Zero rated tariff on capital goods urged– Syed Mazhar Ali Nasir

Syed Mazhar Ali Nasir, Senior Vice President and Chairman of the Budget Advisory Council of FPCCI in the budgetary proposals prepared under his guidance has urged the Federal Board of Revenue (FBR) that there should be zero percent duty on import of capital goods – if not manufactured locally – for all industrial concerns as well commercial importers as all the capital goods (plant and machinery) are ultimately used by the industry.

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Standard Chartered and Emirates airline unveiled a new Emirates Standard Chartered Debit Card for their shared customers. The new card is an extension of the partnership between the two companies which was announced last year with the launch of a co-brand Credit Card.

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PM chairs Cabinet meeting on power crisis in Karachi

Keeping in view the serious power crisis in the Karachi port city, Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Cabinet Committee on Energy at the Governor House in Karachi today. The meeting was attended by Governor Sindh, Chief Ministers of Sindh and Punjab, Federal Minister for Power, Minister of State for Power, Adviser to PM on Finance Miftah Ismail and senior officials.

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Engro Corporation profits up by 48% in 1QCY18

According to local research house report, Engro Corporation (ENGRO) announced 1QCY18 NPAT of PRs4.19bn (EPS: PRs8.01), up by a massive 48% YoY. The result was above markets expectation of NPAT PRs3.78bn (EPS: PRs7.23) as both key subsidiaries Engro Fertilizer (EFERT) and Engro Polymer (EPCL) posted above expected results.

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NIC Karachi ready to start from next month

LMKT, an award-winning full-service technology company based out of Islamabad, along with its partners is pleased to announce that National Incubation Center Karachi is ready to start its operations in May. LMKT is setting up the NIC Karachi in partnership with the NED University, HBL, PTCL, PPAF, Founder Institute and i2i, with funding from Ignite (formerly National ICT R&D Fund).

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