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Create a separate shipping fund
Published July 4, 2009, 5:00 am, rediff.com
Amidst cyclical downtrend, the shipping sector seeks the government to create a shipping fund with an initial allocation of Rs 10000 crore for acquisition of ships.
Sales tax zero rating facility for EPZ construction material likely
Published July 2, 2009, 3:48 pm, Business Recorder
ISLAMABAD (July 03 2009): The government is likely to announce sales tax zero rating facility on the import and supply of construction material by investors of Export Processing Zone (EPZ) Gwadar or development of the infrastructure through amendment in the zero rating SRO.549(I)/2008. The Federal Board of Revenue (FBR) has also given permission to export upto 50 percent of the production from ...
Uganda: Nokia to Lobby for Drop in Mobile Phone Vat
Published July 2, 2009, 5:44 am, AllAfrica.com
Nairobi — Nokia, one of the world's leading mobile phone manufacturers, will this month send representatives to Uganda, to push for the removal of Value Added Tax on mobile phones sold in the country.
Textile sector: sales tax zero-rating FBR policy backfires
Published July 1, 2009, 3:46 pm, Business Recorder
ISLAMABAD (July 02 2009): The Federal Board of Revenue (FBR) has failed to achieve the policy objective of sales tax zero-rating for the textile sector, as the amount of refund claimed by this sector is still very high.
East Africa: Sugar Millers Not Ready for Competition
Published June 29, 2009, 7:36 am, AllAfrica.com
Nairobi — High production costs will deny East African sugar producers the benefits that will come with the launch of the Customs Union of the Common Market for Eastern and Southern Africa (Comesa).
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