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Daily Archives: February 25, 2021

Expatriates paid Rs5bn tax in 7MFY21 for mobile phones


February 25, 2021

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs4.99 billion in the first seven months of this fiscal year on import of mobile devices through Device Identification, Registration and Blocking System (DIRBs), which is 34.47 per cent higher over the preceding year. The duty was collected from expatriates and travellers on import of mobile phones under baggage. Since July 1, …

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FATF to decide whether Pakistan has done enough to exit grey list


February 25, 2021

The Financial Action Task Force (FATF) is expected to announce later today whether Pakistan has done enough to exit the grey-list as it wraps up its four-day plenary meeting. The FATF president will give a press briefing on the outcomes of the FATF plenary at 9:30pm (16:30 GMT). Background discussions with key officials and foreign diplomats suggest that the jury …

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Nepra cuts rate of return on three nuclear plants


February 25, 2021

ISLAMABAD: The Natio­nal Electric Power Regula­tory Authority (Nepra) on Wednesday slightly reduced the rate of return on equity (ROE) from 15 to 14.5pc for three old nuclear power plants of 930MW. This would provide a saving of Rs2.05bn per annum or about 25 paisa per unit for remaining 25-37 year life of these projects, the re­­gulator said in a statement. …

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Pakistan gets $1.1bn financing to import oil, LNG


February 25, 2021

ISLAMABAD: With sub-optimal utilisation of earlier $4.5 billion worth of three-year financing framework, Pakistan and the International Islamic Trade Finance Corporation (ITFC) on Wednesday signed a $1.1bn trade financing facility for the current year. Under the Annual Financing Plan, “ITFC will mobilise trade financing of $1.1bn during the year 2021”, said an official statement after the signing ceremony. The financing …

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‘The Bad Batch’: Release date of next ‘Star Wars’ series announced


February 25, 2021

“Star Wars” series   The Bad Batch will debut on the Disney+ streaming service on May 4, according to Reuters. The news agency reported it will be an animated show about an elite group of clones. It said Marvel Studios live-action series “Loki,” about the villain played by Tom Hiddleston, will premiere on June 11, Disney said in a statement ahead …

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Dua Lipa says her music is ‘a massive collaborative effort’


February 25, 2021

British singer and songwriter Dua Lipa said she felt vulnerable in her younger years but now she felt the urge ‘to be strong and stand my ground.’ Talking to Apple Music in an exclusive interview, the 25-year-old said she became an artist and a musician while fighting her insecurities and vulnerabilities as she was growing. Detailing about her vulnerabilities, she …

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Johnny Depp’s defamation trial against Amber Heard postponed until next year


February 25, 2021

Hollywood actor Johnny Depp’s 50 million dollar US defamation trial against his ex-wife Amber Heard has been delayed Depp is suing Amber, 34, in Virginia after she wrote an article in the Washington Post claiming to be a victim of domestic abuse. The 57-year-old actor actor launched legal proceedings against her in March 2019 and after several delays, the case …

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Britney Spears says her body looks ‘different’ with change in diet


February 25, 2021

Princess of Pop Britney Spears seems a bit conscious about her body as she said it looked ‘a little different’ after she affected a change in diet.   Her post also demonstrates her love for Doritos. Taking to Instagram on Tuesday, the 39-year-old singer shared a video of herself dancing in a white crop top and pinks shorts. She captioned the …

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Khloe Kardashian corrects fans ‘photoshop’ remarks about her latest snaps


February 25, 2021

Khloe Kardashian corrected her fans who claimed that the reality star’s latest promotional photos for her new shoe line to be heavily photoshopped. The 36-year-old reality star received flak from fans after sharing a series of her quirky snaps, showing her slimmer than normal with elongated hands and feet. Soon after the KUWTK star posted the pictures, her eagle-eyed fans started to …

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