NBR not to impose minimum tax on TIN holders
The National Board of Revenue on Monday said it would not impose minimum tax on people having tax identification numbers in the next budget for 2012-13 fiscal year. The revenue board, however, did not... Full storyPM urges US to allow duty and quota free market access
Lenders release only 33pc of promised loans in 9 months
International lenders in the first nine months of the current financial year disbursed only 33 per cent or $1,407.40 million in loans and grants against a $4,149.56-million committed by them to disburse in the... Full storyIndia lifts ban on cotton exports
India has lifted a ban on cotton exports, the trade minister said on Monday, after a series of policy flip-flops from the world’s second-biggest producer of the fibre, a move which will add supplies to an... Full storyStocks gain in thin trade
Dhaka stocks gained on Monday amid political tension when investors got assurance from the DSE leaders of taking a hard stance on the legal battle over the minimum shareholding requirement for the listed... Full storyCommittee submits list of affected share investors
A special committee on the stock market stimulus package on Monday submitted to the Securities and Exchange Commission a list of the investors who were affected by the market crash last year. Full storySpain in recession as austerity bites
Spain’s economy slipped into recession in the first quarter as domestic demand shrank, data showed on Monday, with deep government spending cuts in an uphill battle to trim the public deficit likely to delay... Full storyOil prices down
Oil prices edged lower in Asia Monday, with investors fretting over stuttering growth in the US economy while political and economic uncertainty in the eurozone also weighed, analysts said. Full storyEuro down on election jitters, Spain ratings cut
The euro lost ground against the dollar in Asia on Monday as wary traders withdrew their money from Europe after Spain’s ratings cut and ahead of elections in key European states, analysts said. Full storyNo end in sight to global jobs crisis: ILO
Fiscal austerity and tough labour reforms have failed to create jobs, leading to an ‘alarming’ situation in the global employment market that shows no sign of recovering, the International Labour Organisation... Full storyGovt should go for re-export, entrepot trade instead
