SBP to undertake reforms in 3 major areas
The State Bank of Pakistan (SBP) would undertake reforms in three major areas during fiscal year (FY) 2013-14 for Independence of Central Bank, Creation of an Independent Monetary Policy Committee and Enhance Transparency of Monetary Policy Decision.
Govt allocates Rs 45.8bn for less-developed areas
The government has planned a comprehensive strategy for the promotion of less-developed areas in Pakistan, which include rural and special areas and will spend Rs 45.8 billion under different ministries and divisions.
Last date for filing IT returns extended till Sept 30
The Federal Board of Revenue (FBR) here on Wednesday announced extension in the last date for filing of final income tax returns and statements for the tax year 2013 till September 31, 2013.
26 percent PSM shares: government contemplating sell-off
Ministry of Industries and Production is to seek a bailout package of Rs 21 billion for a 'technically bankrupt' Pakistan Steel Mills (PSM), well-informed sources told Business Recorder. It has also been learnt that the Privatisation Commission is working on a plan to sell 26 percent shares of the mills. more...(BR)
SSGC succeeds in reducing UFG by over 2% in 2012-13
The state-owned Sui Southern Gas Company (SSGC) has performed well during the financial year 2012-13, registering a reduction of around 2% in Unaccounted for Gas (UFG) which will lead to rise in profitability by Rs3 billion. more...(ET)
Overseas Pakistanis send home $1.4 billion in July
Pakistanis working overseas sent $1.404 billion to their families back home in July this year compared with $1.205 billion in the corresponding month last year, an impressive growth of 16.57% or $199.68 million, according to data released by the State Bank of Pakistan on Tuesday. more...(ET)
‘Only Rs1.25bn capital gains tax collected’
The Karachi Stock Exchange increased its returns by 52 percent in the financial year 2013 but only paid Rs1.25 billion under the capital gains tax (CGT) regime, The News has learnt. more...(N)