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August 22, 2017

Business

Petrol and diesel prices increased in Pakistan

Islamabad – With from December 1, 2016, the government has increased the price of petrol and diesel. Federal Minister Ishaq Dar told that OGRA recommended a hike of rupees 6.24 in petrol price but the government refused to accept that rate. He told that petrol and diesel prices were increased but the kerosene oil and

New companies ordinance 2016 introduced

Islamabad – To improve the management in corporate sector new Companies Ordinance 2016 has been introduced. Tax Experts claim that it will be a game changer for the corporate sector. Now the world has totally changed as compared to 1980 and laws are also being altered. The changes in the companies act are being improved

FBR extends Income Tax Returns filing date

Islamabad- The federal minister for Revenue and Privatization Ishaq Dar after consultation with the chairman FBR Nisar Muhammad has extended the date of filing returns. The date has been extended up to 15 December 2016. Previously the last date was 30 November 2016 on which returns were received till 10.00 pm in the FBR offices

OGRA asks for increase in price of petroleum products

Islamabad –  Oil and Gas Regulatory Authority  (OGRA) has advised the government to increase prices of petroleum products by 7.5 percent in the country for the coming month December 2016, due to rising global crude prices. The summary was sent to the ministry of petroleum on Tuesday recommending the inflation in the petroleum products including

Iceland takes on UK supermarket chain Iceland Foods over trademark

REYKJAVIK (Reuters) – Iceland said on Thursday it had taken legal action against Iceland Foods Ltd over the British supermarket chain’s trademark registration for the word “Iceland”.    Iceland’s foreign ministry said the Europe-wide registration had often left Icelandic firms unable to describe their products as Icelandic and the government had therefore asked the European

PEMRA holds first auction of DTH licenses

Islamabad – The Pakistan Electronic Media Regulatory Authority (PEMRA) completed its first auction of-of DTH licences. Three licences were auctioned in which Meg International , Shahzad Skies and Star Communications qualified the bids. Chairman PEMRA Ibsar Alam said that told bid of three licenses amounted to 14 billion, 69 crore and 40 lacs. Ibsar Alam told

Google moves to restrict ads on fake news sites

Google moves to restrict ads on fake news sites By Julia Love and Kristina Cooke SAN FRANCISCO (Reuters) – Alphabet Inc’s <GOOGL.O> Google said on Monday it is working on a policy change to prevent websites that misrepresent content from using its AdSense advertising network, a move aimed at halting the spread of “fake news”

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