FBR shows increased tax payers by 34% in FY17-18

FBR shows increased tax payers by 34% in FY17-18

ISLAMABAD: The number of tax payers in the country has increased by 34% in year 2017-18, media sources reported on Friday. This was disclosed in a tax diary issued by Pakistan’s premier tax collection body, the Federal Board of Revenue (FBR). According to the chairman FBR, revenue of the body...

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NEPRA hikes power tariff by Rs1.80 per unit

NEPRA hikes power tariff by Rs1.80 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday continued to express concern over fuel mix management but allowed an increase of Rs1.80 per unit in consumer tariff for ex-Wapda distribution companies (Discos) for a month on account of fuel cost adjustment. The authority directed power distribution companies to...

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Indian farmers: No tomatoes for Pakistan post Pulwama attack

Indian farmers: No tomatoes for Pakistan post Pulwama attack

We absolutely have no idea what more will happen across the border in retaliation of the Pulwama terror attack that killed about 50 personnel of the Indian army in the Indian occupied Kashmir. While the press and government in India are constantly trying to isolate Pakistan by all means, and...

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SME finance by banking industry achieves historic high of over half-a-trillion rupees

SME finance by banking industry achieves historic high of over half-a-trillion rupees

SME financing by banks in Pakistan has first time crossed the milestone of Rs 500 billion. SME financing was recorded at Rs 513 billion at the end of CY 2018 compared to Rs 450 billion in the corresponding period last year, exhibiting growth of 14 percent. The growth in SME...

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Honda UK plant at risk, employees fear loss of job

Honda UK plant at risk, employees fear loss of job

Japanese car giant Honda is expected to announce that it will close its plant in southwest England in 2022, putting 3,500 jobs at risk, according to media reports on Monday. The carmaker is due to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still,...

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PIA and Sahulat Wallet enter into an agreement to promote PSL

PIA and Sahulat Wallet enter into an agreement to promote PSL

KARACHI: As part of the  ‘Maidaan Sajana Hai’ campaign, the Pakistan International Airlines (PIA) and ‘Sahulat Wallet’ entered into an agreement to facilitate cricket lovers to watch Pakistan Super League (PSL) matches in the United Arab Emirates (UAE), media sources reported. Sahulat Wallet Saqib Chaudhry and PIA Brand Manager Amir...

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Deposit Protection Corporation becomes a member of International Association of Deposit Insurers

Deposit Protection Corporation becomes a member of International Association of Deposit Insurers

The Secretariat of International Association of Deposit Insurers (IADI) announced on February 11, 2019 that its Executive Council has decided to admit Deposit Protection Corporation (DPC), State Bank of Pakistan as IADI Member. DPC is 84th member of the global body of deposit insurers whose objective is to contribute to...

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Notices issued to OGRA and HDIP regarding proper mechanism

Notices issued to OGRA and HDIP regarding proper mechanism

KARACHI: The Sindh High Court on Thursday issued notices to officials of the Oil and Gas Regulatory Authority (Ogra) and Hydrocarbon Development Insti­tute of Pakistan (HDIP) after it was told that no proper mechanism was in place to check and verify the CNG and LPG kits being used in vehicles....

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Gold gains as dollar slips

Gold gains as dollar slips

BENGALURU: Gold steadied on Wednesday as the dollar slipped from a two-month peak on hopes of a trade deal between the United States and China, with the metal’s gains capped by rising global stock markets. Spot gold was up 0.1% at $1,311.65 per ounce, as of 1108 GMT, while US...

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PSL Special: PIA announces daily flights to facilitate PSL fans

PSL Special: PIA announces daily flights to facilitate PSL fans

KARACHI: The Pakistan International Airline (PIA) has announced to operate daily flights to the cities hosting the Pakistan Super League (PSL) matches this season, media sources reported. The national flag carrier also announced to provide travel facilities to PSL fans within the cities, including Abu Dhabi, Dubai, Sharjah, Lahore and...

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