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Tuesday, July 31st, 2018

 

Amnesty Scheme Yields $1.2 Billion in Taxes, $18 Billion in Hidden Assets Whitened

The FBR has fetched Rs97 billion from declarants, of which Rs36 billion have been retrieved on overseas assets, Rs61 billion on domestic assets, and $40 million has been repatriated. JUL 31, 2018 (BE2C2): The tax amnesty scheme has encouraged more than 64,000 individuals to avail the opportunity, paying Rs107 billion in taxes on the value of assets they declared under offshore and domestic amnesty schemes. Roughly, Rs25 billion are expected to be deposited this month, bringing total tax contributions to Rs142 billion, according to FBR officials. At Rs120 to aRead More


Where Eagles Dare: How Pakistan Army’s “Fearless Five” Rescued Russian Mountaineer From 20,650 Feet

JUL 31, 2018: Tuesday afternoon Army Chief Gen Bajwa visited Russian mountaineer Alexander Gukov at Combined Military Hospital (CMH) in the garrison city of Rawalpindi after Alex was rescued from the killer mountains. The Russian climber was stranded at 20,650 feet high Latok Peak in Biafo Galcier in the country’s northern region — his expedition buddy Sergey had died several days earlier. The Russian Climber was struck on Latok Top since 25 Jul and had exhausted his supplies since last 3 days . 7 rescue attempts were made between 26-30Read More


Saudi Arabia Halts Basmati Rice Imports From India, Exporters Urge Govt Intervention

JUL 31, 2018 (BE2C2): India’s Basmati Rice exporters have urged its federal government to initiate steps to resume export to Saudi Arabia which halted Rice imports from India since June for non-compliance with its new maximum level of pesticide residues in food items. Exporters warn that the development will significantly shrink India’s share in the global rice market. India is the largest exporter of basmati, shipping 4 million tons of basmati in 2017-18 globally. The Kingdom’s rice import from India top the list with market share exceeding 77 percent inRead More


Meet the Three Pakistani Expats From UAE Who Won the Election

Meanwhile, former British MP — UK’s first Muslim MP and ex-governor Punjab Mohammad Sarwar (2013 to 2015) may become the Foreign Minister in Imran Khan’s cabinet. JUL 31, 2018: Three Pakistani expatriates living in the UAE have won seats in the general elections held on July 25, report the Gulf News . Two of them have been elected on the National Assembly seats while one has been declared successful on the provincial assembly seat in Punjab. A total of seven Pakistani expatriates from the UAE had contested in the elections.Read More


Five Brands of Bottled Water Found Unsafe for Drinking

JUL 31, 2018: The Pakistan Council of Research for Water Resources (PCRWR) has found five brands of bottled mineral water unsafe for drinking due to microbiological contaminations which may cause cholera, diarrhoea, dysentery, hepatitis, typhoid etc. These brands include Gourmet, Aqua Super Life, Shiraz, Aqua Splash and Marina according to a public awareness statement issued by PCRWR on Monday. From April to June 2018, 85 samples of mineral and bottled water brands were collected from Islamabad, Rawalpindi, Peshawar, Lahore, Bahawalpur, Tandojam, Quetta and Karachi. Comparison of analytical findings with permissibleRead More


US, Taliban Direct Talks Remain ‘Positive’, Another Round Expected Before Eid ul Azha

“We have held three meetings with the US and we reached a conclusion to continue talks for meaningful negotiations,” said a second Taliban official. JUL 30, 2018: A meeting between a senior US diplomat and Taliban representatives in Doha last week to discuss a possible ceasefire ended with “very positive signals” and a decision to hold more meetings, people with knowledge of the talks told Reuters on Sunday. The meeting between a delegation led by Alice Wells, deputy assistant secretary in the State Department’s Bureau of South and Central AsianRead More