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The capex to be funded out of internal accruals will be on balancing, debottlenecking and modernising the facilities at the plants for productivity improvement.CG P ....
June 11, 2021 ISLAMABAD: The telecom giants have asked the government for reducing advance income tax from 12.5 to 10 percent, rationalize and harmonize GST rate at 16 percent, resolution of SIM issuance tax and reduction in Customs Duty and Regulatory Duty on telecom equipment and raw material for optic fiber cable in the budget 2021-22. According to a joint letter written by giant telcos including PTCL, Jazz, Telenor Pakistan, Ufone and Zong to Federal Minister for Finance, they were hopeful that the tax proposals approved by the federal cabinet shall be implemented in the upcoming Finance Act, further augmenting government s drive of Digital Pakistan. The telecom companies asked for reduction of advance Income Tax, from 12.5 percent to 10 percent and 8 percent by FY2021-22 and 2022-23. ....
After the press briefing, he told journalists that Pakistan and the IMF possessed stated positions and efforts were underway to get a breakthrough but it had not yet occurred. ....
S&P BSE Sensex increased by 6.67% on a total return basis in the month of May 2021. After the resurging covid-19 wave in April, markets have reacted positively to the fall in the new daily cases and overall positivity rate of infections this month. ....