Pak, IMF to sign VAT deal today
ISLAMABAD: Pakistan and International Monetary Fund (IMF) will sign Value Added Tax (VAT) treaty today.
Representative of finance ministry or Federal Board of Revenue, chief ministers of four provinces and IMF representative for Pakistan Paul Ross will sign the accord.
According to agreement, provinces will authorize to collect VAT on telecommunication and financial services whereas FBR will collect the VAT on other services, which will later, distributed among the provinces under formula chalked out by NFC award and it will not be included in undivided pool.
Federal Cabinet Considers Two Weekly Holidays
November 4, 2009 by Trend PK
Filed under Breaking News
ISLAMABAD, Pakistan: Federal Cabinet Considers Two Weekly Holidays, A special session of federal cabinet has begun to discuss two holidays in a week for all public sector institutions. Prime Minister Yousuf Raza Gilani is presiding the meeting.
The federal cabinet is also expected to place a massive cut on a daily expenditure of the president, the prime minister, federal ministers and chief ministers of the four provinces under the proposed austerity drive, to be approved in the special cabinet meeting.
The agenda of the special cabinet meeting revealed that the prime focus of the meeting would be on the approval and implementation of austerity measures. According to the agenda, the austerity measures would be introduced to cut government expenses through administrative and management adjustment in the current system.
The other three items on the agenda are the approval of a sugar policy, gas load management plan 2009-10 and the review of paddy procurement in the 2009 Kharif season.
Federal Cabinet Considers Two Weekly Holidays was first posted on November 4, 2009 at 3:57 pm.
Federal Cabinet Meets today
ISLAMABAD, Pakistan: Federal Cabinet Meets today, The federal cabinet is expected to discuss two holidays in a week for all public sector institutions in a special meeting today (Wednesday).
The federal cabinet is also expected to place a massive cut on a daily expenditure of the president, the prime minister, federal ministers and chief ministers of the four provinces under the proposed austerity drive, to be approved in the special cabinet meeting.
The agenda of the special cabinet meeting, which would be chaired by Prime Minister Yousuf Raza Gilani, revealed that the prime focus of the meeting would be on the approval and implementation of austerity measures. According to the agenda, the austerity measures would be introduced to cut government expenses through administrative and management adjustment in the current system.
The other three items on the agenda are the approval of a sugar policy, gas load management plan 2009-10 and the review of paddy procurement in the 2009 Kharif season.
Federal Cabinet Meets today was first posted on November 4, 2009 at 1:06 pm.
