Gvot decides 10 pc surcharge on CNG

ISLAMABAD: The government has decided to impose 10 percent surcharge on CNG from February, Secretary Petroleum Aijaz Chaudhary revealed during a briefing to National Assembly’s Standing Committee on Petroleum and Natural Resources. The Secretary Petroleum said that the decision would help to balance prices of CNG and petrol, added that, summary in regard with the issues has also been finalized. He held OGRA responsible of distributing gas connections at the time of gas shortage despite the ministry expressed concerns over the distribution. The committee, which met under the chair of MNA Talib Nakai, asked why were gas connections distributed during gas shortage? The secretary defended Petroleum Minister Dr Asim for revealing price...

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WeBOC to help improve Sindh`s tax collection

KARACHI: The Sindh government expects to generate higher revenue during the current fiscal year upon linking collection of infrastructure cess at customs stage with newly rolled out auto-clearance system, Web-Based One Customs (WeBOC), at all the container terminals of the ports. The infrastructure cess constitutes up to 60 per cent of total revenue collected by the province, therefore, auto system is going to bring an improvement by 10 to 15 per cent in collection, stated director-general Excise & Taxation, Sindh Mohammad Shoaib Ahmad Siddiqui here on Monday. Talking to FTNews in his office, he said the auto collection of the cess would check defaults and other malpractices. Therefore, the department expects improvement...

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Posted in: BUSINESS