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October 12, 2018 12:00 AM PTCL’s profit falls 26pc as rupee depreciation bites

KARACHI: Pakistan Telecommunication Company Limited’s (PTCL) profit fell 26 percent to Rs3.946 billion for the nine months ended September 30 as currency devaluation bit its earnings during the period, the company said on Thursday. The country’s leading telecommunication firm recorded Rs5.34 billion in profit during the corresponding period a year earlier

October 8, 2018 7:49 AM Supreme Court reserves verdict on Asia Bibi's final appeal against execution

A special three-member bench of the Supreme Court on Monday reserved its judgement on the final appeal against the execution of Asia Bibi, a Christian woman sentenced to death for blasphemy. Chief Justice Mian Saqib Nisar, Justice Asif Saeed Khosa and Justice Mazhar Alam Khan Miankhel, were hearing Bibi's 2014 appeal (Asia Bibi v. The State, etc). While 4 1

October 6, 2018 12:00 AM NAB launches probe into illegal appointments of 43 IOs

KARACHI: National Accountability Bureau (NAB) initiated inquiry regarding alleged illegal appointments of 43 grade-17 Information Officers (IOs) in Sindh Information and Archives Department in 2012. According to NAB official documents copies available with ‘The News’ inquiry has been initiated on the compliant of Kosar Noor Solangi, a post graduate of Mass Communication 1

October 3, 2018 4:44 PM ICJ sets hearing of Kulbhushan Jadhav case in February 2019

ISLAMABAD: The United Nations' top court has fixed February 18 to 21, 2019 date for the public hearing of Indian spy Kulbhushan Jadhav case between Pakistan and India. In a press release, the International Court of Justice (ICJ), the principal judicial organ of the United Nations, said it will hold public hearings in the Jadhav case (India v.Pakistan)

October 3, 2018 2:11 PM Cricket World Cup 2019 trophy reaches Lahore in Pakistan leg of global tour

The 2019 Cricket World Cup trophy reached Lahore on Wednesday as part of its world tour. On its arrival in the city, the Garrard-made trophy was held up by cricketer Mohammad Irfan and paraded on a bus from the Gaddafi Stadium to Mall Road, Badshahi mosque, and Shahi Qila (Lahore Fort). "It was a great honour for me to hold the trophy in my hands and take it on a tour of the city," the 7-foot 6 1

October 2, 2018 4:13 PM FBR goes after 169 wealthy non-filers, many more set to face 'hot pursuit'

ISLAMABAD: In a large swoop to widen the tax net and ensure tax compliance across the country, Federal Board of Revenue (FBR) has started a massive drive for the recovery of taxes from big and influential tax evaders. The crackdown on the high-value targets has been launched on the instruction of Federal Minister for Finance, Revenue and Economic Affairs 1

September 30, 2018 12:00 AM Govt to extend tax returns date to Oct 31

ISLAMABAD: The government will extend the date for filing annual tax returns till October 31. Finance Minister Assad Umar, State Minister for Revenue Hammad Azhar and FBR Chairman Jehanzeb Khan held consultations with Members Land Revenue Operations in this regard. Governor State Bank of Pakistan Tariq Bajwa directed the tax collecting authorised bank branches 1

September 28, 2018 10:55 AM Imran Khan’s Pakistan dam fund appeal could be the largest crowdfunding effort in history

ISLAMABAD: It’s a far cry from those sponsored Facebook posts asking you to invest in a start-up’s new digital watch or an unbreakable phone case. If it succeeded it would be the largest crowdfunding effort in history -- shattering the current Kickstarter record 700 times over. But while Pakistanis have responded to Khan’s plea with enthusiasm, the tally 1

September 28, 2018 12:00 AM No extension in date for filing income tax returns

Rawalpindi: No decision has been taken so far to extend the date for filing income tax returns therefore taxpayers must not delay filing their income tax returns, an FBR official said Wednesday. The last date for filing returns is September 30 and those who cannot file returns till due date should pay estimated tax to get an extension, said Chief Commissioner

September 27, 2018 12:00 AM Bank accounts with Rs10mln monthly deposit on FBR radar

KARACHI: The Federal Board of Revenue (FBR) nudged banks into furnishing details of accounts that are fed with Rs10 million or more in a month, aiming at to broaden the tax base, officials said on Wednesday. The tax officials said the FBR directed all the banks to provide details of accounts that were credited with Rs10 million or above in a month. They said the FBR, in an official 2