Crude prices nudge higher
World oil prices firmed on Wednesday as dealers took their direction from a weaker dollar, but sentiment remained cautious over concerns about the US and eurozone economies, analysts said. Brent North Sea crude for delivery in December rose 55 cents to $108.81 a barrel in London afternoon deals.
Govt turns down purchase offers for utility stores
The opportunity to possibly turn around a loss-making enterprise has been lost as the government has turned down offers of three companies willing to buy shares in the Utility Stores Corporation. This was also a chance to kick-start the privatisation process, stalled since 2008. more... (ET)
CJ asked to take notice of FBR’s tax amnesty scheme
The Transparency International Pakistan (TIP) has written a letter to Chief Justice of Pakistan Iftikhar Muhammad Chaudhry in which it prayed to the court to take notice of Federal Board of Revenue’s (FBR) tax amnesty scheme. more... (DT)
Reforming agri income tax regime can generate up to Rs 115bn
The country could generate Rs 80 billion to Rs 115 billion by reforming agriculture income tax regime. Economists here on Wednesday presented these estimates during the second day of the 28th Annual General Meeting and Conference organised by Pakistan Institute of Development Economics (PIDE). more... (DT)
Auto sales down 32pc in 4MFY13
Country auto sales continue its depressive run in fiscal year's 4MFY13 as cumulative Car, LCV & Pickup sales decreased by 32 per cent to 39,938 units during 4MFY13 against 58,801 units sold in 4MFY12, according to the latest data released by PAMA. more... (FD)
Export of 0.2MT surplus sugar may get Cabinet’s nod
The Economic Coordination Committee (ECC) of the Cabinet scheduled to meet on November 20, is expected to allow additional export of 0.2 million tons sugar.
Last month, the apex economic decisions making body had also allowed 0.2 million tons sugar export.