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Print - 2009-06-15
California schoolbooks going digital

California schoolbooks going digital

California Governor Arnold Schwarzenegger on June 9 announced plans to phase out school textbooks in favour of digital learning aids as the state looks to plug its massive budget hole. The measure - dubbed the Digital Textbook Initiative - will see Califo
Published 15 Jun, 2009 12:00am
New Google tool targets Microsoft business users

New Google tool targets Microsoft business users

Google Inc introduced software to make it easier for businesses using Microsoft Corp's Outlook to switch to its Web-based communications and collaboration products. The Internet Company said on June 9 that its new software could easily transfer data from
Published 15 Jun, 2009 12:00am
US parents rearing a gadget generation

US parents rearing a gadget generation

Research released June 9 indicates that US parents are rearing a young gadget generation that is at home with smartphones, laptop computers, and videogame consoles. US households with children between the ages of four and 14 have an average of 11 electron
Published 15 Jun, 2009 12:00am
Kids' phone watchdog barks for parents

Kids' phone watchdog barks for parents

The temptation is too great for some worried parents: they dip into a son or daughter's diary and trawl for names and dates and times of secret liaisons. They steal a look at the call register of a mobile phone, read text messages, peruse snaps sent and r
Published 15 Jun, 2009 12:00am
Water stress, ocean levels to unleash climate exodus

Water stress, ocean levels to unleash climate exodus

Tens of millions of people will be displaced by climate change in coming years, posing social, political and security problems of an unprecedented dimension, a new study said on June 10. "Unless aggressive measures are taken to halt global warming, the co
Published 15 Jun, 2009 12:00am
It's raining tadpoles in Japan town, residents say

It's raining tadpoles in Japan town, residents say

Meteorologists in Japan say the rainy season has just started in Tokyo, but residents in a small coastal town have reported a different phenomenon - tadpoles dropping out of the sky. An office clerk in Nanao said he first noticed the anomaly when he heard
Published 15 Jun, 2009 12:00am
Gene determine breast cancer chemotherapy outcomes

Gene determine breast cancer chemotherapy outcomes

Genetic mutations can show which breast cancer patients will be helped by a certain type of chemotherapy, US researchers reported. They found patients with two versions of the SOD2 fared worse when taking the chemotherapy drug cyclophosphamide than other
Published 15 Jun, 2009 12:00am
Drugs as good as heart surgery for diabetics

Drugs as good as heart surgery for diabetics

Drugs are just as good as prompt bypass surgery or angioplasty to open blocked heart arteries for diabetics with stable heart disease, according to US researchers. The study also found that quick bypass surgery in patients with more severe heart disease d
Published 15 Jun, 2009 12:00am
Ignored cholesterol blamed for heart attacks

Ignored cholesterol blamed for heart attacks

Danish researchers said on June 09 they have found the strongest evidence yet that an often ignored form of cholesterol can cause heart attacks. They said people with higher levels of a little-understood form of cholesterol called lipoprotein (a), which v
Published 15 Jun, 2009 12:00am
China eyes 20 percent renewable energy by 2020

China eyes 20 percent renewable energy by 2020

China plans to dramatically increase its use of wind and solar power, aiming to generate up to one fifth of its energy from renewable sources by 2020, a senior official told Britain's Guardian newspaper. "We are now formulating a plan for development of r
Published 15 Jun, 2009 12:00am
Too little sleep raises blood pressure risk

Too little sleep raises blood pressure risk

Middle-aged adults who get too little sleep are more likely to develop high blood pressure, US researchers said. The study, among the first to directly measure sleep duration in middle-aged adults, found missing an average one hour of sleep over five year
Published 15 Jun, 2009 12:00am
Amazon deforestation: short-lived boost, big damage

Amazon deforestation: short-lived boost, big damage

Clearing the Amazon rainforest for soy or cattle does not bring long-term social or economic benefit to local communities and threatens the environment, according to a study published on June 12. Huge swaths of the Brazilian rainforest are cut down, burnt
Published 15 Jun, 2009 12:00am
Home computers are growing source of injuries

Home computers are growing source of injuries

As computers have become a staple in American homes, the rate of injuries from computer mishaps has grown as well - particularly among young children, according to a study published on June 09. Between 1994 and 2006, researchers found, there was a more th
Published 15 Jun, 2009 12:00am
Opel rescue opens Pandora box for German state aid

Opel rescue opens Pandora box for German state aid

Germany, having orchestrated a rescue for automaker Opel, is trying to keep the lid on a Pandora's box of state aid, even if it means turning away luxury sports carmaker Porsche and retailer Arcandor. Chancellor Angela Merkel has said repeatedly that the
Published 15 Jun, 2009 12:00am
'UAE foreign trade outlook positive'

'UAE foreign trade outlook positive'

Businesses in the United Arab Emirates are more confident of brighter trade prospects than their peers in financial hubs Hong Kong and Singapore, world banking giant HSBC said in a survey published Sunday. Almost three-quarters of UAE importers and export
Published 15 Jun, 2009 12:00am
Saudi's Kingdom Holding reaches for the sky

Saudi's Kingdom Holding reaches for the sky

The Saudi investment firm run by a Saudi billionaire with a big Citigroup stake is pressing ahead with plans to build the world's tallest building despite the global meltdown. The announcement comes as the Opec powerhouse nation taps cash surpluses from c
Published 15 Jun, 2009 12:00am
BRIC summit watched for signals on dollar

BRIC summit watched for signals on dollar

When the leaders of Brazil, Russia, India and China gather for their first full-fledged summit, they will be closely watched for signs of policy shifts that could affect the global role and strength of the US dollar. During the summit Tuesday in the Ural
Published 15 Jun, 2009 12:00am
New deal brings boom time for Bangladesh ship-breakers

New deal brings boom time for Bangladesh ship-breakers

A controversial global treaty to clean up the ship recycling industry will mean a boom in business for the Bangladeshi magnates whose workers pull the often toxic vessels apart, experts say. The International Maritime Organisation (IMO) agreement on ship-
Published 15 Jun, 2009 12:00am
Odier to replace Mirabaud at Swiss-banking

Odier to replace Mirabaud at Swiss-banking

Patrick Odier, senior partner at Geneva's oldest private bank, Lombard Odier Darier Hentsch et Cie, is to replace Pierre Mirabaud as chairman of the Swiss Bankers Association, according to a senior banking source. Mirabaud, senior partner at another long-
Published 15 Jun, 2009 12:00am
Shape up and investors will ship in, Africa told at WEF

Shape up and investors will ship in, Africa told at WEF

Africa, one of few places in the world still experiencing positive growth, holds huge potential for investors seeking new and profitable ventures amid a recession in most developed countries. "I think the continent is seen as providing at least a more pos
Published 15 Jun, 2009 12:00am
Message from Prime Minister, Islamic Republic of Pakistan

Message from Prime Minister, Islamic Republic of Pakistan

It is a pleasure to know that the Institute of Chartered Accounts of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) continue the tradition to acknowledge the significance of good corporate reports, and foster comp
Published 15 Jun, 2009 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

I am glad to know that the Institute of Cost and Management Accountants of Pakistan (ICMAP) and the Institute of Chartered Accountants of Pakistan (ICAP) have been regularly organising Best Corporate Report Awards and is also bringing out a special newspa
Published 15 Jun, 2009 12:00am
Message from Governor State Bank of Pakistan

Message from Governor State Bank of Pakistan

I am glad to learn that the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have been regularly organising Best Corporate Report Awards during the past nine years. The accounta
Published 15 Jun, 2009 12:00am
Message from President, ICAP

Message from President, ICAP

I take this opportunity to congratulate the Joint committee of ICAP and ICMAP for holding the 9th Best Corporate Awards 2008 ceremony. Winning the prestigious Best Corporate Report Award has increasingly become a target of many companies, which demonstrat
Published 15 Jun, 2009 12:00am
Message from President, ICAP

Message from President, ICAP

On behalf of the Institute of Cost and Management Accountants of Pakistan I would like to thank all the companies who are taking part in this years "Best Corporate Report Awards", all the Members of Joint Committee of ICMAP, and ICMAP, and Members of the
Published 15 Jun, 2009 12:00am
Message from Chairman, ICAP & ICMAP Joint Committee

Message from Chairman, ICAP & ICMAP Joint Committee

The Institute of Cost and Management Accountants of Pakistan (ICMAP) and the Institute of Chartered Accountants of Pakistan (ICAP), in addition to uplifting and regulating the Accountancy Profession, are fully committed to serving the public interest by p
Published 15 Jun, 2009 12:00am
Message from Chairman SECP

Message from Chairman SECP

I am pleased to know that the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have kept the tradition of giving Best Corporate Report Awards. These awards are greatly valued an
Published 15 Jun, 2009 12:00am
Commitment for Compliance to International Standards

Commitment for Compliance to International Standards

Institute reiterates its commitment for complete compliance to International Financial Reporting standards (IFRS) and International Standards on Auditing (ISA). ICAP is signatory to all major compliance statements issued by IFAC. IFAC has duly acknowledge
Published 15 Jun, 2009 12:00am
ICAP profile

ICAP profile

The Institute of Chartered Accountants of Pakistan (ICAP) was established on July 1, 1961 to regulate the profession of accountancy in the country. It is a statutory autonomous body established under the Chartered Accountants Ordinance 1961 along with the
Published 15 Jun, 2009 12:00am
ICMAP: A professional Institute with cutting edge

ICMAP: A professional Institute with cutting edge

The history of the education of Cost and Management Accounting is evident from the fact that earlier in our region the Cost Accounting had a dominant emphasis on cost elements, its analysis and rationalisation. Therefore, need was realised to inject the i
Published 15 Jun, 2009 12:00am
Government orders offensive against Mehsud

Government orders offensive against Mehsud

NWFP governor Owais Ahmad Ghani Sunday said the government has decided to carry out operation against militants in the tribal areas. Addressing a press conference here at the Frontier House, the governor announced the launching of operation against disban
Published 15 Jun, 2009 12:00am
BUDGET BRIEFING 2009

BUDGET BRIEFING 2009

Income Tax - 1. Minimum tax restored: Section 113. Minimum tax was introduced for the first time by the Finance Act, 1991 and continued to be applicable with certain modifications over the years until it was a withdrawn by the Finance Act, 2008.
Published 15 Jun, 2009 12:00am
Government orders offensive against Mehsud

Government orders offensive against Mehsud

NWFP governor Owais Ahmad Ghani Sunday said the government has decided to carry out operation against militants in the tribal areas. Addressing a press conference here at the Frontier House, the governor announced the launching of operation against disban
Published 15 Jun, 2009 12:00am
BUDGET BRIEFING 2009

BUDGET BRIEFING 2009

Income Tax - 1. Minimum tax restored: Section 113. Minimum tax was introduced for the first time by the Finance Act, 1991 and continued to be applicable with certain modifications over the years until it was a withdrawn by the Finance Act, 2008.
Published 15 Jun, 2009 12:00am
$4 billion IMF aid to be sought if FoDP''s pledges delayed

$4 billion IMF aid to be sought if FoDP''s pledges delayed

The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that in case of any delay in receipts of pledges from Friends of Democratic Pakistan (FODP) Pakistan has lined up commitment of $4 billion from the International Monetary Fund (IMF).
Published 15 Jun, 2009 12:00am
$4 billion IMF aid to be sought if FoDP's pledges delayed

$4 billion IMF aid to be sought if FoDP's pledges delayed

The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that in case of any delay in receipts of pledges from Friends of Democratic Pakistan (FODP) Pakistan has lined up commitment of $4 billion from the International Monetary Fund (IMF).
Published 15 Jun, 2009 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 8 to 13 2009).

Published 15 Jun, 2009 12:00am
$4 billion IMF aid to be sought if FoDP's pledges delayed

$4 billion IMF aid to be sought if FoDP's pledges delayed

The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that in case of any delay in receipts of pledges from Friends of Democratic Pakistan (FODP) Pakistan has lined up commitment of $4 billion from the International Monetary Fund (IMF).
Published 15 Jun, 2009 12:00am
The Weather

The Weather

The weather report on Sunday (June 14, 2009) and the forecast for Monday (June 15, 2009).

Published 15 Jun, 2009 12:00am
Commercial importers would be required to file tax returns

Commercial importers would be required to file tax returns

Commercial importers would be required to file a return of their income instead of filing a statement in terms of Section 148, sub-section (7) & (8) if the proposal, in Finance Bill 2009, placed before the National Assembly on Saturday is approved. Tax pa
Published 15 Jun, 2009 12:00am
Commercial importers would be required to file tax returns

Commercial importers would be required to file tax returns

Commercial importers would be required to file a return of their income instead of filing a statement in terms of Section 148, sub-section (7) & (8) if the proposal, in Finance Bill 2009, placed before the National Assembly on Saturday is approved. Tax pa
Published 15 Jun, 2009 12:00am
Commercial importers would be required to file tax returns

Commercial importers would be required to file tax returns

Commercial importers would be required to file a return of their income instead of filing a statement in terms of Section 148, sub-section (7) & (8) if the proposal, in Finance Bill 2009, placed before the National Assembly on Saturday is approved. Tax pa
Published 15 Jun, 2009 12:00am
MONEY WEEK: private sector borrowing plummets to Rs 14 billion

MONEY WEEK: private sector borrowing plummets to Rs 14 billion

Borrowing by output-oriented private sector, which amounted to as much as Rs 384 billion during the first 11 months of FY08, plummeted to under Rs 14 billion during FY09 to May 30, showing a gap of about Rs 370 billion in credit utilisation over the corre
Published 15 Jun, 2009 12:00am
Punjab budget on June 16

Punjab budget on June 16

The Finance Minister of Punjab Tanvir Ashraf Kaira will present the 2009-10 Punjab Budget in the Provincial Assembly on June 16, 2009. The time of the budget session was 3:00pm, but the Punjab Government owing to security reasons was thinking to present t
Published 15 Jun, 2009 12:00am
Punjab budget on June 16

Punjab budget on June 16

The Finance Minister of Punjab Tanvir Ashraf Kaira will present the 2009-10 Punjab Budget in the Provincial Assembly on June 16, 2009. The time of the budget session was 3:00pm, but the Punjab Government owing to security reasons was thinking to present t
Published 15 Jun, 2009 12:00am
Punjab budget on June 16

Punjab budget on June 16

The Finance Minister of Punjab Tanvir Ashraf Kaira will present the 2009-10 Punjab Budget in the Provincial Assembly on June 16, 2009. The time of the budget session was 3:00pm, but the Punjab Government owing to security reasons was thinking to present t
Published 15 Jun, 2009 12:00am
Punjab budget on June 16

Punjab budget on June 16

The Finance Minister of Punjab Tanvir Ashraf Kaira will present the 2009-10 Punjab Budget in the Provincial Assembly on June 16, 2009. The time of the budget session was 3:00pm, but the Punjab Government owing to security reasons was thinking to present t
Published 15 Jun, 2009 12:00am
Sindh budget today

Sindh budget today

Sindh budget for the fiscal year, 2009-10 will be presented in the Provincial Assembly here today (Monday). Chief Minister Syed Qaim Ali Shah, who is also holding the portfolio of Finance, will present the budget, an official of the Chief Minister House s
Published 15 Jun, 2009 12:00am
Sindh budget today

Sindh budget today

Sindh budget for the fiscal year, 2009-10 will be presented in the Provincial Assembly here today (Monday). Chief Minister Syed Qaim Ali Shah, who is also holding the portfolio of Finance, will present the budget, an official of the Chief Minister House s
Published 15 Jun, 2009 12:00am
Al Qaeda financier arrested in Yemen

Al Qaeda financier arrested in Yemen

Yemeni authorities have arrested the financier of al Qaeda operations in the country and in neighbouring Saudi Arabia, an official said on Sunday, as cited on the defence ministry news website. "The arrested man is named Hassan Hussein bin Alwan, a Saudi
Published 15 Jun, 2009 12:00am
Obama eyes tighter controls on banks, Wall Street

Obama eyes tighter controls on banks, Wall Street

President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression of the 1930s. The goal is to prevent a recur
Published 15 Jun, 2009 12:00am
Al Futtaim plans multi-billion dollars Morocco project

Al Futtaim plans multi-billion dollars Morocco project

Al-Futtaim Capital, the investment arm of the United Arab Emirates-based Al-Futtaim Group, plans to develop a multi-billion dollar property project in Morocco, it said on Sunday. Al-Futtaim Capital is in the final stages of acquiring a 7 million square me
Published 15 Jun, 2009 12:00am
Al Futtaim plans multi-billion dollars Morocco project

Al Futtaim plans multi-billion dollars Morocco project

Al-Futtaim Capital, the investment arm of the United Arab Emirates-based Al-Futtaim Group, plans to develop a multi-billion dollar property project in Morocco, it said on Sunday. Al-Futtaim Capital is in the final stages of acquiring a 7 million square me
Published 15 Jun, 2009 12:00am
EU could offer IMF more resources: summit draft

EU could offer IMF more resources: summit draft

European states could add more to the International Monetary Fund's crisis-fighting war chest than the 75 billion euros ($105.5 billion) already pledged, according to a draft to be presented to EU leaders next week.
Published 15 Jun, 2009 12:00am
SingTel launches music service for mobile phones

SingTel launches music service for mobile phones

SingTel, Southeast Asia's largest telco, on Sunday launched in Singapore a service that lets mobile subscribers download music files and videos which it hopes to introduce to other parts of Asia. Developed with Universal Music, SingTel hopes the web-based
Published 15 Jun, 2009 12:00am
G8 talks turn spotlight on Europe's banks

G8 talks turn spotlight on Europe's banks

Pressure mounted on Europe to reveal the viability of its crisis-hit banks after a meeting of G8 finance ministers in southern Italy over the weekend ended in disarray over the thorny issue. Britain and the United States have already carried out "stress t
Published 15 Jun, 2009 12:00am
Siemens labour seek shorter work week: paper

Siemens labour seek shorter work week: paper

Siemens labour representatives want to negotiate a permanent cut in working hours in exchange for lower pay to pre-empt any moves by the German conglomerate to axe jobs, its works council head told a newspaper. "We will sit with the board at the start of
Published 15 Jun, 2009 12:00am
Gas and power connections: NTN condition not for individuals

Gas and power connections: NTN condition not for individuals

Irfan Nadeem, Member, Income Tax, Federal Board of Revenue (FBR), has clarified that the condition of National Tax Number (NTN) for obtaining electric and gas connections only applies to industrial undertakings and commercial establishments, and not for i
Published 15 Jun, 2009 12:00am
Gas and power connections: NTN condition not for individuals

Gas and power connections: NTN condition not for individuals

Irfan Nadeem, Member, Income Tax, Federal Board of Revenue (FBR), has clarified that the condition of National Tax Number (NTN) for obtaining electric and gas connections only applies to industrial undertakings and commercial establishments, and not for i
Published 15 Jun, 2009 12:00am
Gas and power connections: NTN condition not for individuals

Gas and power connections: NTN condition not for individuals

Irfan Nadeem, Member, Income Tax, Federal Board of Revenue (FBR), has clarified that the condition of National Tax Number (NTN) for obtaining electric and gas connections only applies to industrial undertakings and commercial establishments, and not for i
Published 15 Jun, 2009 12:00am
Export of goods to shift from final to minimum tax regime

Export of goods to shift from final to minimum tax regime

In order to broaden the tax net and force more companies to submit their accounts exporters are no longer in the final tax regime. Since 1992, upon realisation of foreign exchange on account of export of goods - one percent tax was deducted by the bank. T
Published 15 Jun, 2009 12:00am
Export of goods to shift from final to minimum tax regime

Export of goods to shift from final to minimum tax regime

In order to broaden the tax net and force more companies to submit their accounts exporters are no longer in the final tax regime. Since 1992, upon realisation of foreign exchange on account of export of goods - one percent tax was deducted by the bank. T
Published 15 Jun, 2009 12:00am
Export of goods to shift from final to minimum tax regime

Export of goods to shift from final to minimum tax regime

In order to broaden the tax net and force more companies to submit their accounts exporters are no longer in the final tax regime. Since 1992, upon realisation of foreign exchange on account of export of goods - one percent tax was deducted by the bank. T
Published 15 Jun, 2009 12:00am
THE RUPEE: all round sliding trend

THE RUPEE: all round sliding trend

The rupee, despite being under pressure due to heavy payments by importers, somehow managed to reduce losses against dollar during the week ended on June 13, 2009. On the interbank market, the rupee lost 30 paisa against dollar for buying and selling at 8
Published 15 Jun, 2009 12:00am
THE RUPEE: all round sliding trend

THE RUPEE: all round sliding trend

The rupee, despite being under pressure due to heavy payments by importers, somehow managed to reduce losses against dollar during the week ended on June 13, 2009. On the interbank market, the rupee lost 30 paisa against dollar for buying and selling at 8
Published 15 Jun, 2009 12:00am
PSO tells power generation companies it can''t import LSFO

PSO tells power generation companies it can''t import LSFO

Pakistan State Oil (PSO), the state owned fuel supplier, has conveyed to power generation companies that due to the current financial crunch owing to the accumulating circular debts it is unable to continue to tender for importing Low Supphar Furnace Oil
Published 15 Jun, 2009 12:00am
PSO tells power generation companies it can't import LSFO

PSO tells power generation companies it can't import LSFO

Pakistan State Oil (PSO), the state owned fuel supplier, has conveyed to power generation companies that due to the current financial crunch owing to the accumulating circular debts it is unable to continue to tender for importing Low Supphar Furnace Oil
Published 15 Jun, 2009 12:00am
PSO tells power generation companies it can't import LSFO

PSO tells power generation companies it can't import LSFO

Pakistan State Oil (PSO), the state owned fuel supplier, has conveyed to power generation companies that due to the current financial crunch owing to the accumulating circular debts it is unable to continue to tender for importing Low Supphar Furnace Oil
Published 15 Jun, 2009 12:00am
12.7 percent drop in CFS investment

12.7 percent drop in CFS investment

Investment under CFS at the Karachi share market declined by 12.7 percent to Rs 68 million on Friday. The CFS rate, however, increased to 50 percent as compared to 31.02 percent of previous week. The top 5 scrips by CFS investment were Engro, POL, NBP, Lu
Published 15 Jun, 2009 12:00am
12.7 percent drop in CFS investment

12.7 percent drop in CFS investment

Investment under CFS at the Karachi share market declined by 12.7 percent to Rs 68 million on Friday. The CFS rate, however, increased to 50 percent as compared to 31.02 percent of previous week. The top 5 scrips by CFS investment were Engro, POL, NBP, Lu
Published 15 Jun, 2009 12:00am
12.7 percent drop in CFS investment

12.7 percent drop in CFS investment

Investment under CFS at the Karachi share market declined by 12.7 percent to Rs 68 million on Friday. The CFS rate, however, increased to 50 percent as compared to 31.02 percent of previous week. The top 5 scrips by CFS investment were Engro, POL, NBP, Lu
Published 15 Jun, 2009 12:00am
No double tax on shares trading: Finance Division

No double tax on shares trading: Finance Division

Finance Division has said that there would be no double taxation on trading of shares on stock exchanges from 2009-10. A statement of the Finance Division said that there is some confusion regarding tax on services of stock exchanges, as announced in the
Published 15 Jun, 2009 12:00am
No double tax on shares trading: Finance Division

No double tax on shares trading: Finance Division

Finance Division has said that there would be no double taxation on trading of shares on stock exchanges from 2009-10. A statement of the Finance Division said that there is some confusion regarding tax on services of stock exchanges, as announced in the
Published 15 Jun, 2009 12:00am
No double tax on shares trading: Finance Division

No double tax on shares trading: Finance Division

Finance Division has said that there would be no double taxation on trading of shares on stock exchanges from 2009-10. A statement of the Finance Division said that there is some confusion regarding tax on services of stock exchanges, as announced in the
Published 15 Jun, 2009 12:00am
No double tax on shares trading: Finance Division

No double tax on shares trading: Finance Division

Finance Division has said that there would be no double taxation on trading of shares on stock exchanges from 2009-10. A statement of the Finance Division said that there is some confusion regarding tax on services of stock exchanges, as announced in the
Published 15 Jun, 2009 12:00am
KSE index gains 161.69 points

KSE index gains 161.69 points

The KSE-100 index gained 161.69 points, or 2.3 percent, during the week ended on June 13, 2009, and closed at 7,056.31 points level despite confusion regarding imposition of new taxes in the budget and absence of any leverage product. Trading activity sli
Published 15 Jun, 2009 12:00am
KSE index gains 161.69 points

KSE index gains 161.69 points

The KSE-100 index gained 161.69 points, or 2.3 percent, during the week ended on June 13, 2009, and closed at 7,056.31 points level despite confusion regarding imposition of new taxes in the budget and absence of any leverage product. Trading activity sli
Published 15 Jun, 2009 12:00am
KSE index gains 161.69 points

KSE index gains 161.69 points

The KSE-100 index gained 161.69 points, or 2.3 percent, during the week ended on June 13, 2009, and closed at 7,056.31 points level despite confusion regarding imposition of new taxes in the budget and absence of any leverage product. Trading activity sli
Published 15 Jun, 2009 12:00am
ST rate to be brought down to single digit in five years: Tarin

ST rate to be brought down to single digit in five years: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that the rate of 16 percent sales tax is very high, which would be brought down to a single digit--in the next 4-5 years. During the post-budget press conference held at the Planning Commis
Published 15 Jun, 2009 12:00am
ST rate to be brought down to single digit in five years: Tarin

ST rate to be brought down to single digit in five years: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that the rate of 16 percent sales tax is very high, which would be brought down to a single digit--in the next 4-5 years. During the post-budget press conference held at the Planning Commis
Published 15 Jun, 2009 12:00am
ST rate to be brought down to single digit in five years: Tarin

ST rate to be brought down to single digit in five years: Tarin

The Advisor to Prime Minister on Finance, Shaukat Tarin, has said that the rate of 16 percent sales tax is very high, which would be brought down to a single digit--in the next 4-5 years. During the post-budget press conference held at the Planning Commis
Published 15 Jun, 2009 12:00am
PPC to remove public-private sector structures disparities

PPC to remove public-private sector structures disparities

The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that the government has constituted a Pay and Pension Commission (PPC) for gradual removal of disparities between public and private sector pay structures.
Published 15 Jun, 2009 12:00am
PPC to remove public-private sector structures disparities

PPC to remove public-private sector structures disparities

The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that the government has constituted a Pay and Pension Commission (PPC) for gradual removal of disparities between public and private sector pay structures.
Published 15 Jun, 2009 12:00am
PPC to remove public-private sector structures disparities

PPC to remove public-private sector structures disparities

The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that the government has constituted a Pay and Pension Commission (PPC) for gradual removal of disparities between public and private sector pay structures.
Published 15 Jun, 2009 12:00am
Russia welcomes new US Afghan policy

Russia welcomes new US Afghan policy

Russia welcomes "increasingly transparent" US policy on Afghanistan and Pakistan and sees new areas of co-operation with the West in settling the Afghan conflict, the Kremlin's senior foreign policy adviser said on Sunday. Afghanistan is expected to becom
Published 15 Jun, 2009 12:00am
Russia welcomes new US Afghan policy

Russia welcomes new US Afghan policy

Russia welcomes "increasingly transparent" US policy on Afghanistan and Pakistan and sees new areas of co-operation with the West in settling the Afghan conflict, the Kremlin's senior foreign policy adviser said on Sunday. Afghanistan is expected to becom
Published 15 Jun, 2009 12:00am
Mousavi seeks to overturn Iran election result

Mousavi seeks to overturn Iran election result

Defeated candidate Mirhossein Mousavi demanded on Sunday that Iran's presidential election be annulled and urged more protests, while tens of thousands of people hailed the victory of the hard-line Mahmoud Ahmadinejad. Mousavi's supporters again took to t
Published 15 Jun, 2009 12:00am
Mousavi seeks to overturn Iran election result

Mousavi seeks to overturn Iran election result

Defeated candidate Mirhossein Mousavi demanded on Sunday that Iran's presidential election be annulled and urged more protests, while tens of thousands of people hailed the victory of the hard-line Mahmoud Ahmadinejad. Mousavi's supporters again took to t
Published 15 Jun, 2009 12:00am
England knock India out of Twenty20 World Cup

England knock India out of Twenty20 World Cup

England knocked defending champions India out of the Twenty20 World Cup on Sunday with a three-run victory in their second-round match at Lord's. India lost their opening Super Eight match against West Indies and cannot now advance to the semi-finals even
Published 15 Jun, 2009 12:00am
England knock India out of Twenty20 World Cup

England knock India out of Twenty20 World Cup

England knocked defending champions India out of the Twenty20 World Cup on Sunday with a three-run victory in their second-round match at Lord's. India lost their opening Super Eight match against West Indies and cannot now advance to the semi-finals even
Published 15 Jun, 2009 12:00am
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