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March 06, 2016
Sindh to collect Rs50mln in taxes from event managers
KARACHI: The Sindh government eyes Rs50 million in taxes on services by first-time bringing event management companies into the tax net during the...
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February 12, 2016
PQA slaps $20mln fee for LNG terminal
KARACHI: The Port Qasim Authority will charge a fee of $20 million for issuing of no-objection certificate to an operator for setting up a...
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February 03, 2016
Sindh’s collection of sales tax on services up 32pc
KARACHI: Collection of sales tax on services by the Sindh government has increased by 32 percent to Rs33.521 billion, up by 8.119 billion during the...
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January 28, 2016
SAPT plans soft launch of deep water container port in May
KARACHI: South Asia Pakistan Terminals has planned a soft launch of a deep water container port, eyeing to bring its first vessel by the end of...
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January 25, 2016
Big plans
The Money Matters got a chance to speak to Ken Marshall, Country Manager, Oman Air,
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January 24, 2016
US pledges support to end energy crisis in Sindh
KARACHI: The United States of America will continue to help the Sindh government overcome its energy crisis, said its envoy on...
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January 13, 2016
Sindh, FBR at loggerheads over tax collection
KARACHI: Row over tax collection on services has stuck up billions of rupees since last August and officials expect dispute to rise during the year...
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January 08, 2016
Sindh’s sales tax collection jumps to Rs28bln in July-December
KARACHI: Collection of sales tax on services by the Sindh government climbed 33 percent to Rs28.45 billion during the first half of 2015/16 fiscal...
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January 02, 2016
The top gear
KARACHI: The auto industry showed a robust performance in the year 2015, and kept itself amongst the top 10 performers in 2015, posting 13 percent...
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December 12, 2015
Local vehicle sales surge 66pc in July-Nov on easy bank financing
KARACHI: Vehicles sales in Pakistan leapt 66 percent to 93,570 units in the first five months of the current fiscal year as increased supply met...
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October 22, 2015
‘Upgrading road networks, logistics must for power projects’
KARACHI: There is dire need to develop the logistics sector, particularly for the transportation of equipments needed for power projects; this was...
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October 04, 2015
PALPA-PIA row disturbs 55 scheduled flights
Pilots agreed to meet government
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September 24, 2015
IMC posts record sales,uses 100 percent production capacity
KARACHI: The year 2015 has been a positive year for the automobile sector in general and Indus Motor Company in particular as it has posted record...
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September 18, 2015
Real estate blooms as crime plunges low
KARACHI: The improved law and order situation in the city has enhanced property value, and new constructions projects have been announced. In the...
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September 16, 2015
‘PTA hiring consultant for auction of 3G, 4G spectrum’
ITCN Asia 2015 commences
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September 03, 2015
Strike piles up trade cargoes; prolonged stand-off feared
Freight forwarders, cargo agents protest
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September 02, 2015
Ports remain shut to protest against ‘unjust’ tax
KARACHI: The country’s ports, including seaports, airports, dry ports, bonded Container Freight Stations were closed on Tuesday due to the strike...
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August 23, 2015
PPMA, TDAP to discuss trade challenges
KARACHI: Pakistan Pharmaceutical Manufacturers’ Association will meet the Trade Development Authority of Pakistan on Monday to discuss...
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August 23, 2015
‘Pakistan’s auto sector can benefit from Thai model’
KARACHI: Pakistan’s auto industry can benefit from Thailand auto industry’s model to accelerate growth and strengthen its vendor base, Thailand...
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August 20, 2015
Govt support for logistics urged
KARACHI: Government support for the logistics sector in resolving the huge challenges the sector faces, can help capitalise the country’s trade...
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August 16, 2015
UAE detains Pakistani oil tanker for demurrrage
KARACHI: A Pakistani oil tanker named MT Lahore has been detained at the Dubai sea port on the orders of the UAE court. Chairman Pakistan National...
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July 31, 2015
‘Cloud computing on the rise in Pakistan’
KARACHI: Cloud computing is providing cheaper and cost effective efficient automation, data management, analysis and services to the businesses...
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July 29, 2015
Honda Atlas Cars profit surges 72pc in Q1
KARACHI: Honda Atlas Cars on Tuesday reported a 72 percent surged in its net profit in the first quarter of current financial year as sales...
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July 28, 2015
South Korea shows interest in KPT projects
KARACHI: South Korean government has expressed interest in becoming a strategic partner of Karachi Port Trust for the investment and joint venture...
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July 16, 2015
Iran deal likely to bite Pakistan’s cement exports
KARACHI: The lifting of western sanctions on Iran may cut the share of Pakistani cements in the international market as it is likely to give a boost...
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July 09, 2015
Norwegian firm to set up 150MW solar plants in Pakistan
KARACHI: Solar panel maker Nizam Energy said it would partner with Norwegian developer Scatec Solar ASA to build a solar power project in Pakistan...
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July 07, 2015
Telecos demand Sindh, KP to withdraw GST on internet
KARACHI: Telecom operators demanded from the provincial governments of Sindh and KP to wave off General Sales Tax on internet and data services...
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June 26, 2015
PIA to acquire two Boeing 767-300ER for Hajj operations
KARACHI: The Pakistan International Airlines has started negotiations with the Mega Maldive Airlines on a wet lease arrangement for acquiring two...
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June 12, 2015
Telecom operators urge govt to withdraw internet tax
KARACHI: Telecom companies on Thursday, while criticising the imposition of tax on internet, threatened to stop their expansion plan if the...
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June 12, 2015
Vehicle sales surges 30pc in 11 months of FY15
KARACHI: Vehicle sales in Pakistan shot up almost 30 percent to 162,151 units in first eleven months of the current fiscal year, reinforcing signs...
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June 07, 2015
‘Microsoft Lumia Windows smartphones sales growing significantly’
KARACHI: Microsoft Lumia Windows smartphones sales are growing significantly in Pakistan with the activations of Lumia more than tripling in the...
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May 30, 2015
‘Better policies, greater choice, more business’
Indus Motor Company CEO Parvez Ghias talked to The News about the upcoming auto policy, the past policies, and the fall in local demand for...
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May 29, 2015
KPT signs MoU with Guangdong Transport
KARACHI: The Karachi Port Trust and Guangdong Transport Department, China signed a memorandum of understanding on Thursday for strengthening...
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May 28, 2015
Govt earmarks Rs45mln for seafood certification facility in Gwadar
KARACHI: Government has allocated Rs45 million to set up a seafood certification facility at Gwadar seaport to speed up fisheries exports from the...
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May 24, 2015
Govt should focus on direct tax collection: experts
KARACHI: The government should focus on improving collection of direct taxes instead of pressurising the masses through indirect taxes, experts said...
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May 17, 2015
Warid invests in infrastructure to increase market share
KARACHI: Warid Telecom is determined to improve its infrastructure to increase its market share in the telecom sector of Pakistan, its official...
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May 15, 2015
Honda Atlas earns Rs3.2bln on rupee appreciation
KARACHI: Honda Atlas Cars Limited recorded a net profit of Rs3.162 billion for the year ended March 31st, up staggering 194 percent over the last...
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May 13, 2015
Government plans free trade zone in Gwadar
KARACHI: The government is planning to set up a free trade zone at the Gwadar port of Balochistan, a top official said. “We are in the process of...
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May 09, 2015
Gwadar port to berth 1st private vessel next week
KARACHI: Gwadar Port will berth the first private container vessel on the coming Monday , an official said on Friday. It will be the first reefer...
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April 28, 2015
Yamaha invests Rs5.3bln in new plant, eyes 400,000 units by 2020
KARACHI: Japanese motorcycle maker Yamaha has invested Rs5.3 billion to set up its new production plant in the port city of Karachi, eyeing to...
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April 22, 2015
PNSC on $50 million oil tankers buying spree
Order for two vessels planned
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April 16, 2015
PTCL Q1 profit falls 84 percent, lags forecast
KARACHI: Pakistan Telecommunication Company Limited , the country’s largest phone service provider, on Wednesday reported an 84 percent fall in...
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April 10, 2015
Tyres smuggling render billions of rupees losses
KARACHI: Tyres smuggling continues unabated, incurring billions of rupees in annual losses to national exchequer and impeding growth of local...
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April 09, 2015
Youth urged to choose IT career
KARACHI: There is a shortage of information technology engineers in Pakistan and youngsters should consider choosing IT as career, said an expert at...
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April 03, 2015
IMC supports new entrants to encourage competition
KARACHI: A leading automobile maker Indus Motors Company is in favour of new entrants to promote competition in the industry, said its top...
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March 22, 2015
‘Internet infrastructure spurs broadband demand’
Wasim Ahmad is the chief executive officer at wi-tribe Pakistan, a subsidiary of Qatar-based internet services provider firm. In an interview with...
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March 21, 2015
Gwadar Port holds potential to facilitate foreign trade: official
KARACHI: Gwadar port has huge potential to facilitate international trade and development of China-Pakistan economic corridor, said a top official...
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March 19, 2015
Drop in auto registration costing Sindh govt Rs100m daily
KARACHI: Sindh government is losing Rs100 million daily on account of registration and transfer fee because of the new tax regime applicable since...
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March 18, 2015
Cost efficiency to determine shipping lines profitability
KARACHI: The global shipping industry continues to be characterised by overcapacity. The shipping industry has been battling overcapacity since the...
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March 13, 2015
SBP to increase m-wallets to 50m in five years: Wathra
KARACHI: The State Bank of Pakistan has developed a strategy, in collaboration with the World Bank, to bring the total number of mobile bank...
