ISLAMABAD: Chinese Ambassador in Pakistan Sun Weidong on Thursday quashed the rumours of discontent on part of the Chinese government about the multi-billion dollar China-Pakistan Economic Corridor (CPEC), saying that China was “satisfied with the smooth implementation on the corridor”. “China is satisfied with the pace of implementation of the CPEC project. The corridor is […]
CPEC not to be placed under monitoring of Army
ISLAMABAD: The high ups of the ministry of planning and development have said that the monitoring of the China-Pakistan Economic Corridor (CPEC) project will not be assigned to the Army or any other authority adding that its complete monitoring will rest with this ministry. The National Assembly (NA) standing committee on planning, development and reforms […]
Allocation of surplus funds for Capt (r) Safdars constituency resented
ISLAMABAD: The Senate Standing Committee on Planning, Development and Reforms has been told that development funds amounting to Rs 1.15 billion have been allocated in the PSDP of the current fiscal year for uplift works in the constituency of Capt (Retd) Safdar, son in law of Prime Minister (PM) Nawaz Sharif. The committee expressed resentment […]
Ahsan Iqbal warns elements fomenting chaos
ISLAMABAD: The Minister for Development and Planning Ahsan Iqbal has said those fomenting chaos in the country will have to be given a shut up call. He said this while addressing the 24th meeting of the Pakistan Engineering Council (PEC) here on Thursday. He held that former president Gen (Retd) Pervez Musharraf had tried to […]
SAINDAK, SEL declared tax defaulters
ISLAMABAD: The Federal Board of Revenue (FBR) has declared SAINDAK and Sindh Engineering Limited (SEL) defaulters in the payment of income tax. Sources said the FBR had sent several notices to SAINDAK and SEL for the payment of taxes but both the institutions had failed to make any payment on this count. The decision has […]
Senate body displeased over releasing of Rs 420m by Finance Ministry
ISLAMABAD: The Senate Standing Committee on Finance has expressed displeasure over the release of Rs 420 million funds illegally for the payment of salaries to the former four members of the Election Commission (EC). The committee has recommended that the responsibility be fixed for releasing Rs 420 million funds illegally and demanded a report in […]
Outdated equipment, radars held by ministry of climate change
ISLAMABAD: The technical equipment and radars held by the ministry of climate change for weather forecast have gone outdated. According to meteorological authorities’ radar working in Sialkot for weather forecast was installed in 1978 while the life span of every radar was 10 years. In Pakistan all the radars had become 20 years old and […]
Govt throwing dust in the eyes of people: traders
ISLAMABAD: The announcement made by Finance Minister Ishaq Dar regarding the amendment in Income Tax Ordinance (ITO) in terms of direct withdrawal of amount from the bank accounts of companies by Federal Board of Revenue (FBR) was tantamount to throw dust in the eyes of people, traders said on Thursday. They said this amendment would […]
39% Pakistanis living below poverty line: report
ISLAMABAD: Around 39 percent of Pakistanis are still living below poverty line, said a first-ever official report on multidimensional poverty launched on Monday. However, it said that the poverty rate fell from 55 percent to 39 percent from 2004 to 2015 with poverty in urban areas remained 9.3 percent as compared to 54.6 percent in […]
WTO receives 760 complaints against FBR for double income tax
ISLAMABAD: As many as 760 complaints regarding double taxation regarding income tax have been lodged against Federal Board of Revenue (FBR) with Wafaqi Tax Ombudsman (WTO). During current year 2016, 425 complaints have been filed against FBR with reference to tax, 235 sales tax, 108 customs and 2 complaints with regard to federal excise duty. […]