19 June 2014 Agitation: Textile sector laments GIDC increase again

Agitation: Textile sector laments GIDC increase again

By: Express Tribune KARACHI: The textile sector, especially the producers of finished textile products, has urged the government to reduce the percentage of Gas Infrastructure Development Cess (GIDC), stressing that the sector cannot share its burden with the consumers in export markets. The federal government on Tuesday notified the levy of GIDC at different rates on […]

19 June 2014 Market watch: Index continues downward movement

Market watch: Index continues downward movement

By: Express Tribune KARACHI: The index closed its fifth consecutive negative session as political noise and law-and-order situation kept buyers at bay. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.57% or 166.62 points to end at 29,157.98. “Stocks opened positive as investor’s cheered amendments in budget that will benefit fertilisers and textiles,” said Faisal […]

19 June 2014 ATM transactions increase 5.9%

ATM transactions increase 5.9%

By: Express Tribune KARACHI: More than 390 new ATMs were installed in the first quarter of 2014, up of 5.1% from the preceding quarter, bringing the total number of ATMs in Pakistan to 8,077, according to the Payment Systems Review released by the State Bank of Pakistan (SBP) on Wednesday. ATMs remained the preferred channel for cash withdrawals, […]

19 June 2014 Selling off: KSE to auction Entitlement Certificate

Selling off: KSE to auction Entitlement Certificate

By: Express Tribune KARACHI: The Karachi Stock Exchange (KSE) is planning to auction the Trading Right Entitlement Certificate (TREC). The auction also includes the shares of KSE Limited and the assignment of proceeds of KSEL shares that are currently held in the Central Depository Company (CDC)-blocked account, of three former TREC-holders on June 24. According to […]


Posted by admin on June 19th, 2014


By: Express Tribune KARACHI: Facing new regulations and taxes, Consumer Rights Protection Council of Pakistan (CRPC) President Shakeel Baig has urged the finance ministry to provide some relief to consumers by reducing the rate of taxation on telecom services. From low-income workforce – masons, plumbers, rickshaw drivers – to the salaried-class and other professionals, telecom services […]

→ Read More
Posted by admin on June 19th, 2014


By: Express Tribune KARACHI: Pakistan Association of Auto Parts and Accessories Manufacturers (Paapam) Chairman Usman Malik on Wednesday lauded the government efforts to tax non-filers at higher rates but said that the levy of alternative minimum tax is unjust and must be withdrawn immediately. Malik, in a statement, said that his association urges the government to […]

→ Read More
Posted by Zain Abbass on June 19th, 2014


By: Express Tribune ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has granted a licence to Elengy Terminal Pakistan Limited (ETPL) for constructing a liquefied natural gas (LNG) re-gasification terminal that will handle gas supplies expected to start arriving next year. In a statement issued here on Wednesday, Ogra said it issued the licence after ETPL […]

→ Read More
Go to TOP