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Yearly Archives: 2020

China to build new hospital for virus within 10 days


January 25, 2020

BEIJING: China is rushing to build a new hospital in a staggering 10 days to treat patients at the epic entre of a deadly virus outbreak that has stricken hundreds of people, state media reported Friday. The facility in the central city of Wuhan is expected to be in use by February 3 to serve a rising number of patients …

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Engineering goods export being encouraged


January 25, 2020

ISLAMABAD: Pakistan plans to enhance the exports of engineering sector over the next 10-years by encouraging the capacity of light engineering and consumer items already manufactured locally. Engineering Development Board CEO Raza Abbas acknowledged the demands for a level playing field and incentives by certain industries as justified, but said the business community too should assure their contributions to enhance …

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Tax drive blamed for slump in car sales


January 25, 2020

LAHORE: Any reduction in or removal of taxes imposed on locally assembled cars in the budget for the current fiscal year will not lift the gloom in the country’s automobile industry as the sales have slumped mainly on account of the ongoing drive to document the economy and not owing to the rising prices of vehicles, a top executive of …

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Govt in push for 12 more offshore oil and gas exploration blocks


January 25, 2020

ISLAMABAD: Undeterred by the recent failure of the much hyped Kekra project, the Petroleum Division has sought security clearance of a dozen offshore blocks before inviting international oil and gas exploration and production companies for bidding. A senior government official told Dawn that a list of 12 exploration blocks in the deep and ultra-deep sea has been provided to the …

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FBR unit unearths novel way of evading tax


January 25, 2020

ISLAMABAD: The Direc­torate General of Intelligence and Investigation (DG I&I) of the Federal Board of Revenue (FBR) has unearthed several cases involving business concerns that park money in far-flung areas after making cash transactions in order to avoid taxes. Preliminary investigations have revealed tax evasion of billions in just three cases that fall under the category of money laundering. “The …

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KGS, Habib Girls, Elite School win netball titles


January 25, 2020

KARACHI: Karachi Grammar School won the PAFIAN Girls Netball Cup U-15 category title while Habib Girls School won the U-17 and Elite Netball Club clinched the U-19 category titles respectively. The final matches of all categories were played here on Friday in the tournament which was organized by Pakistan Netball Federation.In the U-15 final City School Gulshan lost to Karachi …

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Cueist Asif to be honoured soon for his world title: Arif Alvi


January 25, 2020

ISLAMABAD: President of Pakistan Dr. Arif Alvi has assured two-time IBSF world snooker champion Muhammad Asif of honouring him with a handsome cash reward for winning the world snooker title in Antalya, Turkey last year. “The Honorable President was pleased to meet Asif and promised to recommend him for a befitting cash reward for his brilliant performance for the country,” …

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Iyer fireworks give India victory in T20 opener against NZ


January 25, 2020

AUCKLAND: Shreyas Iyer emerged as a new star of Indian cricket when his calm, unbeaten half-century clinched a six-wicket win for his team over New Zealand in a high-scoring first Twenty20 international at Eden Park in Auckland. Iyer scored his second Twenty20 international half century with 58 not out and finished the game with his third six as India reached …

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No deal with Bangladesh over Asia Cup hosting, says Wasim


January 25, 2020

LAHORE: Pakistan Cricket Board (PCB) chief executive Wasim Khan dismissed reports that Pakistan had given up its hosting rights of the T20 Asia Cup to Bangladesh in exchange for the latter to send its team for a split-series that got underway on Friday. After the Bangladesh Cricket Board (BCB) agreed to send its team to Pakistan following a consensus with …

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