EPZA, KESC to build power plant in Karachi
To ensure continuous and uninterrupted power supply to the Karachi Export Processing Zone (KEPZ), the Export Processing Zones Authority (EPZA) is working with the Karachi Electric Supply Company to establish a 25-megawatt power plant.
Foreign investors eye opportunities in Pakistan
Foreign funds and companies are looking to drastically increase investments in Pakistan and the rise could improve Pakistan’s dire economic conditions, financial experts told The News on Tuesday. more... (N)
Cement dispatches down by 1pc in May 2013
Cement dispatches declined by one percent in May 2013 to 2.888 million tons against 2.918 million tons in the same period last year due to strict adherence to the axle load limit rule imposed by the national highway and motorway authorities. more...(N)
Urea Subsidy: MoF pays Rs 3.3 billion to TCP
The Ministry of Finance (MoF) is reported to have released Rs 3.3 billion to Trading Corporation of Pakistan (TCP) on account of urea subsidy. Sources told Business Recorder on Tuesday that the ministry has moved another summary for the payment of more than Rs 3 billion on account of urea subsidy. more...(BR)
SRO.1125(I)/2011: FBR asks MoF to curtail list of items
The Federal Board of Revenue has proposed to restrict items of the SRO.1125(I)/2011 to those exclusively used in the five export-oriented sectors - textile, leather, surgical, carpets and sports - from next fiscal year (2013-14). more...(BR)
New govt to take decision on gas infrastructure cess
The new government of Pakistan Muslim League-Nawaz (PML-N) is set to review and take a decision on imposing the gas infrastructure development cess (GIDC) on consumers for generating funds for gas import projects including the Iran-Pakistan (IP) pipeline. more...(ET)
FBR not likely to achieve Rs 2,050bn tax collection target
The Federal Board of Revenue (FBR) is not likely to achieve the tax collection target of Rs 2,050 billion for the fiscal year 2012-13 till June 30, 2013, tax experts said on Tuesday.