sector
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CNG sector floats $2.1 billion import bill saving plan | The Express Tribune
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[ad_1] ISLAMABAD: The compressed natural gas (CNG) industry on Tuesday unveiled a plan that could save $2.1 billion in import bill by providing significantly cheaper gas for vehicles provided the government facilitated the private sector in liquefied natural gas (LNG) import. At present, government companies have monopoly over LNG import and distribution, though all necessary…
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Poultry sector demands sales tax-free status | The Express Tribune
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[ad_1] LAHORE: Pakistan Poultry Association (PPA) has asked the government to remove all duties and sales tax on the import of raw material, chemicals and machinery used in the production of primary food. The association has demanded that the government should remove sales tax on grain, meat, eggs, milk, fish, vegetables, fruits and edible oil.…
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Auto sector to see golden age | The Express Tribune
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[ad_1] BEIJING: As for the automotive industry, Pakistan is about to see a golden age of development. Chinese brands including BAIC Motor, Changan Auto and SAIC Motor have set up their assembly plants in Pakistan, said Pakistan’s Honorary Investment Counsellor in China Philip Jian. Other brands like GWM, BYD and Geely are also likely to…
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LSM sector grows 10.4% in Jul-Mar | The Express Tribune
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[ad_1] ISLAMABAD: Big industries grew 10.4% during the first nine months of current fiscal year on the back of a low base effect and better output in sugar and apparel sectors, increasing prospects of achieving around 5% overall economic growth in this fiscal year. Large-scale manufacturing (LSM) industries recorded 10.4% growth during July-March of the…
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Telecom sector calls for reducing advance tax | The Express Tribune
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[ad_1] ISLAMABAD: The telecommunication sector in its tax proposals for fiscal year 2022-23 has urged the government to reduce advance income tax (AIT) from 15% to 8%. Currently, over 193 million telecom users in the country are subjected to exorbitant taxes of 34.5% – including 19.5% goods and services tax (GST) and 15% AIT, making…
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Energy sector: possible priorities of new govt | The Express Tribune
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[ad_1] We have a new government. Many causes are being assigned to the fall of the previous one. One theory is that it lost the support of the “establishment”, while the other is that the US getting antagonised by ex-PM’s visit to Russia and then orchestrating the ouster. There is some substance in the first,…
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‘Pakistan needs to revamp seed sector’ | The Express Tribune
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[ad_1] KARACHI: Businessmen have stressed that Pakistan needed to revamp the seed sector and redefine the role of Federal Seed Certification and Registration Department (FSC&RD). In a statement on Wednesday, Pakistan Businesses Forum (PBF) Vice President Ahmad Jawad said that seed cooperation with China under the China-Pakistan Economic Corridor (CPEC) would help improve agricultural productivity.…
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LPG sector seeks reduction in prices | The Express Tribune
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[ad_1] LAHORE: Liquefied petroleum gas (LPG), which is the fuel of the poor, is currently out of their reach, as its price has increased by around 173% in the last two years, lamented LPG Industries Association Chairman Irfan Khokhar. In a statement on Wednesday, the chairman sought the newly-formed government’s support in bringing down the…
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Business community demands govt’s focus on marble sector | The Express Tribune
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[ad_1] ISLAMABAD: In order to optimise the tax collection and broaden the tax base, the government should re-introduce the fixed tax regime for the marble industry on the pattern of the tier-II retailers who pay sales tax through electricity bills, suggested Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. In a statement…
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Private sector borrowing sustains growth | The Express Tribune
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[ad_1] KARACHI: The loans given by the commercial banks to the private sector maintained growth momentum as some new sectors like leather, electric and electronics goods also enhanced borrowing after quite a long time in March which was the last month of the ousted Pakistan Tehreek-e-Insaf government in the centre. Besides, car financing geared up…
