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Business
5% increase of GST on POL products challenged in LHC
The Federal government’s decision to impose an additional five percent general sales tax (GST) on prices of petroleum products (POL)…
Tough anti money laundering bill on the cards
In an attempt to bring improvements in existing laws and fix loopholes in the Anti-Money Laundering Act 2010, the government…
President declines to continue the provision of 650MW to K-Electric
President Mamnoon Hussain has declined to support the continuation of 650MW of power supply to the K-Electric company from the…
GST on POL products increased to 22%
The federal government earlier yesterday increased sales tax on petroleum products by five per cent, effectively depriving consumers of an…
PM wants generation of low-cost electricity
Prime Minister Nawaz Sharif earlier today called for gearing up efforts to generate low-cost energy in order to make it…
High tax on warehouses a hurdle to growth
High taxes on warehouses rent is retarding growth of one of the most important links in the supply chain of…
SBP reserves up by $7bn by year end
At the end of the calendar year 2014, Pakistan’s foreign exchange reserves witnessed a sharp increase of over $7 billion…
Indonesia resumes search for missing AirAsia plane
Indonesia resumed at dawn today, the search for an AirAsia plane that went missing in the Java Sea with 162…
ADB to launch 3 year business plan here
The Asian Development Bank (ADB) will launch its three-year Country Operations Business Plan (COBP) for Pakistan in January 2015. The…