Monday , February 24 2020
Breaking News
Home / Author Archives: CT Report (page 3512)

Author Archives: CT Report

FPCCI for more incentives to boost trade, industry activity

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) leadership, after going through the federal budget in detail, has expressed certain reservations and called for more incentives and concessions to increase trade and industrial activities in the country. FPCCI President Mian Muhammad Adrees and FPCCI Senior Vice President Abdul Rahim Jano along with other officials of the apex trade ... Read More »

Dar says Budget 2015-16 is pro-poor

ISLAMABAD: Finance Minister Ishaq Dar said the Budget 2015-16 was pro-poor as no burden in wake of taxes has been put over them. Addressing a post-budget press conference in Islamabad, Dar said all data relating to the budget must be reported responsibly, adding that news pertaining to ending wheat subsidies in Gilgit-Baltistan was incorrect. He said a section of media ... Read More »

SCCI terms Budget 2015-16 as ‘unfriendly’ for business community

SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) has termed the Budget 2015-16 as not export-friendly budget. Talking to the newsmen at SCCI here today, SCCI President Fazal Jillani said that 50 percent increase in general sales tax from 2 to 3 percent would further create hurdles in the cash flow in Sialkot’s export oriented industry. SCCI demanded early exemption ... Read More »

Full Budget Speech of Federal Minister for Finance Ishaq Dar

Bismillahir-Rehmanir-Rahim Mr. Speaker, Once again, as I have the honor of presenting the Budget 2015-16, I bow my head before Allah (SWT) for untold and immeasurable blessings He has bestowed on this nation and the singular distinction He has conferred on Mohammad Nawaz Sharif, Prime Minister of Pakistan and his Government in restoring the health of a broken economy. The ... Read More »

APBF, Telenor pledge joint fforts to enrich national economy

LAHORE: The All Pakistan Business Forum (APBF) has recently entered into a valuable collaboration with Telenor, and according to an MoU signed between APBF and Telenor Pakistan, APBF will promote Telenor’s innovative products and services among its member organisations to enrich and accelerate the national economy. These products provide futuristic M-Commerce solutions, including GSM voice and data services, 3G technology, smart ... Read More »

KPCCI terms Budget 2015-16 as realistic, balanced

PESHAWAR: The business community of Khyber Pakhtunkhwa termed the fiscal budget 2015-16 as realistic and balanced, and appreciated the federal government initiatives have been proposed for brining economic stability and development of the country in coming financial period. “The PML-N led federal government has presented a historic, progressive, and business-friendly budget for next financial year 2015-16 under the prevailing circumstances, ... Read More »

LCCI president calls for comprehensive public-private partnership

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Ijaz A. Mumtaz has said that strong public-private partnership can help surmounting the unprecedented economic challenges being faced by the country. The LCCI would continue its untiring efforts in this regard, he said. The LCCI president was talking to a delegation of the National Institute of Management, led by Chief Instructor ... Read More »

LCCI terms Federal Budget 2015-16 balanced

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has termed the Federal Budget 2015-16 good and balanced in the existing circumstances. Addressing a press conference soon after the federal budget, LCCI President Ijaz A. Mumtaz said that Federal Finance Minister Ishaq Dar deserves appreciation for accepting a number of LCCI demands. LCCI Vice President Syed Mahmood Ghaznavi, former presidents ... Read More »

CPEC is national consensus project: Dar

ISLAMABAD: Federal Minister for Finance, Senator Muhammad Ishaq Dar on Friday termed China-Pakistan Economic Corridor (CPEC) as national consensus project. While delivering budget speech in the National Assembly, he lashed at certain foreign elements who are opposing this national consensus project and creating hurdles in the way of this project. “We will not allow any conspiracy to succeed against this ... Read More »

Govt to spend Rs.3 billion on new Gwadar International Airport

ISLAMABAD: The government will spend Rs 3 billion during the next fiscal year 2015-16 to construct new Gwadar International Airport, Minister for Finance and Revenue, Ishaq Dar said. In his budget speech for 2015-16 in National Assembly here on Friday, he said keeping in view the significant role of Gwadar for economic growth of the country, the government has taken ... Read More »

Govt proposes taxation measures for fiscal year 2015-16

ISLAMABAD: The government on Friday proposed various taxation measures for fiscal year 2015-16, with focus on broadening revenue base, bringing non-tax payers into tax net, rationalizing customs tariffs, sales tax and federal excise duty, besides incentives for construction and agriculture sectors and employment generating industries. Finance Minister Muhammad Ishaq Dar, while presenting the budget for in the National Assembly, said ... Read More »

Govt announces Rs 4.451 trillion budget for fiscal year 2015-16 focusing on economic stability

ISLAMABAD: The government, Friday unveiled Rs 4.451 trillion budget for the year 2015-16, focusing on growth acceleration, reduction in fiscal deficit, raising tax revenues, measures to overcome energy shortage, providing relief to businessmen and common man. Delivering the budget speech here in the National Assembly, Finance Minister Mohammad Ishaq Dar said the economic performance of the government during last two ... Read More »

Budget 2015-16: Govt proposes one percent tax relief for companies

ISLAMABAD: The government has proposed one percent tax relief for the companies in budget for fiscal year 2015-16, bringing it down from current 33 per cent to 32 per cent. Presenting the budget speech in the Parliament on Friday, Minister for Finance, Senator Muhammad Ishaq Dar said that the step was taken to promote and encourage corporate culture and documentation ... Read More »

Budget 2015-16: Rs 41 billion allocated for Pakistan Railways

ISLAMABAD: The government has allocated a sum of Rs 41 billion under Public Sector Development Project (PSDP) for Railways division. According to budgetary document issued here Friday, Rs. 882 million are allocated for acquisition of land for Railways Container Yard Station and Railway Line from Sea port up to coastal highway at Gwadar. Rs 2.795 billion allocated for Mechanization of ... Read More »

Budget 2015-16: Govt announces Rs 230 million funds for narcotics development projects

ISLAMABAD: The government has allocated Rs 230.425 million for Narcotics Control Division in the Public Sector Development Programme (PSDP) for the year 2015-16 for four ongoing and one new project. According to the budgetary document released here Friday, the government has allocated Rs 230.425 million for the new project like development of parking for confiscated/ seized vehicles of regional directorate, ... Read More »

Sindh Board of Revenue, Excise and Taxation asked to achieve recovery target by June 30

KARACHI: Sindh Chief Secretary Muhammad Siddique Memon has advised the Board of Revenue, Sindh and Excise and Taxation Department to achieve the recovery target by June 30. The chief secretary said that no negligence would be tolerated in this regard, according to a press release issued here in Friday. Siddique Memon was presiding over a meeting at his office, which ... Read More »

Budget 2015-16: Rs 159.964 billion allocated for Communications Division’s projects

ISLAMABAD: The Federal Government has allocated Rs 159.964 billion for 69 development projects of Communications Division in the Public Sector Development Programme (PSDP) for the fiscal year 2015-16. According to the budgetary document released on Friday, the government has specified 364.747 million for eight schemes of Ministry of Communications out of which Rs 357.247 million for six ongoing schemes while ... Read More »

Budget 2015-16: Govt allocates Rs. 1.5 billion for uplift of agriculture

ISLAMABAD: The federal government has allocated Rs. 1.5 billion for the development of agriculture sector under its Public Sector Development Programme (PSDP) for the financial year 2015-16. According to the PSDP, released here Friday, the government has allocated Rs 1.401 billion for the completion of 16 on-going projects and Rs 89.939 million for 7 new schemes in the agriculture sector. ... Read More »

Budget 2015-16: Govt allocates Rs 12b for Ports, Shipping Division in PSDP

ISLAMABAD: The government has allocated Rs 12 billion for Ports and Shipping Division in the Public Sector Development Programme (PSDP) for the year 2015-16. According to the budgetary document released on Friday, the government has set aside Rs 5.223 billion for six ongoing schemes, while Rs. 6.777 million earmarked for eight new sachems of the Ports and Shipping Division. Highest ... Read More »

Budget 2015-16: Finance Minister Ishaq Dar presents budget in NA

ISLAMABAD: Finance Minister Ishaq Dar presented the budgetary proposals for financial year 2015-16 before the National Assembly on Friday. The National Economic Council has already approved Public Sector Development Programme of Rs 700 billion for the next financial year. The target growth for next year has been set at 5.5 percent with historically low interest rates and infrastructure spending expected ... Read More »