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  • Siraj

    December 18, 2013 4:52 AM 24

    PESHAWAR: Senior Minister Khyber Pakhtunkhwa Siraj-ul-Haq Tuesday asked federal government for a resolution of all financial issues relating to hydel net profit, gas and water with the province. Addressing a news conference here in the Cabinet Room of the Civil Secretariat, he said that the coalition government of Khyber Pakhtunkhwa (KP) has decided

  • Employment abroad: Pakistani labour to be considered for Malaysian project

    December 18, 2013 3:41 AM 9

    Malays­ian delega­tion says skille­d worker­s are requir­ed in thousa­nds for mass rapid transi­t projec­t in Malays­ia. “The government is taking measures to expand the scope of employment of Pakistan’s workers in Malaysia and European countries,” Minister for Labour Raja Ashfaq Sarwar said on Tuesday. He was talking to a delegation of a Malaysian business

  • 800k file income tax returns, statements: FBR

    December 17, 2013 11:35 PM 18

    Number goes up by 90k in compar­ison to last year. ISLAMABAD: About 800,000 people have filed their income tax returns and statements and paid Rs8 billion in taxes till the expiry of the deadline, an addition of 90,000 people in the net as compared to the previous year, claimed the national tax agency on Tuesday. The Federal Board of Revenue has received

  • Money inflow: FDI increases during July-November

    December 17, 2013 10:24 PM 18

    Rise happen­s despit­e lower Novemb­er figure­s. KARACHI: Pakistan received foreign direct investment (FDI) of $330.7 million in the period July-November, which is 4.7% higher than $315.8 million it attracted in the corresponding five-month period in the last fiscal year. However, FDI dropped 26% year-on-year to $47.1 million in November, according to data released

  • In absence of reforms, ADB to stop $500m energy loan

    December 17, 2013 8:18 PM 17

    Govt asked to change fuel mix, give autono­my to boards of power compan­ies. ISLAMABAD: Despite sounding positive about the government’s economic initiatives, the Asian Development Bank’s (ADB) top man in Islamabad on Tuesday linked a $500 million loan for power sector with meeting a set of conditions to ensure administrative autonomy and financial viability

  • TSX edges higher as investors eye Fed meeting

    December 17, 2013 4:30 PM 32

    TORONTO: Canada's main stock index edged higher on Tuesday, with gains in financials offsetting weakness in gold miners, as investors wondered whether the US Federal Reserve would announce a reduction in its bond buying program at a policy meeting. Fed officials meet on Tuesday and Wednesday to discuss the state of the world's biggest economy and determine

  • CNG price may not go down by Rs 1.23/kg

    December 17, 2013 10:29 AM 17

    ISLAMABAD - Prices of CNG would not witness upto Rs 1.23/kg decrease from today if the Supreme Court grants stay order to Federal Board of Revenue (FBR). Earlier, the Federal Board of Revenue in a review petition submitted with the apex court has sought review over a decision in which the apex court, declaring null and void the collection of additional

  • CNG prices decrease in Pakistan | BUSINESS

    December 17, 2013 9:31 AM 20

    ISLAMABAD: The notification for a nine percent decrease in the GST of Compressed Natural Gas (CNG) has been issued. After the notification, price of CNG has decreased by Rs1.23 in Region 1 and Rs0.61 in Region 2. The Supreme Court had declared the additional nine percent increase in the GST illegal during proceedings of the petroleum prices case. Following

  • Investments in national savings plummet by 65pc | BUSINESS

    December 17, 2013 9:25 AM 18

    KARACHI: The current hyperinflation in the country has eaten away the savings of the people, as is evident from the crash in national savings’ investments bringing down its rate of investment by 65 percent as compared to previous year, Geo News reported. Sources said that the volume of investment in saving schemes of National Savings Organization during

  • Towards prosperity: Enact taxpayer bill of rights, say experts

    December 17, 2013 4:24 AM 23

    Mappin­g of the potent­ial benefi­ciarie­s should be done before announ­cing amnest­ies. With the economy in tatters, most researchers are of the opinion that if the people of Pakistan start paying their taxes, chances are that the country can be put on the right track towards prosperity. Presenting the findings of a recently conducted survey in four tax zones