Friday , April 16 2021
Breaking News
Home / Author Archives: Mati ur Rehman (page 5)

Author Archives: Mati ur Rehman

23k may extend Rs1m fine: NA body for redrafting Foreign Exchange Regulation (Amendment) Act 2014

ISLAMABAD: Showing concerns over the poor drafting of the Foreign Exchange Regulation (Amendment) Act 2014, the National Assembly Standing Committee on Finance and Revenue directed the government to redraft the bill. Met under the chair of Omar Ayub Khan, the committee discussed the Act. Secretary Finance Dr Waqar Masood briefed the committee with regards to the basic features of Foreign ... Read More »

IRS, Customs, ex-cadre officers directed to timely submit Performance Evaluation Reports

ISLAMABAD: The Inland Revenue (IRS), Pakistan Customs Service (PCS) and ex-cadre officers have been directed to submit their Performance Evaluation Reports (PERs) as per the schedule. According to the schedule, Reporting Officer will have to submit report by 20th July, and Countersigning Officer by 31st July. However, the notifications said that PERs of a large number of officers not only ... Read More »

Naheed Azhar relinquishes charge as Commissioner-IR OPS

ISLAMABAD: Naheed Azhar, an Inland Revenue Service officer of BS-19, has relinquished the charge of the post of Commissioner (Inland Revenue) OPS, Large Taxpayers Unit, Karachi. Meanwhile, performance allowance (equivalent to 100% of basic pay) in respect of Muhammad Zia-ul-Haq, (IRS/BS-18), presently posted as Deputy Commissioner, Regional Tax Office, Faisalabad, has been restored from November 18, 2014. Read More »

Superintendent retired

ISLAMABAD: Syed Hassan Askari Rizvi, BS-16 Officer of Customs Department, presently posted as Superintendent, Model Customs Collectorate of Appraisement, Lahore, will stand retired from Government Service with effect from May 24, 2015 on attaining the age of superannuation. Read More »

Pak rupee further dips in open market to reach 102.75

KARACHI: The Pakistani rupee Wednesday further down against US dollar in open market, however it remained firm in interbank. As per the local currency market, the US dollar gained 10 paisas in open market to stand at 102.75 and remained unchanged in interbank at 101.50. On Tuesday, the greenback added 25 paisas in open market to reach 102.65, and remained ... Read More »

Under Companies Ordinance 1984: PDFL to be made functional

ISLAMABAD: Federal Finance Minister Ishaq Dar, during the second meeting of Pakistan Development Fund Ltd (PDFL), has been told that all requirements have been completed to make the Fund functional and fully compliant with the Companies Ordinance 1984. The documents were under submission to the Securities and Ex­­change Commission of Pakistan (SECP) for grant of licence as Non-Bank Finance Companies ... Read More »

Discos to sell Rs30-33m energy/month: NTDCL replaces two 250 MVA transformers at 220Kv grid stations

LAHORE: With the aim to improve voltage profile and to eliminate tripping, the National Transmission and Despatch Company Limited (NTDCL) has changed two 250 MVA transformers at 220Kv grid station Bahawalpur and 220Kv grid station Burhan near Hasan Abdal. According to the NTDCL spokesman, the transformers were replaced to increases voltages and to get rid of tripping and loadshedding in ... Read More »

$1m death compensation, $0.3m for spouse: GM claims 67, independent fund reports 113 deaths due to faulty switches

NEW YORK: General Motors has claimed that at least 67 people have died owing to defective ignition switches in its vehicles as, while the GM independent compensation fund has said that 133 death claims remained under review. The death toll stood at 64 a week ago as the fund processes compensation claims for fatalities and injuries linked to the faulty ... Read More »

75,000 bags seed bags at 1200 outlets: Minister directs PSC to decrease certified cotton seed price by Rs1,000/bag

LAHORE: Provincial Minister for Agriculture Dr Farrukh Javed has directed the Punjab Seed Corporation to decrease price of certified cotton seed by Rs1,000 per bag. The corporation will provide 75,000 bags of certified seed to farmers at 1200 outlets of registered dealers besides at its own 16 sales points at reduced price in the province. The minister said that reduction ... Read More »

Trade deficit falls by 20% to $1.461b, exports surge by 14.06%, imports by 0.54% in July-Jan 2014-15

ISLAMABAD: Services trade deficit has reduced by 20.01 per cent as exports increased by 14.06 per cent and imports surged by 0.54 per cent during first seven months of ongoing financial year 2014-15. According to the Pakistan Bureau of Statistics (PBS) data, the trade deficit during July-January the period was recorded at $1.461 billion as compared to the deficit of ... Read More »

$3b Iran gas pipeline, 3,600MW KBD: Govt urged to initiate mega project to overcome energy crisis

ISLAMABAD: Islamabad Chamber of Small Traders Patron Dr Shahid Rasheed Butt has urged the government to tackle energy crisis by initiating mega projects like [$3 billion] Iran gas pipeline deal and [3,600 megawatts] Kalabagh dam. He emphasised that these two projects are guarantee of Pakistan’s bright future, however, several intellectuals and politicians haven’t realised it yet. “We should stop digging ... Read More »

Pak rupee depreciates by 25 paisas to 102.65 in open market

KARACHI: The Pakistani rupee Tuesday depreciated against US dollar in open market, however it continued to remain steady in interbank. As per the local currency market, the greenback gained 25 paisas in open market to reach 102.65, and remained unchanged at 101.50 in interbank. On Monday, the American dollar gained 5 paisas in open market to close at 102.40 and ... Read More »

Two Deputy Directors I&I-IR, -Customs assume charge

ISLAMABAD: Mazhar Iqbal, an Inland Revenue service officer of BS-18, has assumed the charge of the post of the Deputy Director, Directorate General Intelligence & Investigation-IR (I&I), Islamabad. The officer relinquished the charge of the post of Secretary (Taxpayers Audit), FBR (HQ), Islamabad. Meanwhile, Amjad Hussain Rajper, a Pakistan Customs Service officer of BS-17, assumed the charge of the post ... Read More »

5 sectors under SRO 1125: LCCI asks FBR chief to direct RTO Lahore to accept refund claims

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Ijaz A Mumtaz has asked Federal Board of Revenue (FBR) Chairman Tariq Bajwa to take notice of non-acceptance of refund applications from five sectors covered under SRO 1125 by Regional Tax Offices Lahore. The LCCI president said that all other RTOs in the country had been processing refund applications under Rule ... Read More »

20.4% share in market, 74.8m handsets sold: Apple retakes smartphone throne from Samsung

Read More »

Customs officer promoted to BS-18

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification of a Pakistan Customs service (PCS) officer’s promotion to BS-18. Nazia Saleem (PCS/BS-17), presently posted as Assistant Director, Directorate of Reforms and Automation (Customs), Karachi, has been promoted to BS-18 on temporary basis against DTL vacancy in her Group with immediate effect. According to the notification, the officer, if drawing performance ... Read More »

Rs600 million target: CDA collects Rs485m in FY214

ISLAMABAD: Capital Development Authority’s (CDA) may achieve its annual revenue target of Rs600 million as the Authority’s Directorate of Municipal Administration has earned Rs485 million revenue during the fiscal year 2014. According to Director General of DMA Hamza Shafqaat, the authority has generated this revenue through different modes like Melody Food Park, Munal Restaurant, and auctions of parking of F-9 ... Read More »

Tanker with 65,000 tons oil reach Karachi Port: PSO claims uninterrupted petrol supply

ISLAMABAD: Pakistan State Oil (PSO) has claimed that the uninterrupted supply of petroleum products is continuing to all the filling station in the country in wake of reduction in POL prices. A PSO spokesperson said that the supply situation has become normal after import of additional furnace oil. He said smooth supply of furnace has also been ensured to the ... Read More »

100% recovery ratios in SME: Dar briefed on Pak-Brunei investment plans

ISLAMABAD: Pak-Brunei Investment Company Managing Director Ayesha Aziz has briefed Federal Finance Minister Ishaq Dar on present investment financing profile and immediate future plans. According to a press release, Pak-Brunei Investment Company is an investment finance company established as a joint venture between government of Pakistan and Brunei Investment Agency (BIA) that commenced operations in August 2007. Managing Director Ayesha ... Read More »

200 traders, industrialists to participate: Pak-America trade expo from May 23 in Washington

KARACHI: Pakistani and American governments are trying to further boost economic ties and for this purpose, a Pak-American Trade Expo is being held at National Convention Center Washington DC, with slogan ‘Trade, not Aid’. Vision Media Group LLC CEO Hassan Jalil, addressing a press briefing, said that the five-day Pak-American Trade Expo would be held from May 23-27, 2015, in ... Read More »