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June 26, 2017 2:18 PM Australian Banks Warn Surprise Taxes Scaring Away Investors

"It is in this context that we should view the South Australian government's unprincipled and reckless tax grab as it walked through the gate the federal government left open." His comments were echoed by National Australia Bank chief executive Andrew Thornton, who has said that London-based investors he had met had less confidence in Australia as a place 1

June 22, 2017 11:23 PM 622 secondary schools to be upgraded, says minister

Punjab School Education Minister Rana Mashhood has said the Punjab government has decided to upgrade 622 secondary schools to the level of higher secondary schools. He said subject of technical education would be introduced in these upgraded schools. The minister said this while chairing a meeting of a committee formed in this regard by Punjab Chief 4

June 22, 2017 2:32 PM Heir liftedUnderstanding Saudi Arabia’s new crown prince

Muhammad bin Salman is a shocking yet predictable choice FROM the moment he was named deputy crown prince in April 2015, Muhammad bin Salman seemed destined for the throne. The favourite son of King Salman, aged only 29 at the time, was handed control of the kingdom’s economy and made responsible for its defence. His youthful face was plastered on billboards 2

June 22, 2017 4:34 AM NA panel irked over water shortage in Islamabad

ISLAMABAD: A panel of parliamentarians on Wednesday expressed serious concerns over a shortage of water in Islamabad and directed that the Capital Development Authority (CDA) and Islamabad Metropolitan Corporation (IMC) take stringent measures to meet the water requirements of the residents. The National Assembly Standing Committee on Cabinet Secretariat 3

June 21, 2017 11:54 PM FBR imposes up to 60pc regulatory duty on vehicle imports

KARACHI: The Federal Board of Revenue (FBR) has imposed up to 60 percent regulatory duty on import of new, old and used luxury vehicles. The FBR issued two different SROs on Wednesday to update the implementation of regulatory duty that was announced in the budget on May 26, 2017. The FBR notified regulatory duty on ad valorem basis imposed on about 3

June 21, 2017 11:47 PM APTMA to hold convention of textile associations

LAHORE: The All Pakistan Textile Mills Association (APTMA) has announced holding of a convention of all associations of textile industry in Islamabad after Eid. "We will hold a convention of all associations of textile industry in Islamabad after Eid to highlight the problems of textile industry leading to falling exports, capacity closure, job retrenchments 2

June 21, 2017 5:26 PM Headteachers send letters to 2million families warning that 'cash-starved' schools must be given more money

Headteachers have sent letters to 2million families to warn that 'cash-starved' schools must be given more funding. The letters urge parents to continue campaigning for a growing funding gap to be plugged. They have been sent by headteachers at approximately 4,000 state schools in England and cover 17 councils. The call comes on the day the Government 3

June 21, 2017 4:11 AM In acknowledgement: PM announces Rs10m for each player

ISLAMABAD: Prime Minister Nawaz Sharif has announced Rs10 million for each member of the Pakistan cricket team in acknowledgement of their historic performance in the ICC Champions Trophy. Minister for Information, Broadcasting and National Heritage Marriyum Aurangzeb said on Tuesday that the Pakistan team made the nation proud by becoming the champions 5

June 21, 2017 12:00 AM FBR collects Rs11.31bln from non-filers in July-May

KARACHI: The Federal Board of Revenue (FBR) collected Rs11.31 billion on non-cash banking transactions by non-filers during the first 11 months of the current fiscal year, a slight two percent fall over the previous year, officials said on Tuesday. FBR secured Rs11.55 billion on non-cash banking transactions by non-filers of income tax returns in the corresponding 5

June 21, 2017 12:00 AM ETPB approves Rs 2.15 bn surplus budget

LAHORE: Members of Evacuee Trust Property Board (ETPB) on Tuesday approved Rs2.15 billion surplus budget for the year 2017-18. Chairing a meeting of the board members at his residence, ETPB Chairman Siddiq-ul-Farooq said an amount of Rs 1 billion has been allocated for rehabilitation and development of Gurdwaras and temples located across the country 2