Senate unanimously approves 65 recommendations on Finance Bill 2019-20

ISLAMABAD, Jun 24 (APP):The Senate on Monday unanimously approved 65 recommendations on Finance Bill 2019-20 and 68 recommendations on Public Sector Development Programme (PSDP) 2019-20, containing annual budget statement, as reported by the Senate Standing Committee on Finance, Revenue and Economic Affairs.

The recommendations were moved by Chairman of the committee Senator Farooq H. Naik in the House which were adopted by the house unanimously.

The Upper House approved the recommendation of Senate body by Senator Shibli Faraz to abolish Riba from the country’s economy at the earliest.

Meanwhile proposals by Senator Kalsoom Parveen to give 10% of basic salary as ad-hoc relief to all federal government employees of grade 17 and above and 20% to the employees of up to grade 16.

The Senate also approved the recommendation of Senate body that ad-hoc relief allowances of 10% for year 2016, 2017, and 2018 should be merged in the basic pay of civil servants and armed forces.


View your FBR online tax profile after paying Rs.500

The Federal Board of Revenue (FBR) launched an online tax profiling system in collaboration with the National Database and Registration Authority (NADRA) for the audit of assets.

View your FBR online tax profile after paying Rs.500

FBR Chairman Syed Shabbar Zaidi disclosed the online tax viewing process and assured that it keeps 53 million citizens privacy at first.

The online portal has a two step verification process. The user can access the financial profile by typing the CNIC and mobile number. After that, a text message appears on PTA-registered phone with a code that you can enter into the portal to continue. The last one step is to Pay Rs500 either through e-sahulat or a credit/debit card.


The new tax system data has been complied with the assistance of
NADRA. The concerned persons can easily verify the transactions undertaken in the past by them through new tax profile system.

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Pakistani expats offer business center in UAE to help entrepreneurs from homeland

ISLAMABAD, Jan 31 (APP):Business Star Center and Zamana Group of Companies, being operated by two overseas Pakistanis in Unite Arab Emirates (UAE), have offered establishing a business center to facilitate Pakistani entrepreneurs to operate in the Emirates.
They extended the offer to Special Assistant to Prime Minister on Overseas Pakistanis and Human Resource Development (OP&HRD) Syed Zulfikar Bukhari during a meeting held the other day.
The OP&HRD ministry has assured them to provide required services in UAE for launching the business center at earliest, ministry spokesperson told APP Thursday.
He said the youth belonging to Pakistani diaspora would be able to register their companies and small start ups free of charge through this business center.

In a video statement, Zulfi congratulated the interested youth for having an opportunity to execute their business ideas in UAE, adding that a number of successful Pakistani businessmen were already working in Dubai and sending huge remittances to the country.
“Extremely pleased to have well established overseas Pakistani across the globe contributing big towards national development by helping those who are less fortunate,” he tweeted soon after meeting the delegation of Zamana Group of Companies, which called on him here.
Eulogizing their spirit, Zulfikar Bukhari thanked them for providing nesting space and business center services voluntarily to Pakistani entrepreneurs trying to settle in UAE.


SMEDA to extend business advisory services under Kamyab Jawan Programme

ISLAMABAD, Jan 24 (APP):A delegation of Small and Medium Enterprises Development Authority (SMEDA) in the leadership of Secretary Industries and Production called on Special Assistant to the Prime Minister on Youth Affairs Muhammad Usman Dar to discuss role of SMEDA in educating and handling SME sector borrowers under the proposed Prime Minister’s Kamyab Jawan Programme.
This flagship initiative of the government will not only promote SME sector in the country but will also create one million employment opportunities for the youth.

Usman Dar said, “Development of SME sector was a key to economic turnaround of a developing country like Pakistan. It not only creates employment opportunities, but also contributes significantly towards the exports and GDP growth. Therefore, government intends to extend maximum support to this crucial sector both financially and technically under Prime Minister’s Kamyab Jawan Programme.
It was decided in the meeting that SMEDA will identify top 25 SME business ventures as per latest trends in the job market both locally and internationally. It will also develop their viable feasibility reports to educate and facilitate the potential entrepreneurs and provide training in business development cycle.
Usman Dar appreciated the efforts of Ministry of Industries and Production and SMEDA for the promotion of SME sector in the country.
He also urged upon them to put in their best for the economic empowerment of youth through creation of job under SME sector.


PCMA organized a workshop to address time management for industry

A training workshop organized by Pakistan Chemical Manufacturers Association (PCMA) at PCMA head office to address the concept of time management for the industrial sector in Pakistan.

PCMA organized a workshop to address time management for industry

The ultimate aim of this workshop is the notion of time management that is mandatory to be embrace as a pre-requisite of the industry to knob the increased cost of doing business in Pakistan. The training workshop would help members to reduce the cost of production with the increased productivity.

The speakers included Mr. Ahmad Lateef, an International Time Management Expert, Syed Iqbal Kidwai, Chief Operating Officer of PCMA and a number of the practitioners of Time Management.

Representatives from various chemical industries of Pakistan including Nimir Chemicals, CHT Pakistan, Dynea Pakistan Limited, Nimir Resins, Descon Oxychem, Nimir Industrial Pakistan, Pharmagen, and DIC Pakistan Ltd attended the workshop.

PCMA Secretary General and COO Iqbal Kidwai, informed that the concept of time management has become a fundamental need in the countries like Pakistan, who are behind competitive edge due to increased cost of industrial production.

Ahmad Latif Operation Management expert said that Time Management had come up as a science in the developed world to increase productivity and congregate production targets of the industry, which should also be learnt by the local industry in Pakistan.

A comprehensive presentation given by Ahmad to the practitioners of the workshop on concepts of how not to be late for any commitments “The Art of Never Being Late”, how to prioritize your work on daily basis by introducing Eisenhower Grid and Time Quadrants.

The main focus of his presentation was how to create long term visions and to sentinel all promises and commitments. During this training participants learn how to improve quality of work by focusing on task-on-hands by creating a road map to cope time and life.

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