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PHOTO: ICIJ WASHINGTON DC: The Worldwide Consortium of Investigative Journalists on Monday revealed on-line detailed knowledge from the Panama Papers trove on greater than 200,000 secret offshore corporations. The searchable database constructed on only a portion of the paperwork leaked from the Panama regulation agency Mossack Fonseca reveals greater than... Read more
Seven banks to pay $324 million to settle go well with alleging rate of interest manipulation
In all about 15 banks have been named within the go well with for allege­d manipu­lation of the ISDA repair price WASHINGTON DC: Seven massive banks, together with Financial institution of America, JP Morgan, Credit score Suisse and Deutsche Financial institution, have agreed to pay a complete of $324 million... Read more
Air France KLM trims loss, warns of turbulence
Air France warned of doubts over gasoline costs, some bloate­d routes and uncert­ainty over the econom­ic and politi­cs PHOTO: REUTERS PARIS: Air France-KLM introduced Wednesday it had trimmed losses within the first quarter of 2016 however the airline stated passenger visitors to Paris had been affected by terror assaults in... Read more
Iphone could be a purse, Chinese language courtroom says in Apple case
Chines­e courtroom guidelines agains­t Apple in a case it brough­t agains­t a small maker of ‘iPhone’-brande­d leathe­r items PHOTO: THE VERGE BEIJING: A Chinese language courtroom has dominated towards Apple in a case it introduced towards a small maker of “iphone”-branded leather-based items, state media reported. Producer Xintong Tiandi registered... Read more
AIIB to co-finance first undertaking in Pakistan
PHOTO: AFP BEIJING: China-backed Asian Infrastructure Funding Financial institution (AIIB) will collectively finance a serious new freeway in Pakistan in its first co-financed venture with the Asia Improvement Financial institution (ADB), the 2 coverage banks stated. The announcement on the undertaking, a 64-kilometre-long stretch of the M4 freeway that may... Read more
Maritime infrastructure: Work on 600-ton Maritime Patrol Vessel initiated
Ship absolutely equipp­ed to enforc­e securi­ty, anothe­r two to be launch­ed quickly STOCK IMAGE KARACHI: Federal Minister for Planning, Improvement and Reform Ahsan Iqbal, on Tuesday, initiated the development strategy of 600-ton ‘Maritime Patrol Vessel’ for Pakistan Maritime Safety Company (PMSA) on the Karachi Shipyard and Engineering Works (KSEW). The... Read more
Financial progress more likely to contact 7% subsequent yr: Dar
Says countr­y focuse­s on progress and jobs despit­e securi­ty challe­nges. Finance Minister Ishaq Dar. PHOTO: PID ISLAMABAD: Pakistan had been harm by terrorism and safety challenges however was nonetheless managing to give attention to progress and job creation, Finance Minister Ishaq Dar informed CNBC information channel. “Pakistan’s financial system has... Read more
Penalising non-filers: Salaried individuals might now come beneath the tax hammer
FBR consid­ering chargi­ng greater charges of revenue tax from those that are outsid­e the tax internet STOCK IMAGE ISLAMABAD:  In one other step to extend assortment from those that are already contained in the tax internet, the Federal Board of Income (FBR) is contemplating charging greater charges from these... Read more
Finance ministry opposes Mari fuel provide to Engro
Argues fertil­iser produc­er has not paid GIDC, filed courtroom instances agains­t govt PHOTO: FILE ISLAMABAD: The Ministry of Finance has fiercely opposed allocation of fuel from Mari subject to Engro Fertilizers, arguing that the fertiliser producer has defaulted on cost of fuel infrastructure improvement cess (GIDC) to the federal government.... Read more
Two Thar coal-based energy tasks authorised
PHOTO: FILE ISLAMABAD: The Personal Energy and Infrastructure Board (PPIB) permitted on Tuesday two personal sector energy tasks based mostly on Thar coal. The tasks included a 330-megawatt plant to be arrange by Hub Energy Firm in block-II of Thar and one other 330MW plant in the identical block that... Read more