Wednesday , October 16 2019
Breaking News
Home / Tag Archives: National Assembly

Tag Archives: National Assembly

National Assembly plans to increase tax impose on firms use natural resources

natural resources

HANOI: The National Assembly plans to increase the tax imposed on enterprises exploiting natural resources but local enterprises have suggested to the state to consider the timing for applying new rates. The domestic enterprises expressed their opinion during a meeting convened on Tuesday by the Viet Nam Chamber of Commerce and Industry to elicit the opinion of local firms regarding ... Read More »

Senate, National Assembly attempt to resolve revenue bill standoff

senate

NAIROBI: The Senate and the National Assembly are rushing against time to resolve a standoff over the changes made to the Division of Revenue Bill, 2015, which determines how to share the national cake between the levels of government. Parliament has only one week to pass the Bill and meet the April 30 constitutional deadline, failure to which both levels ... Read More »

Interpol hunts Kuwaiti trader accused of several fraud

Interpol-Ransomware

KUWAIT CITY: Kuwaiti Interpol Department is in search of the Kuwaiti businessman who is involved in several fraud, stealing cases and stealing money from dozens of people under false pretexts. According to sources the Kuwaiti authorities have handed over the issue to Kuwaiti Interpol to arrest him and hand him over for trial in Kuwait. According to reports the fugitive ... Read More »

132kv grid opened in F-16 sector: Minister says no extension in 650MW supply contract with K-Electric

Abid Sher Ali

ISLAMABAD: Minister of State for Water and Power Abid Sher Ali declared that the government will not grant any extension to the 650 megawatt supply agreement with K-Electric. However, if it happens so, new condition will be added to it. The agreement is set to be expired on Jan 26. Talking the media after inauguration of 132-kilovolt grid station of ... Read More »

1,500 to 2,000MW of power by May: NA told Power System Expansion Plan penciled to eliminate outages by 2018

Abid Sher Ali

ISLAMABAD: Minister of State for Water and Power Abid Sher Ali claimed that 1,500 to 2,000MW of electricity will be added to the system by May this year. He said that a National Power System Expansion Plan (NPSEP) had been prepared with the aim to doing away with the power loadshedding by 2018. Replying questions of the lawmakers at National ... Read More »

NFML wants urea import on USC pattern as country needs 3.086m tonnes

Urea

ISLAMABAD: The National Fertilizer Corporation Limited (NFML) has suggested to the government to allow import of urea and DAP fertilizer pattern on the Utility Stores Corporation (USC) which has been permitted to procure sugar from sugar mills. Managing Director of NFML, a subsidiary of the Ministry of Industries and Production, Waseem Mukhtar made the suggestion while briefing sub-committee of National ... Read More »

0.6m tons required for Rabi: NFML seeks urea, DAP import pattern on USC

Urea

ISLAMABAD: The National Fertilizer Corporation Limited (NFML) has suggested to the government to allow import of urea and DAP fertilizer pattern on the Utility Stores Corporation (USC) which has been permitted to procure sugar from sugar mills. Managing Director of NFML, a subsidiary of the Ministry of Industries and Production, Waseem Mukhtar made the suggestion while briefing sub-committee of National ... Read More »

FBR wants amendments in Anti-Money Laundering Act 2010

FBR

FBR has moved list of recommendations and it is now up to government and parliament to amend Anti-Money Laundering Act 2010   ISLAMABAD: The Federal Board of Revenue (FBR) has moved a list of amendments to include fiscal offences in the Anti-Money Laundering Act 2010. “Now it is up to the government and parliament to amend the requisite Anti-Money Laundering ... Read More »

Afridi tells NA cotton support price raised to Rs 3,000

National Assembly

ISLAMABAD: Federal Minister for Textile and Industry Abbas Khan Afridi told the National Assembly that the government had announced Rs 3,000 per 40-kg support price for cotton. During the question hours in the House, the minister informed that the Trading Corporation of Pakistan (TCP) had been directed to purchase cotton from the farmers at the rate of Rs 3,000 per ... Read More »

PIA restructuring plan in the offing: State Minister

PIA

ISLAMABAD: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmad on Thursday informed the National Assembly that restructuring plan of the Pakistan International Airlines (PIA) through strategic partnership is on the cards. He said Privatization Commission has been given the task to pursue privatization of national airline by divesting 26% of its shares. This would save the airline from losses ... Read More »

Delays in Nandipur power project cause over Rs113b loss

Nandipur power project1

ISLAMABAD: Delay in the 425MW Nandipur power project have caused a huge loss of more than Rs113 billion to the national exchequer. This was disclosed by Federal Minister for Water and Power Khawaja Asif in the National Assembly while replying to questions raised by Pakistan Muslim League-Nawaz’s Shaista Pervaiz. In a written reply, the minister said that a judicial commission, ... Read More »

Traders form committee on SRO-608  

FBR SROs

ISLAMABAD: Owners of hotels, restaurants, departmental stores and retail businesses have formed a committee regarding SRO 608. The committee will meet Finance Minister Ishaq Dar and discuss their reservations with him on Friday. A meeting was held in this regard in the Islamabad Chamber of Commerce and Industry, but no office-bearer of the chamber showed up. Only those traders who ... Read More »

Dar to present report on SECP statement of accounts to NA

secp

ISLAMABAD: The Finance Ministry has received the annual report on statement of accounts of the Securities and Exchange Commission of Pakistan SECP) for fiscal year 2012-13. “The annual report on SECP statement of accounts is certified by the auditors” a Finance Ministry official told Customs Today while seeking anonymity here. The official informed that Finance Minister Ishaq Dar would present ... Read More »

NA asks Finance Ministry to submit list of loan defaulters

National Assembly

ISLAMABAD: The National Assembly has asked Finance Ministry to provide the list of loan defaulters and reasons for waiving off their loans of Rs 10 million or above during 2008 to 2012. The demand of providing the list of loan defaulters and immunity given to them was forwarded by PTI Member National Assembly (MNA) Junaid Akbar from Malakand. PPP was ... Read More »

Dar concedes cartels operating in several sectors

Dar4

ISLAMABAD: Finance Minister Ishaq Dar informed the National Assembly that many industries and sectors in the country have formed cartels with the view to obtain undue economic advantage “at the cost of their consumers.” Ishaq Dar was responding to a question put up by PTI’s Dr Shireen Mazari on the floor of the National Assembly. Dr Mazari asked if it ... Read More »

Dar unveils package to jack up exports

Dar19

ISLAMABAD: Finance Minister Ishaq Dar extended support package to cover nine value-added non-textile products to boost exports. The announcement is expected to accelerate exports to European countries under the GSP Plus status. Winding up his budget speech, Dar said that drawback for local taxes and levies is to be given to exporters on FoB value of their enhanced exports if ... Read More »

Govt mulls steps: Dar tells NA $200b of Pakistan in Swiss banks

ishaq-dar2

ISLAMABAD: Finance Minister Ishaq Dar staggered the National Assembly while revealing that at least $200 billion of ‘Pakistani money’ was stashed away in Swiss banks. In a written reply, Dar told the house that the government was engaging with Swiss authorities to get to the money, hidden away by various Pakistani nationals. In a detailed response to a question raised ... Read More »