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August 13, 2018 1:25 PM Sangakkara says has no 'ambitions' to be next Imran Khan

Sri Lanka's batting legend Kumar Sangakkara Monday said he had no intention of making a foray into politics after local media reported he was eyeing next year's presidential elections. “I would like to put to rest speculation and rumour once and for all, confirming that I do not harbour any ambitions for political office,” Sangakkara, 40, said in a statement 1

August 7, 2018 7:24 AM BHC dismisses plea filed by Hazara MPA-elect in nationality case as non-maintainable

The Balochi­stan High Court on Tuesday dismissed a petition filed by MPA-elect of Hazara Democratic Party (HDP) Ahmed Ali Kohzad, who had challenged the National Database and Registration Authority’s (Nadra) move to block his computerised national identity card. A division bench comprising Justice Naeem Akhtar Afghan and Justice Abdullah Baloch rejected 4

July 23, 2018 12:00 AM No seat adjustment with ANP: PPP leader

PESHAWAR: A local leader of Pakistan People’s Party and candidate for NA-26 Feroze Jamal Shah Kakakhel on Sunday dispelled the impression that his party and Awami National Party (ANP) had made seat adjustment in Nowshera. Feroze Jamal denied a report published in The News that the local leaders of ANP and PPP were making the seat-to-seat adjustment in Nowshera 6

July 22, 2018 12:00 AM Khassadars, police exchange fire over arrest of car lifter

PESHAWAR: Due to lack of coordination between the district administration Khyber and the Khyber Pakhtunkhwa Police, khassadars and cops exchanged fire at the Karkhano check-post on Saturday over the arrest of a car lifter. The main Torkham-Peshawar road remained closed for quite some time after khassadars and police took positions against each other 4

July 22, 2018 12:00 AM Gunmen kill two policemen in Russia’s troubled Dagestan

MOSCOW: Unknown gunmen have shot dead two policemen in Russia´s volatile Caucasus in the latest attack against local authorities, police said on Saturday. Assailants driving a Lada shot at a car carrying three traffic police outside the Dagestani town of Kizilyurt late Friday and fled, a police spokesman told AFP. “Two people died,” he said, adding that a third 3

July 21, 2018 12:00 AM Tax abolition on cotton import urged

KARACHI: Opposing customs duty and other levies on import of raw cotton, the Karachi Cotton Association on Friday said the country needed at least four million bales due to the shortage of the commodity. KCA Secretary Aftab Alam expressed concerns over the decision of the government to impose three percent customs duty, two percent additional customs 5

July 21, 2018 12:00 AM Food imports increase to $6.185 billion in 2017/18

KARACHI: Food imports caused capital flight of $6.185 billion from the country during the last fiscal year of 2017/18, weighing down fragile external account in the agriculture country. Pakistan Bureau of Statistics (PBS) data on Friday showed that food imports marginally rose 0.68 percent from $6.143 billion in the previous fiscal year of 2016/17. Analysts 4

July 20, 2018 4:47 AM Current account deficit rises to $18bn, reserves hit four-year low

KARACHI: Current account deficit (CAD) touched $18 billion in FY18, up 42.5 per cent over the previous fiscal year, the State Bank of Pakistan (SBP) reported on Thursday. Only two years ago, the CAD was at $4.876bn, spiking to $12.621bn the following year, before hitting its record high in 2017-18. The State Bank data released on Thursday showed total 3

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 Amazon.com 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 20, 2018 12:00 AM FBR launches tax evasion probe against stationery industry

KARACHI: Tax authorities have launched a tax evasion probe against the stationery businesses manufacturing books and pencils by scrutinising their returns after the government restored zero-rating facility for multibillion rupees industry from July 1, officials said on Thursday. The officials said strong lobby of stationery industry convinced the government 14