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Daily Archives: June 13, 2013

Khyber Pakhtunkhwa Finance Department to observe fiscal Discipline

Peshawar, June 13, 2013 (PPI-OT): To observe fiscal discipline and streamline the management in public accounts, the Government of Khyber Pakhtunkhwa Finance Department has approved the following measures to be strictly observed by 30th June 2013 positively. The funds placed at the disposal of Departments/Offices are expended uniformly during the …

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Khyber Pakhtunkhwa Minister directs commissioners, deputy commissioners and Secretary to take precautionary steps for the expected floods

Peshawar, June 13, 2013 (PPI-OT): Khyber Pakhtunkhwa Senior Minister, Sikandar Hayat Khan Sherpao on Wednesday directed the commissioners of Malakand, Peshawar divisions, deputy commissioners of Charsadda and Nowshera districts and Secretary Irrigation to remain vigilant and take precautionary steps for the expected flood. He issued these directives during telephonic conversation …

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Summary of Budget 2013-14

Islamabad, June 13, 2013 (PPI-OT): RECEIPTS - SUMMARY (Rs in million) Object Description Budget Revised Budget Code Estimates Estimates Estimates 2012-13 2012-13 2013-14 Federal Consolidated Fund (5+6-10) 2,515,357 2,026,521 2,981,829 B1 Tax Revenue Receipts 2,503,575 2,124,575 2,598,075 Direct Taxes 932,000 779,100 975,700 Indirect Taxes 1,571,575 1,345,475 1,622,375 C 2 Non-Tax …

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Xpress Money launches free Door Delivery Service in Pakistan

Islamabad, June 13, 2013 (PPI-OT): Xpress Money, the world’s most dependable money transfer brand, in association with Tameer Bank, today introduced the Door Delivery Service for its customers in Pakistan, at no additional cost to the beneficiary. This pioneering service has been launched to encourage remitters residing abroad, to send …

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Increase in Sales Tax will Lead to Corruption and Underinvoicing: Pakistan Tanners Association

Karachi, June 13, 2013 (PPI-OT): Under Federal Budget 2013-14 the government has increased Sales Tax from 16% to 17% to increase its Revenue Target. But higher percentage of Tax always gives birth to malpractices such as underinvoicing and other corrupt practices. As a result the government may lose both Sales …

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