Business Recorder Group

Type: Company
Name: Business Recorder Group
First reported 20 hours ago - Updated 7 hours ago - 1 reports

Computer dealers, importers: FBR Chairman asked to take notice of harassment

April 18, 2014Karachi Electronic Dealers Association (KEDA) President Muhammad Idrees, who is also Vice President of Karachi Chamber of Commerce and Industry (KCCI), has urged the Federal Board of Revenue (FBR) Chairman to take notice of the harassment ... [Published Business Recorder - 20 hours ago]
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Notices issued to ghee units: exemption certificate a must to avoid WHT recovery: FBR

April 18, 2014Regional Tax Office-II (RTO) Karachi has issued notices to the ghee and cooking oil units for submission of certificates to avoid recovery of withholding tax under section 148 of the Income Tax Ordinance, 2001 on the import of edible oil ... [Published Business Recorder - 20 hours ago]
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Dual tax on telecom services in the offing?

April 18, 2014 The Federal Board of Revenue wants to collect 19.5 percent Federal Excise Duty (FED) on telecom services under the relevant Schedule of Federal Excise Act despite the fact the levy is already being collected by provinces after the 18th ... [Published Business Recorder - 20 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Taliban talks: back channels quite active

April 18, 2014The two negotiation teams have stepped up efforts to save the peace process. Sources privy to developments told Business Recorder that the Taliban committee headed by Maulana Samiul Haq conveyed to the government-nominated committee that ... [Published Business Recorder - 21 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

President to visit Nigeria on April 21

April 18, 2014President Mamnoon Hussain will undertake an official visit to Nigeria from April 21-24, 2014, said Foreign Office Spokesperson Tasnim Aslam. The spokesperson told the weekly press briefing that the President is undertaking the visit at the ... [Published Business Recorder - 21 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Alleged corruption in projects: Housing ministry begins inquiry against 64 officials

April 18, 2014The Federal Ministry of Housing and Works has initiated an inquiry against 64 officials for their alleged involvement in corruption in different development projects during the previous PPP-led coalition government. A senior official source ... [Published Business Recorder - 21 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

OGDCL, UBL: PC initiates divestment push

April 18, 2014The Privatisation Commission (PC) on Thursday initiated the process of hiring financial advisors (FAs) for off-loading 10 percent government shares in Oil and Gas Development Company (OGDCL) and government shares in United Bank Limited (UBL). ... [Published Business Recorder - 21 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Oil & gas companies: advocates general asked to submit report

April 18, 2014The Supreme Court on Thursday directed all four provincial Advocates General to submit within two weeks a detailed report on the rights given to provinces under the 18th Constitutional Amendment. A three-member bench headed by Justice Jawwad ... [Published Business Recorder - 22 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Prime Minister to inaugurate two thermal power plants

April 18, 2014 Prime Minister Nawaz Sharif will inaugurate 747 MW Guddu and 404 MW Uch II thermal power plants on April 21 and 25, 2014 respectively, official sources told Business Recorder . A team of senior officials of Water and Power Ministry has ... [Published Business Recorder - 22 hours ago]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

First 15 days of April: collection decreases by 26.5 percent

April 17, 2014There is a decrease of 26.5 percent in customs duty collection during first 15 days of April 2014 as import duty collection stood at Rs 6.931 billion during April 1-15 against Rs 9.424 billion in the same period last year. Sources told Business ... [Published Business Recorder - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Sindh Budget 2014-15: secretaries asked to furnish PSDP proposals

April 17, 2014The secretaries of all administrative departments of Sindh have been asked to submit schemes proposals of their respective departments to the Finance and Planning and Development departments so as to prepare the next fiscal year budget on ... [Published Business Recorder - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

ECC may allow gold import today

April 17, 2014The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday (today) is expected to allow gold import through select major gold importers, well-informed sources in the Commerce Ministry told Business Recorder . The ECC headed by ... [Published Business Recorder - Apr 17 2014]

Quotes

"Explanation: For the purpose of this sub-paragraph (i), the word "registered" in the case of withholding agents shall mean "e-Signed up" in terms of the Sindh Sales Tax Special Procedure (Withholding) Rules, 2011; (iii) by persons who were registered but were non-filers or null-filers of their tax returns (iv) by persons who were late-registered with SRB and they did not file their tax returns from the date of commencement of their economic activity of taxable services; (v) by persons who withheld any amount of Sindh sales tax but have either not deposited that withheld amount in Sindh Government's head of account "B-02384" or have deposited the withheld amount, in a head of account other than the Sindh Government's head of account "B-02384"; (vi) by persons who determine the arrears through self-detection and self-assessment; (vii) by persons who short-paid any amount of tax in their tax returns and persons against whom any arrears of tax was detected in SRB's scrutiny of tax returns or in SRB's audit of taxpayers' record; (viii) by persons against whom any tax amount has been determined or assessed or adjudged, by an officer of the SRB, through an order or decision passed under the Sindh Sales Tax on Services Act, 2011. or the rules/notification issued thereunder; (ix) by persons against whom any tax liability has been adjudged or confirmed by the Commissioner (Appeals) or the Appellate Tribunal; (x) by persons whose cases are under assessment or under adjudication with any officer of the SRB or is pending, at the appellate stage, with the Commissioner (Appeals) or with the Appellate Tribunal; and (xi) by persons whose cases are under litigation in any court of law including the High Court or the Supreme Court."
...The poor customers don "t have the capacity to pay the additional burden of tax. The situation becomes even worse for the customers where the rate of income tax was already increased from 10 percent to 15 percent."
...allowing them to operate as efficient commercial entities, building financial capacity of Wapda, which the government has begun to strengthen "by allowing the tariff to incorporate capital investment plans. "Dar should be reminded that commercialisation and privatisation is not always the correct answer and the case of Californian power of 2000 bears looking into."

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All (1318) | News (1311) | Reports (0) | Blogs (7) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Prices continue to decline on cotton market [Published Business Recorder - 19 hours ago]
July-February raw cotton import down 29 percent [Published Business Recorder - 19 hours ago]
Mills deposit nearly half of Rs 170 million ST:... [Published Business Recorder - 19 hours ago]
ST on supply of yarn: APTMA apprehensive about ... [Published Business Recorder - 19 hours ago]
'New varieties of BT cotton to be evolved for n... [Published Business Recorder - 19 hours ago]
Notices issued to ghee units: exemption certifi... [Published Business Recorder - 20 hours ago]
Notification issued: SRB takes major steps to e... [Published Business Recorder - 20 hours ago]
Dual tax on telecom services in the offing? [Published Business Recorder - 20 hours ago]
Computer dealers, importers: FBR Chairman asked... [Published Business Recorder - 20 hours ago]
Enormity of power sector challenges [Published Business Recorder - 20 hours ago]
Receding mangrove forests [Published Business Recorder - 20 hours ago]
'Kashgar-Gwadar corridor to bring prosperity to... [Published Business Recorder - 20 hours ago]
Sugar subsidy scam: Umar to move court if no ac... [Published Business Recorder - 20 hours ago]
Kharif crops sowing: Irsa releases 12,000 cusec... [Published Business Recorder - 20 hours ago]
More growth, more taxes [Published Business Recorder - 21 hours ago]
Partly Facetious: Former President at PM's House [Published Business Recorder - 21 hours ago]
Government proposal to offer amnesty to Taliban... [Published Business Recorder - 21 hours ago]
'Extra-judicial' killings: MQM warns of country... [Published Business Recorder - 21 hours ago]
No pressure to change position on Syria: foreig... [Published Business Recorder - 21 hours ago]
President to visit Nigeria on April 21 [Published Business Recorder - 21 hours ago]
Taliban talks: back channels quite active [Published Business Recorder - 21 hours ago]
Ban on gold import lifted: duty exemption on co... [Published Business Recorder - 21 hours ago]
Parliamentary body seeks to halt auction [Published Business Recorder - 21 hours ago]
3G/4G auction: four CMOs qualify for bidding [Published Business Recorder - 21 hours ago]
Censorship on the rise: CPJ [Published Business Recorder - 21 hours ago]
NSC discusses possible Modi victory [Published Business Recorder - 21 hours ago]
UNDP hails Pakistan's first multi-dimensional p... [Published Business Recorder - 21 hours ago]
Avanza Solutions launches new product at ABTEC ... [Published Business Recorder - 21 hours ago]
Khyber Pakhtunkhwa traders oppose proposed PCO ... [Published Business Recorder - 21 hours ago]
TDAP, JICA, FCCI hold seminar on 'Access to Jap... [Published Business Recorder - 21 hours ago]
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Blogs

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MICROCAPITAL BRIEF: Branchless Banking Transact... [Published MicroCapital - Apr 02 2014]
According to a report entitled “Access to Finance in Pakistan” that was recently published by the State Bank of Pakistan (SBP), the nation’s central bank, the total value of branchless banking (BB) transactions in Pakistan during 2013 increased by PKY ...
Trading Probe Breaks String of Gains for U.S. E... [Published Bloomberg via Google News - Mar 19 2014]
Business Recorder Trading Probe Breaks String of Gains for U.S. Exchange Operators Bloomberg The Bloomberg World Exchanges Index of 26 stocks has advanced 45 percent since sinking to an eight-month low in June 2012, a period that encompasses ...
Pakistan, US to strengthen maritime cooperation... [Published MaritimeSecurity.Asia - Feb 23 2014]
February 22, 2014 RECORDER REPORT Ambassador Jalil Abbas Jilani visited Pentagon on Thursday to meet US Secretary of Navy Ray Mabus and discussed matters related to bilateral co-operation in maritime security. Ambassador Jilani expressed satisfaction ...
Pakistan, US to strengthen maritime cooperation... [Published MaritimeSecurity.Asia - Feb 21 2014]
Friday, 21 February 2014 11:46 Posted by Parvez Jabri WASHINGTON: Pakistan’s ambassador to the United States Jalil Abbas Jilani discussed maritime cooperation with US Secretary of Navy Ray Mabus at a Pentagon meeting on Thursday. Ambassador Jilani ...
Mari on the rise – Business Recorder [Published MaritimeSecurity.Asia - Feb 18 2014]
February 18, 2014 BR Research The oil and gas Explora-tion and Production (E&P) sector has been relatively immune to the liquidity crisis when compared to the downstream sector of refining and oil marketing companies. And partly due to the same ...
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