Friday , 28 April 2017

Le Pen’s party accused of defrauding EU of 5m euros

PARIS: The European Parliament accuses French presidential candidate Marine Le Pen’s party of defrauding it of nearly five million euros ($5.5 million) in expenses, more than twice an initial estimate, a French legal source said Thursday. The parliament accuses Le Pen’s anti-EU National Front (FN) of using funds meant for …

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Return of Afghans should be in line with international principles

PESHAWAR: UNHCR Assistant High Commissioner for Protection Volker Türk has emphasised that voluntary return of Afghan refugees from Pakistan to their homeland should take place in line with international principles. Talking to journalists here after visiting Voluntary Repatriation Centre (VRC) Chamkani on Thursday, he said that it was extremely important …

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MNA claims kidney trade continues in certain hospitals

ISLAMABAD: Some private hospitals of the federal capital are involved in the sale and purchase of kidneys, said MNA Babar Nawaz Khan on Thursday during a meeting of the National Assembly Standing Committee on National Health Services (NHS). The MNA was defending his bill titled ‘Transplantation of Human Organs and …

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Reserves losing half a billion dollars every month

KARACHI: Foreign exchange reserves have been dropping by a monthly average of half a billion dollars, making it difficult for the government to strike a balance between the outflow and inflow of greenbacks. Market sources said public-sector companies are not buying dollars from the interbank market. Instead, they are taking …

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Builders protest ‘high’ prices of steel, cement

KARACHI: Builders are agitating against high prices of steel, cement and ceramics, and have asked the government to protect interests of the general public instead of the industry. In a statement issued on Thursday, Association of Builders and Deve­lopers (ABAD) Chairman Mohsin Sheikhani said manufacturers were seeking a permanent anti-dumping …

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Customs valuation rate on import of 1,800cc vehicles increased

KARACHI: The Direc­torate of Customs Valuation has increased the customs valuation rate on import of 1,800cc and above vehicles ahead of federal budget 2017-18. All Pakistan Motor Dealers Association (APMDA) Chairman H.M. Shehzad said the decision would raise the duty of such vehicles by Rs200,000 to Rs1.5 million depending on …

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Efforts under way to boost Pak-Iran trade volume to $5bn

QUETTA: The Consul General of Iran in Quetta, Agha Mohammad Rafai, said on Thursday that efforts were under way to enhance trade volume between Iran and Pakistan up to $5 billion annually. Speaking to businessmen and traders at the office of the Pak-Iran Joint Chambers of Commerce here on Thursday, …

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Stocks retreat as investors take profits

KARACHI: Stocks dropped on Thursday as investors decided to book profit, partly to sell off overvalued stocks and in part due to futures rollover week. The benchmark KSE-100 index shed 346 points, or 0.69 per cent, to close at 49,481.70. While foreign investors sold shares worth $3.41 million, mutual funds …

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Two US troops killed fighting IS in Afghanistan

Two US troops were killed and one was wounded while fighting the militant Islamic State group in Afghanistan, the US military said Thursday, near where Washington this month dropped the “Mother of All Bombs”. US Forces-Afghanistan said the troops “came under attack during a raid against insurgents in Nangarhar province” …

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FBR barred from making unauthorised raids

ISLAMABAD: The Senate Standing Committee on Finance on Thursday directed the Federal Board of Revenue (FBR) not to conduct raids at any business entity without the authorisation of its chairman or member operations. “The committee will collect monthly details of raids from all chambers of commerce and industry in the …

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