Business
Mafia creating artificial shortage of wheat, flour: Dr Firdous
Karachi, January 20, 2020: Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said a mafia is creating artificial shortage of wheat and flour by purchasing the commodities from local markets in a bid to whiten their black money. Addressing a news conference here on Sunday, she said…
FBR clarification on amendment In Section 73(4) of sales tax Act, 1990[STA]
Karachi, January 18, 2020: The FBR issued Sales Tax General Order [STGO] 01 of 2020 dated 16th January 2020, whereby it has clarified the anomalies surfaced due to amendments made in Section 73 of STA through Tax Laws (Second Amendment) Ordinance 2019, the main purpose of which was to bring major distributors/retailers into documented regime….
SSGC has not kept its promise to restore adequate gas supply with required pressure
Karachi, January 17, 2020: It is a great apathy and irony that SSGC has not kept its promise to restore adequate gas supply with required pressure to the Industries of Karachi which was decided in the negotiations and dialogue held with the MD SSGC subsequent to peaceful protest of industries functioning in seven industrial zones…
PSX closed at an increase of 103pts
Karachi, January 17, 2020: PSX market remained volatile throughout the day, making an intraday high of +151 and an intraday low of -48 points, to finally close at 43,167, up 103 points from yesterday’s close. Daily traded value stood at US$41 million, while volume stood at 211 million shares, down 4 percent. Major contribution to…
Faisalabad SEZs to create 70,000 new jobs in one year
Islamabad, January 17, 2020: The recently launched Special Economic Zone (SEZ) under China Pakistan Economic Corridor (CPEC) in Faisalabad would create around 70,000 new jobs within a year while it will also absorb as many as 400,000 skilled workers in four years. According to the estimates of Faisalabad Industrial Development and Management Company (FIEDMC), more…