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1-10 results from 1000 for query «sales»

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 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

May 17, 2018 12:00 AM Govt withdraws Rs10 health levy on tobacco

ISLAMABAD: The government withdrew health levy of Rs10 on a kilogram of tobacco in line with the senate’s demand and it is all set to present the amended finance bill 2018 before the national assembly for approval on Thursday (today). Officials said on Wednesday finance bill also proposed a 10 percent sales tax on rock phosphate imported by fertiliser 2

May 10, 2018 12:00 AM Emirates Group posts $1.1bln profit

DUBAI: The Emirates Group on Wednesday announced its 30th consecutive year of profit and steady business expansion, a statement said. In its 2017/18 annual report, the Emirates Group posted a profit of AED 4.1 billion ($1.1 billion) for the financial year ended March 31, 2018, up 67 percent from last year, it added. The group’s revenue reached AED 102.4 billion 2

May 9, 2018 12:00 AM Papco’s mogas pipeline to replace vehicular transportation

KARACHI: A multi-grading white oil pipeline spreading over 784-kilometre is expected to be ready next year to supply motor gasoline in the upcountry amid a double-digit growth in demand of retail fuels, industry officials said on Tuesday. The officials said the multi-grading of the 784km white oil pipeline from Port Qasim to Mehmood Kot in Punjab would 5

May 6, 2018 12:00 AM Wells Fargo to pay settlement charges

New York: Scandal-plagued Wells Fargo said Friday it would pay $480 million to settle a lawsuit over alleged securities fraud. While the bank said it denies the claims in the suit over "misstatements and omissions" in disclosures about its sales practices, it agreed to pay the sum "to avoid the cost and disruption of further litigation." The deal is subject 1

May 4, 2018 12:00 AM Amazon makes bid to spoil Walmart-Flipkart deal

BENGALURU/MUMBAI: Amazon.com Inc has made a formal offer to buy 60 percent of Flipkart , CNBC-TV18 reported on Wednesday, potentially complicating Walmart Inc´s bid for majority ownership of the Indian online retailer. The news underscores how Amazon is focused on winning India´s fledgling e-commerce market, and the offer could be a ploy to block Walmart 3

May 1, 2018 12:00 AM SNGPL’s profit falls to Rs5.98bln in July-March

KARACHI: Profit of Sui Northern Gas Pipelines Limited (SNGPL) fell two percent to Rs5.98 billion during the July-March period, translating into earnings per share (EPS) of Rs9.43, a bourse filing said on Monday. SNGPL earned Rs6.10 billion in profit with EPS of Rs9.63 during the corresponding period a year earlier, the company said in a statement to Pakistan 8

May 1, 2018 12:00 AM Atlas Honda unveils Rs1.7bln investment plan to expand production capacity

KARACHI: Motorcycle manufacturer Atlas Honda on Monday announced more than Rs1.7 billion in investment to expand its production capacity on growing demand of two-wheelers in the country. “Atlas Honda Limited, a joint venture of Atlas Group and Honda Motor Company, is pleased to announce an investment plan for the expansion of its motorcycle operations 10

April 27, 2018 3:33 PM SHC suspends FBR notification against Shell Pakistan

KARACHI: The Sindh High Court on Friday set aside the directive of Federal Board of Revenue (FBR), which had suspended the sales tax registration of Shell Pakistan over tax fraud. In a statement, the oil giant, stated that the FBR had allowed the company to respond by April 30 and the tax authorities were clarified that the ‘relevant amount of tax had been paid in full therefore 6