ISLAMABAD, (UrduPoint / Pakistan Point News – 7th Jul 2018): The caretaker government on Saturday decided to revise down the petroleum prices and new prices would be effective from July 08, 2018. Minister for Energy Syed Ali Zafar said in a statement that the federal government had decided to reduce petroleum prices in order to…
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“Pakistan Horticulture Vision 2030 (PHV) will help the government put country on a path of development, it will especially improve the agriculture sector,” said Waheed Ahmed, Patron -in -Chief of All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) on the curtain-raising ceremony of Pakistan Horticulture Vision 2030. Sindh Caretaker Agriculture Minister Khair…
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ISLAMABAD: The Collectorate of Customs Lahore is all set to manage Rs200 million worth scandal of 14 luxury V8 Land Cruisers and Pajero vehicles which were confiscated by the collectorate seven months earlier, it has been learned. Well-informed sources disclosed to Pakistan Today that the Customs department in Lahore will soon manage a Rs200 million…
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ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July 1, 2018, a letter with the tax authorities in Lahore claims that the vehicles below 1000cc are exempted from the new condition. The letter of the Directorate of Excise and Taxation, Lahore, which…
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ISLAMABAD/KARACHI: Ministry of Finance, Economic Affairs, Statistics and Revenue on Tuesday issued a notification allowing the import of vintage and classic cars and jeeps manufactured before January 01, 1968, at a flat rate of $5,000 irrespective of engine capacity. Read More:Chinese electric car manufacturers eye Pakistani market As per the SRO 833 (1)/2018 of Ministry of…
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The Federal Tax Authority, FTA, has revealed details of updates to its electronic services, e-Services, which have been designed to provide a greater number of facilities for customs clearance companies that operate under its approval. The authority says that the new developments have been introduced to simplify registration procedures and enable easy submission of tax…
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ISLAMABAD: Consumers of petroleum products in Pakistan are expected to pay Rs48 billion in taxes in just 18 days of the current month since the caretaker government revised retail prices upwards. In particular, taxes are very high on petrol and diesel that are widely consumed and have a direct impact on inflationary pressures. Also Read:…
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Inter-connectivity within the global market, exponential advancement of innovative technologies as well as their early adaptation have transformed most industries, including all businesses worldwide. That is how concepts like financial technologies (Fin Tech), Artificial Intelligence (AI), Internet of Things (IoT), and Deep Learning (DL) have given birth to the Fourth Industrial Revolution (4IR). These disruptive…
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China has lent Pakistan $1 billion to boost the South Asian country’s plummeting foreign currency reserves, two sources in Pakistan’s finance ministry told Reuters, amid growing speculation of another International Monetary Fund bailout. The latest loan highlights Islamabad’s growing dependence on Chinese loans to buffer its foreign currency reserves, which plunged to $9.66 billion last…
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According to Pakistan’s Federal Bureau of Statistics, the Pakistan cement industry earned a foreign exchange revenue of $20.78 million by exporting 446,741t of cement in May 2018 compared to $19.147m on 404,898t of cement in the previous month (April). This represents a month-on-month (MoM) growth of 8.6 per cent and 10.3 per cent in terms of…
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