FED in range of 2.5% to 7.5% imposed on locally assembled cars
KARACHI: The Federal Budget 2019-20 has proposed Federal Excise Duty (FED) in the range of 2.5% to 7.5% on locally manufactured or assembled motor cars, SUVs and other motor vehicles,…
FED at the rate of 17 percent proposed on edible oils, ghee
KARACHI: The Federal Budget 2019-20 announced on Tuesday has proposed Federal Excise Duty (FED) at the rate of 17 percent on edible oil and ghee. Vegetable ghee and cooking oil…
Sales tax on sugar increased to 17%
KARACHI: Federal budget 2019-20 has proposed to increase sales tax on sugar to 17% from existing 8.0%. Presently Sugar is subject to sales tax at 8%. This sector has huge…
PTI government proposes to rescind SRO 1125
KARACHI: PTI government has proposed to rescind SRO 1125(I)/2011, thus restoring standard rate of 17 percent on import of raw materials by five value added export oriented sectors. SRO 1125(I)/2011…
New regime proposed to counter trade based money laundering
KARACHI: Money laundering is a menace and source of bad publicity and economic cost; therefore the government of Pakistan has proposed a completely new regime to curb the practice of…
Income tax slabs for individual, association of persons revised
KARACHI: PTI government has revised the income tax slabs on the income of every individual and association of persons except salaried individuals. Where taxable income does not exceed Rs. 400,000,…
Income tax slabs for salaried class revised
KARACHI: The PTI government has revised the tax slabs for salaried persons vide Finance Bill 2019. Income of an individual chargeable under the head ‘salary’ exceeds 75 percent of the…
Austerity at top, reformation of tax system haul mark of PTI government first budget
ISLAMABAD: PTI lead coalition government silenced an increasingly critical opposition by resorting to austerity at top with federal cabinet deciding to receive salaries slashed by 10 per cent. Expressing commitment…
Concurrent Technologies announce a new processor board
LONDON: Concurrent Technologies Plc, a world leading specialist in the design and manufacture of high-end embedded computer boards for critical applications, is pleased to announce a new processor board. The…
AGL Energy to conduct due diligence on Vocus
SYDNEY: AGL Energy Limited (AGL) has been granted exclusive access to conduct due diligence on Vocus Group Limited (Vocus) for a period of four weeks after submitting a non-binding, indicative…
Gooroo expands further internationally with high profile Middle East partnership
SYDNEY: Gooroo Ventures Limited has signed a commerce allicence agreement with Dubai-based Biz Group, one of the United Arab Emirates’ (UAE) most highly regarded professional services, learning solutions and teambuilding…
Veriluma establishes UK business unit
LONDON: Veriluma Limited, one of Australia’s leading Artificial Intelligence (AI) companies providing prescriptive analytics software solutions, announces the establishment of a business unit, Decision Point, in the UK. Decision Point…
360 Capital Group intends to list Global Digital Infrastructure Fund on ASX
SYDNEY: Further to the Group’s announcement on 1 May 2019 that the 360 Capital Group Limited has established a 50/50 joint venture with David Yuile, telecommunications industry executive and investor,…
JAT subsidiary Sunnya Neurio to launch super premium goat infant formulas in China
NEW SOUTH WALES: Jatenergy Limited (JAT) announced that its subsidiary, Sunnya Pty Ltd, has extended its product range to include Australian made goat milk infant formula to be sold in…
Connected IO Limited penetrates large US automotive IoT market
PERTH: Connected IO Limited (CIO) has grown its penetration into the large United States automotive internet of things (IoT) market. CIO currently generates communication solutions that provide real time streaming…
TNG secures strategic investment by leading German institutions to advance Mount Peake
SYDENY: Australian strategic metals company TNG Limited has secured a strategic investment from two leading German-based institutions, DELPHI Unternehmensberatung AG (DELPHI), the parent company of Deutsche Balaton AG, and Sparta…
Rox commences drilling at Mt Fisher Gold Project
SYDNEY: Rox Resources confirmed it has commenced a substantial drilling program at the Mt Fisher Gold Project which is located in the north eastern Yilgarn Craton. The drilling is targeting…
Compass Group agrees to acquire Fazer Food Services
LONDON: Compass Group PLC, a leading global food service company, has signed an agreement with Fazer Group, an international family-owned FMCG and direct to consumer group, to acquire Fazer Food…
DMG technology ready to solve exported plastic waste crisis
LONDON: PowerHouse Energy Group plc, the UK technology company pioneering hydrogen and clean energy production from waste plastic, is pleased to respond to the first part of BBC1’s documentary ‘War…
Launch of SDL language cloud
MAIDENHEAD, UK: SDL PLC, a global leader in content creation, translation and delivery, today previews SDL Language Cloud, the first end-to-end intelligent translation solution powered by Hai, the SDL Linguistic…