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KP PAC for reinvestigating financial irregularities in SMEDA

PESHAWAR: The Public Accounts Committee (PAC) of the KP Assembly expressed its concern over poor financial monitoring of public sector organisations and asked the Industries Department to re-investigate loaning irregularities in certain projects floated by Small and Medium Enterprise Development Authority (SMEDA). The observations were made during a meeting regarding disposing audit paras on fiscal anomalies in the projects of ... Read More »

KP govt to introduce ADCs to facilitate tax payers 

PESHAWAR: The Khyber Pakhtunkhwa (KP) government, State Bank of Pakistan (SBP) and 1-Link have signed a tripartite agreement for the collection of government taxes through Alternative Delivery Channels (ADCs) in a bid to facilitate taxpayers and simplify the tax payment procedure. The ADCs will enable taxpayers in the province to submit their taxes, particularly sales tax on services, directly from ... Read More »

Chinese govt declares KPK ‘red zone’ for investment

ISLAMABAD: The Chinese government has declared Khyber Pakhtunkhwa (KP) ‘red zone’ for investment. The decision is likely to have serious repercussions on investment in KP. The provincial government has shown concern and urged the federal government to request the Chinese government to change the decision. It was revealed in a report issued by the KP Exploration and Production Investment Board ... Read More »

KP business community urges federal govt to issue relief package

PESHAWAR: Business community of Khyber Pakhtunkhwa (KP) on Tuesday urged the federal government to announce a new fiscal relief package to revive terrorism-stricken businesses and to give a much-needed boost to the economy of the province. The businesses and industries have been adversely affected due to deteriorating law and order coupled with a growing tendency of extortion in KP. The ... Read More »