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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 744.343m for ports and shipping in budget 2011-12

ISLAMABAD: In the budget 2011-12, the government has allocated Rs 744.343 million for various projects of the Ministry of Ports and Shipping in the Public Sector Development Programme (PSDP). According to details, the said amount will be spent on the three on-going projects of the Ministry. Around Rs 27 million have been earmarked for Gwadar[…]

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[…]

Malir River Expressway project reviewed

Nespak has been appointed as consultant for construction of the Malir River Expressway from DHA Phase-VII to the Superhighway. The company will conduct the full study of the project and submit its feasibility report within two months after which measures will be taken to commence work on the project.

Additional development charges in DHA

THE Defence Housing Authority, Karachi, has been demanding additional development charges one after the other for phase VIII. In October 2004 they levied additional development charges at the rate of Rs500 per square yard for a residential plot payable by those persons who had not ‘A’ leased their plots up to Oct 1, 2004, while[…]

What is the worth of our cabinet ministers?

ISLAMABAD: The asset declarations of the federal cabinet members reveal the fluctuation in their fortunes during the past three years. Federal minister for religious affairs and labour and manpower, Syed Khursheed Shah’s assets were worth Rs11,900,000 in 2010. His two wives own assets worth Rs27,578,000 and Rs26,734,000 respectively. In 2009 his wealth valued Rs51,610,000 while[…]

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