Friday , October 23 2020
Breaking News
Home / Author Archives: CT Report (page 3681)

Author Archives: CT Report

TDAP to participate in Heimtextil, Frankfurt from Jan 12 to 15, 2016

KARACHI: The Trade Development Authority of Pakistan (TDAP), will participate in Heimtextil, 2016, which is the biggest international trade fair for home textile, scheduled to be held at Frankfurt-Germany, from January 12 to 15, 2016. Over 2,750 exhibitors from over 68 countries and around 68,000 buyers and trade visitors from more than 130 countries participated in the event in 2015, ... Read More »

ICCI urges govt to bring general sales tax down to single digit

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to bring down general sales tax rate to single digit in the upcoming Federal Budget 2015-16 that will help in reducing inflation, boosting business activities and attracting more investment. ICCI President Muzzamil Hussain Sabri, in a statement here Saturday, said 17 percent general sales tax in Pakistan ... Read More »

Enforcement of environmental laws crucial for sustainable development: Justice Athar Minallah

ISLAMABAD: Frantic human activities in this rapidly changing world not only harm environment but also pose a serious risk to public health, threaten biodiversity and deplete natural resources, therefore, it is incumbent upon our district judiciary to enforce Environmental law to save the human life and environment. Judge Islamabad High Court, Justice Athar Minallah, expressed these views in the certificate ... Read More »

Irrigation department recovers over Rs 156 million Abiana from growers

MULTAN: The irrigation department has recovered over Rs 156 million as water rate (Abiana) from growers during the Rabbi Season 2013-14 and Khareef 2014. According to official sources, the department recovered Abiana from four district of the Multan zone which included Rs 37m from Multan district, over Rs 10 million from Lodhran, over Rs 62m from Vehari and over Rs ... Read More »

Govt to control power shortage by year 2017-18: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal has reiterated the PML-N government’s resolve to overcome the shortage of electricity in the year 2017-18 by implementing its energy projects. Talking to the media here the Planning Commission office, the minister said as a result of China Pakistan Economic Corridor, links from Gawadar to Peshawar would be established through ... Read More »

Four drug pushers convicted

FAISALABAD: The session courts on Saturday convicted four drug peddlers involved in different narcotics cases. According to the prosecution, Mansoorabad police had arrested Arshad Javaid and recovered 1.050 kg hashish from his possession sometime ago. Additional Sessions Judge Farrukh Hameed awarded 13 months imprisonment to the accused and directed him to pay a fine of Rs 20,000. In another narcotics ... Read More »

KPK CM meets Chinese ambassador, discusses CPEC project

ISLAMABAD: Ambassador of China, Sun Weidong called on Chief Minister Khyber Pakhtunkhwa (KPK) Pervez Khattak here on Saturday and discussed with him matters of mutual interest. In a joint statement issued here after the meeting said that the Chief Minister Khattak informed the Chinese ambassador about the reforms process and legislation in different areas. He said that KPK government has ... Read More »

Token tax default: 100 vehicles, motorcycles impounded

RAWALPINDI: Rawalpindi Excise and Taxation department has impounded 100 vehicles and motorcycles in an operation launched against token tax defaulters and without registration vehicles in the city. Most of the impounded vehicles owners had defaulted on payment of life time token tax, token tax while others did not have proper registration documents. The special operation was launched on the directives ... Read More »

FBR investigators summon Ayyan’s mother over Rs 35 million in her account

RAWALPINDI: The Intelligence and Investigation Wing of the Federal Board of Revenue (FBR) has summoned Ayyan Ali’s mother Farhat Sultana to know about the source of Rs 35 million authorities have found in her bank account. Sources close to the investigation said the FBR Wing not only wanted to know about the source of her income but whether she had ... Read More »

Revengeful Port Qasim DC Athar Naveed starts picking on everyone

KARACHI: Unable to justify his actions and mishandling of affairs of the department before the higher authorities, Port Qasim Deputy Collector Athar Naveed has started taking revenge on importers who complained against him in the first place. Instead of putting his own house in order, DC Athar Naveed is now bent upon creating more hurdles in the way of importers. ... Read More »

PM launches credit guarantee scheme for small farmers

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif formally launched the credit guarantee scheme for financial empowerment of small farmers of country here on Friday. This scheme will help small farmers to get easy loans from commercial and development banks for production of staple crops thus acute poverty will be reduced in the agriculture sector. Finance minister, minister for national food security ... Read More »

Sub-committee PAC directs Petroleum ministry to make appointment on merit

ISLAMABAD: Sub-Committee of Public Accounts Committee Friday directed the Ministry of Petroleum and Natural Resources to make appointments on merit without any discrimination. The meeting of the PAC Sub-Committee was held under the Chairmanship of MNA Dr Azra Fazal Pechuho at Parliament House. It was also attended by MNA Dr Arif Alvi and Sheikh Rohil Asghar. The Committee discussed the ... Read More »

HBL, NBP to provide Rs84 billion for 1200 MW LNG-based power plant

LAHORE: Presidents of Habib Bank Limited and National Bank of Pakistan called on Chief Minister Punjab Shahbaz Sharif here on Friday and presented an offer to underwrite finance amounting to Rs 84 billion for Punjab government’s 1200 megawatts LNG-based power plant at Bhikki Sheikhupura. Both banks expressed full confidence in the commercial and economic viability of the project and called ... Read More »

Dar chairs meeting to review financing arrangements for Neelum Jhelum project

ISLAMABAD: Federal Minister for Finance Senator Mohammad Ishaq Dar Friday chaired a high level meeting to review financing arrangements for the Neelum Jhelum Hydropower Project (NJHP). Khawaja Mohammad Asif, Federal Minister for Water and Power was also attended the meeting, said a Finance Ministry press release issued here. The Finance Minister was briefed about the progress of the project and ... Read More »

Govt likely to present budget 2015-16 on June 5

ISLAMABAD: President Mamnoon Hussain Friday summoned the budget session of the National Assembly on June 5 when the government would present the annual budget for fiscal 2015-16. The President summoned the session on a summary initiated by Ministry of Parliamentary Affairs containing the Prime Minister’s advice for summoning budget session. The budget session will be held on June 5, at ... Read More »

Federal govt to invest in 13 identified power projects in KP

ISLAMABAD: The Federal Government Friday decided to assist the Khyber Pakhtunkhwa government in its 13 identified power projects. The decision was taken during a meeting between Federal Minister for Water and Power Khawaja Muhammad Asif and KP Chief Minister Pervaiz Khattak. The meeting also decided that the provincial government and Peshawar Electric Supply Company (PESCO) would hold a meeting on ... Read More »

SHC appoints members to IR appellant tribunal

KARACHI: The Chief Justice of Sindh High Court (SHC) has directed District and Sessions Judge Shahid Pervez Memon to join his new assignment as Judicial Member in appellate tribunal of Inland Revenue Bench-VII Karachi. According to a handout, District and Sessions Judge Aliya Latif Unar has been directed to join her new assignment as Judicial Member in appellate tribunal of ... Read More »

ICCI asks govt to heed to business community’s suggestions for budget 2015-16

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muzzamil Sabri has said that the government should bring ease in taxation system, besides taking the business community into confidence before finalising the budget 2015-16. He also lauded the policies of current government to overcome the energy crises and boosting the economy, besides terming the Chinese investment of US $46 billion ... Read More »

FTO finalizes recommendations for improving tax collection system

ISLAMABAD: The Federal Tax Ombudsman (FTO) Advisory Committee Wednesday finalized recommendations for evolving a mechanism to improve the revenue collection system. Federal Tax Ombudsman Abdul Rauf Chaudhary chaired the advisory committee’s second meeting which discussed the proposals for improving the working of tax collection departments, especially the Federal Board of Revenue (FBR) and decided to forward the same to the ... Read More »

FTO recommends FBR to direct DG-IR audit to expedite post-refund audit

ISLAMABAD: Federal Tax Ombudsman (FTO) Abdul Rauf Chaudhry has asked Federal Board of Revenue (FBR) to direct the Directorate General of Inland Revenue Audit for expediting post-refund audit of the Complainant Company and to complete it within a reasonable period of time. Keeping in view its findings, the FTO also directed the FBR to recover inadmissible amount of refund obtained ... Read More »