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GE inks pact for 330 MW plant service in Thar

Khudayar Mohla ISLAMABAD, (TLTP): GE Power announced that it has won equipment and services deals worth more than US$60 million to power and provide critical maintenance services for a period of 12 years for the 330 megawatts (MW) Thar Energy Limited (TEL) Power Plant in Pakistan.The agreement was signed in China on the other day. […]

CCP approves Alipay as first mover in Pakistan

Khudayar Mohla ISLAMABAD, (TLTP): Alipay secured the first mover advantage in online commerce and digital banking in Pakistan as the Competition Commission of Pakistan (CCP) formally approved Alibaba subsidiary to acquire 45 percent shares of the Telenor Microfinance Bank Limited Pakistan on Wednesday. Alipay is a third-party mobile and online payment platform owned by the […]

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Toyota dealer challenges amendment in ITO 2001

Khudayar Mohla ISLAMABAD, (TLTP) : Islamabad High Court on Tuesday issued notices to government over a plea seeking declaration of an amendment of Income Tax Ordinance 2001 illegal that bared non-filers from purchasing new car. Government had made amendment in the Income Tax Ordinance 2001 during May 2018 while inserting Section 227 C in the […]

SECP incorporates 1395 companies in October 2018

TLTP Report ISLAMABAD, (TLTP): Securities and Exchange Commission of Pakistan (SECP) registered 1,395 new companies during October terming it a growth of 63 percent as compared to the corresponding month of last financial year. SECP issued press release on Tuesday saying foreign investment has been reported in 65 new companies which are from China, France, […]

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Chinese President visits Pakistan pavilion at CIIE

TLTP Report ISLAMABAD, (TLTP): Chinese President, Russian Prime Minister, other world leaders visited Pakistan pavilion at China International Import Expo (CIIE) in Shanghai on Monday. According to Radio Pakistan, Prime Minister Imran Khan, members of the Cabinet and CM Balochistan received Chinese President Mr Xi Jniping who visited Pakistan Pavilion at CIIE. President Xi was […]

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Nepra imposes two million rupees fine on K-Electric

Khudayar Mohla ISLAMABAD, (TLTP) : K-Electric has been asked to pay fine of two million rupees over failure to restore power supply within the prescribed time frame as well as ensuring safety of public in Karachi more than a year ago. National Electric Power Regulatory Authority (Nepra) said in a statement on Wednesday that it […]

SC to examine legality of Pakistanis property abroad

Khudayar Mohla Islamabad, (TLTP) Supreme Court has decided on Thursday to ascertain income source of 20 Pakistanis who hold properties abroad and availed previous government amnesty scheme. Resuming the hearing of a case over foreign accounts of Pakistanis, a three-member bench led by Chief Justice Mian Saqib Nisar came up with the decision after examining […]

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FPCCI Executive Committee to meet on October 02

ISLAMABAD : The meeting of Executive Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will be held on October 02 (Tuesday), at 2.30 PM simultaneously at FPCCI Capital House Islamabad (Chair), FPCCI Head Office Head Office Karachi and Regional Office Lahore , through video link. Agenda of the meeting to be […]

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PEW criticises encouragement of non-filers

ISLAMABAD : The Pakistan Economy Watch (PEW) on Saturday said relaxation given to non-filers for purchasing property and cars has encouraged tax evaders and corrupt. The decision will hit the efforts to broaden tax net, stop the influx of black money into real estate market, stabilise the price of plots and homes, and bring an […]