Sindh, KPK overlooked in development budget for 2016-17 on May 14, 2016ISLAMABAD: Federal government is hell bent upon favouring Punjab amid the reports that it has been proposed to allocate over Rs 0.1 trillion for two electricity projects of Punjab in the upcoming development budget for fiscal year 2016-17 and Rs 410 million for 4 different projects of Balochistan province while nothing has been earmarked for […]
Upcoming budget bodes well for babus, government employees on May 13, 2016ISLAMABAD: Federal Government has decided to give good news for government employees by raising their salaries and pensions from 10 percent to 20 percent. The budget for the financial year 2016-17 with total outlay of Rs 4.4 trillion will be presented by finance minister Ishaq Dar on June 3. Finance ministry sources told Daily Times […]
Nexus of intl tobacco companies : Local tobacco industry on verge of extinction on May 5, 2016ISLAMABAD: International Tobacco Companies have forged vicious nexus to annihilate the local tobacco industry in Pakistan. Planning is underway to cause immense harm to the local tobacco growers on the basis of false and concocted reports like Nelson report which is extremely biased and contrary to the facts. On one hand national economy is being […]
TRC urges government to strengthen Tax audit function of FBR on April 30, 2016ISLAMABAD: The Tax Reform commission (TRC) has emphasized upon the government to strengthen the Tax Audit Function of the Federal Board of Revenue (FBR). Tax audit is the core function of revenue authority and should receive the maximum focus and attention. “There should be proper documentation of the audit process and the same should be […]
Audit of govt departments : FBR seeks 15 years permission on April 27, 2016ISLAMABAD: The Federal Board of Revenue has expressed apprehensions over tax payments by the government functionaries and has written a letter to Finance Ministry to seek permission to verify the record of last 15 years in this connection. Those government institutions on which the FBR raised questions including PIA, CDA, Pakistan Railways, OGDCL, OGRA, Pakistan […]
High prices keep foreign investors away from textile products on April 8, 2016ISLAMABAD: Foreign investors did not take interest in the TEXPO 2016 because they felt that prices of the textile products put on display there were high. The Trade Development Authority of Pakistan (TDAP) has arranged an exhibition in Karachi to promote the textile industry and explore new markets for Pakistani products. Several foreign trade delegations […]