Turnover tax halved for refineries, OMCs
The federal government has reduced turnover tax from one percent to 0.5 percent for refineries, oil marketing companies (OMCs), gas companies and any category of taxpayer having annual turnover of over Rs 1 billion. more... (BR)
Power subsidies to go by end of fiscal year 2011: IMF assured
The government has assured the International Monetary Fund that it would eliminate subsidies on power sector by end of FY11 through passing on power tariff monthly or on quarterly basis to the consumers, it has been reliably learnt.
LPG king fined millions
A private company in which high-ranking Pakistan Peoples Party leaders as well as top civil and military officers have quotas and shares has been fined heavily by the Competition Commission of Pakistan, after the company was found to be involved in violating stipulated rules of fair play. . more... (ET)
Govt urged tax free LPG import
The price of imported Liquefied Petroleum Gas (LPG) has surged by Rs12000 to hit record high at Rs95000 per tonnes as Saudi Aramco Contract price (CP) climbed by $93 to $788 in the international market..
Haroon Askari appointed KSE 'Acting Managing Director'
Haroon Askari has been ap-pointed as 'Acting Managing Director' of Karachi Stock Exchange (KSE) with immediate effect. more... (BR)