Pakistan News

    Reliance Gsm 3G Plans In Hyderabad Pakistan

  • ‘Tax relief for clean energy to reduce fossil fuel reliance’

    ISLAMABAD: The climate change minister, Mushahidullah Khan, said on Saturday that reduction in taxes on clean energy technologies would lessen Pakistan’s heavy dependence on coal, oil, and natural gas resources for power generation...

    He said the tax relief would also create new jobs in the solar and wind energy sectors and reduce country’s reliance on furnace oil and other fossil fuels for power generation...

  • Remittances: heavy reliance on GCC nations is imprudent

    Reliance on GCC nations (Saudi Arabia, UAE, Kuwait, Oman, Qatar and Bahrain) for attracting the bulk of remittances is not misplaced given the size and quality of Pakistani workforce employed there...

    The recent involvement of Pakistan in Qatar’s rift with the rest of the GCC nations has backfired politically...

  • Sindh’s reliance on a single tax grows

    Speaking to Dawn, Sindh’s former caretaker finance minister Shabbar Zaidi said the government’s growing reliance on a single indirect tax is not a healthy practice...

    Ali Salman, managing director of Islamabad-based economic policy think tank PRIME Institute, said the Sindh government’s growing reliance on sales tax on services creates two problems...

  • Centre should help provinces achieve fiscal self-reliance

    That is why the service sector accounts, to quote the Pakistan Business Council’s figures, for a mere 37pc in the overall tax collection though its share in GDP is close to 60pc...

    The provinces are still denied their right to collect sales tax on goods — a right granted by the British and inherited by the provinces under the 1935 Act when Pakistan gained independence in 1947...

  • Govt reliance on banks rising

    KARACHI: The government loaded another Rs401 billion on account of borrowing from scheduled banks during the three months through September, according to the State Bank of Pakistan (SBP)...

  • Japan must avoid over-reliance on yen: IMF

    ” The BoJ must stand ready to expand stimulus to meet its target, though further easing without bolder structural reforms and a credible fiscal strategy could lead to over-reliance on yen depreciation to reflate the economy, it said...

  • Indian missiles, copters, subs: Is the Reliance Group aiming too high with its ambitious defence plan?

    NEW DELHI: Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more...

    Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani's plans to turn Reliance into a major defence company may be one of his boldest...

  • Mukesh Ambani launches cheap 4G 'Reliance Jio' service in India

    MUMBAI: Mukesh Ambani, India's richest man and primary shareholder of Reliance Industries Limited (RIL), announced the launch of his mobile service network 'Reliance Jio' on Monday, The Guardian reported...

    The network will offer customers three months of free services which will be followed by free calls over 4G and economical data plans which will under-cut market rates...

  • Govt under fire in Senate for reliance on loans

    ”He also raised questions about transparency in execution of the China-Pakistan Economic Corridor (CPEC) projects, saying that the terms and conditions on which loans were being obtained must not be kept secret as it would raise doubts...

    Atiq Ahmad Sheikh had expressed apprehensions that the people who had transferred their wealth abroad would now get a legal way to bring it back to Pakistan under the scheme...

  • Growing reliance on remittances

    PAKISTAN’S reliance on remittances keeps growing even though exports have started showing a double-digit increase and prospects of foreign investment inflows look brighter...

    That remittances are gradually catching up with Pakistan’s exports is evident from the fact that the country’s exports of $17...

  • Rs5m fine imposed on Reliance Paints

    ISLAMABAD: The Competi­tion Commission of Pakistan (CCP) has imposed a penalty of Rs5 million on Reliance Paints Pakistan for fixing a minimum resale price of its products and making its dealers adhere to a price fixing agreement that is a violation of Section 4 of the Competition Act, 2010...

    The complaint was lodged by Akzo Nobel Pakistan Ltd to CCP alleging that Reliance Paint was fixing the minimum resale price for its products...

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