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Oil prices down in Asian trade

Source: Geo News | 20-01-2014

Oil prices eased in Asian trade Monday after China´s 2013 economic growth came in at its slowest rate in 14 years, fuelling concerns over demand in the world´s second largest economy.

New York´s main contract, West Texas Intermediate (WTI) for February delivery, was down 76 cents at $93.61 a barrel in mid-morning trade, while Brent North Sea crude for March dropped 21 cents to $106.27.

FBR conducts computer ballot for audit cases selection

Source: The Nation | 26-02-2013

The Federal Board of Revenue has conducted computer ballot for selection of cases for audit pertaining to tax year 2011. The selection has been made on the basis of three separate risk parameters for Income Tax, Sales Tax and Federal Excise Duty laws for corporate and non-corporate cases. Member (Taxpayer Audit), while welcoming the participants, stated t..... Read more

Yen rebounds in Asia

Source: Geo News | 27-09-2013

TOKYO: The yen rallied in Asia on Friday, rebounding from the previous day's losses fuelled by a report that Japan would cut corporate taxes to offset the impact of an expected hike in sales tax. In Tokyo midday trade, the dollar bought 98.72 yen, compared with 98.94 yen late in New York and well below the levels above 99 yen in Asia Thursday. The e..... Read more

EC to give 42m euros in aid to Pakistan

Source: dawn | 11-01-2013

Pakistan will receive 42 million euros in humanitarian aid from the European Commission this year. The aid announced in Brussels on Thursday is part of 661m euros assistance the EC has allocated for 2013. As in previous years, part of the budget is dedicated to forgotten crises — communities that receive little media attention ..... Read more

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