Business

OGDCL contributed over Rs 160 billion to the treasure in the last fiscal year

By The Frontier Post | December 13, 2019

F.P. Report ISLAMABAD: In a most questionable manner the Custom Intelligence officials have claimed that they have recovered Rs221.7 million tax from Oil and Gas Development Company (OGDCL), the largest state-owned larger E&P company and the biggest contributor to the national exchequer. It is quite surprising that the Custom Intelligence is taking pride in making…

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French govt says open to pension talks as strike persists

By The Frontier Post | December 13, 2019

Monitoring Desk Paris: French officials said Thursday they were open to negotiate pension reforms that have sparked crippling transport strikes, as unions warned they would keep up the walkout through the holidays unless the government drops the plan. Commuters faced an eighth day of travel chaos in Paris as most metro lines were again closed,…

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For manufacturers against LCs: SBP allows import advance payment facility

By The Frontier Post | December 13, 2019

F.P. Report ISLAMABAD: State Bank of Pakistan (SBP) has allowed banks to make advance payment up to 50 per cent of the value of imports against letter of credit for manufacturing concerns. Using this facility, manufacturing concerns will be able to import plant, machinery, spare parts and raw material etc. by making payment in advance.…

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