Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «percent»

May 22, 2018 12:00 AM Power breakdown again hits Punjab

ISLAMABAD: The feeble transmission system on Monday continued to haunt power sector in Punjab resulting in the massive disturbance in supply of electricity leaving the masses at the mercy of hot weather. On May 16, half of the Pakistan (Punjab, KP and Gilgit-Baltistan) experienced a massive breakdown caused by the tripping of Guddu 747-Raheem Yar Khan transmission

May 22, 2018 12:00 AM Budget deficit shoots up to Rs1,480.9 billion

ISLAMABAD: Just ahead of an electioneering year, Pakistan’s budget deficit shot up to Rs1480.929 billion or 4.3 percent of GDP for first nine months (July-March) period of current fiscal against 3.9 percent of GDP for same period of last financial year, official data of Finance Ministry shows. The debt servicing has outpaced defence and development expenditures

May 22, 2018 12:00 AM Oil imports climb 30.4pc in 10 months

KARACHI: Imports of petroleum products soared 30.4 percent to $11.44 billion in the first 10 months of the current fiscal year of 2017/18 as oil prices continued to post recovery from the 2014’s lows, official data showed on Monday. Pakistan Bureau of Statistics (PBS) data showed that imports of petroleum products increased from $8.78 billion in the corresponding

May 21, 2018 12:00 AM UAE announces major changes in visa policy

DUBAI: The United Arab Emirates (UAE) announced decisions on Sunday that included the provision of residency visas of up to 10 years for investors and professionals and their families in addition to exceptional students. According to WAM, the cabinet announced the launch of an integrated visa system to attract talent in all vital sectors of the national

May 20, 2018 12:00 AM Punjab govt, Nadra sign extension in contract for arms licences

LAHORE: The Punjab government and Nadra have signed the extension in contract for Punjab arms licences (2018-2020). The extension in contract was signed by Nadra Chairman Usman Mobin and Additional Chief Secretary Maj Azam Suleman here on Saturday. The computerisation of all arms licences of Punjab was extended for another three years, till 2020, as the initial 4

May 20, 2018 12:00 AM Punjab leads in Human Development Index

ISLAMABAD: Punjab is ahead of all the provinces in Human Development Index according to the Pakistan National Human Index Report, released by the United Nation Development Programme. The thresholds used for this report categorise Pakistan as a country with medium level of development. Punjab stands first securing 0.732 points followed by Sindh with 0.640 points

May 20, 2018 12:00 AM Laggard returns filers to miss tax concession

KARACHI: Laggard return filers cannot avail withholding tax concession under a new law introduced for the next fiscal year of 2019, a consultancy firm said on Saturday. Late filers will not be eligible to avail reduced rate of withholding tax rates as their names will not be included in the active taxpayers list (ATL). Presently, income tax is collected

May 19, 2018 12:00 AM Tax relief to leave Rs5b negative impact on economy: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has assessed that different relief measures provided in the Finance Bill 2018 in shape of reduction in tax rate on fertilizer and others would have negative revenue impact of around Rs5 billion for next fiscal year 2018-19, The News has learnt. One top official of FBR told The News on Friday that the relief 5

May 19, 2018 12:00 AM EU launches measures to protect European business in Iran

BRUSSELS: The European Commission said on Friday it had started the process of renewing a sanctions-blocking measure to protect European businesses in Iran, after the United States pulled out of the Iran nuclear accord and reimposed sanctions on Tehran. The Commission said in a statement it had "launched the formal process to activate the Blocking Statute 1

May 19, 2018 12:00 AM Sindh Revenue Board unveils major tax relief

KARACHI: Sindh Revenue Board (SRB) on Friday unveiled a relief for taxpayers, allowing a total waiver of penalty and remission of up to 95 percent of the amount of the default surcharge, in a bid to boost tax inclusion as well as collection. “The tax payment incentive package provided substantial benefits and relief to the taxpayers, service providers 1