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Portuguese govt to purchase 1,200 electric powered vehicles by 2020, can save €50m

LISBON: The Portuguese state vehicle fleet is to contain 1,200 electric powered vehicles by the end of the decade, returning substantial savings, following the approval of a sustainable mobility programme by the Portuguese cabinet. The Minister of the Environment Jorge Moreira da Silva told journalists afterwards that this was all about the state setting the example in terms of transportation, ... Read More »

Euronay confirms purchase of 4 VLCCs

ATHENS: Euronav has confirmed it is in “advanced discussions” to purchase four VLCCs, but has not made an offer on other vessels, “specifically the Principal Maritime suezmax vessels”. Splash reported yesterday that Euronav has purchased resale contracts for eight VLCC newbuildings from Greece’s Metrostar Management, according to shipbrokers’ reports. The ships are currently under construction at Hyundai Heavy Industries, South ... Read More »

Euronay confirms purchase of 4 VLCCs

ATHENS: Euronav has confirmed it is in “advanced discussions” to purchase four VLCCs, but has not made an offer on other vessels, “specifically the Principal Maritime suezmax vessels”. Splash reported yesterday that Euronav has purchased resale contracts for eight VLCC newbuildings from Greece’s Metrostar Management, according to shipbrokers’ reports. The ships are currently under construction at Hyundai Heavy Industries, South ... Read More »

FBR notifies 4pc advance tax on int’l air tickets

ISLAMABAD: The Federal Board of Revenue (FBR) notified all the airlines to collect advance tax on air tickets for international journey originates from Pakistan. According to the notification, the FBR directed all the airlines to collect advance tax at the rate of 4 percent on all air tickets if the journey originates from Pakistan. It read that the airlines issuing ... Read More »

Customs seizes smuggled diesel worth Rs 20m

MULTAN: The Customs Anti-Smuggling Organisation (ASO) captured 80,000 litres of smuggled High Speed Diesel worth Rs 20 million from Dera Ghazi Khan region. As per detail, the Customs ASO intercepted two oil-tankers and recovered 80, 000 litres of smuggled diesel. The owners identified as Mohiuddin and Noor Ahmad were trying to sell the diesel to Hascol Petrol Pump in Dera ... Read More »

1pc WHT to be collected on property purchase

ISLAMABAD: The government will charge one percent withholding tax on purchase of immovable property of all sizes, including plots, flats, houses, residential and commercial properties purchased at any time with effect from July 1, 2014. As per details, all sizes of immovable properties are covered under the withholding tax regime at the purchase stage through Finance Bill (2014). At the ... Read More »