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May 24, 2021
ISLAMABAD: In an alarming development, amid the growing water paucity, Tarbela dam level has plummeted to 1402 ft close to the dead level of 1400 feet, according to the daily water inflows and outflows data, and a Punjab government letter written to the Indus River System Authority (Irsa).
The stored water in the reservoir now stands at just 0.115 MAF, which can cater to water needs of the provinces only for two days.
Also, the situation in Mangla dam is also worrying, as water level in this reservoir stands at 1111.30 ft against its crest level of 1095ft. And if the water level touches the crest level of 1095, then the massive quantum of 38,000 cusecs per day water releases to provinces will not be possible because of spillways constraints of Mangla dam. And due to massive water withdrawals from Tarbela and Mangla by both Sindh and Punjab to meet their irrigational requirements, Tarbela is most likely to touch dead level after two days, and water level in
ASIC takes collapsed firm to court for remuneration breaches
ASIC takes collapsed firm to court for remuneration breaches
The corporate regulator has commenced civil proceedings against a collapsed financial services group for allegedly paying illegal bonuses to advisers around the purchase of property through SMSFs.
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In a statement, ASIC said it had initiated the legal action against liquidated group DOD Bookkeeping, formerly known as Equiti Financial Services (Equiti FS).
Equiti FS was part of the Equiti Group of companies that offered SMSF establishment and administration services, real estate and mortgage broking services.
“ASIC alleges that, between 26 October 2015 to 27 August 2018, Equiti FS paid three advisers bonuses totalling $164,750 upon settlement of property purchases those advisers recommended their clients make through either an existing SMSF or an SMSF to be established,” the regulator said.
As any accountant with SMSF clients knows, the laws around compliance are complex, and it can be easy for trustees to inadvertently breach the rules. That’s where the relationship between an accoun
BEIRUT: The Israeli army said it launched artillery towards Lebanon on Monday in response to rocket fire from the neighbouring country that failed to hit the Jewish state.Six failed launch attempts.