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Friday, September 25, 2009, Shawwal 5, 1430 |
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Business
News
Rs 10 coin on 60th
China anniversary
Staff Reporter
Islamabad—To express the solidarity and unity
with the Peoples Republic of China on historic
occasion of 60th anniversary of its founding on
October 1 2009, the Government of Pakistan has
decided to issue 10 rupees commemorative coin in
the quantity of 100,000 pieces from State Bank
of Pakistan. “The Government of Pakistan has
decided to issue 10 rupees commemorative coin in
the quantity of 100,000 (One hundred thousand)
pieces from State Bank of Pakistan, through SBP
banking services corporation (Bank) w.e.f
October ,2009”, a statement of Finance Division
(Internal Finance Wing) said here on Thursday. |
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FBR steps to
increase tax-GDP ratio
Salim Ahmed
Lahore—The Federal Board of Revenue is taking
all possible measures to increase Tax-GDP ratio
by bringing into tax net the untapped sectors of
the economy. This was stated by Director General
Income Tax Khawaja Shaukat Ali while speaking at
inauguration ceremony of FBR Facilitation Center
at the Lahore Chamber of Commerce and Industry
on Thursday. The LCCI President Mian
Muzaffar Ali, President-elect Zafar Iqbal
Chaudhry, Vice President-elect Faisal Iqbal
Sheikh and former President Mian Misbahur Rehman
were also present on the occasion. Khawaja
Shaukat said that Tax-GDP ratio in Pakistan is
low when it is compared with other regional
countries including Bangladesh. He said that the
Agriculture and services sectors were being
encouraged in this regard as these two sectors
have been identified as the untapped sectors. |
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42 MW more power
to come into national grid by Dec 31
Islamabad—National power system would have over
42 MW power produced from alternate sources
besides existing sources of hydal and thermal
systems by December 31 to resolve power crisis
in the country. Well placed sources in
Alternative Energy Development Board (AEDB)
revealed on Thursday that the Board is set to
pour 35 MW electricity produced from Biogas, 6
MW from wind and 1 MW from micro-level hydro
projects operated by its various stakeholders
and private power producers by December this
year. They told that as an advisory board, AEDB
has taken great stride during last one year
since its formal inception to meet its
objectives and also assured that the share of
renewable energy in the system will increase
manifolds by the end of next year. |
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Economy on
positive growth for last one year
Islamabad—The country’s economy has been
gradually moving towards building basis on sound
footings as the economic indicators have
improved during the past one year. Not only the
country’s foreign exchange reserves have now
reached to $14.360 billion but the other
indicators have shown considerable positive
growth during the period under review. The
inflation eased to a 20-month low in August 2009
as it dropped to 10.69 per cent after edging up
11.2 per cent in July 2009. |
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Sialkot business
produces high quality products
Staff Reporter
Sialkot—The business community of Sialkot
engaged with Sports Goods industry was making
strenuous efforts for producing high quality and
standard products to cope with the international
market more easily. Former Chairman Pakistan
Sports Goods Manufactures and Exporters
Association (PSGMEA) Prof. Safdar Sandal stated
this while talking to the newsmen here. He said
that Sialkot which is a hub of cottage industry
and famous for producing quality and standard
sports goods and now had entered into
manufacturing of “Motorbike” apparel and
accessories and it would be a big ripple in
economic activities which would fetch a handsome
foreign exchange for the country. |
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