ADB, Pakistan plan Land Data Bank for federal assets

[ ISLAMABAD: A delegation of the Asian Development Bank (ADB) called on Federal Minister for Housing and Works, Mian Riaz Hussain Pirzada, at his office on Thursday to discuss cooperation in housing and asset management. The meeting focused on developing a Land Data Bank for comprehensive information on federal assets, particularly prime land holdings across … Read more

Abbas pledges to work with Trump on Gaza

UNITED NATIONS: Palestinian President Mahmoud Abbas pledged at the United Nations on Thursday to work with US President Donald Trump, Saudi Arabia, France and the United Nations on a peace plan for Gaza overwhelmingly backed by the world body. The 193-member UN General Assembly earlier this month overwhelmingly endorsed a seven-page declaration that aims to … Read more

No mini-budget needed, says minister

[ ISLAMABAD: Pakistan’s Investment Minister Qaiser Sheikh said on Thursday that there was no need to bring a mini-budget for meeting flood-related expenses after the chief executive of a leading United Kingdom health company urged the government to ensure stability in taxation policies. “We do not need to have a mini budget, and the government … Read more

'Deemak' set 'to scare beyond borders

deemak set to scare beyond borders

Pakistani horror hit 'Deemak' is preparing for an international rollout after smashing records at the local box office, with distributors confirming the supernatural thriller will open across major territories from next month. Following its domestic haul of Rs175 million, Variety magazine said, 'Deemak' will screen in the UK, US, Canada, EU countries and the Gulf … Read more

Industrialists slam abrupt changes in tax forms

[ KARACHI: Industrialist bodies have expressed deep concern over recent amendments introduced by the Federal Board of Revenue (FBR) in income tax return and wealth statement forms, calling the move unjust, ill-timed and damaging to business confidence. In a statement, SITE Association of Industry President Ahmed Azeem Alvi criticised the FBR for altering key tax … Read more

NEPRA imposes Rs975m fines on power firms

[ ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed penalties of Rs975 million on power distribution companies over the past few years for fatal and non-fatal accidents, with Islamabad Electric Supply Company (IESCO) topping the list. IESCO faced Rs310 million in fines, followed by Hyderabad Electric Supply Company (HESCO) with Rs117 million. Privatised … Read more