AGP – Pharma
AGP Limited was incorporated as a public limited company in May 2014 under the repealed Companies Ordinance. The principal activities of the Company include import, marketing, export, dealership, distribution, wholesale and manufacturing of pharmaceutical products. The Company is subsidiary of OBS Pakistan and the Ultimate Parent Company is West End 16 Pte Limited – Singapore. AGP held its analyst briefing to discuss its recently announced … Continue reading AGP – Pharma
Rs0.9 per unit reduced in electricity tariff
The National Electric Power Regulatory Authority (Nepra) on Tuesday approved a reduction of Rs0.9 per unit in electricity tariff for all power distribution companies, except for K-Electric, on account of fuel cost adjustment for June 2019. The decision was taken by the regulator at a public hearing held to review a petition filed by the Central Power Purchasing Agency (CPPA) on behalf of the distribution … Continue reading Rs0.9 per unit reduced in electricity tariff
Billions collected via Amnesty Scheme
Documents reveal billions of rupees worth properties surfaced during last amnesty scheme A large number of people holding Benami properties and assets worth billions of rupees have benefited from the Pakistan Tehreek-e-Insaf (PTI) government’s tax amnesty scheme that ended on July 3, official documents reveal. The Federal Board of Revenue (FBR) has sought from all the subordinate departments detailed reports about people who availed the … Continue reading Billions collected via Amnesty Scheme
Kashmir Bleeds UN Sleeps
Kashmir is under siege by 900,000 Indian soldiers, no person can be seen in the streets, the internet, cell phones, markets are shut, media is banned, a militarized curfew is in place, the UN is asleep, OIC is not interested, EU doesn’t care. Federal minister Fawad Chaudhry makes a compassionate appeal to the house as he highlighted the plight of the Pakistanis suffering from Indian … Continue reading Kashmir Bleeds UN Sleeps
Boutiques get FBR notice
FBR served notices to 228 shops. As part of its efforts to broaden the tax net, Federal Board of Revenue (FBR) has served notices to as many as 228 garment shops and boutiques on paying no tax despite “having booming business activity.” “This office has identified 228 garments shops/boutiques doing business activity only in the area of North Nazimabad, Karachi and they are not on … Continue reading Boutiques get FBR notice
Pakistan’s 1st KIA Sportage Car
KIA-Lucky Motor held a press briefing to launch its first car Sportage in Pakistan. The CEO of the company explained that, concessions provided by the government in the Auto Policy 2016-21 were the basis for new entrants coming in Pakistan. The company acknowledged that it is not the best time for the auto industry due to rupee devaluation and higher financing cost, but remained optimistic … Continue reading Pakistan’s 1st KIA Sportage Car
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Inflation might further go up but in the long term Pakistan is looking at growth- IMF
IMF resident representative Teresa Daban Sanchez in Islamabad outlined some restraints, deterring Pakistan to utilize $6 billion 39-months bailout Package. Referring to CPEC projects, she said it’s largely a commercial venture in power and infrastructure areas of Pakistan. She acknowledged the fact that CPEC helped Pakistan deal with severe power shortfall. She rebuffed the perception about Chinese Debt Trap and expressed that the debt sustainability … Continue reading Inflation might further go up but in the long term Pakistan is looking at growth- IMF
Sakrand Sugar Mills Limited (PSX:SKRS)
The Board of Directors of Sakrand Sugar Mills Limited (PSX:SKRS) in their meeting held on August 5, 2019, has approved setting up branch offices of the Company in gulf countries namely Qatar and UAE. The main purpose of the setup is to initiate Export of Organic Compost Fertilizer “Go Green” to Gulf countries. Focusing on organic farming in gulf countries, there exists a business opportunity … Continue reading Sakrand Sugar Mills Limited (PSX:SKRS)
Eid Al Adha Holidays from Monday to Thursday
The government in Pakistan on Wednesday announced holidays for Eid Al Adha 2019. According to a notification by the Ministry of Interior, August 12, 13, 14, and 15 will be holidays. Saturday, August 17, will be a working day. Last month, the minister for science and technology Fawad Chaudhry had announced that Eid Al Adha this year would fall on Monday, August 12, the report … Continue reading Eid Al Adha Holidays from Monday to Thursday
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New deadline by FBR- August 9th 2019
The Federal Board of Revenue (FBR) extended the deadline for filing of income tax returns for the year 2018 to August 9th 2019 coming Friday. “In Continuation of Circular No. 07/2019 dated 02.07.2019 and in exercise of the powers conferred under Section of 214A of the Income Tax Ordinance, 2001, the Federal Board of Revenue is pleased to further extended the date of filing of … Continue reading New deadline by FBR- August 9th 2019
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