Important Business News
5 February, 2018
PM inaugurates Golen Gol Hydropower Project
Prime Minister Shahid Khaqan Abbasi on Sunday inaugurated the Golen Gol Hydropower Project in Chitral. The project will add 36 megawatt of electricity to the national grid.
1Q provincial development spending declines by 7.4pc
The provincial development spending fell 7.4 percent during the first quarter (July-Sep) of fiscal year (FY18). The trend is against the persistent increase recorded during three previous years.
|International Business News|
Iran irked by IP pipeline project delay
Iranian Petroleum Minister Bijan Zangeneh announced Sunday Iran is to begin legal proceedings against Pakistan in a protracted IP gas pipeline project.
Sri Lanka eyeing longer talks with China on FTA
Sri Lanka wants a longer-time period to negotiate a free trade agreement with China as it is concerned about the economic impact of a rushed deal on their small country, the Sri Lankan ambassador said on Sunday.
Sales tax on services
Sindh government, the trailblazer in this regard, registered a growth of 17 percent with respect to collections under sales tax on services during the past seven months and a whopping 47 percent during January 2018 – from 6 billion rupees collected in January 2017 to 9.5 billion rupees collected in January 2018. Chairman Sindh Revenue Board (SRB) Khalid Mehmood claimed that the rise in collections was due to the recovery of outstanding arrears as well as widening the tax net to include those who had hitherto been avoiding paying the sales tax.