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1-10 results from 1000 for query «sectors»

March 16, 2018 12:00 AM FPCCI demands 10pc cut in sales tax

FPCCI said the standard sales tax of seven percent should be non-adjustable and non-refundable and it should be collected at the single stage of import and/or at manufacturing, except high tax earning sectors for the government, including petroleum products, energy, telecom, tobacco and liquor. In the value-added chain industry, the sales tax may be collected 2

March 16, 2018 12:00 AM Loss-making public sector enterprises incur Rs1.2 trillion in losses

ISLAMABAD: Loss-making public sector enterprises (PSEs) have so far raked in more than Rs1.2 trillion in losses, equivalent to four percent of GDP, IMF said on Thursday, underscoring an ‘urgency’ for their restructuring to ease burden on budgetary resources. “Privatisation and restructuring of key loss-making PSEs have been largely on hold,” International 2

March 15, 2018 12:00 AM India needs 8 percent growth for 30 years to join middle-income group

NEW DELHI: India´s economy needs to grow 8 percent and higher a year for the next three decades to join the ranks of middle-income countries, which would require major reforms in the land, labour and financial sectors, the World Bank said on Wednesday. If that did happen, it would raise the income of at least 50 percent of India´s 1.3 billion people 8

March 14, 2018 12:00 AM Projects completion, workers’ welfare top priority, says Wapda chief

LAHORE: The Pakistan Water and Power Development Authority (Wapda) has been regaining glory of its past with brisk completion of long-delayed projects in water and hydropower sectors during the last one-and-a-half year, claimed Wapda top management here on Tuesday. The vital task of commissioning the projects like Kachhi Canal, Golen Gol and Tarbela 4

March 13, 2018 12:00 AM Aramco IPO delayed until 2019: report

London: The initial public offering of oil giant Saudi Aramco may be delayed until 2019 at the earliest, the Financial Times reported, citing British officials briefed on the matter. The IPO, potentially the largest stock sale ever, had been scheduled for the second half of 2018, amid efforts to select an international venue for its listing. FT on Sunday 10

March 11, 2018 6:57 PM Iran's foreign minister arrives in Pakistan to enhance trade ties

Iran's Foreign Minister Javad Zarif arrived in Islamabad on Sunday to hold talks with Pakistani leadership on bilateral relations and regional situation, Radio Pakistan reported. A 30-member business delegation comprising representatives from economic, trade and business sectors is accompanying the Iranian foreign minister. During the visit, Zarif will hold meetings 7

March 10, 2018 12:00 AM Banks asked to increase nonfarm loans in rural areas

ISLAMABAD: Minister of Privatisation Daniyal Aziz on Friday proposed amendments into a law to extend credit outreach of banking sector beyond agriculture sector. Aziz proposed amendment in ‘Loans for Agriculture, Commercial and Industrial Purposes Act 1973’. “The minister stressed the need for revisiting the… act, which was restricted with only agriculture 7

March 9, 2018 12:00 AM PM’s aide Ali Jahangir appointed envoy to US

ISLAMABAD: Ali Jahangir Siddiqui, son of Jahangir Siddiqui who is the founder of the JS Group, has been appointed as Pakistan’s Ambassador to the US and will assume the charge next month upon the retirement of Aizaz Ahmed Chaudhry, Geo News quoted sources as saying. Ali Jahangir is currently PM’s Special Assistant with the status of Minister of State 9

March 7, 2018 12:00 AM FPCCI team visits Tehran

KARACHI: A Federation of Pakistan Chambers of Commerce and Industry (FPCCI) delegation under the leadership of Ghazanfar Bilour, president of FPCCI ECO-CCI, attended the 16th general assembly meeting, 24th executive committee meeting, and specialised committee meetings from March 3 to 5, 2018 in Tehran, Iran, a styatement said on Tuesday. The meetings 10

March 3, 2018 12:00 AM Businessmen resent POL price hike

KARACHI: Business community has resented hike in prices of petroleum products and said it will increase the cost of manufacturing, a statement said on Friday. Office-bearers of Korangi Association of Trade and Industry (Kati) said that increased petroleum prices would add burden on industry and SMEs in terms of increased cost of production and doing 20