LAHORE (June 22, 2009): Punjab government has won the hearts of people by presenting a balanced, people-friendly and tax-free budget in difficult times. Chairman Standing Committee for Finance Punjab, Sardar Khalid Saleem Bhatti said while talking to a delegation of MPAs at his residence here on Sunday.
Federal, provincial budgets anti-poor: PEW.
Federal, provincial budgets anti-poor: PEW.
ISLAMABAD (June 22, 2009): The Pakistan Economy Watch (PEW) has said that the recently presented federal and provincial budgets have proved that our leaders are least concerned about welfare of masses or stability of the economy. Rich have again escaped taxation while poor were cornered.
Demand to set up cities for sports goods, surgical instruments.
Demand to set up cities for sports goods, surgical instruments.
SIALKOT (June 22, 2009): Local exporters had appealed the Federal and provincial governments to set up "Sports goods and Surgical instruments cities" to facilitate the SMEs of this export-oriented city and hub of cottage industry as well as to recognise the services and importance of Sialkot, which was earning valuable foreign exchange.
KPT outlines plan for cargo village and industrial park.
KPT outlines plan for cargo village and industrial park.
KARACHI (June 22, 2009): The Karachi Port Trust plans to develop the western backwaters of the Karachi Port as a "Cargo Village and Industrial Park." This decision has been based on a feasibility study including master plan prepared for the proposed project in 2004.
Withdrawal of sales tax on diesel engines, spare parts welcomed.
Rs 24 billion paper guarantees to be floated to bail out oil and power sectors.
Withdrawal of sales tax on diesel engines, spare parts welcomed.
Lahore (June 22, 2009): The former central chairman of Pakistan Hardware Merchants Association (PHMA) Haji Muhammad Asif has welcomed withdrawal of sales tax on diesel engines and spare parts as it would benefit the textile and sugar industries.
ISLAMABAD (June 21, 2009): The government has decided to bailout budgetary imbalances of the oil and power sector due to circular debt by floating Rs 24 billion paper guarantees by the Finance Ministry next week, it is reliably learnt on Saturday. The Finance Ministry has calculated that the total accumulated impact of this paper injection would be Rs 79 billion in terms of circular debt reduction.
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