Business News

وزیر اعظم کے مشیر برائے تجارت ، ٹیکسٹائل ، صنعت ، پیداوار ، اور سرمایہ کاری عبدالرزاق داؤد نے اعلان کیا ہے کہ حکومت آنے والے دنوں میں برآمد کنندگان کو لیکویڈیٹی کی پریشانیوں کو کم کرنے کے لئے ایک امدادی پیکیج دے گی۔ ٹویٹر پر گفتگو کرتے ہوئے ، وزیر نے برآمد کنندگان کو یقین دلایا کہ حکومت کورونا وائرس کی وجہ سے برآمد کنندگان کو درپیش مشکلات سے پوری طرح آگاہ ہے۔ وزیر تجارت برائے تجارت ، ٹیکسٹائل ، صنعت و پیداوار ، اور سرمایہ کاری عبدالرزاق داود نے ٹویٹر پر بتایا کہ وزارت تجارت نے مختلف منصوبوں کے تحت ٹیکسٹائل برآمد کنندگان کو 9.37 ارب روپے جاری کیے ہیں۔

*FBR to launch online production monitoring of three major sectors: Cement, Sugar, Fertilizer through online Trade and Trace System* Federal Board of Revenue (FBR) to launch online monitoring of production in three major sectors for preventing tax evasion. The FBR has decided to launch real-time monitoring of production by cement, sugar and fertilizer sectors in order to prevent tax evasion. In this regard the FBR issued Invitation for Licence (IFL) for IT based solution for Electronic Monitoring (Trade and Trace System) of specified products i.e. cement, sugar and fertilizer. The FBR said that the trade and trace system established, maintained and operated must enable FBR to monitor production activities and to generate real-time information volumes produced at the manufacturing sites, including verification data of collection of applicable taxes relating to specified goods produced. The track and trace system must be able to provide FBR enforcement officials and delegated agenci...

The Board of Directors  of Packages Limited (PKGS) met on Friday to review the company’s performance and announce its financial results for the accounting year ended December 31, 2019. During the meeting, the board recommended a cash dividend to the shareholders for approval at the Annual General Meeting , purposed to be held on April 29, 2020. The BOD recommended dividend to the preference share/convertible stockholder (International Finance Corporation) as per the term of the subscription agreement between Packages Limited and IFC; and to the ordinary shareholders at the rate of 120pc i.e. Rs12 per ordinary share of Rs10 (2018: cash dividend 150pc i.e. Rs15 per ordinary share of Rs10). The packaging giant posted a profit after tax of Rs1.346 billion during the period under review as compared to Rs2.736 billion during the same period last year, showing a decline of 50.8pc. Meanwhile, the company’s consolidated profit after tax clocked at Rs278 million as compared to Rs1....

The COVID-19 pandemic could be brought under control in June if all impacted countries take the virus seriously and implement strong national-level measures to control it, said Zhong Nanshan, a well-known Chinese respiratory expert and head of its top-level panel of scientists against the new coronavirus outbreak. He warned in south China’s Guangdong province that many countries are still not taking the virus seriously enough and called for strengthened international communication on COVID,19 amid the global spread, according to China Global Television Network (CGTN). “In general, coronaviruses are less active in summer when the temperature is relatively high,” Zhong explained. “But the end of the epidemic depends heavily on how seriously every country is taking it. “With more hard-hit countries taking it seriously, I believe it is possible to end the epidemic by the end of June,” he added. The World Health Organization (WHO) has declared the outbreak a pandemic. “That's the hi...