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Construction industry responds massively to special incentives, FBR says
Islamabad:The Federal Board of Revenue (FBR) Thursday said response of builders, developers and taxpayers on the construction industry package announced by the government has been extremely encouraging . It added that 40 projects have…
Fertilizer manufacturers provide Rs 600 billion benefit to farmers
ISLAMABAD: The fertilizer sector has passed on a benefit of Rs 600 billion over the last decade to the farmer community in the form of reduced urea rates compared to international prices. Between 2010-19, local urea prices have remained…
FBR Initiates purgatory process to weed out corruption and Inefficiency
ISLAMABAD: Federal Board of Revenue (FBR) has decided to take action against its corrupt and inefficient officials. An official of handout of FBR said since July last 26 officers and 19 officials have been suspended whereas 3 employees…
FBR to address refund issue permanently
ISLAMABAD A meeting was held in the Federal Board of Revenue, Islamabad to take stock of the issuance of refunds under the Inland Revenue Courts such ad Income Tax, Sales Tax and Federal Excise. Adviser to the Prime Minister on Finance and…
IHC expresses dismay over waste of wheat flour of billions
ISLAMABAD: Islamabad High Court (IHC) chief justice, Athar Minallah, expressed disappointment over inaction of the government departments causing waste of wheat flour of billions of rupee every year. He observed during the hearing into the…
Cement sales rise by 38 percent in July
Naveed Ahmad Khan
ISLAMABAD: The new fiscal has started well for the cement sector as the cement sale increased by a healthy 37.75 percent from 3.512 million tons in July 2019 to 4.838 million tons in July 2020 due to buoyancy in both…
Federal cabinet approves appointment of Sima Komil as deputy governor SBP.
ISLAMABAD: The federal cabinet on Tuesday approved appointment of Sima Komil as Deputy Governor State Bank of Pakistan (SBP). Sima Komil was currently serving as Chief Executive Officer (CEO) United Bank Limited (UBL). She has vast…
PTA: Amazon web services are not being disrupted
ISLAMABAD: Pakistean Telecommunication Authority (PTA) has announced officiaaly the impression being created on social media that Amazon web disruptin was due to PUBG ban was wrong.The ban on PUBG is in place since July 10, 2020 whereas AWS…
fudged data main cause of sugar crisis, price hike
ISLAMABAD; Physical verification of sugar mills stocks, has given a new twist to the on-going sugar crisis of the commodity. The officially verified data raises serious questions about the reporting system of sugar sector.
It also raises…
FPCCI calculates Rs 45 billion plus loss of PTAs and FTAs in 2019-20
Islamabad: The Federation of Pakistan Chambers of Commerce and Industry )FPCCI) has urged the government to redesign the Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) policy with a view to promote the domestic…
