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  • Dalian Wanda Group to buy UK yacht maker and hotel property Dalian Wanda Group to buy UK yacht maker and hotel property

    LONDON - China's largest premier commercial property and entertainment conglomerate, Dalian Wanda Group Wednesday entered into 320million pounds definite acquisition deal with leading British yacht company, Sunseeker International Ltd, under which Wanda will acquire a majority shareholding of 91.81% in pre-eminent luxury motor yacht manufacturer. Under the agreement, the remaining 8.19% ...

  • Lundbeck and several drug firms fined for pact to delay generic drugs Lundbeck and several drug firms fined for pact to delay generic drugs

    BRUSSELS - European Union in its first case over pay-for-delay deals that held back sales of cheaper generic drugs Wednesday fined Danish pharmaceutical company Lundbeck 93.8 million euros and imposed fines totaling 52.2 million euros on several other producers of generic medicines. The European Commission, the EU's antitrust regulator, said the companies had reached agreements that may ...

  • Nepra to determine upfront tariff for 50MW coal plants

    KARACHI: The National Electric Power Regulatory Authority (Nepra) is in the process of determining the upfront tariff for 50MW coal-based power plants. Based on a feasibility study submitted by Punjab Power Development Board (PPDB) for the upfront tariff of 50MW coal-based power projects, Nepra has proposed a levelized tariff of Rs12.46 per per kWh. The PPDB feasibility report was specifically ...

  • Halfhearted tax measures wont yield desired results

    LAHORE: The halfhearted measures taken by Finance Minister Ishaq Dar to bring more sectors in the tax net will not yield the desired results unless the avenues available for tax evasion are completely plugged, economists said. Faisal Qamar, an economist, said that the government has made it mandatory for the tax filers to show evidence of the agriculture income tax paid in their province if they ...

  • PPL discovers gas in Sindh

    KARACHI: The Pakistan Petroleum Limited (PPL) has announced gas and condensate discovery over its exploration well Wafiq X-1 located in Sanghar district, Sindh, a statement said. Pakistan Petroleum Limited is the operator of the Bloc 2568-18 (Gambat South) with 65 percent working interest along with its joint venture partners, Government Holdings (Private) Limited (GHPL) and Asia Resources Oil ...

Movie Review

Seven Samurai (Shichinin no samurai) [DVD]

Seven Samurai (Shichinin no samurai) [DVD]

At its core, Akira Kurosawas Seven Samurai is little more than a great yarn extremely well spun. Its story is so simple, it can be summarized in a single sentence: Small Japanese farming village is threatened by bandits and hires seven ronin (masterless samurai) to protect them ... ...

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  • Pakistan India need to take measures to improve trade ties

    LAHORE: Pakistan and India have to take further measures on a reciprocal basis to improve economic relations, Sharat Sabharwal, outgoing Indian high commissioner, said on Wednesday. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) during a farewell reception, the Indian diplomat gave credit to private sectors of the two countries for making right moves at the right time. It is not ...

  • Switzerland to expose US tax dodgers

    GENEVA: Switzerland's upper house on Wednesday again backed a deal with Washington to expose US tax dodgers and fine Swiss banks, which helped hide their money, a day after G8 leaders agreed to chase cheats and corporate fiddles. The upper and lower houses are taking different lines on the tax agreement in the midst of controversy in advanced nations about tax evasion and low tax bills by ...

  • Pilots urge tax withdrawal

    KARACHI: PIA pilots have urged the government to withdraw the proposed enhancement of the tax under the heads of flying allowance and free tickets to maintain the minimum relief to underpaid captains as compared to their counterparts in other airlines of the region. In a letter to the Federal Finance Minister, the president of the Pakistan Airline Pilots Association (PALPA), asked the government ...

  • German envoy urged to increase investment

    KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Haroon Agar has urged Pakistan's Ambassador to Germany Abdul Basit to facilitate German investment in Pakistan. Agar told Ambassador Abdul Basit during his visit to KCCI on Wednesday that within the EU, Germany has become Pakistan's largest trading partner. "There are many opportunities in the economic field and ...

  • Standard Chartered Saadiq bags award

    KARACHI: Standard Chartered Saadiq won the "Islamic Bank of the Year in Pakistan" award by The Banker, an affiliate of Financial Times. The award is in recognition of its structuring and distribution capabilities, and reinforces its leadership position in Islamic Banking. Some of the largest local players in the banking industry were also in the running for the award. The Islamic bank ...

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