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Tag Archives: September

iPhone 6 accounts for 68% sales

NEW YORK: Apple’s latest handsets the iPhone 6 accounted for 68 percent of all sales through September and into early October, while its larger model took between 23 and 24 percent. Apple’s cheaper iPhone 5S and 5C handsets made up the rest of the sales. Following last year’s launch, the 5S and 5C accounted for 84 per cent of total ... Read More »

Excise Dept captures documents of 20,000 defaulter vehicles

LAHORE:  The Excise and Taxation Department has seized documents of 20,000 defaulter vehicles and impounded hundreds in the Punjab. These documents were confiscated during last four months of July, August, September and October. Owners of the defaulter vehicles are not been paying their token tax and tax not on transfer of vehicles. The Excise Dept received almost Rs 40 millions ... Read More »

NBP profits up by 107pc to Rs12.1 billion in nine months

KARACHI: The National Bank of Pakistan (NBP) has recorded Rs12.1 billion profit-after-tax from January to September in 2014, showing a growth of 107 per cent. The NBP pre-tax profit increased by 143pc to Rs18 billion during in the nine months this year against Rs7.4 billion of the corresponding period of 2013. The bank’s earnings per share (eps) soared up to ... Read More »

Power tariff may up by 52 paisa/kwh as Discos seek hike

ISLAMABAD: For September, Nepra is expected to permit a further hike of 52 paisa per kilowatt hour, in the tariff of ex-Wapda distribution companies (Discos). The figures provided by the Central Power Purchasing Agency say that a total of 9125 Gigawatts hours (Gwh) electricity was generated during the month of September, while 8,934.91 (GWh) electricity was delivered to Discos worth ... Read More »

Discos want 54 paisas increase in power tariff

ISLAMABAD: The electricity distribution companies (Discos) want 52 paisas (per kilowatts hour) increase in power tariff under fuel adjustment charges for September. As per Central Power Purchasing Agency (CPPA) figures, a total of 9,125 gigawatts hours (Gwh) electricity was generated during September 2014, while 8,934.91GWh electricity worth Rs60,538.26 million was delivered to Discos. Energy generation from RFO cost Rs43,518.28 million ... Read More »

SECP: Registration of 405 companies depicts 22% increase

KARACHI: As many as 405 new companies were registered with the Securities and Exchange Commission of Pakistan (SECP) in September, depicting a 22 percent increase over the same month last year. Around 91 percent of them have been registered as private limited companies while six percent and three percent of them were registered as single-member and public limited companies respectively. ... Read More »

GEPCO recovers Rs 9.43 from defaulters in September

  SIALKOT: The Gujranwala Electric Power Company (GEPCO) has recovered Rs 9.43 billion from both small and big defaulters in September. According to GEPCO officials, they have recovered Rs 8.42 billion from the private sector while the government sector also deposited Rs 430 million in this regard. GEPCO has also started a campaign to disconnect power connections of hundreds of ... Read More »

Lexus recalls 1.75m vehicles over possible fire risk

SYDNEY: Lexus has recalled about 1.75 million vehicles from all over the world due to possible fire risk caused by fuel leak. As many as 759,000 cars, built between 2005 and 2010, have been affected globally. Meanwhile, Lexus has also announced to recall 10,800 cars in Australia, which is first time this year. The company recall in Australia includes the ... Read More »

Sale of local cars goes up in September

KARACHI: A rise in sale of locally manufactured cars was witnessed in September. An office-bearer of the Pakistan Auto Manufacturing Association said during September 12,602 cars were sold. As many as 11,000 cars were sold during the same period last year. According to experts, sales rose 14 percent after attractive models of locally made cars were introduced. In the first quarter ... Read More »

Rs 13.28 million recovered in 39 cases under supervision of Collector Saleem

  KARACHI: Under the rock-solid supervision of Collector MCC-Appraisement-West Muhammad Saleem, the Post Release Verification (PRV) Section has recovered Rs 13.28 million in 39 cases in September. According to details, the PRV Section recovered Rs 877,994 through a Goods Declaration (GD) No. 29656, recovered Rs 404,765 through a GD No. 25666 and recovered Rs 749,663 through a GD No. 15154. ... Read More »

Pakistan exports Rs 1.77 billion items to India in September

  LAHORE: Pakistan has exported items worth Rs 1.77 billion to India during September trade to India via Wahga border. According to documents available with Customs Today, Pakistan exported dried fruits, salt, cement, gypsum, cotton, scrap and lime stone. The documents show that Pakistan exported 22,801 metric tonnes of dried fruits such as dates, figs and guavas to India. Similarly, Pakistan ... Read More »

Appraisement-East collects Rs 20.4 billion in September

KARACHI: The Model Customs Collectorate (MCC) of Appraisement-East collected Rs 20.44 billion in September under the heads of customs duty, sales tax, withholding tax and federal excise duty. The MCC of Appraisement-East exceeded overall targets for customs, sales tax and withholding tax for September; however, the target for federal excise duty remained unachieved. The Appraisement collected Rs 5.38 billion customs ... Read More »

Multan Customs collects Rs 10.26 billion in September

MULTAN: The Customs Collectorate has collected revenue worth Rs 10.26 billion in September of fiscal year 2014-15. The collectorate has collected customs duty of Rs 7 billion in September. The total customs duty collected includes Rs 7 billion, regulatory duty of Rs 0.299 million and warehouse surcharge of Rs 0.703 million. The federal excise duty worth Rs 8.418 million has been ... Read More »

FBR raises large taxpayer unit’s target by 30pc

LAHORE: The Large Taxpayer Unit (LTU) of the Federal Board of Revenue (FBR) has been assigned 30 percent more revenue target for September this year than the last year’s collections of Rs 15.03 billion during the same period. Sources told Customs today that the FBR has assigned Rs 19.497 billion tax collection target to LTU for September this year, which ... Read More »