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Pakistan to get Rs10.78bn Chinese locomotives
Source: The News | 14-02-2013

Pakistan and a Chinese company have finalized an agreement under which the former will buy 50 locomotives from the latter at a cost of Rs10.78 billion.

According to the Chinese company, it will supply 25 locomotives to Pakistan later this year while the rest will be shipped towards the mid of the next year.Pakistan Ministry of Railways had placed the order for 50 locomotives with the Chinese company in December last year. 


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Source: The Nation | 11-01-2013
Tax evasion in cigarette business The Anti-Illicit Tobacco/Cigarette Unit working under the Inland Revenue Wing of FBR has successfully launched its wide-ranged operations covering almost all segments of this evasion prone sector. In addition to enforcement activities audits have also been conducted identifying recoverable duty/taxes over Rs 262 million.   During the last 6 months (Ju..... Read more
Source: The Nation | 11-01-2013
Hafeez invites GE to invest in Pakistan Federal Minister for Finance Dr Abdul Hafeez Sheikh here on Thursday invited the General Electric Company to invest in Pakistan particularly in sectors where it has global expertise like aviation, transport, railways, energy and alternate energy.   A delegation led by John Rice, Vice Chairman General Electric Company, called on Federal Minister for Fi..... Read more
Source: Tribune | 29-03-2013
Drama in the State Bank: Deputy Governor likely to be sent packing by premier As the Election Commission of Pakistan (ECP) seems unwavering in its pursuit of enabling fair and transparent elections, Prime Minister Mir Hazar Khan Khoso is considering a summary to remove Ashraf Mahmood Wathra, the newly-appointed deputy governor of the State Bank of Pakistan (SBP). Wathra is a banker by profession, who served as the senior execut..... Read more
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