Business : AsiaNet-Pakistan

Category: Business

Tax Amendment Ordinance to promote trade: FBR

January 4, 2020 |
Federal Board of Revenue says the Tax Amendment Ordinance will promote trade and facilitate traders.According to a press release of the board, the Ordinance has made corrections in law to accommodate reasonable demands of traders.It said that since CNI... Read

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New Tax Ordinance Will Disrupt Fertilizer Supply in Pakistan

January 4, 2020 |
The Federal government has passed a Tax Ordinance on 26th December 2019, which restricts fertilizer companies from claiming input sales tax on retailing urea to unregistered dealers. The Fertilizer industry fears disruption in fertilizer supply becaus... Read More ...

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UAE Allocates $200 Million for Small and Medium Businesses in Pakistan

January 3, 2020 |
Abu Dhabi Crown Prince, Sheikh Mohammed bin Zayed al-Nahyan, has instructed the Khalifa Fund for Enterprise Development to allocate $200 million to support small and medium economic projects in Pakistan.The Crown Prince was in Islamabad where he met Pr... Read

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UAE Allocates $200 Million for Small and Medium Businesses in Pakistan

January 3, 2020 |
Abu Dhabi Crown Prince, Sheikh Mohammed bin Zayed al-Nahyan, has instructed the Khalifa Fund for Enterprise Development to allocate $200 million to support small and medium economic projects in Pakistan.The Crown Prince was in Islamabad where he met Pr... Read

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Trans-border Trade: KP Govt decides to develop Angoor Adda, Ghulam Khan

January 3, 2020 |
The Khyber Pakhtunkhwa government has decided to develop Angoor Adda in South Waziristan and Ghulam Khan in North Waziristan crossing points to promote round the clock trans-border trade with Afghanistan.The decision was made during a meeting of Khyber... Read More

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Trans-border Trade: KP Govt decides to develop Angoor Adda, Ghulam Khan

January 3, 2020 |
The Khyber Pakhtunkhwa government has decided to develop Angoor Adda in South Waziristan and Ghulam Khan in North Waziristan crossing points to promote round the clock trans-border trade with Afghanistan.The decision was made during a meeting of Khyber... Read More

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SECP Revamps IPO Regime to Make It More Simple & Less Costly

January 2, 2020 |
The Securities and Exchange Commission of Pakistan (SECP) has revamped the initial public offering (IPO) regime to make the process simple, cost-effective and efficient.The amendments in IPO Regulations 2017, have been made after thorough consultation ... Read More ...

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Consumer Inflation in Pakistan Falls to 12.63%

January 2, 2020 |
Pakistan's consumer inflation, which is measured through the Consumer Price Index (CPI), inched down to 12.63% compared to November 2018, based on the new base year (2015-16).According to data compiled by the Pakistan Bureau of Statistics, the CPI infl... Read

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FBR extends last date for filing of income tax returns

January 1, 2020 |
Federal Board of Revenue has extended the last date for filing of income tax returns and annual statement of year 2019 till 31st of this month.The date has been extended to facilitate tax payers.Meanwhile, Chairman Federal Board of Revenue Shabbar…

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FBR’s Revenue Grew 16% in First Half of FY 2019-20

January 1, 2020 |
The Federal Board of Revenue has collected Rs. 2.08 trillion revenue during the first half of the current fiscal year (July-December 2019). This was 16% higher compared with the same period last year when FBR collected Rs. 1.79 trillion.This indicates…

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Pakistan Looking to Export Luxury Light Fans to the Vietnamese Market

December 31, 2019 |
Pakistan is looking to export electric fans to Vietnam, following an increased demand for luxury light fans in resorts and hotels of the country.A Vietnamese firm, Phat Mechanical Manufacturing Company (Cophaco), has expressed interest to import light ... Read More

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Pakistan to Undertake 27 Projects Via $1 Billion Chinese Grant

December 31, 2019 |
Pakistan, with a grant of $1 billion from China will undertake 27 projects in multiple sectors including:AgricultureHealthEducationDrinking waterPoverty alleviationThe Joint Working Group on the socio-economic development of China Pakistan Economic Cor... Read More ...

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