Tuesday, January 21, 2020

Corner Stone

Breaking: Johnson will impose new restrictions on low-skilled immigrants

British Prime Minister Boris Johnson is preparing to impose new restrictions on low-skilled immigrants who move to Britain after the end of the transition period from the European Union separation in December. By canceling the temporary extension of the...

NASA: 2019 Was the 2nd-Hottest Year on Record

According to independent analyses by NASA and the National Oceanic and Atmospheric Administration (NOAA), Earth's global surface temperatures in 2019 were the second warmest since modern record keeping began in 1880. Globally, 2019 temperatures were second only to those of...

Trump: American army eliminated the largest terrorist in the world, and he was Qassem Soleimani

US President Donald Trump said that the missile strikes launched by Iran Tuesday did not result in casualties among the American or Iraqi forces thanks to the arrangements we made in advance and thanks to early warning, stressing that...

Why did Iran chose Al Asad base to avenge America?

Perhaps the first thing that comes to mind is a question about why Tehran chose the American base of Al Asad specifically to respond to the killing of its leader Qassem Soleimani, the leading Iranian Revolutionary Guards, and did...

Impeachment vote: House of Representatives vehemently shakes Trump

In a historic vote, most House of Representatives voted to initiate impeachment vote against American President Donald Trump. With 230 to 197 votes, the chamber voted for Trump to answer for abuse of power in the Senate. The second...

Pakistan Budget 2019-20: Significant proposed amendments

By Ashfaq Tola   Amendments in Income Tax Ordinance, 2001 1. RULES FOR PERSONS NOT APPEARING IN ACTIVE TAXPAYER LIST – TENTH SCHEDULE The bill proposes to abolish the concepts of “Filer” and “Non filer” and has instead introduced rules in form of...

Pakistan Budget FY 2019-20: Income Tax measures

Deatails of income tax measures in the budget FY 2019-20; Relief Measures Payment of refunds through promissory notes Huge amounts claimed by taxpayers are stuck up in refunds causing a liquidity crunch for businesses. These refunds have accumulated over a long time....

Government plans online collection of taxes

The PTI government has decided several reforms in the Federal Board of Revenue (FBR) to increase ease of business. With a view to facilitate taxpayer, FBR and State Bank of Pakistan (SBP) will prepare online tax collection system. Finance Minister...

Speculation on Rupee devaluation dies, investor shifts focus from hoarding USD

With the influx of funds from Saudi Arabia and United Arab Emirates (UAE), the rumours regarding further devaluation of rupee have died, as the investors are shifting the focus from hoarding US dollar.   Besides, the strict measures taken by the...

UBL surrenders New York branch license

United Bank Limited has surrendered its New York branch license to the NY state department (NYDFS) on January 28, in accordance with Section 605.11 (c) of the liquidation of NY branch.   The management in a letter to Pakistan Stock Exchange...

Latest News

Britain invests $ 400 million in Africa

The British government-owned Development Finance Agency (CDC Group) said it has signed investment deals in Africa worth $ 400...

Trump miscalculates trade war, bad news for his supporters

American trade policy since taking office by Donald Trump aligned as president in January 2017 confrontation. His intention was to conclude new "deals" with...

China : Corona virus spreads from person to person

Corona virus in China can also be transmitted from person to person. In addition, infections among medical personnel have been confirmed, a team from...

UNWTO: Global tourism rate fell 4 percent, slowest since 2016

UNWTO report said that the international tourism rates fell four percent last year, the slowest growth since 2016, according to the World Tourism Organization. The...

Malaysia ships back 150 containers of plastic waste to the exporting countries

Malaysia has shipped 150 containers of plastic waste estimated at 3,737 tonnes, to its exporting country since the third quarter last year. Minister of Energy,...