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Daily Archives: May 2, 2021

Mohsen emerges from the shadows with plans to resolve PFF crisis


May 2, 2021

KARACHI: Ever since FIFA appointed a Normalisation Committee for the Pakistan Football Federation in September 2019, one man has been consistently mentioned as having had a big say on the decisions taken by the NC. Mohsen Gilani has been called the orchestrator, the influencer, the ring leader to whose tune the NC has danced. He has maintained a low profile, …

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PSX suffers losses amid Covid surge


May 2, 2021

KARACHI: Enhanced restr­i­ctions amid surging Covid third wave did hurt sentiments at the stock market in the rollover week triggering profit-selling by investors with the result the benchmark KSE 100-index lost 444.41 points, or 0.99 per cent, to close the week at 44,262.35 points. On a month-on-month basis, the index saw a loss of 228.68 points over March 31 closing …

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Trade, industry decry long Eid holidays


May 2, 2021

KARACHI/LAHORE: The export-oriented industry and trade on Saturday strongly rejected the government’s announcement of a five-day Eidul Fitr holiday from May 10 to 15, claiming that the break would cause a loss of over $300 million in exports. Talking to Dawn, trade and industry leaders said the long Eid holiday – which is likely to spill over to nine days starting …

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Number of tax return filers rises by 12pc to 2.9m


May 2, 2021

ISLAMABAD: As part of broadening of tax base, the Federal Board of Revenue (FBR) has received 2.9 million income tax returns for tax year 2020 as against 2.6m returns in the previous year, showing an increase of 12 per cent. The tax deposited with income tax returns from salaried, non-salaried individuals, the association of persons and companies for the tax …

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Ring Road land acquisition branch’s security handed over to police after fire


May 2, 2021

RAWALPINDI: After a fire incident in the office of the Water and Sanitation Agency (Wasa) on Friday, the Rawalpindi Development Authority (RDA) has, as a precautionary measure, handed over the security of the land acquisition data of Ring Road Project to the police. The offices of the RDA land acquisition branch and Wasa are located in different blocks but on …

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Kanye West’s wedding band snap has no mystery, says DJ Khaled


May 2, 2021

American singer DJ Khaled snubbed the rumours that the picture of Kanye West that he shared on his social media triggered, saying it was an old picture hence there is no such mystery around the Gold Digger singer’s wedding band. It was a normal picture captured in DJ Khaled’s studio where the two singers were sharing their music with each …

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SC petitioned to have SBP policy rate slashed


May 2, 2021

ISLAMABAD: The Supreme Court has allowed fixing for hearing of a pro bono publico petition by a former minister seeking a directive for the government to reduce the central bank’s policy rate and scaling down of interest payments being paid out of public money to finance deficit. “The petition reflects serious thought and presents an analysis that invites judicial consideration of the …

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Inflation in double digits again after 12 months


May 2, 2021

ISLAMABAD: April saw a double-digit increase in prices of consumer items as inflation edged up to 11.1 per cent from 9.1pc in March, showed data released by the Pakistan Bureau of Statistics on Saturday. Inflation entered a double-digit figure after a gap of 12 months though it fell to 5.7pc in January 2021. It is mainly driven by double-digit growth …

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