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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[…]
ISLAMABAD: In a major policy shift, the government has decided to involve the National Accountability Bureau (NAB) in penalising those taxpayers who intentionally hide their income to avoid paying due taxes – a decision if prudently implemented may ease the financial woes of the government.
From December 31, the National Identity card number would become the National Tax Numbers. The senate’s treasury committee meeting headed by Senator Ahmed Ali was held in Islamabad. In the meeting, Federal Board of Revenue (FBR) chairman Salman Siddique told the committee that from December 31 onwards, rather than assigning a new National Tax Number[…]
The Federal Board of Revenue (FBR) has made it mandatory for the withholding agents to mention the national tax number (NTN) or computerised national identity card (CNIC) number of the persons against whom the tax has been deducted to ensure compliance by banks.
Islamabad—Capital Development Authority (CDA) would spend Rs 650 million on various environment friendly projects during next fiscal year 2011-12. The authority is endeavoring to preserve the green character of the capital city with special focus on improving landscape, saving water resources and increasing tree plantation.
ISLAMABAD: CDA spokesman Ramzan Sajid told this scribble said that the plot for the under-construction wedding plaza was allotted some 25 years ago. “The builders have dumped construction material on the old parking space and CDA has served notices on them to clean the area within two weeks,” he said. Sajid hoped they would clear[…]
ISLAMABAD: The Capital Development Authority (CDA) received Rs2.088 billion in the federal budget announced on Friday under the Public Sector Development Programme (PSDP), allocated for various projects, the major one being the construction of 106 family suites for parliamentarians for which Rs1 billion have been provided.
These are certainly hard times for the nation which demand austerity and wise management of money all around. Following are the allocations the federal budget 2011-12 announced on Friday provides for some of the important state institutions reflecting the government’s priorities in managing the resources available to it. Presidency The expenses of the President House[…]
Pakistan Federal Budget 2011-2012
ISLAMABAD: Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry while hearing a suo moto case on Thursday observed that the people who got posted in CDA even for two days got the plots. A three-member bench, headed by CJP was hearing the suo moto case against the illegal allotment of 4,000 plots by Capital Development[…]
Govt scores a perfect ‘0’ ISLAMABAD: Pakistan missed all the macroeconomic targets announced in the budget 2010-11 but Finance Minister Dr. Hafeez Sheikh placed the entire blame on the adverse impact of the catastrophic floods, the war on terror, massive hike in oil prices and the energy crisis. The minister presented this fiscal catharsis while[…]
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[…]
ISLAMABAD: The spouse of incumbent secretary Establishment received an expensive plot in the National Police Foundation Housing Scheme in return for favours given by her husband as Chairman Capital Development Authority, documents available with The News reveal.
The Federal Board of Revenue (FBR) would continue with a major distortion in the sales tax regime by retaining Third Schedule of the Sales Tax Act 1990 in budget (2011-2012) under which manufacturers are paying sales tax of all the stages of value addition of consumer items having printed retail price.
CDA auctions 12 commercial plots on second day of bidding Member finance terms auction successful Says real estate prices to get boost in near future ISLAMABAD: The Capital Development Authority (CDA) received a good response during the auction of different categories of plots on the second day of the biddings at Aabpara Community Centre on[…]
Land mafia active to create another ‘Blue Area’ in Islamabad ISLAMABAD: The land mafia that used Federal Employees Cooperative Housing Society (FECHS) for corruption by merging the society into Jinnah Garden is now working to make another “Blue Area” in Islamabad by merging National Assembly Employees Cooperative Housing Society (NAECHS) into Jinnah Garden.
ISLAMABAD, May 30: Enthusiasm of bidders at the auction of residential and commercial plots by the Capital Development Authority on Monday belied the talk of a depressed real estate market in Islamabad. Not only more bidders turned up than did at the last such auction held in December, the Rs358.2 million that CDA received for[…]
ISLAMABAD: Capital Development Authority (CDA) has completed the multi-billion project of Zero Point Interchange (ZPI) and made all its portions functional for the traffic, giving final touches to it.
The federal capital has been divided into two session jurisdictions, well-placed sources in the Ministry of Interior told ‘The News’. The chief commissioner has issued a notification in this regard, bifurcating Islamabad into two session divisions, sources added.
Islamabad—President Starwood Hotel and Resorts, on his first visit to Pakistan, visited the Sheraton resort projects; Sheraton Hotel and Sheraton Golf and Country Club, which forms the part of a high-security, gated-access, mixed-use development “Bahria Golf City” Islamabad, soon to be launched project of Bahria Town. Also present at the occasion were Mr. Malik Riaz[…]
ISLAMABAD: Malik Waheed, CDA Chief Inspector, at H-9 Bazaar told Daily Times that growth of fruits and vegetables had stopped due to the heavy flooding of plains, and recent rains that are still continue. So it is the main reason behind price spiraling, he added.The chief inspector claimed suppliers were compelled to import vegetables; especially[…]
Pakistan supports links among ECO members Staff Report ISLAMABAD: President General Pervez Musharraf said on Friday that Pakistan fully supports the development of road, rail and other infrastructure projects, including oil and gas pipelines and power transmission lines, among members of the Economic Cooperation Organisation (ECO) as it would facilitate trade and commerce, and allow[…]
Islamabad May 03, 2011: Capital Development Authority (CDA) has announced Park Enclave-an environmental friendly model housing project in the heart of the Federal capital Islamabad consisting of 700 houses in phase-I and another 600 houses in phase–II equipped with stat of the art facilities. The Park Enclave, the first scheme of its kind introduced today[…]
