Saturday, December 26th, 2020
Pakistanis to pay extra for selling newly bought cars
The government has imposed a withholding tax on new vehicles that are sold within three months of purchase. The decision was taken Wednesday on recommendations of the Economic Coordination Committee to meet the tax target set for the FBR. The FBR will charge Rs50,000 in tax for 1000cc cars, Rs100,000 for 2000cc cars and Rs200,000 for vehicles more than 200cc. The decision is expected to curb car trading. For local manufacture of cell phone, withholding tax has been capped at 4% and sales tax has been abolished. This is likely toRead More
Turkey reports major gold discovery
Turkey has discovered a major gold deposit holding an estimated 3.5 million ounces (99 tonnes) of the precious metal valued at around $6 billion, the Anadolu state news agency reported Tuesday. The find in the midwestern town of Sogut was reported by Fahrettin Poyraz, who heads the Agricultural Credit Cooperatives of Turkey and the Gubretas fertiliser production firm. “We are talking about a value close to six billion dollars,” Poyraz told Anadolu. “Within two years, we will extract the first gold and bring value to the Turkish economy.” Gubretas sharesRead More
Cold spell in Karachi from Monday to break record of lowest temperature: Met office
KARACHI, Dec 26 – Pakistan Meteorological Department (PMD) on Saturday predicted a new spell of cold weather in Karachi from Monday, which could break the seven-year-record of lowest temperature in the city. According to the Met Office, a new system of rainfall has entered North Balochistan areas which will lead to rain and snowfall in these areas from Monday. “Quetta, Zhob, Ziarat and Barkhan areas will witness downpour while snowfall will also be recorded in mountainous regions,” the PMD said. The chilling Quetta winds will move towards Karachi from Monday,Read More
PDM leaders, Maryam Nawaz reach Larkana
By Nazir Siyal KARACHI/LARKANA: Pakistan Peoples Party (PPP) invited top leaders of the PDM among PML-N Vice President Maryam Nawaz has been reached to attend 13th death anniversary of the assassinated chairperson and former Prime Minister of Pakistan Shaheed Mohtarama Benazir Bhutto here in Garhi Khuda Bakhsh Bhutto today. Chairman PPP Bilawal Bhutto Zardari along with Aseefa Bhutto Zardari, Faryal Talpur, Chief Minister Sindh and other senior party leaders and Ministers received PDM leaders among PML-N Vice President Maryam Nawaz and others were reached to participate in the rally onRead More
Dense fog blankets parts of Punjab, disrupts road, air traffic
LAHORE, Dec 26 – Dense fog has blanketed several cities of Punjab including Lahore badly disrupting the air and road traffic and paralysing routine life. According to details, the visibility has dropped to zero on main roads across the province and the Lahore-Sialkot motorway has been closed for all traffic, while the flight operation at the Allama Iqbal International Airport has also got affected due to severe weather condition. The Motorway police have advised the drivers to switch on fog lights while driving at very slow speed as the visibilityRead More
Sindh govt to file petition to block Omar Sheikh’s release
Sindh government will file an application to block the release of Ahmed Omar Saeed Sheikh, the man previously convicted of kidnapping Wall Street Journal journalist Daniel Pearl and facilitating his murder. Sindh government spokesperson Murtaza Wahab told the government will file an application against the Sindh High Court’s order for the release on Monday. “They are not likely to be released today because the court order will reach the prison and legal opinion will be sought on it,” he explained. The court has ordered the release of Sheikh and struck down anyRead More