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After 2 failures, govt sets another ambitious growth target

PAR May 21, 2015 0

After missing GDP growth target in consecutive two years, the PML-N government has once again set an ambitious growth target of 5.5 percent for the ne...

MPs demand pro-growth budget

PAR May 21, 2015 0

With next year’s revenue target set at Rs 311b and PSDP at Rs 580b, GDP growth target set at 5.5pc PML-N’s Daniyal Aziz says Finance Ministry sabot...

Banks disbursed Rs368.7 billion in agriculture credit during the first 10 months of the current fiscal year, which constitutes 73.7% of the annual target of Rs500 billion.

PAR May 21, 2015 0

According to latest data released by the State Bank of Pakistan (SBP), the agriculture credit provided in July-April was 28% higher than the disbursem...

Pakistan Weather Updates As on 19th May 2015

PAR May 21, 2015 0

Synoptic Situation: Yesterday’s westerly weather system lying over upper parts of the country today lies over its upper and central parts and is likel...

Wagha LFU collects only Rs 34 million as taxes on imports in 15 days

PAR May 20, 2015 0

LAHORE: Pakistan has collected Rs 34 million as taxes in the first 15 days of May, while total taxes to the tune of Rs 137.4 million were collected in...

FBR to scrutinise income tax returns filed by Axact from 2009 to 2015

PAR May 20, 2015 0

KARACHI: The Federal Board of Revenue (FBR) has constituted a special team comprising officials of Regional Tax Officers (RTO) in order to scrutinise...

Post Clearance Audit detects violation of customs rules in 12 cases

PAR May 20, 2015 0

KARACHI: The Customs Directorate of Post Clearance Audit (PCA) has detected 12 cases pertaining to the violation of customs rules and SROs and made au...

Faisalabad: Investigation & Prosecution Unit recovers millions of rupees sales tax

PAR May 20, 2015 0

FAISALABAD: The Investigation and Prosecution Unit of the Regional Tax Office, Faisalabad, was established in March, 2013, at the Second Floor of the...

Budget 2015 outlook

PAR May 20, 2015 0

Broad contours of FY15 budget highlights discussed with the IMF shows that fiscal consolidation efforts will continue in the upcoming fiscal year as w...

Sarwar suggests policies, allocations in PTI’s pre-budget points

PAR May 20, 2015 0

LAHORE: Former governor Chaudhry Sarwar has stressed the government prepare fiscal budget 2015-16 while properly considering requirements to win the w...

Index extends overnight losses

PAR May 20, 2015 0

KARACHI: Shares could not shrug off jitters over budget uncertainties and drifted down by 156.51 points (0.48 per cent) on Tuesday to 32,729.55. Fore...

2015-16: APBF gives proposals for ‘business-friendly’ budget

PAR May 20, 2015 0

LAHORE: Stress on investment in energy solutions and enforcement of law and order topped the proposals presented by the All Pakistan Business Forum (A...

Barbs fly in PA on last day of budget proposal discussion

PAR May 20, 2015 0

KARACHI: The Sindh Assembly on the last day of a general discussion on budget proposals witnessed commotion when the finance minister’s remarks that t...

Lahore: RTO-I lodges cases against six steel mills on tax evasion

PAR May 19, 2015 0

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I (RTO-I) has registered cases against six steel mills in Lahore on charges of tax evas...

Lahore: RTO-I arrests another accused in Rs 240 million tax evasion

PAR May 19, 2015 0

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I (RTO-I) team has arrested owner of Alfaisal Exports when he was attempting to transfe...