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...

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...

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...

Mandviwalla says will prove Ali Siddiqui’s Air Blue investment in court

Senate deputy chairman had stated that appointment of Ali Siddiqui as advisor to PM was made after his investment of $20m in Khaqan...

Importer restrained from defaming Maersk Shipping Line 

KARACHI: South Karachi District and Sessions Court on Saturday directed an importer, who was continuously defaming a multinational company, Maersk Shipping Line, not to...

Pakistan faces risk of arbitration lawsuits if it becomes ECT member: Report

According to the report, ECT is an influential tool in the hands of large oil, gas and coal companies which permits them to dissuade governments from moving to clean energy

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares