Aptma opposes withdrawal of zero-rating facility for textile sector


LAHORE: All Pakistan Textile Mills Association (APTMA) has urged the government to immediately remove four percent customs duty and five percent sales tax on the import of cotton in order to enable the spinning industry function properly.

"The destruction of local industry is not in the interest of growers as well as the downstream sector, and such temporary benefits will result in long-term losses," APTMA chairman said in a statement issued on Wednesday.

He said the export

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OGDCL secures top rating


Staff Report KHI: The premier Oil and Gas EandP Company of Pakistan, Oil and Gas Development Company Limited (OGDCL) has attained AAA’ and A-1+’ rating for long and short term entities respectively for the year FY14. The ratings were issued by JCR-VIS Credit Raging Company Limited.

The assigned ratings demonstrate the pivotal role of OGDCL and its contribution to the national economy as the largest upstream EandP Company in the country. The company’s large market share and low

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OGDCL secures top rating


Staff Report KHI:The premier Oil and Gas EandP Company of Pakistan, Oil and Gas Development Company Limited (OGDCL) has attained AAA’ and A-1+’ rating for long and short term entities respectively for the year FY14. The ratings were issued by JCR-VIS Credit Raging Company Limited.

The assigned ratings demonstrate the pivotal role of OGDCL and its contribution to the national economy as the largest upstream EandP Company in the country. The company’s large market share and low

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Read more