Pakistan gets stay over $6bn fine in Reko Diq case
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) on Thursday granted a stay on enforcement of the massive penalty of $6...
Penny Appeal CEO Aamer Naeem accused of harassment, misconduct
Leading British Muslim charity Penny Appeal’s Chief Executive Officer (CEO) Aamer Naeem OBE has been accused of "bullying, harassment and intimidation" by a number...
SC seeks FBR report on Rs90m tax refund fraud
The Supreme Court has directed the Federal Board of Revenue (FBR) to submit a report on measures taken to recover money from individuals receiving...
EETL denies corruption accusations, says ready to cooperate with NAB
Apropos to the NAB press release issued on Friday, Engro Elengy Terminal Limited has stated that the company has always been supportive of the...
NAB arrests Miftah Ismail after IHC rejects bail extension
Former finance minister Miftah Ismail was arrested on Wednesday by the National Accountability Bureau after his pre-arrest bail was rejected by the Islamabad High...
Govt six-member constitutes committee to probe benami properties
ISLAMABAD: The government has constituted a high-powered Benami Information Processing Committee ostensibly to identify and take swift action against benami asset holders, it was learnt...
Chinese billionaire indicted in US for alleged $1.8bn aluminum tariff evasion
WASHINGTON/NEW YORK: A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade...
Companies using Facebook ‘Like’ button liable for data: EU court
BRUSSELS: Companies that embed Facebook’s “Like” button on their websites allowing users’ personal data to be transferred to the US social network can be held...
Indian businessman Pramod Mittal detained in Bosnia
SARAJEVO: Indian businessman Pramod Mittal has been detained by police at a company in northern Bosnia on suspicion of organised crime and abuse of...
AOB bars firm from conducting audit proceedings
ISLAMABAD: The Audit Oversight Board (AOB) has revoked the registration of an audit firm and thereby stopped it from carrying out the audit of...
Pakistan loses appeal against Broadsheet, asked to pay $33m
Pakistan has lost yet another case against Broadsheet LLC, as its plea has been dismissed by the London High Court, setting the total payable...
SC voids Royal Palm lease, orders PR to assume control
ISLAMABAD: The Supreme Court on Friday declared void the lease of railways land granted in 2001 for developing Royal Palm Golf And Country Club and directed...
FBR barred from keeping taxpayer’s audit info secret
'How can a taxpayer defend himself during the audit process when parameters and reasons will not be disclosed to him?'
LAHORE: Putting the Federal Board...
FBR forms committee to identify, remove anomalies in finance bill
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has constituted an 'Anomaly Committee' to identify and remove the technical and legal anomalies in the...
‘Law ministry bound to act upon complaints of FBR, Asset Recovery Unit’
'The ministry on its own has no mechanism to look into the assets of any judge'
The Ministry of Law and Justice is bound...
