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April 21, 2018 12:00 AM SBP proposes tax cut on transactions

ISLAMABAD: The State Bank of Pakistan (SBP) has asked the government to slash the advance tax from 0.3 percent to 0.1 percent for filers on cash withdrawals from banks exceeding Rs 50,000, and abolish the Super Tax in the upcoming budget 2018-19. The SBP has referred to sections 231 A and 231 AA of the Income Tax Ordinance pertaining to the withholding

April 20, 2018 12:00 AM Shortage of textbooks assailed

PESHAWAR: Jamait Ulema-e-Islam-Fazl (JUI-F) activist Sabir Khan on Thursday criticised the Pakistan Tehreek-e-Insaf-led provincial government for its failure to provide the textbooks to the students of public sector schools on time. In a statement, he said that the students of the government schools had started the new academic year but several books 5

April 19, 2018 12:00 AM US to deport 107 Pak prisoners

ISLAMABAD: Washington has decided to deport 107 Pakistanis languishing in jails on the charges of terrorism, robbery, breaching of immigration laws, sexual harassments, selling of drugs and keeping false citizenship. To this effect, top mandarins of the Interior Ministry in Pakistan and officials of Pakistan Embassy in Washington have completed dialogue 3

April 18, 2018 7:07 AM Promising to return, Nawaz and Maryam leave for London

Former prime minister Nawaz Sharif and his daughter Maryam Nawaz on Wednesday left for London where Sharif's wife Kulsoom Nawaz is undergoing treatment for lymphoma. The father-daughter duo, who are currently facing accountability hearings, left for London on a Qatar Airlines flight around 9:30am and are scheduled to return on April 22. However, in a tweet 6

April 17, 2018 12:00 AM Two cases of dengue fever tested positive at HFH

Rawalpindi: One of the three teaching hospitals in town, Holy Family Hospital (HFH) has tested two patients positive for dengue fever, the first confirmed cases of the infection this year though none of the patients are residents of the district. Data collected by ‘The News’ on Monday has revealed that one the patients tested positive for dengue fever 3

April 16, 2018 12:00 AM Saudi king slams Iran’s ‘interference’ as Arab leaders meet

DHAHRAN, Saudi Arabia: Saudi Arabia’s King Salman on Sunday slammed Iran’s "blatant interference" in regional affairs as Arab leaders met in the kingdom for an annual gathering. Opening the 29th Arab League summit, the king also criticised the US decision to transfer its embassy in Israel to Occupied al-Quds and described "terrorism" as the biggest challenge 2

April 14, 2018 12:00 AM Int’l footballer clinches CWG boxing medal

GOLD COAST: It is a choice that many sports fans would love to have: play football for your country at a World Cup or be a boxer at the Olympics. That was the dilemma facing Lauren Price, and her decision to plump for boxing paid off on Friday when she won her semi-final at the Commonwealth Games to secure at least silver for Wales. The multi-talented 1

April 13, 2018 12:00 AM OPEC sees oil markets tightening

LONDON/NEW DELHI: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices. U.S. shale oil output has been booming over the past year since OPEC reduced its own production in tandem 2

April 4, 2018 12:00 AM Pakistan, China fail to sign FTA

ISLAMABAD: Pakistan and China have failed to sign even official minutes on the conclusion of 10th rounds of parleys held at Islamabad for finalising 2nd phase of China Pakistan Free Trade Agreement (CPFTA) mainly because both sides could not sort out differences on granting incentives for boosting each other exports. No breakthrough could achieve in last 10t round 10

April 3, 2018 12:00 AM Will not accept judicial activism: Sindh Bar official

KARACHI: The legal fraternity on Monday expressed concern over the recent developments in the judiciary regarding taking up years long pending issue of the appointment of Justice Qazi Faez Isa and non-recommendation of senior judges of the Sindh High Court for elevation to the Supreme Court and termed such developments as a serious threat to the supremacy 6