Lahore: The United Business Group (UBG) of FPCCI on Monday asked the government to reduce tax rate in the upcoming budget to boost its income and restore the confidence of the business community. It called upon the government to waive all taxes on establishment of new industries which will help ... Read More »
Category Archives: Business
Feed SubscriptionPEW criticises government for preferring symbolic schemes
Lahore: The Pakistan Economy Watch on Sunday criticised government for preferring symbolic schemes over projects to contain energy scarcity terming it against the national interests. Gas Infrastructure Development Cess (GIDC) was imposed to finance gas import projects despite resistance by consumers but it was misused to finance Metro and Orange ... Read More »
Media trial over Panama papers criticised: Mian Shahid
Lahore: Chairman of the United International Group Mian Shahid on Sunday said media trial of national leaders in presence of accountability mechanism and a judicial commission is unfortunate. Unnecessary political struggle over the issue of Panama Leaks is damaging the economy and eroding the confidence of investors which country cannot ... Read More »
Shahid Rasheed Butt lauds government efforts to overcome energy crisis
Lahore: Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Sunday called for renewed efforts to generate electricity which is tied to economic revival and poverty reduction. Government is seriously pursuing agenda to overcome energy crisis but the pace of work on critical power generation projects should be increased, ... Read More »
Byco Petroleum Pakistan Limited announced financial results
Lahore: Byco Petroleum Pakistan Limited announced financial results for nine months ending 31st March 2016 of its financial year 2015-16. The Company posted Net Sales of Rs. 54 Billion that resulted in an Operating Profit of Rs. 2.13 Billion. Byco Petroleum Pakistan Limited managed to recover with the return of ... Read More »
Prices of pulses increased at Utility Stores throughout the country
Lahore: Prime Minister Muhammad Nawaz Sharif took notice of increase in prices of pulses and showed displeasure over it. According to a PM House statement, the Prime Minister ordered to immediately withdraw the notification of the enhancement of the prices.He said that prices of the essential commodities at Utility Stores should ... Read More »
ICMA Pakistan launched its budget proposals 2016-17
Lahore: The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) launched its budget proposals 2016-17 booklet at a Pre-Budget Conference held on 29th April 2016 at Faisalabad in collaboration with the Faisalabad Chamber of Commerce and Industry (FCCI). Chaudhry Abid Sher Ali, Minister of State for Water and ... Read More »
Wheat procurement by Government starts in Mandi Bahauddin
Mandi Bahauddin(Sher Gondal) : Wheat procurement by Government has started in Mandi district. Food Controller has set up wheat procurement centers at Mandi Bhauddin, Jano Chak, Bherowal, Qadirabad, Gojra and Malkwal where distribution of gunny bags would be made to farmers. DCO Muzaffar Sial accompanied by ACs visited the procurement ... Read More »
Shahbaz Sharif reviews the implementation of Agri Package 2016
Lahore: Punjab Chief Minister Muhammad Shahbaz Sharif has said that Punjab government has given a historic package of Rs.100 billion for progress of agri sector and prosperity of the cultivators. He said that implementation of this package will leave a positive impact on uplift of cultivators and promotion of agriculture ... Read More »
Punjab Chief Minister formally inaugurate wheat harvesting campaign
Lahore: Punjab Chief Minister Muhammad Shahbaz Sharif today formally inaugurated Wheat Harvesting Campaign-2016 at Kazim Agri Farm in Sheikh Wahan Khairpur Tamewali, Bahawalpur. He personally operated the thrasher to inaugurate the campaign. Later, addressing a big gathering of farmers, the Chief Minister said that with the grace of Almighty Allah ... Read More »