LAHORE: The flourishing illicit trades of tobacco, tea, tyres, lubricants and pharmaceuticals are denting the national exchequer with a loss of Rs320 billion annually in taxes. The lack of political will, corruption in tax administration and political influence of evaders are the main causes of the illegal trades. Unabated smuggling, counterfeit and non-duty paid production … Read more
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to ensure adequate representation of the private sector in all important bodies, a statement said on Monday. “Only public-private partnership can make a breakthrough on the economic front. Therefore, the government should take the business community onboard on all economic matters and … Read more
RIYADH: Saudi Aramco has announced its entry into the kingdom’s domestic lubricants market with the launch of a new line of products, Arab News reported. The oil giant timed the Orizon® launch to coincide with the inaugural Saudi Arabian Formula 1 Grand Prix in Jeddah. The product line has been introduced in more than 20 cities, including … Read more
