Commerce

Date for filing of income tax returns extended till Nov 15

ISLAMABAD (Sarzameen News)- As directed by Minister for Finance, Revenue and Economic Affairs, Senator Mohammad Ishaq Dar, the due date for filing of Income Tax Returns / Statements by Companies, salaried individuals, other individuals and AOPs, has been further extended till 15th November, 2017. Earlier, the due date was extended from 30th September to 31st October, 2017.

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India formally start exports to Afghanistan via Chabahar with 1.1m tons of wheat

NEW DELHI (Sarzameen News)- India on Sunday formally started exports to Afghanistan via Chabahar port in Iran by flagging off the first shipment of 1.1 million tons of wheat to Afghanistan. The Ministry of External Affairs of India in a statement said “External Affairs Minister Sushma Swaraj and Foreign Minister of the Islamic Republic of Afghanistan Salahuddin Rabbani, through a joint video conference,

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Over 50 pc work of coal based power plants at Thar Coal Field completed

KARACHI (Sarzameen News)- Over fifty percent works of coal based power plants of 1320 Megawatt capacity at Thar Coal Field has been completed. A spokesman of the Sindh Engro Coal Mining Company has said that works on these power plants is underway in full swing. He said these power plants will be operational by June 2019. The

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ADB President commits $5 billion to support new strategy for Central Asia REC

DUSHANBE (Sarzameen News)- Asian Development Bank (ADB) President Takehiko Nakao concluded a 3-day visit to Tajikistan Friday, where he attended the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference. CAREC Ministers from 11 member countries[1] unanimously endorsed CAREC 2030, a new long-term strategy that will take the CAREC program to its third decade of operations. The strategy

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Italy agrees on grant of duty free access to Pakistani products

ISLAMABAD (Sarzameen News)- Italy has agreed to grant duty free access to Pakistani products for stimulating an impressive growth in bilateral trade. In a statement Ministry of Commerce has said that this was agreed during two days visit of Secretary Commerce Muhammad Younas Dhaga to Italy. High level meetings between officials of Ministry of foreign affairs and Ministry of

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Meezan Bank awarded 3rd Position as ‘Employer of the year’

KARACHI (Sarzameen News)- Meezan Bank, Pakistan’s first and largest Islamic bank, has secured 3rd position as ‘Employer of the Year’ in the category of ‘Large National Companies’ by Employers’ Federation of Pakistan (EFP), Pakistan’s largest forum for employers. Mr. Khalid Zaman Khan – Meezan Bank’s Head of Human Resources received the award from Mr. Syed Nasir Hussain Shah

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Cotton exports commence, price up by Rs 100 per maund

KARACHI (Sarzameen News)- Cotton price in the country has risen sharply after receiving hefty orders from overseas buyers increasing prospects of higher exports during the current fiscal year. Ahsanulhaq, Chairman, Cotton ginners Forum said that the price of cotton has reached Rs6400 after increase of Rs100 per maund whereas the price of lint cotton also risen. Pakistan has

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Petrol crisis looms as Oil Tankers Association announce strike

KARACHI (Sarzameen News)- The Oil Tankers Association declared a strike on Monday in an attempt to force the government to cede to their demands, sparking fears of a petrol crisis across the country. The demands made by the Oil Tankers Association include increasing the transportation fare. They also demanded a ban on oil tankers that transport oil

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Motorcycle production rises 34.81pc in two months

ISLAMABAD (Sarzameen News)- The motorcycles production in the country witnessed a sharp increase of 34.81 per cent during first two months (July-August) of the year 2017-18 as compared to same period of last year. The motorbikes production jumped to 324,824 units in July- August (2017-18) from the production of 240,937 units in same period of last year,

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Faysal Bank Pakistan’s first commercial bank to launch virtual card

ISLAMABAD (Sarzameen News)- Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has become the first commercial bank to launch a virtual card in the country. Faysal Bank’s “Mobit Virtual Card” is a digital card that will allow secure e-Commerce purchases to meet the upcoming online payment needs even if you do not have any

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