RTO Peshawar achieves monthly target of Rs5.47 billion

PESHAWAR (Staff Reporter): Regional Tax Office Peshawar has attached the bank accounts of Pesco and recovered Rs 1093 million from its bank accounts. In the meanwhile RTO, Peshawar has achieved its monthly target of Rs 5.473 billion as well as first quarter’s target of Rs 11.425 billion. It is significant to mention that the RTO was assigned record target of Rs 5.473 billion for the month of September of the first quarter. Importantly, RTO, Peshawar is one of the few field formations of FBR that could achieve the assigned targets. Chief Commissioner of RTO has attributed the high performance to the hard work of his team and support of the top leadership of FBR, Islamabad.

RCCI appreciates govt for

extending property tax date

RAWALPINDI (APP): President Rawalpindi Chamber of Commerce and Industry (RCCI), Mian Humayun Parvez welcomed the decision of the government to extend date for the payment of property tax till October 31st. Talking to APP, he said that it is a positive step of the government for giving 5pc rebate to tax payers. Commenting on delay in property tax payment, he said that most of the people are not aware about the introduction of computerized challan form for tax payment. He said that the facility announced by the government would bring ease for tax payers. He urged the concerned authorities to address the issue of traders community including the matter of withholding tax.

He said that traders fraternity are the backbone of the country which contributing well for boosting economy.

Financial literacy: SECP

organises awareness seminar

ISLAMABAD (APP): The Securities and Exchange Commission of Pakistan (SECP), in order to further its endeavours to raise awareness about safe investments and build investor confidence has been continuously organizing seminars for employees of corporate entities. One such seminar, “Fostering Professional Learning and Growth” organized at the Mobilink-Learning Center on Friday aimed at increasing financial literacy and investor awareness about capital markets, mutual funds and various techniques of risk management its, according to statement issued by SECP here on Friday. Participants were briefed about functioning of mutual funds, pros and cons of Mutual Fund/s, frequently used terminologies, risks involved and its transparency.

The well attended seminar supported with presentations and a question and answer session.

The event was part of the SECP’s overall investor education programme “Jamapunji”, which is aimed at enhancing financial literacy and providing easy access to financial instruments through the setting up of capital market hubs across major cities of Pakistan.

The seminar was attended by large number of Mobilink employees who keenly enquired about various aspects of Capital Markets, Mutual Funds and Voluntary Pension Systems.

SCCI president for strengthening national economy

SIALKOT (APP): Newly-elected President of SCCI Mansoor Ahmed has said special attention would be focused on enhancing export volume for strengthening national economy. He said strengthening of economy had become more imperative and the business community was ready to play its role in this regard. “In order to create awareness among the business community about fast changing business trends we are actively considering to arrange foreign tours for businessmen with the cooperation of Commerce Ministry and Trade Development Authority of Pakistan”, he said. Mansoor said the business community was confronting with certain problems like loadshedding, taxes and non-clearance of refund claims.

He said highly cordial relations would be developed with foreign mission functioning in Pakistan for obtaining visa for SCCI members while relations would also be strengthened with Pakistani High Commissions abroad for publicity of Pakistani products.

Oil prices rise before US jobs, amid hurricane threat

LONDON (AFP): Oil prices climbed Friday ahead of the release of a US jobs report and as a hurricane threatened refineries on the US east coast. Employment data for September, to be released later Friday, is important because an improvement in the labour market is a key factor supporting the Federal Reserve’s plan to hike its near-zero interest rates, analysts said. A rate increase is supportive of the US dollar which would make dollar-priced oil more expensive for holders of weaker currencies, hurting demand. US benchmark West Texas Intermediate (WTI) for November delivery advanced 45 cents to $45.19 a barrel compared with Thursday’s close.