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The state government also approved a proposal by Talcher Fertiliser Ltd to set up a coal-based urea complex with capacity 1.99 million tonnes per annum at Talcher in Angul district with an investment of Rs 14,732 crore employing about 550 people.
Further, eight taxable slabs at tax rates from 5 percent to 35 percent were introduced in Federal Budget 2019-20 for non-salaried people with income of more than Rs0.4 million per annum.
On the contrary, the same PML-N government, which imposed an irrational withholding tax of 17.5pc on the profit of non-filers exceeding Rs500,000, jacked up the tax-free limit on income tax from Rs400,000 to Rs1.2 million per annum.
But she now lives in a plush four-bedroom independent villa with a private garden paying just Dh200,000 per annum. What is more the rent for her villa has remained stable the last two years.
The imposition of deficiency interest at a rate of 20 percent per annum, and simultaneous with the imposition of delinquency interest, also at 20 percent per annum, is seemingly oppressive, confiscatory and unconscionable, especially in tax investigation cases being contested in courts considering that court cases usually take years to resolve.
It also forecasts that by 2028, international tourist arrivals to Oman would grow to 4.8mn, generating expenditure of RO2,137mn, an increase of 6.9 per cent per annum from 2018 onwards.
The third train is aimed at producing an additional 1.3 million tonnes of urea per annum, with a capital expenditure of $1.2 billion, Omifco's managing director S G Gedigeri, was quoted as saying in a Times of Oman report.
"The property is currently let on an assured shorthold tenancy (AST) with an income of [pounds sterling]4,940 per annum.
KARACHI -- A bourse notification filed Tuesday by Attock Cement Company Limited revealed its new production line capable of producing 1.2 million tons per annum of cement has started operations.
KARACHI -- Attock Cement Company Limited the makers of Falcon cement brand added a new production line of 1.2 million tons per annum that commenced production from Tuesday, according to a company notice sent to the Pakistan Stock Exchange (PSX).
It has an annual target of 80,000 units per annum and will compete with the M&M's XUV500 and Tata Hexa.
Also, the Board approved an increase in steel melting capacity at Dhabeji under which billets making would be raised from 400,000 to 600,000 tonnes per annum. Moreover, the approval as regards an increase in rolling mill capacity at Dhabeji would take rebar making from 300,000 to 425,000 tonnes per annum.
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