High 14 oC - Low 7 oC

News for Monday, 16 Jan 2012

CGT not in interest of economy, SECP concedes after two years

Securities and Exchange Commission of Pakistan (SECP) has come up with various proposals to revamp the controversial Capital Gains Tax (CGT) in the country’s capital market where the apex regulator...

MFN with India to adversely impact industry

The domestic industry is still not prepared for competition with the Indian industry after 16 years of signing up on the WTO, stated Mehnaz Shiraz, a WTO expert on a...

Italian liner disaster captain broke the rules: owner

The captain of a cruise liner that ran aground off the coast of Italy, leaving at least six dead, broke the rules in an “inexplicable” error, the head of the...

‘Iran violating arms embargo with shipments to Syria’

Iran has repeatedly violated a UN arms embargo with exports to protest-hit Syria, the French foreign ministry said on Monday, citing a UN group of experts. “The UN panel of...

Bulls throng KSE despite political instability

As the political standoff between the ruling regime and the armed forces continued to tone down its aggressive rhetoric, investors returned to the market foray to scoop up their favourite...

Zimbabwe opens inquest into ex-army boss’s death

Zimbabwe on Monday opened a court inquest into the death of former army chief Solomon Mujuru, who was killed last year in a mysterious inferno, in a case that has...

Egypt presidential race to open mid-April

Candidates for Egypt’s first presidential election since the ouster of veteran leader Hosni Mubarak can start registering from April 15, a member of the ruling military council said in the...

Three die in Afghan helicopter crash

Three people died when a civilian helicopter contracted to NATO forces crashed in flames in Afghanistan’s southern Helmand province on Monday, officials said. The aircraft had “gone down due to...

Kazakh ruling party wins landslide, observers troubled

The ruling party of Kazakh President Nursultan Nazarbayev Monday won a landslide victory with over 80 percent of the vote in parliamentary polls which observers said failed to meet democratic...

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