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Rawalpindi: 20 illegal commercial buildings demolished in Rawal Town

RAWALPINDI: Over 20 illegal commercial buildings have been demolished in Rawal Town, while teams have been formed to demolish remaining illegal constructions, Town Officer (Regulation) Aftab Chauhan told this news agency. The Superintendent Planning and Coordination said the Town Municipal Administration (TMA) had served notices on owners of over 200 illegal commercial and residential buildings.[…]

Pakistan's GDP estimated $162.6 billion per year

ISLAMABAD: Due to the economic slowdown in the country and the global financial crisis, nominal gross domestic product (GDP) of the country has been estimated at $162.6 billion in this fiscal year 2008-09 as compared with $167.5 billion in last fiscal year 2007-08 showing a decrease by $4.9 billion.

'Gross asset tax' may be new step to generate revenue

ISLAMABAD: One of the revenue generation measures might be “gross asset tax” on companys gross assets, taking into account their balance sheets. Sources told Business Recorder on Tuesday that the government is examining a proposal to levy “gross asset tax”, which might be some kind of levy on companys gross assets, declared in the balance[…]

Japan agrees to provide aid for KCR, two other projects

ISLAMABAD: Japan has agreed to provide assistance for three projects, including Karachi Circular Railway project (KCR), sixth secondary transmission and grids project of Gujranwala Electric Power Company (Gepco) and New Khanki Barrage. Japan may make formal announcement in the Friends of Democratic Pakistan (FoDP) meeting scheduled in Tokyo on April 17.

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