Government has no plans on imposing new taxes assures Abdul Hafeez Shaikh Tuesday, April 10, 2012: Abdul Hafeez Shaikh, Finance Minister, has assured that the reigning Government of Pakistan has no plans to impose new taxes in the upcoming budget and will work to increase its revenue by amending the corrupt system and by adding […]
Apr 11 2012 | Posted in
Business,
Pakistan |
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SECP introduces to regulations to combat corruption Sunday, March 25, 2012: SECP (Securities and Exchange Commission of Pakistan) has introduced new regulations under the “Public Sector Companies Regulations 2012”. This step will bring about balance in the system and will also help in combating corruption. Previously, the Chief Executive Officers (CEO’s) were appointed by the […]
Mar 25 2012 | Posted in
Business,
Pakistan |
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The equity market regulator of Security and Exchange Commission of Pakistan sat before the National Assembly Standing Committee on Finance this Thursday. Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali pleaded to the commission on behalf of the regulator handing out a proposal for reduction in corporate income tax from 35 per cent […]
Jan 13 2012 | Posted in
National |
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The attempt to lower the corporate tax will encourage privately owned businesses to enter the corporate world, which would eventually help them flourish. These attempts will also encourage the companies to create jobs in Pakistan. Initially, the finance ministry and the FBR rejected the proposal stating that corporate tax is the major source of revenue […]
Jan 13 2012 | Posted in
National |
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PEPCO’s dissolution finalised The government of Pakistan has eventually decided to dissolve Pakistan Electric Power Company (PEPCO) after the organisation failed to meet the deadlines four times in the current fiscal year. The board of directors of PEPCO had a meeting on Thursday to advise the formal dissolution of the company as per the legal […]
Nov 18 2011 | Posted in
Business,
Politics |
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