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Emirates Airline is tax evader, says Indian tax authorities

New Delhi:   Emirates Airline is found evading around $30m in service taxes in India over the last five years, claim tax authorities of India. Information...

Pakistan receives $322 million from US under CSF

ISLAMABAD: Pakistan has received an amount of $322 million from the United States under the Coalition Support Fund (CSF). In a statement, a spokesman of...

Obama postpones meeting with congressional leaders on debt limit

WASHINGTON: A scheduled meeting between US President Barack Obama and congressional leaders on raising debt limit before it expires this week has been postponed...

G20 finance leaders urges US to avoid devastating default

WASHINGTON: The Group of Twenty (G20) have urged the United States to head off a potentially devastating default and vowed to proceed carefully when...

NEPRA approves power tariff hike

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved raise in power tariff up to Rs 16 per unit after accepting government’s summary...

OPEC Fund to give $50 million loan for Neelum Jhelum project

WASHINGTON: Pakistan and the OPEC Fund for International Development (OFID) have entered into a loan agreement, under which the OFID would provide $50 million...

Federal govt plans to privatize 31 state entities in 18 months. PIA, OGDCL and PSC top on the list

ISLAMABAD: The federal government is planning to privatize 31 state owned entities within one and a half year time, aiming at transforming them into...

China urges US to take decisive steps to avoid bankruptcy, ensure safety of Chinese investments

BEIJING: China has urged the United States to take decisive steps to avoid bankruptcy and ensure safety of Chinese investments as the US government...

Govt increases GST rate to 19 percent on electronic appliances

ISLAMABAD: The federal government has increased General Sales Tax (GST) rate to 19 percent on more than 40 electronic appliances, reports said. The Federal Board of...

Govt withdraws power tariff notification on SC’s order: AG

ISLAMABAD: The federal government on Friday withdrew its notification on power tariff hike following the order of the Supreme Court of Pakistan, the Attorney...

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