Sindh opposes immediate sugar deregulation

Objects to new mills, backs phased reform over 5-10 years casting doubt on IMF deadline ISLAMABAD: The Sindh government has rejected immediate deregulation of the sugar sector. It also opposes abolishing crop zoning and a ban on new mills, bringing into question the federal government’s commitment to the International Monetary Fund (IMF) to approve the…

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Knicks sweep Cavs to reach first NBA Finals

WASHINGTON: The New York Knicks advanced to the NBA Finals for the first time since 1999 with a 130-93 victory at Cleveland on Monday, stretching their team-record playoff win streak to 11 games. Karl-Anthony Towns had 19 points and 14 rebounds, O.G. Anunoby added 17 points and reserve Landry Shamet had 16 points with 4-of-4…

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Buyers allege cattle market extortion

LAHORE: With Eidul Azha around the corner, complaints of overcharging and extortion in Lahore’s cattle markets have mounted, with citizens and livestock traders saying they have been left at the mercy of contractors operating with impunity. From Shahpur Kanjran – Punjab’s largest permanent cattle market – to temporary sale points established across the city, buyers…

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Govt mulls 20% windfall gain tax

ISLAMABAD: The government is considering proposals either seeking imposition of a windfall gain tax to take a pie out of the estimated Rs130 billion profit being earned by oil sector companies during war time or a mechanism to pay back to consumers after recovering the money from these entities. Prime Minister Shehbaz Sharif has constituted…

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Glasner seeks ‘perfect ending’ to Palace

LONDON: Crystal Palace manager Oliver Glasner wants to secure a “perfect ending” to his successful two-year reign with victory over Rayo Vallecano in the Europa Conference League final in Leipzig, Germany on Wednesday. The Austrian will be in the Palace dugout for the last time having overseen an era of unprecedented success at Selhurst Park…

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Suspect arrested in 15 Hours after killing sister, husband in Karachi honour killing

Confesses to involvement in sister and brother-in-law’s murder, names accomplices KARACHI: The Karachi police arrested a suspect on Tuesday after a newly married couple’s honour killing in Malir Saudabad. A statement from the Korangi police spokesperson said the primary suspect was arrested within the limits of Sachal Police Station, adding that the motorcyclist who accompanied him during the attack remained at…

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Oil storage licences, renewals under scrutiny

ISLAMABAD: The Federal Investigation Agency (FIA) has launched inquiries into the issuance and renewal of oil storage licences, misreporting and illegal price differential claims (PDCs). At present, the FIA Karachi Circle is investigating two scams. In a scandal, the role of director general oil of the Petroleum Division is being investigated. In the second case,…

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