Prime Minister for third term: Nawaz makes history
Mian Muhammad Nawaz Sharif was comfortably elected the 27th Prime Minister of Pakistan for a third term in office, securing 244 votes, more than a two-third majority. more... (BR)
FBR not to ‘borrow’ from taxpayers
The Federal Board of Revenue (FBR) has decided not to borrow money from taxpayers — in terms of advance tax due for the new fiscal year - to improve current collection figures, official sources said on Wednesday. more... (N)
No raise in sales tax rate in sight
The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. more...(BR)
Pakistan caters to 90% of SA’s cement requirement
Pakistan caters around 90 percent of South Africa (SA)’s cement requirement reflecting same level of demand can be created for products such as food items, spices, textile, pharmaceuticals and other products in the country. more...(DT)
Punjab govt okays 11 uplift schemes of Rs 6,036.381m
The Punjab government on Wednesday approved eleven development schemes of various sectors of the economy with an estimated cost of Rs 6036.381 million.
Gwadar, Karachi to be linked with Kashgar: PM
Prime Minister Nawaz Sharif on Wednesday announced Karachi and Gwadar would be linked by road and rail with Kashgar, China via Khunjrab to boost regional trade. more...(DT)
KSE most favourite market in region
Even after a blockbuster return of 49 percent in 2012 and a year to date return of 32 percent in 2013, the Karachi Stock Exchange (KSE) 100-share index still continues to remain the cheapest on price earnings (PE), price-to-book (PB) and dividend yield basis regionally, analysts said on Wednesday.