inzamamulhaq

Indian clears 4.74$ billion dollars defence purchase

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Indian defence ministry has purchased of militry aqupments 4.74$ billions dollars including for long range patrol aircraft from US aerospace giant Boeing, an official said Wednesday. The Defence Acquisition Council, which approves big-ticket purchases, also approved an order for 428 air defence artillery guns during a meeting late Tuesday, the official added. “The council has cleared proposals relating mainly to …

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AfPak Daesh chief killed in drone strike

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KABUL – The head of the Islamic State group in the Afghanistan-Pakistan region has been killed in a drone strike in eastern Afghanistan, intelligence officials and militant commanders said Saturday. The National Directorate of Security (NDS), the Afghan spy agency, said Hafiz Saeed was among 30 IS-linked cadres killed in the strike in restive Nangarhar province, close to the Pakistani …

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Greek crisis props up dollar against rupee

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RACHI: Although the Greece economic crisis did not make a direct impact on Pakistan, dollar’s deep attachment with the issue was reflected in the currency market and exchange rates. Market experts said that the crisis weakened the euro, and ultimately the dollar gained against all major currencies, including the rupee. Despite heavy inflow of dollars in Ramazan, the greenback did …

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World Bank, IMF launch joint initiative to strengthen tax collection

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WASHINGTON: The World Bank and the International Monetary Fund are launching a new initiative to help developing countries strengthen their tax systems, says an official announcement. Analysis associated with the two institutions suggests that many lower-income countries have the potential to increase their tax ratios by at least 2 to 4 per cent of their GDPs, without compromising fairness or …

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Speaker castigates NAB hints at filling refrence

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Lahore News; National Assambly speaker Ayaz Saddique has critiside the National accountibility Bureau and cautioned that a reference might be filed against it too. Speaking at the refrence on Saturday, He alleged that the on one hand the NAB was closing cases was billions of rupees under the so called ple bargain under the it was fillous other cases was …

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Dozens of villages cut off due to flooding

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Lahore Heavy rain was reported from some cities in Punjab, including Rawalpindi, on Saturday and the Pakistan Meteorological Department forecast that the monsoon activity would continue in the province and Azad Kashmir over the next 24 hours. The Federal Flood Com­mis­sion said River Chenab was in low flood in the Khanki-Qadirabad reach, whereas River Kabul was in medium flood in …

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