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News for Friday, 18 Mar 2011

KSE adds 15 percent surcharge to share taxes

KARACHI - The Karachi Stock Exchange (KSE) has revised upwards its current advance rates of taxes by 15 percent after a recent presidential ordinance levied 15 percent surcharge on the...

SECP nominates LSE directors

KARACHI - The Securities and Exchange Commission of Pakistan (SECP) has nominated high profile and experienced professionals from the financial and capital markets as directors on the Board of Lahore...

Health Ministry moves against spurious drugs

ISLAMABAD - On the directives of National Assembly Standing Committee on Health, Ministry of Health here on Friday conducted a crackdown against spurious drugs and cancelled registration of 283 drugs...

Punjab government responsible for Davis’ release, says Altaf

KARACHI - The Founder of Muttahida Quami Movement(MQM) Altaf Hussain has said that the responsibility for releasing the American Raymond Davis rests with the Punjab Government because he killed Pakistanis...

FBR sacks three contract employees

ISLAMABAD - The government on Friday took another step inline with the apex court's order to terminate the contractual employment of the retired employees as it fired three low-ranked individuals....

Prize bonds being used to whiten money

ISLAMABAD - The unauthorised business of prize bonds is emerging as an illegal market in Pakistan and is also being used as a tool for whitening money. According to a...

Turkish delegation meets Zardari

KARACHI - The proposed Gul Train between Islamabad and Turkey, named after the Turkish president, moved a step forward on Friday as a Turkish delegation led by Prof Dr Guven...

‘India feared Pakistan may harm Kasab’

LAHORE - The Indian government had informed the Federal Bureau of Investigation (FBI) that Pakistan might plan to harm Ajmal Kasab, Indian newspaper Indian Express reported revelations by WikiLeaks on...

‘Communication network in Balochistan being improved’

ISLAMABAD - While briefing the Standing Committee on Information Technology (IT) and Telecom, PTA Chairman Dr Muhammad Yaseen said the authority accorded top priority to communication facilities in the rural...

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