Businessmen ask FBR to stop harassing filers on March 24, 2019Friends of Economic and Business Reforms (FEBR) President Kashif Anwar, who is also former vice president of Lahore Chamber of Commerce and Industry, while addressing the executive committee of the FEBR, observed that the FBR staff has again started misuse of Section 38-B and 40-B of Sales Tax Act, 1990 against the business community. He further added that FBR should stop harassing filers, as … [Read more...] about Businessmen ask FBR to stop harassing filers
Cement exports grow by 52% in eight months on March 24, 2019The cement exports during first eight months of the current fiscal year from Jul 2018 to Feb 2019 period registered a growth of 52.30 percent to 4.65 million tons from 3.05m tons exported in the corresponding period of last year. According to the data released by the All Pakistan Cement Manufacturers Association, the overall cement exports from the country increased by a healthy 69.07 percent … [Read more...] about Cement exports grow by 52% in eight months
Bahria town wants end to all inquiries in return for Rs 485bn on March 13, 2019The Bahria Town has sought a complete legal immunity for its directors and management in return for its new offer of Rs 485 billion. The new proposal was submitted in the Supreme Court of Pakistan on Tuesday. "After finalisation of the proposal all criminal and civil liabilities against its "directors (past and present), shareholders, management of BTPL and/or its associated entities shall … [Read more...] about Bahria town wants end to all inquiries in return for Rs 485bn
PM lauded for action against greedy gas companies on March 10, 2019The Pakistan Economy Watch (PEW) on Saturday lauded the Prime Minister Imran Khan for taking notice of gas companies which are busy looting masses for maximising their profits. The gas companies are discouraging private sector trying to import LNG to ensure their domination and continue to earn handsome profits. Despite years of hard work, not a single private company has been allowed to … [Read more...] about PM lauded for action against greedy gas companies
ICCI calls for focusing on tourism to improve economy on March 10, 2019Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry has called upon the government to focus on tourism that has great untapped potential to generate business activities, enhance revenue and improve the overall economy. He said this while addressing a meeting of ICCI Tourism Committee. Ahmed Hassan Moughal said that tourism was one of the fast growing industries in the … [Read more...] about ICCI calls for focusing on tourism to improve economy
Meezan Bank issues Rs 200bn Energy Sukuk to resolve circular debt on March 2, 2019In order to resolve the Circular Debt faced by Pakistan’s economy, the Ministry of Energy, through Power Holding Private Limited, a company hundred percent owned by the Government of Pakistan, issued the first Pakistan Energy Sukuk of Rs 200 bn - Meezan Bank was appointed as the Shariah Advisor of the Sukuk and structured the transaction to ensure its Shariah Compliance with the approval of its … [Read more...] about Meezan Bank issues Rs 200bn Energy Sukuk to resolve circular debt
PPP senator irked by Musharraf’s pro-Israel stance on February 24, 2019Senator Sherry RehmanPakistan Peoples Party (PPP) Parliamentary Leader in Senate, Sherry Rehman, on Saturday, called the former president, Pervez Musharraf, out over his support of building ties with Israel. Since its inception, Pakistan has refused to recognise Israel as a state. Senator Sherry sighed that all of Pakistan was shell-shocked over Musharraf's pro-Israel statements in his press … [Read more...] about PPP senator irked by Musharraf’s pro-Israel stance
NAB arrests ex-PML N minister Kamran Michael on February 9, 2019In a major breakthrough, the NAB Karachi on Friday arrested former ports and shipping minister Kamran Michael in a corruption case. The PML-N leader has been charged with illegal acquisition of three commercial and residential plots at prime locations of KPT Cooperative Housing Society (Mai Kolachi area) Karachi. Accoding to a satement issued by the anti-graft body, the former minister is … [Read more...] about NAB arrests ex-PML N minister Kamran Michael
Nawaz shifted back to Kot Lakhpat Jail on February 8, 2019The incarcerated former premier, Nawaz Sharif, was Thursday shifted back to Kot Lakhpat Jail from Services Hospital. Foolproof security measures were taken to ensure safe shifting of the Pakistan Muslim League-Nawaz supremo. Earlier, Nawaz had refused to be shifted to Punjab Institute of Cardiology (PIC) and insisted on shifting him back to jail. According to reports, the decision to … [Read more...] about Nawaz shifted back to Kot Lakhpat Jail
NAB reviews progress in fake accounts case on February 8, 2019A high-level National Accountability Bureau (NAB) meeting on Thursday reviewed the preliminary report on fake accounts case, besides analyzing progress in various cases. Chaired by NAB Chairman Javed Iqbal, the meeting was held at NAB Headquarters, and attended by NAB prosecutor general, DG Operations, NAB DG Rawalpindi and other senior officers. It may be recalled that the NAB chairman had … [Read more...] about NAB reviews progress in fake accounts case
