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News for Tuesday, 14 Dec 2010

FIA arrests human-trafficker

LAHORE: The Federal Investigation Agency (FIA) arrested a human trafficker on Tuesday and recovered 51 passports, two driving licenses, two medical reports for attaining visa and four computerised national identity...

Punjab govt compromises Bhogiwal Road’s merits to protect PML-N interests

LAHORE: The Punjab government, to protect the interests of Pakistan Muslim League-Nawaz's (PML-N) local party leaders, has seriously compromised the merits of the under-construction Bhogiwal Road located in NA-123 constituency...

Zardari dual office case – LHC adjourns hearing until January 10

LAHORE: The Lahore High Court (LHC) on Tuesday adjourned the hearing of a petition challenging President Asif Ali Zardari's co-chairmanship of the Pakistan People's Party (PPP). LHC Chief Justice (CJ)...

‘Islam orders severe punishments only for reducing crime rate’

LAHORE: Islam orders severe punishment only for reducing crime rate in society, Lahore High Court (LHC) Chief Justice (CJ) Ijaz Ahmed Chaudhry said on Tuesday. He made these remarks while...

Financial assets grew by 20pc till June 2010: SBP

KARACHI: The size of country's financial system, in terms of assets, has exhibited robust growth, rising by 20 percent to Rs 9.2 trillion by June 2010, compared to December 2008...

Int’l telecom traffic exhibits phenomenal growth

KARACHI: The Long Distance International (LDI) industry has reported the highest number of international outgoing traffic minutes in the Financial Year 2009-10 as a total of 3.2 billion international outgoing...

Rs 613 million Sales Tax fraud unearthed

LAHORE: Federal Board of Revenue's (FBR) Directorate of Intelligence and Investigation, Lahore, has detected the huge General Sales Tax (GST) evasion of Rs 613 million by a group of fraudsters....

China to appeal WTO ruling on tyre exports to US

BEIJING: China said Tuesday it regretted the World Trade Organisation's rejection of its complaint against punitive US tariffs on Chinese tyres and would appeal at an appropriate time. The commerce...

Japanese business hails corporate tax cut plan

TOKYO: Japan's top business lobby on Tuesday hailed a government plan to shave five percentage points off corporate tax as "a first step" towards revitalising the nation's fragile economy.
Prime...

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