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Thursday, November 15, 2018
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Lahore: Master Motors Corp. Ltd. (MMCL) in collaboration with Yutong, the largest manufacturer of buses in the world, has launched new 8.5m Grand Saloon Buses for the emerging Pakistani market. The assembling of this 8.5m bus has been started along with their standard 12 m model at the company’s state-of-the-art...
ISLAMABAD: Amid concerns expressed by the Financial Action Task Force (FATF) over violations of the counter-terrorism financing regime committed by the country’s financial institutions, Pakistan faces a challenge to effectively regulate telecom companies that are conducting transactions worth billions of rupees every month through mobile wallet accounts. Some telecom companies...
Pakistan Tehreek-e-Insaf (PTI) plans to launch the Digital Transformation Initiative Programme for digital infrastructure, citizen services and other e-government services to boost Information Technology (IT) sector and significantly enhance its precious foreign exchange contribution to the national kitty. The party intends to provide maximum facility to people through digitalization of...
Lahore: Regal Automobile Industries Limited is Pakistan’s third largest bike assembling company. The plant is equipped with most modern technology; where Light Commercial Vehicles and Vans are made. This plant in Lahore with the investment of Rs.10 Billion has started production in June 2018. Sohail Usman Chairman of Regal Automobile...
LAHORE: The price of Liquefied Petroleum Gas (LPG) was increased unjustifiably for the third time in just four days, alleged Irfan Khokhar, Chairman LPG Distributors Association here Tuesday. In a statement, he said, poor LPG consumers are on receiving end due to persistent increase in price of cooking and auto-fuel....
Karachi: Caretaker Sindh Chief Minister Fazul-ur-Rehman says that IDEAS transforms into an iconic event for cutting edge technology demonstrations. Additionally, as forum of shared knowledge and expertise in Pakistan. He presided over 2nd Steering Committee meeting of IDEAS 2018 here on Wednesday. He provides impetus to ongoing national level...
LAHORE - The Punjab caretaker government on Tuesday approved Rs. 693 billion Budget for the period of four months. This budget is under the Article 126 of the Constitution of the Islamic Republic of Pakistan. The Constitution authorises the Caretaker Cabinet to approve expenditure for up to the four months...
HYDERABAD:  A Chongqing-based Chinese industrial group is planning to invest $400 million in various projects in Hyderabad and elsewhere in Sindh. A memorandum of understanding (MoU) had already been signed in this regard, a representative of the Chongqing Federation of Industry and Commerce, Zhang Yang, told media persons here on Sunday. The...
Economic Advisory Council, which was formed with very high hopes by the PTI Govt and inclusion of prestigious Pakistani economists, who are currently working at World top Universities was being pitched as success of Government of Imran Khan, has lost it's intellect after the controversial circumstances, in which Mr....
KARACHI: Imported plant and machinery will remain subject to customs duty concessions even after change in ownership from one to another export-oriented unit under new rules, customs officials said on Monday.The officials said the Federal Board of Revenue (FBR) allowed export-oriented units (EOU) to sale or transfer plant and...

Opinion

remittances unpaid

Of unpaid refunds & figure fudging — II

Everybody knows that collection shown by FBR contains blocked refunds of billons, advances from government-owned corporations and amounts extorted, though not yet due. The...