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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 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 18, 2018 12:00 AM Parliamentary Secretary on Climate Change meets with JS Group officials

Karachi: Romina Alam Khan, Parliamentary Secretary for Climate Change visited the Central Offices of JS Group to meet with officials from JS Bank and the Mahvash and Jahangir Siddiqui Foundation (MJSF). As per the Global Climate Risk Index 2018 report, Pakistan is ranked as the 7th most vulnerable country to global warming and climate change. In view of the country’s

April 17, 2018 12:00 AM KP Police issue quarterly crime report

PESHAWAR: The Capital City Police seized more ammunition than any other district in the province while Mansehra remained on top in recovery of narcotics during the first quarter of the current year, official statistics said on Monday. Peshawar stood first followed by Abbotabad and Lakki Marwat in recovery of arms in the first quarter of the year. In recovery 2

April 15, 2018 12:00 AM Efforts for mainstreaming tribal areas under way: IGFC

WANA: Inspector General of Frontier Corps (IGFC) Major General Abdul Latif on Saturday said that steps were being taken to bring tribal areas into the national mainstream. Speaking at a jirga of tribal elders at the office of South Waziristan political agent in Tank, he said that peace had been restored due to sacrifices rendered by the tribesmen and security 2

April 15, 2018 12:00 AM Russian WC stadium finally gets its grass

MOSCOW: Russia’s perpetually late World Cup football stadium in Samara had some good news to report exactly two months before kick-off: it is finally getting its grass. Twelve gleaming white lorries filled with rolls of the precious pitch arrived Saturday in the Volga River city from Germany. Photographs proudly tweeted by the regional administration 2

April 14, 2018 12:00 AM China helps modernise Pak infrastructure network

BEIJING: China-Pakistan Economic Corridor (CPEC) is intended to modernise Pakistan's infrastructure and support its economy. The project is fast reaching fruition, as it brings economic benefits to the whole country, says a report published in the Global Times on Friday. On the controversial topic of Beijing's strategic intent toward the CPEC, a flagship 2

April 13, 2018 2:58 PM ECP committee drafts ToRs for scrutiny of PTI's party accounts

A special committee constituted by the Election Commission of Pakistan (ECP) on Friday drafted the terms of reference (ToRs) for the scrutiny of foreign funding received by Pakistan Tehreek-i-Insaf (PTI). According to the ToRs, the committee will examine the PTI's financial statements and other accounting records for the five-year period between 2009 and 2013 with the aim of finding 2

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