Attock Refinery starts supply of Euro-II compliant HSD on July 4, 2016KARACHI: In compliance with the government’s policy framework, the Attock Refinery Limited (ARL) has started supply of Euro-II compliant High Speed Diesel (HSD) to oil marketing companies. The ARL on Monday informed its shareholders, through stock filing, that ARL upgradation project and operation of Diesel Hydro Desulphurisation (DHDS) Unit has commenced to produce HSD meeting […]
NADRA compromises citizens privacy through SMS on June 30, 2016KARACHI: The National Database and Registration Authority (NADRA) has compromised the privacy of millions of citizens just to track down some ‘aliens’. The authority while taking a swift action against the use of Pakistani CNICs by fewer aliens in an astonishing move has compromised millions of citizens’ privacy through its SMS service 8008. Instead of […]
KE wants no change in tariff until 2026 on June 25, 2016KARACHI: The Karachi Electric (KE) has submitted a multiyear tariff petition with the National Electric Power Regulatory Authority (NEPRA) requesting to extend the applicability period of existing tariff until June 30, 2026 along with some modifications and adjustments. The KE has sought an increase of Rs 0.66/kWh in operation and maintenance (O&M) component of the […]
FBR given anti-money laundering investigation powers on June 18, 2016KARACHI: The government has given anti-money laundering investigation powers to the Federal Board of Revenue (FBR) Directorate General of Intelligence and Investigation-Inland Revenue (I&I-IR), it is learnt. In this regard, the federal government has issued a notification to be published in the Gazzete of Pakistan. According to the notification, “In exercise of powers conferred by […]
Certain officers found to be blackmailing tax evaders on June 15, 2016KARACHI: Activities at the Federal Board of Revenue (FBR)’s wing Directorate General of Intelligence and Investigation, Inland Revenue Karachi appear to be suspicious as legitimate authority is being violated continuously by some officers, Daily Times has learnt. ‘The suspected officers seem reluctant to follow legitimate authority and they are continuously bypassing powers of their immediate […]
NEPRA revises upfront tariff for solar, wind power projects on June 14, 2016KARACHI: The National Electric Power Regulatory Authority (NEPRA) has decided to initiate suo moto proceedings to determine a new tariff for generation of electricity from solar photovoltaic (PV) power projects and generation of electricity from wind power projects. In this regard, the authority has notified holding of suo moto proceedings publicly for development of new […]
Cosmetics, transplantation surgeries to become expensive in Sindh on June 11, 2016KARACHI: Sindh government in its annual budget for 2016-17 has recommended to levying 13 percent sales tax on any body part augmentation or reduction via plastic surgery while proposed cut in sales tax rate from 14 percent to 13 percent for the year 2016-17. Sindh Finance Minister Syed Murad Ali Shah has proposed to levy […]
Textile exporters demand issuance of zero-rating SRO on June 10, 2016KARACHI: Despite an announcement, the failure to issue a notification that a zero-rated tax regime had been reinstated for the five major export oriented sectors, including textile, by the federal government got exporters into trouble, Daily Times has learnt. Textile exporters were caught by surprise to find out that the notification had still not been […]
Tax exemptions granted to farmers on June 10, 2016KARACHI: The Federal Board of Revenue (FBR) on Thursday has communicated to all the chief commissioners of regional tax offices and large taxpayers units that special exemption has been allowed to growers of agricultural produce. ‘I am directed to state that different representatives of flour mills and trade bodies have raised the issue of income […]
Telenor to consider launch digital health initiative in Pakistan on June 8, 2016KARACHI: Telenor will consider launching its digital health service ‘Tonic’ in Pakistan if it succeeds in Bangladesh, Daily Times has learnt. Recently, Telenor unveiled its first move to improve healthcare in emerging markets, with the introduction of its digital health service Tonic in Bangladesh. Sajid Rahman, Chief Executive Officer (CEO) Telenor Health, responding to a […]