The FBR chairman said the parliament and provincial assemblies should decide on the VAT bill by end of April.
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TOP STORIES
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July-Feb auto sales show rising trend
Sales of LCVs, vans and jeeps declined but sales of two and three wheelers, tractors, buses and trucks increased. -
Senate body flays import of used lubricants
The commerce ministry was directed not to import any toxic material, including used lubricants or used edible oil. -
PIA seeks finance to start new flights
The national flag carrier needs a financial injection to make it viable and increase the number of aircrafts in the fleet. -
KESC raises Rs6.3bn in right issue
The power utility is banking on fresh equity to improve its debt-to-equity and liquidity ratios to reduce cost of financing. -
PSM board elects chairman
The newly-constituted Board of Directors of Pakistan Steel elected Fazalullah Qureshi as chairman of the board and also made various policy decisions.
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EDITOR'S CHOICE
100% MAN MADE
Politics or parenting?
ISLAM IN AMERICA
Falling short of solutions
BOOK REVIEW
High drama in the sky
MAGAZINE
Economic and Business Review
MEDIA GALLERY
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Business Digest
HIGHLIGHTS
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Withdrawal of exemptions under VAT opposed
Trade and industry has called for VAT exemption for five export-oriented industries. -
Equities firm as US economy, Greece fears ease
World stock index was positive for the first time since Jan as the euro also gained. -
US deficit, debt to exceed forecasts
Estimates show the budget deficit and national debt projections to be misjudged. -
Helping the economy
Pakistan should welcome US cooperation in areas other than militancy, nuclear weapons and security. -
CSF reimbursements
Pakistan’s efforts to fight terrorism are running into financial troubles on account of a trust deficit.
WEATHER - PAKISTAN
Cities
HIGH INFLATION
Falling demand of gold due to high prices is shrinking incomes and forcing jewellers to slash workforce or switch trade.
CIRCULAR DEBT
With its receivables rising beyond Rs105bn, PSO needs at least Rs57bn up to April 28 to avoid default.
MONEY LAUNDERING?
The unusually high portfolio investment numbers have set the cynics wondering if all of it is genuine foreign buying.
PETROCHEMICAL PLANT
The cabinet decided not to probe ‘unauthorised changes’ in a Rs55bn contract days after the departure of Tarin.
INFLATION TENSION
Supply of credit to private sector continued despite central govt borrowing of Rs191bn for its budgetary support.
TOO BIG TO FAIL?
Despite poor economic growth the banks earned Rs62.3bn primarily because of a very high banking spread.
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