Catastrophe bond for Pakistan

KARACHI: The catastrophe unfolding in Nepal, where a glacial and bedrock collapse unleashed devastating floods through the Himalayas, is not remote news for Pakistan. At the time of writing, Nepal had reported more than 500 deaths and nearly 1,000 people missing. The same mountain system feeds Pakistan’s rivers, supports its hydropower and connects it with…

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post-mortem raises ‘more questions than answers’

Police surgeon cites 14 forensic gaps, suggests exhumation if concerns remain unresolved Mir Raza Ali, owner of the popular dessert shop Wafflix, whose body was found in Gulistan-e-Jauhar after he was allegedly kidnapped from PECHS. SCREENGRAB/ Youtube The Karachi police surgeon on Wednesday identified multiple serious deficiencies in the post-mortem report of waffle chain owner Mir…

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IMF urges Rs430b provincial tax hike

Provinces will contribute the additional tax revenue in accordance with their respective shares under the NFC Award The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS LAHORE: The IMF has urged Pakistan’s provinces to impose additional taxes to increase their own-source revenues during the…

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