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July 21, 2018 12:00 AM Banks allowed to charge Rs50/transaction for online tax payment

KARACHI: State Bank of Pakistan (SBP) has allowed banks to charge Rs50/transaction for the payment of taxes/duties through 1-Link online transaction collection (OTC) facility, a circular said. The circular said, in a meeting held with banks on July 17, it was decided that they may charge this amount for providing the aforementioned facility. The central 4

July 20, 2018 12:00 AM Amazon hands goodwill to eBay with move to shut Australians out of overseas sites

SYDNEY: Australian home entertainment installer Paul Boon has relied for years on Inc´s U.S. website for cheap wall racks and other parts to keep his costs down. But Amazon´s recent move to stop Australians from shopping on its foreign websites, due to a new law that requires it to collect taxes, is turning away once-loyal customers like Boon. He´s considering 2

July 19, 2018 12:00 AM LSM growth clocks in at 2.76 percent in May

KARACHI: Large scale manufacturing (LSM) grew 2.76 percent in May as compared to the corresponding month a year earlier as retail sector thrived on growing consumer demand, while construction boom kept fuelling steel production, official data showed on Wednesday. Pakistan Bureau of Statistics (PBS) data showed that food, beverages and tobacco production 3

July 11, 2018 12:00 AM Southgate’s WC waistcoats fit for London museum

LONDON: England manager Gareth Southgate’s waistcoats have become such a hit at the World Cup that the Museum of London has announced plans to acquire one for its fashion collection. Marks and Spencer, official tailors to the England team, declared last Saturday #NationalWaistcoatDay in honour of Southgate and his team.The Sun newspaper has urged fans to wear one on “Waistcoat 1

July 10, 2018 12:00 AM Engro Foods goes green in Sobhodero

KARACHI: Engro Foods Limited (EFL) has gone green by converting to solar energy for business operations at their Milk Collection Center (MCC) in Sobhodero, Sindh, a statement said on Monday. It has benefitted the center with continuous power supply for the industrial grade milk chillers and other heavy equipment with zero power generation cost, it added 3

July 1, 2018 12:00 AM JazzCash, NBP in BEOE fee service deal

KARACHI: JazzCash on Saturday announced it has entered into a collaborative deal with National Bank of Pakistan (NBP) to provide fee collection service to Bureau of Emigration and Overseas Employment (BEOE). A company statement said henceforth all Pakistani citizens pursuing overseas employment could pay the application fee through JazzCash Mobile Account 2

June 24, 2018 12:00 AM Kipruto sets sight on Shaheen’s feat

NAIROBI: Kenyan Conseslus Kipruto says he has set his sights on breaking the 14-year-old 3,000-metre steeplechase world record at the Monaco Diamond League meeting on July 20. The record of 7 minutes 53.63 seconds was set in Brussels in September 2004 by Kenyan-born Qatari Saif Saeed Shaheen Kipruto, the Olympic and world champion, who also won the Commonwealth 3

June 11, 2018 8:29 AM SC suspends tax deduction on mobile cards

LAHORE: The Supreme Court of Pakistan has suspended tax collection on mobile cards here on Monday. Last month, Chief justice of Pakistan (CJP) Mian Saqib Nisar had taken notice of the high levy charged on mobile phone cards in the country as he asked under which law Rs40 were being deducted from Rs100 mobile cards. A three-member bench of the SC heard 10

June 10, 2018 12:00 AM DSP, inspector suspended for extorting money from vice dens

KARACHI: The Sindh police chief on Saturday suspended a deputy superintendent of police (DSP) and an inspector on charges of extorting money from vice dens in Karachi. Inspector General of Police AD Khowaja had decided to initiate an enquiry against Kharadar Sub-Divisional Police Officer DSP Zahid Hussain and Mochko Station House Officer Inspector Zafar 2

June 9, 2018 12:00 AM Fata political agents redesignated as DCs, ACs

PESHAWAR: In one of the major steps to mainstream the erstwhile Federally Administered Tribal Areas (Fata), the Khyber Pakhtunkhwa authorities have re-designated the offices of political agents as deputy commissioners and stopped the collection of Agency Welfare Funds. The decision is one of the major developments after the merger of Fata with Khyber 23