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1-10 results from 1000 for query «currency»

April 14, 2018 12:00 AM Warrants issued for 200 tax evaders

SIALKOT: The Federal Board of Revenue (FBR) Friday issued arrest warrants for 200 influential tax evaders of Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala districts. According to FBR officials, the Board had repeatedly issued warnings and notices to the tax evaders, but received no response. He said the tax recovery campaign would 1

April 13, 2018 12:00 AM SBP bars remittances in forex accounts of non-filers

KARACHI: The central bank on Thursday directed banks not to receive remittances into the foreign currency accounts of non-filers of returns under a new law unveiled early this week to nail tax evaders. “A foreign currency account of a citizen of Pakistan resident in Pakistan can be fed with cash foreign currency if the accountholder is a filer as defined 1

April 10, 2018 12:00 AM Pakistanis with $10,000 plus annual foreign income required to file returns

KARACHI: Government warned individuals with foreign income of over $10,000 or assets worth $100,000 of penalties if they fail to annually file their returns under a new law. Individuals are also required to submit complete details of foreign income and expenditures during a tax year. The presidential ordinance prescribed a penalty for non-compliance 8

April 10, 2018 12:00 AM Pakistan to maintain 6pc growth rate: PM

BEIJING: Prime Minister Shahid Khaqan Abbasi, while speaking at Boao Forum in China on Monday, said that Pakistan will maintain 6 percent growth rate this year. PM Abbasi said that China-Pakistan Economic Corridor (CPEC) is the most visible part of One Belt and One Road Initiative and would give benefit to both countries. "Pakistan's adoption of yuan as the reserve 1

March 28, 2018 12:00 AM Jang Economic Session: ‘Rupee devaluation to add to inflation’

LAHORE: Devaluation of rupee against the US dollar on the pressure of IMF is bad for the Pakistan’s economy and it will bring a new wave of inflation, increase the economic woes of commoners, and widen the trade deficit and foreign debt burden, besides pushing the cost of doing business and energy costs upwards. These views were expressed by the experts 1

March 28, 2018 12:00 AM Greece to get 5.7bln euros in bailout cash

Brussels: Euro zone authorities will make a fresh 5.7 billion euro cash injection to Greece on Wednesday, putting Athens further down the road to leaving its painful bailout programme later this year. The new tranche agreed by the EU´s bailout fund on Tuesday is the latest from Greece´s third financial rescue package since 2010, when its debt crisis 4

March 28, 2018 12:00 AM Govt to secure $1.5bln commercial loan in April to shore up reserves

ISLAMABAD: The government is all set to secure commercial loan of $1 billion to $1.5 billion from Chinese banks within the next two weeks to shore up the depleting foreign currency reserves, senior officials said on Tuesday. The country had already raised $1.77 billion short-term commercial loans from various foreign banks, mainly Chinese, against a target 5

March 21, 2018 12:00 AM Steel Mills, PIA privatisation to cause public agitation: Rabbani

KARACHI: The former Senate chairman Mian Raza Rabbani has said the Pakistan Peoples Party could move the court or adopt the path of public agitation if the present federal government went ahead with the plan to privatise Pakistan International Air Lines and Pakistan Steel. Speaking at a press conference here on Tuesday, the former Senate chairman said the government 5

March 14, 2018 12:00 AM Sterling climbs after Hammond speech

LONDON: Sterling rose to a two-week high on Tuesday as the dollar sold off after data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson. As the dollar began its sell-off, British Finance Minister Philip Hammond gave his half-yearly economic update on the economy 9

March 14, 2018 12:00 AM Bitcoin start-ups in Asia take aim at remittances market

HONG KONG/SEOUL: Bitcoin, battered by warnings about volatility and bubble-like appreciation, may have found a way to play a niche role in a big market: overseas money transfers. Used as a transfer mechanism rather than a currency, bitcoin circumvents banks’ transaction fees. ph and Satoshi Citadel Industries’ (SCI) remittance unit Rebit in Philippines 10