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Business

March 21, 2017

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Briefs

Briefs

Briefs

SSGC ready to distribute RLNG

By our correspondent

KARACHI: Saeed Ahmed Larak, SGM director of Sui Southern Gas Company (SSGC), has said the utility was ready to distribute RLNG to industries as per their requirements.

During his visit to Korangi Association of Trade and Industry (KATI) on Monday, the SGM said industries, which required additional gas, should inform their concerned associations. He said the SSGC was ready to structure a mechanism for RNLG with the consultation of industries.

He said gas consumption was growing on a daily basis. “Meeting provincial consumption was the top priority of the utility, only gas acquired from other resources will be sold out to other provinces,” the SSGC official said.

KATI president Masood Naqi assured of providing assistance to reduce unaccounted for gas (UFGO). Other members of KATI informed high level officials of the SSGC regarding the load problems and also put up their suggestions to settle the load, billing and other issues.

 

PIAF welcomes FBR move

By our correspondent

LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the move of the Federal Board of Revenue (FBR) to give some incentives such as tax credits to new and existing filers of income tax to ensure timely returns filing and encourage compliance, a statement said on Monday.

PIAF chairman Irfan Iqbal Sheikh said that besides giving incentives, the problems of taxpayers must be settled and resolved at the earliest in case of a conflict. The business community cannot waste their precious time and money in unproductive things such as legal battles or bureaucratic red tape, he added.

The number of taxpayers have decreased from 1.1 million in the previous year to 0.9 million this year, mainly due to abuse of Section 38-B of the Sales Tax Act, the PIAF chairman said.

 

Groundbreaking of power plant today

By our correspondent

KARACHI: The groundbreaking of 1,320MW coal-fired power plant in Hub, will take place on March 21 (today), a statement said on Monday.

The project is being constructed by China Power Hub Generation Company (CPHGC), a joint venture project company setup by the Hub Power Company (Hubco) and China Power International Holding Ltd (CPIH), it added.

With an estimated cost of $2 billion, the project is one of the largest coal-based power projects being constructed under the China-Pakistan Economic Corridor.

 

Global investment conference in May

FAISALABAD: The eighth international investment conference "Sarajevo Business Forum (SBF) 2017" will be held in Sarajevo on May 22-23. Sources in the Trade Development Authority of Pakistan (TDAP) said the Sarajevo Business Forum (SBF) will provide networking opportunities for all participants, enabling them to promote their companies, organisations, products, ideas, etc. "SBF 2017 will also provide an opportunity to the participants to showcase their products ranging from agriculture, energy, education, finance, infrastructure, construction, services, tourism and other industries," the source added.

 

Bank Alfalah clinches IFM Award

News Desk

KARACHI: Bank Alfalah has bagged the International Finance Magazine Award in “Best Credit Card Offering” category at IFM Awards, organised the by International Finance Magazine in Singapore for recognising best-in-class banks and financial institutions, a statement said on Monday. Bank Alfalah is the only bank in Pakistan to have achieved the prestigious IFM Award, it added. The award was presented after thorough evaluation of Bank Alfalah’s credit card service. The service was recognised for its unprecedented innovation, loyalty programmes, customer service and number of credit card offered, it added.

 

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