Lack of storage facilities, quality seeds, pesticides affect vegetable yield
Lack of storage facilities, quality seeds, pesticides and above all water have affected production of vegetables, which have great potential to contribute substantially to national economy by earning foreign exchange and creating new jobs.
Five leading export sectors: FBR to slap 15 percent ST on power, gas consumption
The Federal Board of Revenue would impose 15 percent sales tax on the electricity and natural gas consumption by thousands of manufacturing units in five leading export sectors including textile, leather, surgical, carpets and sports goods after introduction of the General Sales Tax Bill 2010. The Board will rescind notifications and Sales Tax General Orders (STGOs) to withdraw sales tax zero-rating facility on the electricity and natural gas consumption by five major export sectors following approval of the General Sales Tax Bill by the Parliament. more... (BR)
Country heading fast towards worst gas crisis
Pakistan is heading fast towards its worst gas crisis in a situation of widening of the gap in demand and supply as its 7 major reservoirs, currently contributing 65 percent of gas production, are going to completely dry up by 2014-15. "Pakistan's gas crisis is going to get worse in the next 4 to 5 years as its major gas reservoirs are going to deplete, completely, by December 2015, and there is no visible sign of make-up of the gas reduction during this period", says a latest study conducted on Pakistan's hydro carbon potential. more... (BR)