Tag: Reduce

ISLAMABAD - In a major development, the association of the textile mills has succeeded in convincing tax authorities to lower the general sales tax (GST) on sales of their products in the domestic market from April 1.
An industry source said a delegation of the All Pakistan Textile Mills Association (APTMA) held talks with the Federal Board of Revenue (FBR) on Saturday and per the agreement, trade between the registered sales tax units would remain zero rated for all export

KARACHI - Following the directives of the Sindh Education Department, Education deputy district officer (DDO) has ordered reducing the educational budget and submitting a report on monthly basis. The heads of schools and colleges have been directed to submit monthly expenditure report by the fifth day of every month, verified by the Sindh accountant general (AG).
The City District Government Karachi (CDGK) has asked the local government's education department to reduce monthly

KARACHI - The time has come for the government to display resolve rather than mumble on new taxation measures in order to reduce the probability of a greater budget deficit, triggered by a lower resource basket.
Income tax surcharge of 15 percent on salaried income, GST imposition on fertiliser, withdrawal of GST exemption on plant, machinery and enhancement of SED to 2.5 percent from one percent are likely to enhance taxation revenue by Rs 53 billion, while ambitious cost

STAFF REPORT - The Sindh government will ensure that load shedding is reduced to its minimum possible level, promised Sindh Electric Power Minister Shazia Marri on Friday while talking to media personnel at the inauguration of a spring festival and flower exhibition. Marri said that Sindh has the gotten the right of ownership to 50 per cent share on its oil, gas and other natural recourses under Article 172 (3) through the 18th Amendment. She said that the Sindh government has planned

LAHORE - An urgent meeting of central executive committee (CEC) of Medical Lab Technologists Association of Pakistan (MLTAP) was called at the head office in Rawal Dam Colony, Islamabad. The meeting was presided over by central president of MLTAP Technologist Muhammad Ali Malik.
Other members of CEC of MLTAP including Azadar Gillani, Muntazir Naqvi, Tahir Naqqash, M. Arif, Raza Mohayyodin, Shahbaz Hussain in conjunction with student delegates of Rawalpindi Medical College (RMC),

LAHORE - The Punjab government will abolish 550 posts including special secretaries and additional inspector generals to counter financial problems and strengthen governance in order to better serve the public, Senior Advisor to the Punjab CM Zulfiqar Khosa said on Sunday.
He was addressing a press conference after meeting of a government committee at the CM's Secretariat. Punjab Law Minister Rana Sanaullah and Punjab government spokesman Pervaiz Rashid were also present on the

LAHORE - The Federal Promotion Board for BPS-19 to 20 has decided to reduce seats of police officials from 25 to 9, reducing possibilities of promotion of senior police officials and hurting their career prospects in the long-run. While promotions are hard to come by for police officials, plenty of seats for both DMG and Secretariat groups, show discrimination being meted out to the Police Service,
who is doing a valuable service to the country by combating terrorism. As opposed

ISLAMABAD - Owing to serious security concerns, the World Food Programme (WFP) and other UN bodies may reduce their staff in Khyber Pakhtunkhwa and the Tribal Areas in the wake of deadly suicide bombing in Bajaur agency on Thursday.
The WFP closed down its food distribution programme in Bajaur Agency after the suicide attack that killed over 40 people and it will soon go for a security review as far as its other operations in Khyber Pakhtunkhwa and other Tribal Areas are

NEW DELHI: India may cut taxes on crude oil and refined products in next year's budget, the finance secretary said on Wednesday, to cushion the impact of rising global oil prices on inflation and state oil firms' profits.
"All these issues on the duty structure will be considered in the run up to the budget," Finance Secretary Ashok Chawla told reporters, adding if required, duties will be revised in the budget.
The government, already under attack from the opposition over a

WASHINGTON - The US wants India and Pakistan to reduce tensions between them, the White House has said, insisting that the Obama administration would continue to encourage the two countries to improve their ties.
"The tensions between the two countries are something that the president discussed with each country when he visited leaders in India or called up leaders in Pakistan. And he will continue to address that and take steps to ease any of that tension," White House Press

KARACHI: The country's foreign exchange reserves have dropped further and reached $16.852 billion for the week that ended on November 19, 2010, State Bank's statistics revealed on Thursday.
According to the central bank, the country's foreign exchange reserves contracted $57.4 million or 0.33 percent in the week under review against $16.910 billion last week.
"The state bank's reserves registered a nominal dip due to routine debt payments," SBP Chief Spokesman Syed

ISLAMABAD: The federal government had assured the Muttahida Qaumi Movement (MQM) that sugar prices would be brought back to their previous position within three days, Overseas Pakistanis Minister Dr Farooq Sattar said on Thursday.
He made these remarks in a press conference. "After our opposition to the Revised General Sales Tax (RGST) and Flood Surcharge bills in the federal cabinet's meeting, two cabinet members, Naveed Qamar and Hafeez Shaikh, held a meeting with us and

ISLAMABAD: The government is likely to reduce tax exemptions in new proposed revised sales tax bill with certain fundamental changes related to enforcement and audit, Pakistan Today reliably learnt on Tuesday.
According to sources in the Law Ministry, the Federal Board of Revenue has sent the proposed bill to the Law Ministry a few days ago, proposing the withdrawal of all kinds of exemptions on sales tax, except on life saving drugs and food items.
The exemptions would help