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  Monday, May 5, 2008, Rabi-ul-Sani 28, 1429    

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Business News

Taxation system to be made more simple:Yousaf

Peshawar—Chairman Federal Board of Revenue (FBR), Abdullah Yousaf has said that reforms process to continue for making the tax submission process more simple and for ensuring provision of maximum facilities to the tax payers. This was said by him while addressing a workshop of Employees at Custom House Peshawar on Saturday evening, said a press release issued here on Sunday.

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Weekly inflation rises to 24 pc in country

Islamabad — The weekly inflation in Pakistan increased to 23.93 per cent during the week ended on April 30 due to rising food and oil prices over the corresponding period of last year.

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Long-awaited Asian energy grid gets going finally

Monitoring Report

THE region’s energy and petroleum ministers in their meetings in Islamabad, last week, completed their negotiations and readied the agreements for constructing two transnational gas pipelines.

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Rice shipments be allowed: UNISAME

Karachi—Union of Small and Medium Enterprises (UNISAME) has called upon the authorities concerned to allow shipments of rice cargo below minimum export price (MEP) for all contracts concluded before April 30, 2008 with or without letter of credits (LCs). President UNISAME Zulfikar Thaver said many SMEs have in hand firm orders and have signed contracts with their buyers. In fact the contracts are under lien with bankers who have financed them against it, he said.

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Second cotton conference commences today

Faisalabad—The Second National Conference on Cotton will be held on May 5-6, 2008 to prepare action plan and appropriate recommendations for nation-wide application for the cotton crop.

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More Business News

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Price hike reaches alarming level

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Banks should serve the masses in rural area

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SBP denies financial assistance to textile industry

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Global wheat prices likely to ease in fiscal year

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Zoellick declares Saudia as WB’s key partner

 
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