NTC moving at snails pace on December 5, 2016ISLAMABAD: The National Tariff Commission (NTC) is moving at a snail’s pace as newly appointed member Saira Khattak did not assume charge even after a lapse of two months. Daily Times learnt that NTC has been made operational in October 2016 after the prime minister gave approval to appoint Qasim Niaz as NTC chairman and […]
SECP issues 42,000 notices in just 10 days on November 24, 2016ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has reportedly issued 42,000 notices to different companies in just 10 days since the promulgation of the Companies Ordinance, 2016. Special Assistant to the Prime Minister on Revenue Haroon Akhtar, while addressing the participants of a seminar on the new ordinance, said that the SECP had […]
Pakistan needs more hard work to attract foreign investment: ADB on October 27, 2016ISLAMABAD: Asian Development Bank (ADB) President Takehiko Nakao has said that the Diamer-Bhasha Dam was a gigantic project, but its funding was yet to be decided. While speaking to journalists after an agreement signing ceremony on Wednesday, he said that the government of Pakistan was taking serious steps to prevent corruption and tax evasion. He […]
Strong accountability system must to avoid Panama-type scams on October 26, 2016ISLAMABAD: International Monetary Fund (IMF) Managing Director Christine Lagarde has said that a Panama or Bahamas leaks like situation could be controlled by improving the system of accountability and transparency. She was addressing the media in Islamabad on Tuesday with Finance Minister Ishaq Dar. She condemned the terrorist attack on Police Academy Quetta and expressed […]
TDAPs revamping Herculean task for government? on October 24, 2016ISLAMABAD: The revamping of Trade Development of Authority (TDAP) has become a distant dream as the Commerce Ministry has not been able to complete the spadework. Sources told Daily Times that the people who are at the helm at affairs do not want the overhauling of TADP because of their vested interests. The Commerce Ministry’s […]
Commerce Ministry lacking professional workforce on October 17, 2016ISLAMABAD: The country could never meet the trade target in the prevailing circumstances, as several key posts are still lying vacant in the Ministry of Commerce. Absence of professional officers hailing from the commerce and trade group is hindering the enhancing foreign trade. Daily Times has learnt that the Ministry of Commerce (MoC) has a […]
Govt, real estate agents agree on property valuation formula on July 31, 2016ISLAMABAD: The federal government and the real estate agents on Saturday agreed to enhance the average (district controller) DC valuation rate by up to 40 percent in 21 major cities, including Islamabad, Karachi and Lahore. A few housing societies’ or posh areas’ market rates will increase by 300 percent. Another round of negotiations between the […]
Separate committees established to evaluate market price on July 28, 2016ISLAMABAD: Federal Board of Revenue (FBR) and real estate sector established separate committees to evaluate the fair market value of property in big cities. The concluding session will be held on Friday (today) to finalise the DC Rate of above mentioned and other cities. Both parties sit together in the FBR for the fifth time […]
Pakistan, IMF to hold talks on $62m EFF tranche on 27th on July 19, 2016ISLAMABAD: Pakistan will hold weeklong talks with the International Monetary Fund (IMF) on the last tranche of $62 million under the Extended Fund Facility (EFF) debt agreement on July 27 in Dubai. Upon the success of this review, Pakistan will be able to get the last tranche of $62 million under the $6.4 billion loan […]
Rs 600 billion agriculture package comes into force on June 25, 2016ISLAMABAD: The Rs 600 billion agriculture package announced by the government for farmers in the current budget has come into force after the Acting President Raza Rabbani signed the budget document. The Rs 600 billion agriculture relief package and other incentives for the agriculture sector spelt out in the Finance Act 2016 start being implemented […]