FAISALABAD – A spinning mill owner, kidnapped from Madina Town two months ago, reached home after his son paid Rs 40 million ransom to the criminal gang. Reportedly, Muhammad Siddique disappeared from Khayaban Colony on January 14, 2011, when he was going in his car from his house to Madina Town mosque for Friday prayers. The eyewitnesses told the police that several armed men stopped their car in front of the victim’s car, ordered him to alight from the vehicle at gunpoint and took
ISLAMABAD – The Federal Board of Revenue has extended the date for payment of taxes for the month of January. According to an FBR notification, the date has been extended till February 28 for payment of taxes /duties for January and filing of Sales Tax and FED returns under Section 74 of the Sales Tax Act, 1990 and Section 43 of the Federal Excise Act, 2005.
LAHORE – The Farmers Associates Pakistan (FAP) has urged the provincial government to ensure immediate payment to sugarcane growers. FAP Vice Chairman Hussein Jehanian Gardezi expressed these views in the 117th Extra Ordinary General Meeting (EOGM) of the organisation held here on Thursday.
FAP vice chairman said that payments to sugarcane growers, worth Rs 3.0 billion, were pending with Punjab’s sugar mills and farmers were struggling to get their payments. The FAP asked the
LAHORE – Young Doctors Association (YDA) Central Office Bearers including Dr Rana Sohail, Dr Salman Kazmi, Dr Aslam Rao, Dr Khalid Idrees, Dr Talha Sherwani and Dr Wajid Wazir in a combined press statement strongly protested against decision of the principal Punjab Dental Hospital to stop payment of salaries of FCPS postgraduate trainee doctors for the last two months.
The officer bearers said that the principal indulging in nepotism and the decision to stop payment of salaries
KARACHI – The institutional investors at Karachi Stock Exchange (KSE) were unable to pay the newly imposed Capital Gain Tax (CGT) on time due the absence of a regulatory and collection mechanism yet to be devised by the Federal Board of Revenue (FBR). Furthermore, the FBR last week had to extend dates for the quarterly payments of CGT to a period that, the investors believe, is “too short” and, therefore pressuring them.
Taxpayers from brokerage houses, banks, Development
The international oil giant, Shell Pakistan is irked over continuous delays in payment of over five billion rupees by the government of Pakistan on account of price differential claims, sales tax and petroleum development levy refunds.
In addition, the petroleum company is also negotiating with relevant fiscal authorities in Islamabad to reconsider doubling of minimum tax on turnover to one percent.
“The company is suffering an immense burden due to the doubling