Islamabad—The Competitiveness Support Fund
publishes a brochure on co-financing initiatives
for national projects to showcase innovation and
enhance competitiveness of the enterprise
sector. Islamabad, 3 July – The Competitiveness
Support Fund (CSF), a joint initiative of the
United States Agency for International
Development (USAID) and Ministry of Finance,
Government of Pakistan, has launched a brochure
on its Business Incubator-Matching Grants
facility to promote its co-financing initiatives
for micro enterprises in Pakistan.
Lahore—Governments of Pakistan and India
should sign bilateral investment treaty, which
will encourage investment and motivate for other
countries to effectively contribute in
intra-regional investment. Tariq Sayeed,
President SAARC Chambers of Commerce and
Industry said addressing a session on “Trade and
Investment Opportunities in SAARC” at Sri Lanka
Economic Summit-2008 on Thursday (July 3)
organized by Ceylon Chamber of Commerce &
Industry, says a fax received here.
Islamabad—WiMAX, a new broadband wireless access
technology, is expected to gather strong
momentum in the Asia Pacific region with WiMAX
services revenues estimated to grow from US$58
million in 2007 to US$5.46 billion by 2012,
according to the latest report by Springboard
Research, a leading innovator in the IT market
research industry. This translates to a
compounded annual growth rate (CAGR) of 148% for
the period.
Karachi—The RTO Karachi, a reformed unit of the
Federal Board of Revenue (FBR), surpassed direct
tax revenue collection target of Rs89 billion.
The Provisional collection of the fiscal year
stood at Rs89.5 billion against the revised
budgetary target of Rs89 billion set by the
Federal Board of Revenue (FBR). About Rs3
billion from imports was not included in the
total collection due to jurisdiction dispute
that would be decided this month to make the
total collection of Rs92.5 billion. Despite
unfavorable political situation and slowdown in
the economy during the financial year 2007-08,
the Regional Tax Office (RTO), Karachi has
registered 21.83 percent growth in revenue
collection in both the direct and indirect
taxes.
Islamabad —Finance Minister, Syed Naveed Qamar
and his team held bilateral discussions with
British Secretary of State for International
Development Mr. Douglas Alexander and his team
here today. The matters relating to fight
against poverty in Pakistan and British
Government’s overall Country Assistance Plan for
Pakistan were discussed threadbare. It was
appreciated that the Government of UK is going
to double UK Assistance for Pakistan up to UK
Pound 480 million by 2011. The British Secretary
of State announced outline of the Country
Assistance Plan focusing GOP over the
forthcoming five years (2013).
