend warehousing period and waive off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses up to 30th June, 2012. This measure will facilitate the trade and industry and ... Read More »

Export Processing Zone to be set-up in Islamabad

Islamabad Chamber of Commerce and Industry hosted a luncheon reception here in honour of newly-appointed Vice-Chairman by the Federal Government of the Export Processing Zones Authority . Speaking at the largely attended reception, Zahid Iqbal said tenure as the Punjab Chief Minister of Senior Federal Minister Ch Parvez Elahi was ... Read More »

Longest flyover of South Asia would be completed this year

Lahore:Punjab Chief Minister, Muhammad Shahbaz Sharif has said that traders’ community is the backbone of Pakistan’s economy and has always played an important role in the country’s progress and development. He said that traders have donated generously in the time of need including flood, earthquake or any other natural disaster. ... Read More »

Foreign exchange could boost up throughe production of animals:Ahmad Ali

Lahore:Provincial Minister for Agriculture and Livestock Malik Ahmad Ali has said that Pakistan is among those countries which are sufficient in the production of milk and meat. He said we can increase our foreign exchange through boosting up the production of animals which would strengthen our economy. He was addressing ... Read More »

Water shortage for Khareef Crops causing problems:Ahmad Ali

Lahore:Provincial Minister for Irrigation, Malik Ahmed Ali has said that achieving the target of cultivation of Kharif Crops especially cotton and rice is becoming difficult due to shortage of water in rivers. The officials of irrigation and agriculture departments have been directed to further improve water management and guidance to ... Read More »

CM Punjab meets foreign investors

Lahore: President China Investment Corporation, Dr. Fan Kung Shang met Punjab Chief Minister Muhammad Shahbaz Sharif, here today. Matters regarding investment in energy, mining and infrastructure sectors were discussed on the occasion. Head of Asia Pacific Global Market (CIC) Clients Sufyan Zubairi, Managing Director Bank of America Merrill Lynch Ms. ... Read More »

China asked to invest in Pakistan power projects

The business leaders of South Asia at a seminar demanded greater inflow of Chinese investment in the region. They also demanded creation of development fund to inject finances in mutually interested sectors that will have a positive impact on economic cooperation between the two biggest civilizations. This idea was presented ... Read More »

Norwegian investors interested in hydel power: Ambassador

Islamabad: Norwegian Ambassador to Pakistan Cecilie Landsverk on Friday said investors from his country are interested in hydel power and gas sectors. Pakistan has great potential to generate electricity by using the natural force of water that must be exploited to full extent, she said. The Ambassador said that Pakistan ... Read More »

Budget leaves country more vulnerable

Islamabad:Speakers at a post budget seminar said that budget has been designed by the elite for people representing superior social and economic status. Budget will not only widen gap between the rich and poor but also increase divide between masses and the government, they said at the seminar held at ... Read More »

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