lahore - The auto industry experts believe that the much trumpeted amnesty schemes has caused a loss of Rs 15 billion to national exchequer.According to simple mathematics, the experts believe that amnesty schemes announced and trumpeted in a manner as if it has brought in additional revenue ...

ISLAMABAD - The national exchequer will suffer a loss of 1.5 million dollars if NADRA’s sophisticated software designed for providing voting facility to overseas Pakistanis is not used in the upcoming general elections apparently due to the delaying tactics used by the Election Commission of ...

Chief Minister Punjab, Mian Muhammad Shahbaz Sharif has said that end of rule of the looters of national exchequer was drawing near.He stated this while talking to Sajjada Nasheen, Sheikh Fazal Sharif Burewala, Khawaja Noor Muhmmad Sahu who called him here in Lahore on Thursday.Shahbaz Sharif said ...

KARACHI - All major commercial and trade centres in Karachi remained closed on Saturday causing a loss of nearly Rs4 billion to the state exchequer.Public transport remained off the road. People leaving for offices looked helpless as rickshaw and taxi drivers resorted to over-charging in absence of ...

ISLAMABAD - Chairman Federal Board of Revenue (FBR) Salman Siddique on Monday informed the apex court that over Rs 47 billion were evaded as 23,882 containers of commercial category under Afghan Transit Trade (ATT) destined from Karachi port to Afghanistan were missing. A three-member bench ...

LAHORE-The 28th session of Punjab Assembly convened on Oppositions requisition only lasted for one-day, but it cost the exchequer over Rs 12 million in terms of daily allowance for Assembly members and its staff which is also given additional payment during the period it remains in session. ...

ISLAMABAD - There is a need to bring proper focus on efficacious implementation of tobacco control laws across the country and for curtailing sale of smuggled, duty-unpaid, and non-compliant tobacco products as more than 15 billion smuggled and duty-unpaid cigarettes are sold annually in ...

ISLAMABAD - Pakistan Muslim League (Nawaz) MNA Khawaja Muhammad Asif on Tuesday informed the Supreme Court that LPG contract awarded to Jamshoro Joint Venture Limited (JJVL) in a non-transparent manner to oblige certain generals, politicians and bureaucrats. He informed a two-member bench ...

LAHORE-The Punjab Assembly which completed its third Parliamentary year on March 31, passed 41 bills in 101 days which cost national exchequer around Rs 287.7 million, much to the dismay of senior Parliamentarians who believe that the cost is too high for the legislation. Besides its routine ...

KARACHI - The trade and industry has expressed its dismay over the outcome of Pakistans negotiations with International Monetary Fund (IMF) and World Bank and termed it extremely hopeless. The Patron-in-Chief Korangi Association of Trade and Industry (KATI), Chairman Razzak Hashim Paracha, Vice ...

ISLAMABAD The Auditor General of Pakistan in the audit report for the year 2009-10 has pointed out that rental power contracts were awarded without competitive bidding which cost national exchequer a loss of US $63.832 million. Audit Report 2009-10 pointed out that three rental contracts were ...

ISLAMABAD Incurring Rs2.305 million, Pakistan Broadcasting Corporation (PBC) officers visited abroad without getting prior clearance/NOC from Finance Division. The expenditure incurred Rs 2,304,926 on the PCB officials visit abroad was held irregular as no clearance was taken from Finance ...

ISLAMABAD Taking notice of the Trade Development Authority of Pakistan (TDAP), the Public Accounts Committee (PAC) on Tuesday asked the Authority to deposit Rs664 million earned through the sale of textile quota in the national exchequer. Reviewing the audit report of the Ministry of Trade and ...