Dastgir defies PMs austerity orders on August 7, 2016 ISLAMABAD: Commerce Minister Khurram Dastgir Khan has disobeyed the austerity instructions of Prime Minister Nawaz Sharif and directed his ministry to change the furniture and other precious items of his office. The scribe has learnt through a reliable source that Khurram Dastgir already enjoyed most number of foreign tours than anybody else in the […]
Pak, Iran talks on FTA fail to make further progress on August 7, 2016ISLAMABAD: Negotiations between Pakistan and Iran on Free Trade Agreement (FTA) have failed to make any further progress as Iran hasn’t given the draft of Free Trade Framework agreement to Pakistan. The reliable sources stated that officials of both the counties had earlier signed on the five year strategic trade cooperation plan during the Iranian […]
New law to bring real estate tax evaders into the net on August 5, 2016ISLAMABAD: To bring the tax evading real estate sector firmly under the tax net the federal government has decided to introduce a new law that makes it binding for all housing societies, developers and builders associations to register their companies with the Security Exchange commission of Pakistan (SECP) for commercial operations. Daily Times has learnt […]
Pakistan received $ 3439.1m from US under CSF in three years on August 2, 2016 ISLAMABAD: The United States has given Pakistan $ 3439.1 million under the Coalition Support Fund (CSF) in the last three years, the Ministry of Finance informed the National Assembly during Question Hour on Monday. “In 2013-14 Pakistan received $ 1,050 million, in 2014-15 $ 1,452 million and in 2015-16 $ 97.37 million under the […]
Dar advises PTI to focus on flood-hit Chitral instead of anti-govt rally on July 31, 2016ISLAMABAD: Federal Finance Minister Ishaq Dar said on Sunday the Pakistan Tehreek-e-Insaf (PTI) should concentrate on rehabilitation of Chitral instead of mobilising people to march on Islamabad on August 7. Dozens of people have died in rain-related incidents; therefore, the Khyber Pakhtunkhwa government should take care of them instead of playing politics against the federal […]
TDAP a massive drain on public resources on July 27, 2016 ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) has become a white elephant with a massive drain on public resources on innumerable foreign exhibitions in popular tourist destinations, but the resultant exports are taking a nosedive. According to official sources, despite organising almost 400 international trade exhibitions in different parts of the world in […]
Govt warned against signing another FTA with China on July 23, 2016ISLAMABAD: The Ministry of Commerce has convened a business conclave to ascertain their concerns, insight, and ambition on the proposed second-generation free trade agreement (FTA) with China on August 4 in Karachi. An official of the Commerce Ministry said the business conclave is arranged to address the serious concerns of the manufacturers and industrials that […]
Govt lets agents determine market price of real estate on July 22, 2016ISLAMABAD: The government has apparently conceded before the real estate agents, as it is no longer demanding evaluation of lands’ market price in 21 cities by the State Bank of Pakistan or any third party; rather it has asked a 17-member committee of real estate agents and other stakeholders to evaluate the fair market price […]
Talks between FBR and real estate agents remain inconclusive on July 20, 2016ISLAMABAD: The Federal Board of Revenue (FBR) and the real estate agents talks remained inconclusive for the second time on Wednesday when the real estate agents opposed the government’s plan to determine the prices of land from the Estate Bank of Pakistan or any other third party. While a senior official of the FBR talking […]
Commerce Ministry seeks additional Rs 6bn to increase countrys exports on July 20, 2016ISLAMABAD: Despite a decline in the country’s exports in the third consecutive year amounting up to 4.7 billion dollars, the commerce ministry has sought an additional Rs 6 billion from the ministry of finance to increase the exports of the country. The government has failed, for the third year to increase the country’s exports as […]