Page 30 - Engineering Development Board News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KARACHI: South Korean tech giant Samsung has been in talks with three investors for setting up a mobile manufacturing unit in Pakistan. Sources said out of three parties, one has a franchise from Korea which has already set up vehicle assembling plants in Pakistan under Auto Development Policy (ADP) 2016-21, while other two are different parties. They said so far no agreement has been signed as Samsung, after short listing various companies, is in the process of finalising its plan to award the licence to one of the companies for cellphone manufacturing. The world’s biggest smartphone maker...

Aiming for exports July 7, 2021 LAHORE: Pakistan’s auto industry is now looking at the government to come up with a new auto policy, as the previous long-term document that had been in effect since 2016 has expired. Auto policy 2016-21 gave consumers greater choice as new players challenged existing car assemblers. The new policy should be announced after analysing the impact of the expired policy. A look at the 2016-21 policy shows that it was only partially successful as new entrants made their mark in the market. The monopoly of three Japanese manufacturers was only partially dented. M...

Senate panel seeks lower car prices Calls EDB for briefing on pricing structure, quality and safety If the pharmaceutical sector does not reduce prices of medicines, then the government should withdraw the relief, said Sena-tor Talha Mehmood, chairman of the standing committee. PHOTO: FILE ISLAMABAD: A Senate panel on Thursday linked reduction in duties for up to 850cc cars with drop in vehicles prices, as the government has proposed lowering taxes for two years to encourage the middle class to upgrade their living standards. The Federal Board of Revenue (FBR) presented the reduced duties st...

Continuing discussion on the Finance Bill 2021 for the third-day, committee members rejected the proposal of withholding tax on non-filers’ electricity bills exceeding Rs25,000 per month. — APP/File ISLAMABAD: The Senate Standing Committee on Finance on Thursday rejected the government proposals to tax markup on Provident Fund (PF), lowering of benchmark for charging withholding tax on electricity bills and declaration of business account. The committee, led by its chairman Senator Talha Mehmood, approved the tax machinery’s proposal to abolish tax exemption on pensions and allowances o...

EDB official briefs NA panel on new entries in auto sector