He was a founding member of the party SAMAA | Noor Ul Arifeen - Posted: Jul 14, 2021 | Last Updated: 19 hours ago SAMAA | Noor Ul Arifeen Posted: Jul 14, 2021 | Last Updated: 19 hours ago
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The founding member of the Pakistan People s Party and former minister Saifullah Khan Paracha passed away Wednesday.
The 89-year-old leader has been ill for some time and was undergoing treatment at a private hospital in Karachi, according to provincial media coordinator Hayat Khan Achakzai.
Paracha was a member of PPP s central executive committee and a close aide of former prime minister Benazir Bhutto.
He was appointed the senator of Balochistan and served as a provincial minister twice.
Index clocks at 47,480 level, volume recorded at 102 million shares
July 14, 2021
Market participation continued to dwindle at KSE-100 index in a range bound session on Tuesday, as looming deadline to submit Capital Gain Tax (CGT) kept investors away from the bourse.
On Tuesday, the index clocked at 47,480 level after posting a meagre 33.41 point gain by the closing bell. The index accelerated to an intraday high of 47,585.18 points and slid to an intraday low of 47,439.89 points, moving within a range of 145.29 points and closing the session in consolidation.
Earlier, trading began on a positive note and the index inched closer to the 47,600-point mark in early hours, however, investors took this as an opportunity to book profit, which interrupted the ascent and dragged the market down.
A man carries an LPG cylinder at a gas distribution centre in Peshawar. Reuters/File
ISLAMABAD: Amid criticism from stakeholders over poor consultative process, the government on Sunday indicated tax and duty concessions for storage and enhanced production of liquefied petroleum gas (LPG) with relaxations from procurement rules to the public sector entities to enable them to compete with private sector in import and sale of LPG.
At a consultative session on proposed new LPG policy, various local stakeholders, including those in public and private sectors, bemoaned the ‘haste’ in which they were called to the petroleum division on a holiday on a short notice and said it created an atmosphere of suspicion.
LPG scam surfaces during emergency moot
Importers of liquefied petroleum gas minted around Rs20b due to misuse of incentive
The local industry said that LPG is a poor man’s fuel and it is essential to keep its prices at a affordable level, which is not reflected in LPG Policy. PHOTO: AFP
ISLAMABAD:
Private sector importers pocketed billions of rupees due to misuse of the government’s Liquefied Petroleum Gas (LPG) Policy 2015 – a fact revealed during an emergency meeting that the Petroleum Division held on Sunday to discuss the new LPG policy with relevant stakeholders.
Under the 2015 policy, the local LPG producers paid 17% general sales tax (GST) whereas the importers paid only 10% GST due to an incentive announced for them by state-run Pakistan State Oil (PSO) and the Sui Southern Gas Company (SSGC).
Private sector avoids taking risks
Asad Umar says state should own and operate selective enterprises to support growth
PHOTO: FILE
KARACHI:
Federal Minister for Planning, Development & Special Initiatives Asad Umar has emphasised that the state should own and operate selective enterprises to support economic growth, as the private sector has time and again failed to make necessary investment in potential sectors and played safe in Pakistan.
Speaking at a webinar on ‘Role of the State in Economic Development’ organised by Institute of Policy Reforms (IPR) on Saturday, he said these were his personal views and not the policy of the government of Pakistan.