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NIC number to become National Tax Number

The senate’s treasury committee meeting headed by Senator Ahmed Ali was held in Islamabad. In the meeting, Federal Board of Revenue chairman Salman Siddique told the committee that from December 31 onwards, rather than assigning a new National Tax Number (NTN), the National Identity Card (CNIC) number would be given the NTN status. He said[…]

Rs 1.1 billion allocated for Gwadar Int’l Airport

ISLAMABAD: The government has allocated Rs 1100 million under Public Sector Development Programme (PSDP) for New Gwadar International Airport during the year 2011-12. According to details, the total estimated cost of the project is Rs 7675 million, which included Rs 1464 million of foreign loan. The total expenditure of the project up to June 2011[…]

Cabinet approves budget 2011-2012

ISLAMABAD: The special meeting of the federal cabinet, chaired by Prime Minister Yousuf Raza Gilani, approved budget for the fiscal year 2011-2012, Geo News reported. The meeting was informed that national forex reserves have reached at record 17 billion dollar, while about 12 billion dollar in remittance is expected. It was also informed that Rs730[…]

China agrees to run Gwadar port

ISLAMABAD: Defence Minister Chaudhry Ahmed Mukhtar said on Saturday that China had “acceded to Pakistan’s request to take over operations” of the Gwadar port as soon as the agreement with the Singapore Port Authority expired. The minister, who had accompanied the prime minister during his visit to China, issued a statement to press about the[…]

China to take control of Gwadar Port

Defence Minister Ahmed Mukhtar said that China has agreed to take control of operations at the Gwadar Port. In a statement issued after his visit to China, the Defence Minister said that China will take over control of the Gwadar Port Authority once the contract with the Port of Singapore Authority (PSA) expires.

No Chinese naval base being built at Gwadar port: FO

ISLAMABAD: The Foreign Office on Saturday denied suggestions that the Gwardar port was being developed as a naval base for China, saying a news report in this regard was not correct. “It is being developed as a commercial port which will increase Pakistan’s trade relations with the Middle East, Central Asia and Europe and provide[…]

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