Govt recommends Rs36.7b as development budget for finance ministry
ISLAMABAD - The federal government has recommended Rs36.7 billion as development budget for the ministry of finance that included Rs25.3 billion for tribal districts development in the next budget for fiscal year 2019-2020. Its break-up showed that the government has proposed Rs7.54 billion for the ongoing projects, Rs3.91 billion for the new projects of the ministry under Public Sector ...
Debt servicing a biggest challenge on expenditures front in upcoming budget
LAHORE - The governments? borrowing policy over the last decade has brought the country to the brink, as the debt servicing has now become the biggest challenge on expenditures front in the federal budget in the wake of huge domestic and foreign borrowings, which might cross Rs2.25 trillion at the end of the current fiscal year of 2018-19. APBF ...
Corporate corner
Taking this initiative further in order to promote the growth of Pakistan?s corporate debt market, CDC has significantly reduced its annual fee for long-term redeemable securities by approximately 65%. This is our ongoing contribution towards the development of Pakistan Capital Market.? Karandaaz, JSK Feeds join hands ISLAMABAD (PR): Improved access to finance for small businesses related to poultry industry in Pakistan ...
China set to control rare earth supply for years due to processing dominance
(Reuters) - U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks. Although, according to U.S. Geological Survey data, China contains only a third of the world?s rare earth reserves, it accounts ...
Putin Signs Law Prolonging Tax Amnesty
MOSCOW (UrduPoint News / Sputnik - 30th May, 2019) President has signed a set of laws on extending the so-called capital amnesty, according to a document published on the official legal information web portal on Thursday.
Impact of good & evil deeds — 24
?Good? simply defined in the context of religion, is any act, committed or even thought upon, with the intent to seek the good pleasure of Allah Subhanahu, on the contrary any act upon its accomplishment only, which is in defiance to the dictates of Islam is counted as evil. In Surah An Nisa while informing mankind of the traits ...
Modi’s return amid déjà vu; hopes?
Yet in the given hope against hope scenario? of friendly exchange of tweets between PM Imran Khan and Indian premier Namenda Modi, and the latest phone call from PM Khan to Modi?one might grudgingly give away the hopes that Pakistan and India could diplomatically unearth the possibility preventing the atmosphere of conflict and antagonism while exploring new initiatives of ...
Model Collectorate Customs shows tremendous performance, collects Rs17b
Amraiz Khan Lahore Model Collectorate of Customs Preventive (MCC) Lahore Preventive has showed tremendous performance by collecting Rs17 billion in the current Financial Year (FY) so far which exceeds the proportionate target by 34% and in comparison with correspondence period of last year it is 67% more. Statistics available with daily ?Pakistan Observer? revealed that the revenue collection of the ...
Groundbreaking ceremony of ‘Zameen Opal’ held Zameen Developments to deliver projects in line with highest int’l standards
The project, fully owned and being developed by Zameen Developments, will comprise modern residential apartments that offer all the facilities expected of a top-notch construction of this scale and developmental prowess. Zameen Developments is born of this desire to address the gaps in the development and construction spheres, leveraging the trust of the Zameen brand built through 13 years ...
FBR sets up desk at LCCI Assets Declaration Scheme a golden opportunity
Speaking on the occasion, Chief Commissioner LTU said that Assets Declaration Scheme 2019 is a golden opportunity that must be availed by the people. He said that any undisclosed assets, undisclosed sales and undisclosed expenditure, held of acquired up to June 30, 2019 can be declared under this scheme. LCCI President Almas Hyder said that strict rules and regulations ...
Tecno Mobile joins hands with Khubaib Foundation
Staff Reporter Haripur Tecno Mobile, a leading smartphone brand together with Khubaib Foundation, a social welfare services organization joined to support the cause of ?Providing Quality Education for Orphans? through a campaign called ?Tecno Blue Chalk.? The aim of this act of social responsibility and citizenship is to raise donations and create awareness to improve the education of Khubaib Foundation?s ...
KATI opposes discontinuing of zero rating facility
Staff Reporter Karachi President of Korangi Association of Trade & Industry (KATI) Danish Khan, Senior Vice President Faraz-ur-Rehman and Vice President Maheen Salman urged to continue zero rating facility for industry in a joint statement released by the association. He said that zero rating facility to five major industries was given to support country?s exports and now when devalued ...
GreenO opens another outlet
We have very ambitious plan and soon you will see us in all the areas of Karachi, and within a year our outlets will be opened in other cities of Pakistan as well.?PR
IMSciences to facilitate Chinese companies in CPEC projects
Staff Reporter Islamabad IMSciences in collaboration with Feiyun Culture Co., Ltd. held a Listing Ceremony of Feiyun Culture & IMSciences Industry Talent Training Base under the CPEC Industry-Government-Academia Consortium. Representatives from a range of universities and mega companies of China, including China Gezhouba Group Company Limited, China Road and Bridge Corporation Pakistan Co., Ltd., China Energy Engineering Group Guang ...
IT Park in Islamabad will be completed by 2022: PTA
Staff Reporter Islamabad First of its own kind of Information technology (IT) park in Islamabad will be completed by 2022, the officials of Pakistan Telecommunication Authority (PTA) briefed the Senate standing committee here on Wednesday. Earlier at the outset of the meeting, member PTA Dr Khawar admitted before the committee that passenger?s data acquired at the time of arrival in the ...
Petroleum Minister reviews strategies to reform PMDC
Special Assistant to the Prime Minister Nadeem Babar, who was also present at the meeting, urged the Board of Directors to ensure that PMDC must make optimum use of its existing resource base to expand its operations and make concerted efforts to tap into unexplored markets.
CDC once again reduces tariff structure
Taking this initiative further in order to promote the growth of Pakistan?s corporate debt market, CDC has significantly reduced its annual fee for long-term redeemable securities by approximately 65%.
Budget 2019-20 Debt servicing termed biggest challenge on expenditures front
Staff Reporter Lahore The governments? borrowing policy over the last decade has brought the country to the brink, as the debt servicing has now become the biggest challenge on expenditures front in the federal budget in the wake of huge domestic and foreign borrowings, which might cross Rs2.25 trillion at the end of the current fiscal year of 2018-19. APBF ...
FBR offices to remain open on May 31
Staff Reporter Islamabad Federal Board of Revenue (FBR) has issued instructions to all Large Taxpayer Units (LTUs), Corporate Regional Tax Offices (CRTOs) and Regional Tax Offices (RTOs) to open their offices on 31st May, 2019 and extend working hours till 06:00 PM on Friday to facilitate the taxpayers in payment of duties/taxes and filing of income tax returns/statements. ...
OPPO revamps brand identity
Observer Report Lahore Reiterating its commitment to consumer centric approach, leading global smartphone brand OPPO has introduced its new brand identity focusing on quality, craftmanship and uniqueness in its every detail. As a pioneer in smartphone innovations, OPPO has emerged as the fastest growing smartphone brand in the premium segment globally.
