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Plastic exports increased by 30pc in first 10 months

ISLAMABAD (APP):The export of plastic material from the country witnessed an increase of 30.18 percent during the first ten months of current fiscal year against the exports of the corresponding period of last year. The plastic exports from the country were recorded at $ 263.655 million during July-April (2018-19) against the exports of $202.527 million during July-April (2017-18), showing growth of ...

Dunya News 2019-06-03 9:51 am

ICCI terms housing scheme a positive initiative

Ahmed Hassan Moughal President, Rafat Farid Senior Vice President and Iftikhar Anwar Sethi Vice President, Islamabad Chamber of Commerce & Industry said that housing industry was inter-connected with 40 plus industries including cement, steel, marble, light engineering and others, therefore, the growth of this industry would trigger the growth and development of all allied industries leading to acceleration in ...

The Nation 2019-06-03 9:51 am

Hafeez to hold parlay with business community for finalizing upcoming budget

ISLAMABAD(APP) ? Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh will visit Lahore on June 1 (Saturday) to discuss in detail matters of mutual interest with business community and seek final proposals regarding upcoming federal budget besides taking them in confidence in decision-making process for preparing national agenda for bringing about economic stability in the country. Iftikhar ...

Dunya News 2019-06-03 9:51 am

‘Made in Pakistan’ move to help squeeze imports

He said, ?Figures show that under the PTI regime, Pakistan has paid off the biggest amount related to debt servicing ever in the history of this country.? Talking to this scribe, Islamabad based Journalist dealing with economy, Shams Abbasi said that the government was determined to bring investor-friendly reforms in ?Ease of Doing Business? and evolve agriculture and industrial policies ...

The Nation 2019-06-03 9:51 am

Airlines want joint lifting of 737 MAX ban, but EU cautious

The International Air Transport Association (IATA), whose 290 carriers account for 80 percent of world flying, said trust in the certification system had been damaged by a wave of separate decisions to ground the jet, with the U.S. last to act. ?Certainly EASA will take a very close look at the results (of proposed design changes) and then make ...

The Nation 2019-06-03 9:51 am

Petrol price goes up by Rs4.26 to Rs112.68 per litre

Similarly, the Kerosene oil will be sold out at 98.46 with an increase of 1.69 rupees per litre while, the new price of Light Diesel Oil will be 88.62 with an increase of 1.68 rupees per litre.

Dunya News 2019-06-03 9:51 am

‘Amnesty scheme may fail to achieve objectives’

ISLAMABAD - The recently announced tax amnesty scheme may fail to achieve desired results due to shortcomings which are keeping people away, a business leader said Sunday. The scheme is full of mistakes and contradictions while it has some weaknesses which are keeping tax consultants and businessmen at a distance, said veteran trade leader Shahid Rasheed Butt. ...

The Nation 2019-06-03 9:51 am

Rapidly growing air conditioner market

EcoStar, which has already gained a significant market share in consumer electronics, has decided to launch its first air conditioner lineup. Clean air technology, smart home technology and artificial intelligence are some of the most recent changes in air conditioning industry and inverter technology is slowly but steadily replacing the conventional cool only air conditioners. This series is available ...

The Nation 2019-06-03 9:51 am

US Dollar down to Rs149 in open market

KARACHI (Dunya News) – The exchange rate of dollar plunged by 29 paisa in interbank and traded at Rs147.92 as compared to closing of last day at Rs148.21 on Friday. In the open market, the greenback shed 20 paisas was traded at Rs149 by the close of the day. According to currency dealers, the increasing inflows of remittance in connection ahead ...

Dunya News 2019-06-03 9:51 am

Trade wars are good, and easy to win?

Trump has credited his previous tariffs with bringing Beijing to the table, but China has retaliated by slapping tariffs on U.S. agricultural products. But these latest round of negotiations broke down, and then Trump responded by more than doubling existing tariffs on $200 billion of Chinese imports, from 10 percent to 25 percent. Trump has two goals; the first ...

The Nation 2019-06-03 9:51 am

Tackling Pakistan’s water crisis

Since the incursion of seawater has salinized Karachi?s groundwater, the biggest metropolis of Pakistan, its population is totally dependent on surface water, while Lahore, the second biggest city, mainly uses groundwater. Lahore?s population is served with 1.29 MAF (million acre feet) of groundwater, extracted through tube wells, hand pumps and motor pumps. A World Bank Report has revealed the ...

The Nation 2019-06-03 9:51 am

Hafeez to hold parlay with business community for finalizing upcoming budget

ISLAMABAD(APP) - Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh will visit Lahore on June 1 (Saturday) to discuss in detail matters of mutual interest with business community and seek final proposals regarding upcoming federal budget besides taking them in confidence in decision-making process for preparing national agenda for bringing about economic stability in the country. Iftikhar ...

Dunya News 2019-06-03 9:50 am

Govt urged not to impose new taxes on businessmen

HYDERABAD - The Hyderabad Chamber of Small Trade and Small Industry (HCSTSI) has advised the federal government not to introduce new taxes or increase the existing ones on the business community because the taxes will adversely affect the economy. In a statement issued here on Sunday by the chamber?s President Farooq Shaikhani said if the upcoming federal budget levied ...

The Nation 2019-06-03 9:50 am

Product Development Centre on the cards

Service like facilitate in increasing exports of composite based sports goods, prototype production, provide skilled workforce to the industry, product testing, help develop imported machinery locally and enhance productivity by providing technical consultancy service to new and existing industrial units.

The Nation 2019-06-03 9:50 am

Issue of refunds to be resolved soon, says Hafeez

Governor Chaudhry Muhammad Sarwar, Adviser to the PM on Commerce Abdul Razak Dawood, Minister of State for Revenue Hammad Azhar, Punjab Finance Minister Hashim Jawan Bakht were also present on the occasion. Lahore Chamber of Commerce and Industry President Almas Hyder led the delegation that included Dr Salman Shah, Dr Haqan Najeeb, Iftikhar Ali Malik, Shahid Hassan Sheikh, Farooq ...

The Nation 2019-06-03 9:50 am

Business community fears existing taxpayers will be ultimate sufferers

LAHORE?? -?? Expressing concerns over reports of increasing tax collection target by Rs1.6 trillion for coming fiscal year, business community feared that existing taxpayers would be the ultimate sufferers. Free fall of rupee against dollar has led to increase in cost of raw material and machinery, leading businessmen said, adding, the trend would make the life of the masses ...

The Nation 2019-06-03 9:50 am

Govt asked to set realistic tax target in next budget

ISLAMABAD ? - ? The Islamabad Chamber of Commerce and Industry (ICCI) has said that government has indicated to set tax revenue target at Rs.5.5 trillion in the budget, which seemed unrealistic. Ahmed Hassan Moughal, President (ICCI), said that government is struggling to achieve the tax collection target during ongoing fiscal year. He further said that tax target of ...

The Nation 2019-06-03 9:50 am

Union thanks Lesco for promoting eligible employees

LAHORE (PR) 88 Senior Subordinates namely Line Superintendent Grade First, Sub Station Operator Grade Second have been grateful for upgradation from BPS-15 to BPS-17 and 79 Lineman Grade First have been promoted as Line Superintendent Grade Second by the Chief Executive Officer LESCO as a result of meeting with the All Pakistan Wapda Hydro Electric Workers Union CBA and ...

The Nation 2019-06-03 9:50 am

Petrol prices: Why are they rising?

Add to that the Petroleum Development Levy (PDL), a tax collected by the central government. After the PDL is the oil marketing companies profit of Rs2- 3 per litre, the dealer's profit is an estimated Rs2-2.5, import tax is one per cent, then there are the transportation charge, which varies, and finally the General Sales Tax (GST). Before May ...

Geo News 2019-06-03 9:50 am

First flight of British Airways to land IIA today after 18 years gap

In line with the spirit of this joyous occasion, Ghulam Sarwar Khan, Minister for Aviation, Abdur Razak Dawood, Advisor to Prime Minister on Commerce, Textile, Industry and Production, Zulfiqar Hussain Bukhari, Special Assistant on Overseas Pakistanis and Human Resource Development along with Shahrukh Nusrat, Secretary Aviation, senior officials of Aviation Division, and the British High Commission ...

Pak Observer 2019-06-03 9:50 am

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