Van believed to have transported explosives found

Cabinet assured no move to impose surcharge tax on EPF, ETF

The Cabinet was today assured that there was no move to impose a surcharge tax on the Employees? Provident Fund (EPF) or the Employees? Trust Fund (ETF). The assurance was given by Finance Minister Basil Rajapaksa when the Cabinet convened this evening (Monday). The Finance Minister assured that the one-time surcharge tax of 25% will not be imposed on the EPF and ETF and nine other funds. The Government has proposed a 25% surcharge tax on individuals or companies earning an annual taxable inc

14 Feb, 2022

IMF loans can compromise Pakistan’s economic sovereignty, says expert

Islamabad [Pakistan], February 10 (ANI): The International Monetary Fund (IMF) has agreed to provide a USD 6 billion bailout package for Pakistan, but it can adversely affect common livelihoods and can compromise Pakistan’s economic sovereignty. Valerio Fabbri, writing in Geopolitica.info said that Pakistan’s economy is in the doldrums. To make the matter worse, inflation has reached alarming levels- 12.3 per cent in December 2021 – and the country’s currency is weakened to Rs 176 to a dollar-

14 Feb, 2022

Sri Lanka fined for slow over-rate in the second T20I against Australia

Sri Lanka have been fined 20 per cent of their match fee for maintaining a slow over-rate against Australia in the second T20I held in Sydney. David Boon of the Emirates ICC Elite Panel of Match Referees imposed the sanction after Sri Lanka were found to be one over short of the target after time allowances were taken into consideration. In accordance with Article 2.22 of the?ICC Code of Conduct for Players and Player Support Personnel, which relates to minimum over-rate offences, players are

14 Feb, 2022