Saturday, July 14, 2012, Shaban 23, 1433
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Business & Finance
Pakistan stores only 9pc of potable water, 31pc wastedAmanullah Khan Karachi—Government of Sindh, in order to create awareness amongst the people at grass root level is incorporating “Environment” as a subject at basic education level which is of course a major step in the right direction to combat the threats to health and economy due to global warming, pollution, and toxic industrial waste in the country.
SECP launches new Takaful rulesStaff Reporter Karachi—Takaful, the Islamic alternative of insurance, is a scheme based on the principles of mutual assistance in compliance with the provisions of Islamic shariah, and which provides for mutual financial aid and assistance to the participants in case of occurrence of certain contingencies and whereby the participants mutually agree to contribute to the common fund for that purpose. The existing Takaful Rules were issued in year 2005.
PIAF concerned over hike in electricity tariffSalim Ahmed Lahore—Pakistan Industrial and Traders Associations Front (PIAF) has showed grave concern on Rs.1.51 per unit hike in the electricity tariff on the pretext of fuel adjustment and summary of Rs.2 per unit further increase in the name of subsidy removal and said that these steps would push the trade & industry to the destruction.
Japan holding investment moot for Pakistan: Hiroshi OeStaff Reporter Islamabad—Ambassador of Japan Mr. Hiroshi Oe on Friday said Japan considers Pakistan as a major development partner and the two countries will continue to support each other as true friends. Japan will continue to provide financial and technical assistance to Pakistan as we believe that this country has a great potential for the future. There are spectacular development and investment opportunities in various fields as few countries are gifted with such natural and human resources, the Ambassador said.
ICCI for simplification of tax proceduresStaff Reporter Islamabad—Islamabad Chamber of Commerce and Industry (ICCI) has urged the newly appointed Chairman Federal Board of Revenue, Mr. Ali Arshad Hakeem to take measures for simplifying the complex and complicated taxation procedures, which will help in improving the tax revenue. Yassar Sakhi Butt, President ICCI made these remarks during a meeting at Chamber House.
ICAP seminar on ‘Changes in the Code of Corporate Governance’Staff Correspondent Karachi—Southern Regional Committee of Institute of Chartered Accountants of Pakistan (ICAP) is organizing a seminar on “Changes in the Code of Corporate Governance” to be held on Monday, July 16, 2012 at 6:00 p.m at ICAP-Moosa D. Desai Auditorium ICAP House Clifton, Karachi. Syed Masoud Ali Naqvi, FCA, Senior Partner, KPMG Taseer Hadi& Co will be the session chairman and Mr. Fuad Azim Hashimi, President and Chief Executive Officer, Pakistan Institute of Corporate Governance and Syed Asad Ali Shah, FCA Past President, lCAP will be the speakers at the seminar.
Rs 81.7b to be spent on improved traveling servicesStaff Reporter Islamabad—The government plans to spend Rs. 81.715 billion under its proposed Federal Transport Development Programme (FTDP) during this year aimed at ensuring improved traveling services and infrastructure for the public. Of the proposed allocation, Rs 31.0 billion for the budgetary programme and Rs. 51 billion for National Highway Authority (NHA) under the budgetary corporations program.
PTCL awards best performing employeesStaff Reporter Islamabad—In recognition of their outstanding achievements during 2011-2012, Pakistan Telecommunication Company Limited (PTCL) awarded its best performing employees during the company’s recent ‘Way Forward Conference 2012: Accelerating Customer Experience’ held in Muzzaffarabad, AJK.The awards were presented by PTCL President & CEO, Walid Irshaid, during a distinguished ceremony attended by top management officials from all over Pakistan.
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