2004 December - 6

The government has decided to remove income withholding tax on gifts sent by the overseas Pakistanis to friends and families. At present, the government levies 6 per cent withholding tax on these gifts. Previously gifts below the cost of Rs 1,000 were not taxable. The government raised the limit of non-taxable gifts to Rs 10,000, [...]

Music for a noble cause, and this year, it’s not just a journey beyond barriers, but beyond borders, too. On December 23, the St Xavier’s College grounds will reverberate with the beats of Strings — the duo of Faisal Kapadia and Bilal Maqsood from Pakistan, MTV veejay-turned-singer Sophiya and popstar Shibani. ‘It’s an effort to [...]

The devaluation of the Pakistani rupee by 4-5 per cent since July has boosted the interest of prospective African buyers of rice, traders say. A surge of orders is expected from the second half of this month and it could not come at a more opportune time for Pakistan’s rice farmers. They expect to produce [...]

China announced that it will provide technical assistance to the country of Pakistan in producing electricity through solar energy, said an official of the Jiangsu Solar Energy Resources Institute. “We can help Pakistan manufacture solar collector tubes that could be used to providing cheap electricity,” said the official. “We will also transfer technology to Pakistan [...]

The US police experts have started training Pakistani police officers in community policing, an official source said. Police officers of the rank of ASP from all over the country are attending the two-week training programme in Islamabad during which they will be taught modern techniques and methods of community policing. He said police officers participating [...]

Sohail Abbas scripted yet another record and guided Pakistan to a 2-1 win over arch-rivals India in their crucial league match in the Champions Trophy hockey tournament on Wednesday. The ace drag-flicker, coming to the match just one goal short of erasing Australian Mark Hager’s Champions Trophy record of 32 goals, slammed home from a [...]

The first movie made jointly by producers from Pakistan and India will be ready for screening next month, a leading Indian film director said Tuesday. Nazar (Sight) is based on the life of an Indian woman who struggles against social injustices common in both Pakistan and India, rival nations who share more than half a [...]

The first ever joint venture agreement for manufacturing of automotive parts was signed between JinKwang, a South Korean firm and JAZ Engineering of Pakistan in the presence of Minister for Industries and Production, Jehangir Khan Tareen on Monday night. The joint venture company, Jinkwang JAZ Ltd, has planned to start manufacturing operation with two production [...]

Born in Rawalpindi, I completed my masters in information technology. After my education I worked as manager IT in a private company. Working with the private company for one year gave me enough experience about market trends in IT. With the financial assistance of my father, who works as consultant with a firm, I established [...]

The Karachi Circular Railways will start operating from January, 2005. A report presented to Prime Minister Shaukat Aziz on Monday said it had been decided that the KCR would be operated by an independent corporation, jointly owned by the Pakistan Railways, Sindh government and the Karachi city government. A task force was asked to suggest [...]