Category archives for: Business

Pak-Iran Gas Pipeline likely to be completed by 2014: Hina

Islamabad: The National Assembly was informed on Monday that the government will go ahead with the multi-billion Pakistan Iran Gas Pipeline Project and said the project is likely to be completed by the year 2014.”The Pakistan Iran Gas Pipeline Project is in national interest and the government has decided to fast track on it,” Foreign […]

Malaysian firm given Rs24bn road project

ISLAMABAD, Jan 16: The National Highways Authority on Monday awarded the Rs24. Islamabad News Sources

Egg, chicken prices soaring as cold weather continues – Pakistan Observer

Egg, chicken prices soaring as cold weather continues Pakistan Observer Rawalpindi—Prices of chicken and eggs are soaring because of their growing demand as cold weather continues. At present retail price for one dozen eggs is Rs 109 as compared to Rs 60 to 65 in suumer. Likewise, the per kiliogram price of chicken is Rs … […]

Hydropower project: South Korea announces largest investment yet

  ISLAMABAD: A South Korea company on Thursday announced that it would contribute in setting up the 147MW Patrind Hydropower Project on river Kunhar costing around 0 million, making it the largest foreign direct investment from the Far Eastern country. The Korean sponsors will contribute 25% of the cost while 75% will be financed by banks […]

No fresh amnesty for tax defaulters: FBR

The Federal Board of Revenue (FBR) on Monday rejected proposal to grant fresh amnesty scheme for tax defaulters and decided to recover Rs80 billion fr The News International – Islamabad

Pakistan to import LNG from Qatar

ISLAMABAD: The government has decided to import 500 million cubic feet of LNG per day (mmcfd) from Qatar to cope with the endemic energy crisis and to Islamabad News Sources

Automobile output increases over 10pc

ISLAMABAD: Production of various light automobiles increased by over 10 percent during the first four months of the current fiscal year as against the same period of last year. The production of jeeps and cars during July-October (2011-12) increased by 11.97 percent as compared to July-October (2010-11), Federal Bureau of Statistics (FBS) reported. As many […]

Oil on deferred payment: ‘Brotherly’ countries turn down Pakistan’s request

  ISLAMABAD:  All rhetoric of brotherhood notwithstanding, two ‘friendly’ Arab countries have refused to supply oil to Pakistan on long-term credit. Plagued by circular debt, and faced with high international oil prices, Pakistan had requested Kuwait and Saudi Arabia to extend their credit term for oil payments. During his two-day visit in August last year, […]

NBP refuses to revisit PSM borrowing cost

ISLAMABAD: National Bank of Pakistan has refused to revisit the cost of borrowing of Rs 7.6 billion loan and loan rescheduling fee, which was agreed by the Acting Chief Financial Officer (CFO) of Pakistan Steel Mills (PSM), according to official documents available with Business Recorder. General Manager, Coordination/Finance, Abdul Aziz Memon, in a letter had […]

FBR drafts new ST Registration Plan 2012

RECORDER REPORT ISLAMABAD: The Federal Board of Revenue has drafted a new Sales Tax Registration Plan (2012) for documentation of vendors, employees, suppliers and agents engaged in making huge quantity/turnover of taxable supply of goods and services without filing sales tax returns and statements. Sources told Business Recorder here on Thursday that the FBR has […]

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