Punjab govt, China working

on 4000MW power projects

LAHORE (INP): Punjab government and China are working on several mega power projects with a total power generation capacity of nearly 4000 megawatts. This was stated by the Punjab Secretary for Energy, Dr. Asad Gillani while briefing a ten member delegation of Chinese experts in Lahore on Saturday. He said that the power generation of one thousand megawatts will be secured from Quaid e Azam Solar Park near Bahawalpur by end of next year. He said that work is also underway on a twelve hundred megawatts power project at Sheikhupura. He said that four hundred megawatts electricity can be generated in Punjab through small hydel projects.

On the occasion, the Chinese experts showed interest in investing in the energy sector of Punjab. The head of delegation appreciated the efforts of Punjab government for end of energy crises.

FBR implemented 88.75pc decisions of Federal Tax Ombudsman

LAHORE (APP): Federal Board of Revenue (FBR) and its field offices implemented 88.75 per cent decisions of the Federal Tax Ombudsman. According to FTO annual report 2014 published recently, FTO secretariat received a total of 1624 complaints last year compared to 1898 in 2013 of which 1548 were decided during the period under review. A total of 1374 decisions were implemented by the FBR and its field offices. The remaining were either challenged before the President of Pakistan and through review/representation. About tax wise percentage, 51.40 % complaints were related to income tax and 33% sales tax while 13.50 % customs duty.

Lahore based taxpayers filed the highest number of complaints with the FTO followed by Lahore and Fasialabad. FTO Secretariat headed by Chaudhary Abdur Rauf set a record by disposing of complaints at an average of 52 days which includes reply from FBR, rejoinder, holding of hearing, investigation and preparation of draft for order. The trend indicates that Advisors to FTO had been more careful in investigating complaints due to upgraded skill-sets for distinguishing the genuineness from the frivolous complaints.

FTO has emerged as a forum where the services of any counsel or court fee is not required. Complaint can be filed on a plain paper through post, fax, email and prompt action is initiated.

Qualified retired civil servants having experience in taxation were appointed at all regional offices and FTO Chaudhary Abdur Rauf monitors the overall monthly performance of the all regional offices.

LNG to be available for 18 to 20 days in a month

LAHORE (APP): All Pakistan CNG Association (APCNGA) Central Chairman Ghayas Abdullah Piracha has said that Liquified Natural Gas (LNG) will be available at CNG stations for almost 18 to 20 days in a month. Talking to APP here Saturday, he said that according to the schedule issued by the government, the LNG would be available at CNG stations till June 6 while the next schedule of LNG availability would be issued in next month. To a question regarding closed CNG stations in the city, he said that stations’ owners have finalized all arrangements to ensure the supply of LNG to motorists but the stations’ reopening process was delayed as the government’s teams have not visited the stations yet to install gas meters.

He said that reopening of CNG stations by the federal government would revive the waning CNG industry worth Rs 450 billion, which could also help stabilize the country’s economy.

Ghayas said that with the use of LNG by the CNG sector, about two billion liters of petrol could be saved annually, adding that price of LNG was fixed at Rs 57 per liter as it was still very much cheaper fuel than petrol.

He said that reopening would help thousands of people to get jobs while millions would benefit from affordable transportation and it would also improve environment and reduce inflation in the country.

The APCNGA leader thanked Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi for his special support enabling the CNG stations owners to reopen their stations after 7-month in Punjab. He hoped that all issues would be settle down with mutual cooperation.

Loadshedding exemption to

accelerate economic activities

LAHORE (APP): President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Muhammad Adrees Saturday said that loadshedding exemption in industrial sector would help accelerate economic activities besides strengthening the national economy. He told APP, “The entire industry is grateful to the Prime Minister for acceding to their long standing demand for giving complete loadshedding exemption to industry which he hoped will play a vital role in rapid industrialization and accelerating the economic growth in the country”. Vice President SAARC Chamber and Chairman United Business Group, Iftikhar Ali Malik said that exemption would greatly help earn foreign exchange by timely exporting pak products to European countries.

He said that export order targets would also be met as a result of round-the-clock provision of power to the industry.

Chief Executive Trade Development Authority Pakistan, S.M.Munir said that the Prime Minister had always given great importance to business community and all-out efforts were always made to provide business friendly environment to boost economic activities in the country.

VP, FPCCI, Hameed Akhtar Chadda said that if gas was also provided round-the-clock, industrial production could be doubled in the country which he added would help improve socio-economic condition of the people besides ensuring economic stability.

President SME sector Punjab Rehmat Ullah Javed said that small scale traders attached with cottage industry would greatly benefit from the exemption as their production of cottage based industry would increase manifold.

Member Executive LCCI, Mian Waqar Ahmad said that epoch making decision of the Prime Minister would usher an era of progress, development and prosperity in the country.

All Punjab jewellers convention

on Wednesday

Lahore (Staff Reporter): Lahore Division Sarafa & Jewelers Association (LDS&JA) is holding an All Punjab Jewelers Convention in Lahore on Wednesday, June 03, 2015. Various jewelers associations from all over Punjab will participate in the event. Mian Muhammad Idrees, President, Federation of Pakistan Chamber of Commerce & Industry (FPCCI) will be the chief guest on the occasion. The FPCCI chief will also administer oath to the newly-elected office- bearers of the Association. Representatives of TDAP, SMEDA and PBIT will also attend the event. Muhammad Ali Mian, President, Traders Wing, PML-N Punjab, Irfan Iqbal Shailh, Chairman, Traders Wing PML-N Lahore and Nasir Saeed, Advisor to Punjab Chief have also been invited to attend the function.

They would also highlight the problems being faced by the jewelers’ community of Pakistan.