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Thursday, April 5th, 2018

 

Pakistan to receive one of the biggest loan tranche worth $3.28 billions

ISLAMABAD, APR 05 (DNA) – Pakistan is all set to receive one of the biggest loan tranche from the International Islamic Trade Finance Corp. The International Islamic Trade Finance Corp has agreed to lend Pakistan $3.285 billion, its chief executive said on Thursday. “We will supply Pakistan with $3 billion to finance trade activities for a period of three years,” Hani Salam Sonbol said, adding that the remaining $285 million would be to finance gasoline purchases. Jeddah-based International Islamic Trade Finance Corp is the financing arm of the Islamic DevelopmentRead More


Amnesty scheme an attempt to turn black money into white: Khan

ISLAMABAD, APR 05 (DNA) – Pakistan Tehreek e Insaf has decided to strongly resist federal government’s tax amnesty scheme terming it an attempt to pave the way to whiten black money. According to the details furnished by party’s Central Media Department senior PTI leader and Member National Assembly Asad Umer has slammed government for proposing amnesty scheme. “National Assembly’s Standing Committee for Finance unanimously passed resolution against Amnesty Scheme”, said Umer. Despite the resolution, he went on adding that braggarts of “sanctity of vote” are so oblivious to the sanctityRead More


Heavy kids who normalize weight in childhood can avoid extra diabetes risk

NEW YORK, APR 05 (DNA) – Although being overweight as a child increases the risk of type 2 diabetes in adulthood, a new study shows that the extra risk disappears if that excess weight is lost by age 13 and kept off in early adulthood. “Until our study came along, it was known that weight reduction in adulthood could reduce the risk of type 2 diabetes,” coauthor Dr. Jennifer Baker said in an interview. “Ours is the first and largest to show if we do this before puberty – andRead More


Pakistan’s new tax reforms package: salient features

ISLAMABAD, APR 05 (DNA) – Prime Minister Shahid Khaqan Abbasi has announced a major tax reforms package envisaging substantial reduction in income tax rates and launching of an amnesty scheme for undeclared assets. Addressing a news conference in Islamabad on Thursday, he said maximum rate of income tax is being reduced from the existing 30% to 15%. Annual income of upto 1.2 million rupees would be exempt from the income tax. There would be five percent income tax on income falling between 1.2 to 2.4 million rupees annually. The rateRead More


Pakistan has untapped 300,000 square km maritime resource area: CNS

KARACHI, APR 05 (DNA) – Chief of the Naval Staff Admiral Zafar Mahmood Abbasi visited Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday. The visit was aimed at creating synergy between the business community and the maritime sector so as to give a boost to country’s economy. Addressing the representatives of business community and members of FPCCI, the Naval Chief said that in any national security construct; economic security occupies similar status as of military or foreign policy. He further added that health of a nation’s economyRead More


COAS General Bajwa reiterates earliest mainstreaming of FATA

SOUTH WAZIRISTAN AGENCY, APR 05 (DNA) –  Chief of Army Staff (COAS) General Qamar Javed Bajwa inaugurated two mega projects in South Waziristan Agency (SWA) on Thursday. The projects include Agriculture Park at Wana and a market at Makeen. Both these facilities are part of socio-economic uplift program for FATA. The projects have been executed by Pakistan Army engineers in collaboration with the government. Agriculture Park Wana comprises multiple components, including state-of-the-art Pine N Processing Plant, 1,000 ton capacity Cold Storage Facility, Ware Houses, Godowns and 128 shops. ‘Makeen MarketRead More