Year Book 2018–2019
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SUMMARY of TAX EXPENDITURE 2021 Income Tax Estimates
SUMMARY OF TAX EXPENDITURE 2021 Tax Expenditure Report 2021 for federal taxes, based on data pertaining to FY 2019-20, amounted to an estimated Rs. 1,314.27 billion. Tax expenditure in sales tax amounted highest at Rs. 578.46 billion (44% of the total), while in income tax amounted to Rs. 448.05 billion (34%), and in Customs, to Rs. 287.77 billion (22%). In last fiscal year 2019-20, FBR’s tax collection was Rs. 3,997.4 billion. Hence, tax expenditure to total collection ratio comes to about 33%, and tax expenditure to GDP ratio stands at around 3.2%. The tax expenditure estimates are unadjusted amounts, meaning that elimination or repeal of a specific exemption would not necessarily produce the rupee amounts cited in this report. Actual receipts would depend on enforcement, taxpayer compliance, effective dates of legislation repealing the exemption, exact wording of any legislation, taxpayer’s behavior, and some other economic factors. This report briefly outlines federal tax exemptions and concessions. These descriptions do not grant rights or impose obligations; rather, the tax laws and rules made thereunder determine actual tax liability. Each estimate is based on the best information available from public and private sources, including FBR’s database. It would be exceptionally burdensome on taxpayers to require detailed reporting of transactions corresponding to each of the exemption sections and clauses. No such detailed reporting is imposed by statute or rules. Consequently, tax returns do not contain data sufficient to estimate the value of all exemptions and exclusions. Estimation requires identification of pertinent, useful data available from various external sources. -
Survey on Strengthening Bilateral Economic Relationship Between Pakistan and Japan FINAL REPORT
Survey on Strengthening Bilateral Economic Relationship between Pakistan and Japan FINAL REPORT February 2019 Ministry of Economy, Trade and Industry International Development Center of Japan Inc. (IDCJ) CONTENTS Chapter 1 Overview of Pakistan’s Economy .................................................................. 1 1-1 Macro Economy ....................................................................................................... 1 1-2 Industry................................................................................................................... 2 1-3 Trade ....................................................................................................................... 4 1-4 Inward Foreign Direct Investment ......................................................................... 6 Chapter 2 Pakistan’s Business Environment ................................................................ 8 2-1 Government Organization ...................................................................................... 8 2-2 Business-related Acts .............................................................................................. 9 2-3 Approval and Authorization for Foreign Direct Investment .................................10 2-4 Investment Policy .................................................................................................. 11 2-5 Infrastructure ........................................................................................................14 2-5-1 Electric Power .....................................................................................................14 -
Shell-Annual-Report-2019.Pdf
ANNUAL REPORT 2019 1 2 SHELL PAKISTAN LIMITED CONTENTS GOVERNANCE & COMPLIANCE Company Information........................................................................................................................... 06 Vision................................................................................................................................................ 07 Statement of General Business Principles.................................................................................................. 08 Chairperson’s Review............................................................................................................................ 12 Board of Directors ............................................................................................................................... 20 Report of the Directors ......................................................................................................................... 24 Notice of Anuual General Meeting ........................................................................................................ 28 Statement of Compliance ..................................................................................................................... 30 Independent Auditors’ Review Report ...................................................................................................... 33 OUR PERFORMANCE Retail ............................................................................................................................................... -
1. Syed Khalid Siraj Subhani 2. Mian Asad Hayaud
PROFILE OF CANDIDATES WHO HAVE FILED THEIR INTENTION TO OFFER THEMSELVES TO CONTEST IN THE ELECTION OF DIRECTORS AT THE 11th EXTRAORDINARY GENERAL MEETING SCHEDULED TO BE HELD ON MARCH 17, 2021. 1. Syed Khalid Siraj Subhani Mr. Subhani is a Chemical Engineer with Executive Management Program from Haas School of Business, University of California, Berkeley and Leadership program from MIT, Boston. A seasoned executive, his career spanned over 33 years with Exxon Chemical Pakistan Limited, which subsequently became Engro Chemical Pakistan Limited and later Engro Corporation Limited. This included long term assignments with Esso Chemical Canada in Edmonton and at ICI site in Billingham UK. Over the years, he worked in numerous senior executive positions at Engro and played instrumental role in growth and diversification of the company to make it one of the largest business conglomerates of Pakistan. Prior to retirement from Engro he worked as President and Chief Executive Officer of Engro Corporation Limited, Engro Fertilisers Limited and Engro Polymer and Chemicals Limited. Mr. Subhani also served as President and Chief Executive Officer of ThalNova Power Thar Private Limited for a period of two years. Earlier Mr. Subhani also served on the board of Engro Corporation Limited (Director), Hub Power Company Limited (Director), Engro Foods Limited (Director), Sindh Engro Coal Mining Company Limited (Director), Laraib Energy Limited (Director), Engro Fertilisers Limited (Board Chairman), Engro Polymer and Chemicals Limited (Board Chairman), Engro Vopak Terminal Limited (Board Chairman), Thar Power Company Limited (Board Chairman), Engro Powergen Qadirpur Limited (Board Chairman), Engro Elengy Terminal (Private) Limited (Board Chairman) and Engro Eximp Agri Products (Private) Limited (Board Chairman). -
PM Pledges to Protect, Promote Businesses
10th December, 2018 PM pledges to protect, promote businesses Prime Minister Imran Khan on Sunday took into confidence the business community vowing to unveil a proper economic reform agenda to steer the country out of the current economic crisis. Also, the PM assured that his government was making all-out efforts to promote and protect business and investment in the country. During his day-long official visit to Karachi, the PM met with delegations of various trade associations, industrialists, provincial government officials, Pakistan Stock Exchange (PSX) representatives, Karachi Chambers of Commerce and Industry (KCCI), Overseas Investors Chamber of Commerce and Industry (OICCI) officials political party leaders etc and assured them to protect and promote the overall business environment in the country. In an interactive session with the managing committee members of Overseas Investors Chamber of Commerce and Industry (OICCI) at the Governor''s House the PM promised full support to foreign investors in addressing their issues and also shared salient points of the government''s economic recovery strategy. "We are working on a clear path for recovery and that the benefit of the revised economic strategy will be visible during the next six to nine months" Imran said. The Prime Minister promised to unveil in the coming weeks a proper economic reform agenda showing a clear road map for taking the country out of the current economic crisis. In a meeting with a delegation of the office bearers and brokers of Pakistan Stock Market Exchange headed by PSX''s Chairman Suleman Mehdi, the Prime Minister said his purpose of visit was to seek suggestions from traders and industrialists for the betterment of the national economy. -
Factors Affecting Consumer's Purchase Intention When Buying a Sedan Car
Factors Affecting Consumer's Purchase Intention When Buying Toyota Corolla in Pakistan By AHSAN RAZA AYESHA MAJID VINZA ZAFAR YAHA REHMAN MBA-II-C MARKETING RESEARCH SUBMITTED TO PROF. SAAD SHAHID RUNNING HEADER: Marketing Research Toyota Indus Motors 1 Table of Contents Executive Summary ................................................................................................................... 4 Introduction ................................................................................................................................ 6 Background ............................................................................................................................ 6 Why did we choose this company? ........................................................................................ 9 Literature Review..................................................................................................................... 10 Industry Analysis ..................................................................................................................... 13 Competitor analysis ......................................................................................................... 13 Automotive Industry trends in Pakistan ........................................................................... 13 Company Analysis ............................................................................................................... 15 Problem Definition.................................................................................................................. -
October 1-15, 2019
October 1-15, 2019 1 Table of Contents 1: October 01, 2019…………………………………………………………......03 2: October 02, 2019………………………………….……………………….....06 3: October 03, 2019…………………………………………………………......13 4: October 04, 2019…………………………………………………...…...........16 5: October 05, 2019………………………………………………..…..........…..18 6: October 06, 2019………………………………………………………….….22 7: October 07, 2019……………………………………………………………..25 8: October 08, 2019……………………………………..………………….........29 9: October 09, 2019…………………………………………...…………….…...34 10: October 10, 2019…………………………………………………….............40 11: October 11, 2019…………………………………………………………….45 12: October 12, 2019…………………………………………………………….46 13: October 13, 2019…………………………………………………………….54 14: October 14, 2019……………………………...………………………….......55 15: October 15, 2019………………………………………………………...…...58 Data collected and compiled by Almas Noor and Rabeeha Safdar. 2 October 01, 2019 Daily Times Pak-China one nation, have brotherly relations: Yao Jing Ambassador of China to Pakistan Yao Jing has said that Pakistan and China are one nation as ―we not only share the physical boundaries but also have brotherly relations‖. He was speaking during his visit to Peak Montessori and High School Rawalpindi on Tuesday where a ceremony was organised in connection with the 70th National Day of China. The students presented beautiful Cultural performances in the Honor of China‘s Ambassador and also cut a cake. Ambassador Yao Jing said that we are having many trade projects contributing in the mutual development of Pakistan and China. He expressed the importance of CPEC by claiming that around 20,000 students can go to China for higher studies annually. He focused on the importance of education and he said that students must pay attention to their studies, as they are the bright future of not only the Pakistan, but also the world. Principal Muhammad Ibraheem said that the Chinese government is bearing all kind of expenses of almost 216 Ex- Chinese students, studying at Peak Montessori and High School. -
Habibmetro Modaraba Management (AN(AN ISLAMICISLAMIC FINANCIALFINANCIAL INSTITUTION)INSTITUTION)
A N N U A L R E P O R T 2017 1 HabibMetro Modaraba Management (AN(AN ISLAMICISLAMIC FINANCIALFINANCIAL INSTITUTION)INSTITUTION) 2 A N N U A L R E P O R T 2017 JOURNEY OF CONTINUOUS SUCCESS A long term partnership Over the years, First Habib Modaraba (FHM) has become the sound, strong and leading Modaraba within the Modaraba sector. Our stable financial performance and market positions of our businesses have placed us well to deliver sustainable growth and continuous return to our investors since inception. During successful business operation of more than 3 decades, FHM had undergone with various up and down and successfully countered with several economic & business challenges. Ever- changing requirement of business, product innovation and development were effectively managed and delivered at entire satisfaction of all stakeholders with steady growth on sound footing. Consistency in perfect sharing of profits among the certificate holders along with increase in certificate holders' equity has made FHM a sound and well performing Modaraba within the sector. Our long term success is built on a firm foundation of commitment. FHM's financial strength, risk management protocols, governance framework and performance aspirations are directly attributable to a discipline that regularly brings prosperity to our partners and gives strength to our business model which is based on true partnership. Conquering with the challenges of our operating landscape, we have successfully journeyed steadily and progressively, delivering consistent results. With the blessing of Allah (SWT), we are today the leading Modaraba within the Modaraba sector of Pakistan, demonstrating our strength, financial soundness and commitment in every aspect of our business. -
Issue 08, 2005
ISSUE VIII W I N T E R 2 0 0 5 Al-Siyasa A Journal of Politics, Society and Culture Special Conference Issues Department of Political Science Program in Diplomacy & Strategic Studies Program in International Relations University of the Punjab, Lahore. Special Conference Issue NATIONAL CONFERENCE APRIL 18, 2005 Pakistan’s Foreign Policy: Challenges and Options CONVENER DR. UMBREEN JAVAID ASSISTANT PROFESSOR & INCHARGE E D I T O R Dr. Umbreen Javaid Advisory Board Hassan Askari Rizvi Muhammad Anwar Dr. Askari is former Chairman, Dr. Anwar is Dean, Centre for Department of Political Science, Health and Population Studies; University of the Punjab He is former Chairman, Department of Sociology, Syed Riffat Hussain University of the Punjab Dr. Riffat Hussain is Visiting Professor, National Defence Adnan Sarwar Khan College, Islamabad. Dr. Adnan Sarwar is Chairman, Department of International Ahmad Faruqi Relations, Peshawar University Dr. Faruqi is a fellow of the American Institute of International Moonis Ahmar Studies, based in the San Francisco Dr. Ahmar is Professor and Bay Area, USA. Project Director, Program on Peace Studies and Conflict Imtiaz H. Bokhari Resolution; Department of Dr. Bokhari is former Vice President, International Relations, Islamabad Policy Research Institute University of Karachi. (IPRI), Islamabad. Habib Khan Mughees ud Din Sheikh Dr. Habib Khan is Director Dr. Mughees is Professor & General, Academy of Chairman, Department of Mass Educational Planning and Communication, University of the Management; Ministry of Punjab Education, Islamabad Established in 1933, the Department of Political Science is one of the oldest teaching faculties of the University of the Punjab, Lahore. It offers Master; M.Phil and Ph.D. -
Pakistan Affairs – Latest Mcqs - Part Lv Latest Mcqs Collected from Different Official Papers
Pakistan Affairs – Latest MCQs - Part lV Latest MCQs collected from different official papers. www.dwfaisalabad.com This file contains Latest 200 MCQs with bold answers compiled effectively for the preparation of different Tests. Zahid Farid MS-TQM University of the Punjab, Lahore, Pakistan. www.dwfaisalabad.com www.dwfaisalabad.com Pakistan Affairs – Latest MCQs - Part lV Latest MCQs collected from different official papers. Who is the Current Minister of Revenue in Punjab? A. Atta Muhammad Manika B. Mian Muhammad Aslam lqbal C. Malik Muhammad Anwar D. Raja Rashid Hafee Who is the Current Minister of School Education in Punjab? A. Sheikh Alauddin B. Chaudhry Muhammad Shafique C. Murad Ross D. Yasir Humayun Sarfaraz Who is the Current Minister of Industries, Commerce & Investment in Punjab? A. Sheikh Alauddin B. Mian Muhammad Aslam lqbal C. Rana Sana Ullah Khan D. Mian Mehmood ur Rasheed Who is the Current Minister of Irrigation in Punjab? A. Anser Majeed Niazi B. Murad Ross C. Mohsin Laghari D. Amanat Ullah Khan Shadi Khel Who is the Current Minister of Food in Punjab? A. Yasir Humayun Sarfaraz B. Sami Ullah Chaudhry C. Bilal Yasin D. Makhdoom Hashim Jawan Bakht Who is the Current Minister of Excise, Taxation and Narcotics Control in Punjab? A. Hafiz Mumtaz Ahmad B. Rana Mashhood Ahmad Khan C. Mian Mujtaba Shuja ur Rehman D. Fayaz ul Hassan Chouhan Who is the Current Minister of Higher Education in Punjab? A. Sher Ali Khan B. Yasir Humayun Sarfaraz C. Raza Ali Gillani D. Tanveer Aslam Malik www.dwfaisalabad.com Pakistan Affairs – Latest MCQs - Part lV Latest MCQs collected from different official papers. -
Brief Profile of the Candidates Contesting the Election of Directors
BRIEF PROFILE OF THE CANDIDATES CONTESTING THE ELECTION OF DIRECTORS Mr. Mustapha A. Chinoy Mr. Mustapha A. Chinoy holds a B.Sc. in Economics from Wharton School of Finance, University of Pennsylvania, USA and has majored in Industrial Management and Marketing. Thereafter, he served as Marketing Manager, at International Industries Limited. He is currently the Chairman of International Industries Limited and Pakistan Cables Limited, and a director on the Board of Crea8ive Bench (Private) Limited, Global E-Commerce Services (Private) Limited, Global Reservation (Private) Limited and Travel Solutions (Private) Limited. He is the Chief Executive Officer of Intermark (Private) Limited. He has previously served on the Board of Union Bank Limited until it was acquired by Standard Chartered Bank. Mr. Adnan Afridi Mr. Adnan Afridi graduated with high honors from Harvard University with a degree in Economics and from Harvard Law School with a J.D. He has 23 years global and Pakistan based experience in Change Management, business transformation, innovation and profitability enhancement in blue chip companies, public-sector and start-up situations. Industry experience includes Capital Markets, Private Equity, Financial Services, Real-Estate, Health Care, Natural Resources, Technology and Food sectors, operating in CEO roles with Board level representations. Functional experience focuses on Governance, Strategy, Negotiation/Structuring, Corporate Planning, Group Company management, Public Relations and large scale talent building. Previously he was a director at Silkbank Limited, Gul Ahmed Textile Limited and Trading Corporation Pakistan. He has also served as Managing Director of the Karachi Stock Exchange Limited, CEO of the Tethyan Copper Company (Private) Limited and CEO of the OICCI. -
National Guidelines for Driver Licensing
Technical Assistance Consultant’s Report Project Number: 49063 June 2019 Islamic Republic of Pakistan: Enabling Economic Corridors through Sustainable Transport Sector Development Prepared by NTU International Aalborg, Denmark For Ministry of Communications This consultant’s report does not necessarily reflect the views of ADB or the Government concerned, and ADB and the Government cannot be held liable for its contents. NATIONAL GUIDELINES FOR DRIVER GOVERNMENT OF PAKISTAN LICENSING MINISTRY OF COMMUNICATIONS The preparation of these Guidelines was assisted by a technical assistance grant financed by the UK Department for International Development and administered by the Asian Development Bank. Published by: Government of Pakistan, Ministry of Communications, Islamabad June 2019 Cover photo: Asian Development Bank, Pakistan. www.communication.gov.pk GUIDELINES FOR DRIVER LICENSING TABLE OF CONTENTS 1. INTRODUCTION 08 1.1. Harmonisation of Laws, Administrative Practice and Law Enforcement 09 1.2. The Importance of the Driver License System 10 1.3. Driver Knowledge and Skills in a Good Practice License System 11 1.4. Bringing All Drivers into the Driver Licensing System 13 1.5. System Harmonisation 14 1.6. Structure of these Guidelines 14 2. ADMINISTRATION OF THE DRIVER LICENSING SYSTEM 16 2.1. Driver Licensing System Administration in Good Practice Jurisdictions 16 2.2. Driver Licensing Authorities 18 2.3. Mutual License Recognition and System Harmonisation 19 2.4. Driver License Categories 20 2.5. Age and Experience Requirements 21 2.6. Performance Measurement 21 2.7. Observations Based on International Best Practice 22 3. THE GRADUATED DRIVER LICENSING SYSTEM 24 3.1. Graduated Driver Licensing System Attributes 25 3.2.