Business News

FBR rebuts news about inclusion of non-tax revenue in tax collection

  • ISLAMABAD, (APP): Federal Board of Revenue (FBR) on Monday strongly denied reports appearing in a section of the press that non-tax revenue has been included in the taxes and duties collected by FBR to overstate the tax collection figure. Through its sustained and untiring efforts the FBR was able to achieve and surpass the revenue […]

  • Bullion rates

    LAHORE, July 04 (APP):-Following bullion rates were received from markets here on Monday. BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 43896.00 GOLD 22 CT————-40238.00 GOLD 21 CT————-38409.00 SILVER TEZABI————620.00 SILVER THOBI————-612.00

  • Japan grants Rs 205 million to install Face Recognition System at airports

    ISLAMABAD, July 4 (APP): The Government of Japan on Monday agreed to extend a Grant Aid “Economic and Social Development Programme”, worth 200 million Japanese Yen, equivalent to around Rs 205 million to install Face Recognition System at airport for security improvement in Pakistan. The Face Recognition System is a computer application capable of identifying […]

  • Gwadar airport being constructed at cost of $ 260 million

    ISLAMABAD, Jul 4 (APP): Gwadar International Airport to be capable of handling the largest of passenger planes including the A380 Boeing jet, is being constructed at a cost of US$ 260 million at Gwadar, Balochistan province. The amount for the airport is a full grant from the Chinese government, the Parliamentary Committee on China-Pakistan Economic […]

  • Oil prices edge up as Brent pushes further above $50

    SINGAPORE, July 4, (APP/AFP) – Crude prices edged up in Asia on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh attacks on the country’s oil infrastructure. Prices see-sawed last week, plunging in the immediate aftermath of Britain’s shock decision to leave the European Union but rallying after central […]

  • Rs.539,115 mln released for various water, power projects in FY2015-16

    ISLAMABAD, July 4 (APP): The government has released Rs.539115.990 million out of total Rs.700,000 million allocated for various water and power projects in Public Sector Development Programme (PSDP) 2015-16. According to the Planning Commission data, an amount of Rs.66351.416 million out of total Rs.122,821.605 million allocated during the last fiscal year was released for various […]