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COVER STORY

MADE IN PAKISTAN

How to make "MADE IN PAKISTAN" label the best seller in the export market, is a pertinent issue which has to be addressed both by the public and private sectors in Pakistan.
Huge Export Development Fund (EDF), lying with the government, can be utilized for hiring services of internationally known designers to give an international look to locally made products especially leather jackets, footwear, sports goods, fashion apparels, precious stone studded jewellery. Franchise of reputed marketing companies can do a magic in marketing indigenous food products such as rice, fruit and fruit juices.

 


TELEPHONE DIRECTORY

Phone companies, the worldover, publish and provide telephone directories to their subscribers free-of-cost. Pakistan Telecommunication Corporation Limited (PTCL), the state-owned enterprise, also publishes directory once every two years. However, it has failed to honour its customary obligation to the subscribers due to unscrupulous practices last year. The PAGE exclusive highlights what has caused the delay.

GOLD

In early May, UK announced plans to sell 415 tonnes of its gold reserves over several years. In the first phase of its plans, on June 6, it auctioned 25 tonnes of gold sending international gold prices to a twenty-year low. During the last two months gold prices in Pakistan also dipped by over Rs 250 per tola (11.54 grams). However, the decline in prices has failed to make any significant impact on the gold and jewellery sales in Pakistan.

INCOME TAX PROVISIONS

PAGE looks at the provisions of Finance Act 1999. While there was an effort to increase tax collection, many of the amendments will have a negative impact on the corporate sector. CBR should have tried to bring more people under tax net rather taxing the already burdened tax payers.

KESC

KESC has been forced to reduce its power tariff at a time it needs 19.26% increase in the tariff to meet loan covenant. The corporation, despite financial structuring has not been able to improve its revenue due to 45% T&D losses.

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