Friday , November 24 2017

Business News

Concern shown over sales tax on exports of IT enabled services

Concern shown over sales tax on exports of IT enabled services

KARACHI: Pakistan Software Houses Association for IT and ITES (P@SHA) expressed concerns over Sindh government’s plans to continue imposing sales tax on exports of information technology enabled services (commonly known as call centers and BPO services). In a statement issued here, P@SHA said this treatment is unique to only Sindh …

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World Bank approves $233m package for Pakistan

World Bank approves $233m package for Pakistan

ISLAMABAD: The World Bank (WB) has approved a package of $223 million to help millions of Pakistanis, especially women and the poor, to get access to financial services and to improve living conditions in parts of Karachi. The project would improve access to financial and banking services for 50 percent …

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US bans import of shrimps from Pakistan

US bans import of shrimps from Pakistan

KARACHI: The US has banned import of shrimps from Pakistan for not installing turtle excluder devices in fishing nets. The US Food and Drug Administration (USFDA) claimed that the ban, came into effect since May 1, had been imposed because the Pakistani fishing industry failed to ensure installation of turtle …

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Uber CEO quits Trump’s business advisory group

Uber CEO quits Trump's business advisory group

SAN FRANCISCO/WASHINGTON: Uber technologies Inc Chief government Officer Travis Kalanick stop President Donald Trump’s trade advisory team on Thursday amid mounting power from activists and workers who oppose the administration’s immigration insurance policies. Critics included Uber drivers, many of whom are immigrants themselves. “joining the team used to be not …

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More big you are less tax to pay

More big you are less tax to pay

KARACHI: Karachi, the seaside city of Pakistan having 20 million inhabitants, eating places, inns, department shops, meals courts, five superstar lodges, is the limelight of the foodies electorate. the entire year these eating places, hotels, food courts and others are full with shoppers taking huge money from clients in return …

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Privatization Commission approves leasing out PSM

Privatization Commission approves leasing out PSM

ISLAMABAD: The board of Privatization commission on Tuesday approved leasing out Pakistan metal Mills (PSM), Geo news said. Muhammad Zubair, chairman Privatization fee presided over the assembly of the board right here Tuesday. chatting with Geo television, Zubair said, “the final choice of leasing out PSM will be taken with …

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