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Because of a very narrow base for direct taxes (deductions at source and related collections), the State relies heavily on indirect taxes to fund its expenses which have been growing
Continue readingIMF Conducts 2nd Performance Review of $6Bn Loan Program for Pakistan
KARACHI — A 3-member bench of the Supreme Court on Thursday directed the attorney general of the federation to attend the next hearing and sought the record of a land
Continue readingKarachi Eyesore: Top Court Seeks Records of Hyatt Regency Structure
The 3-member bench of judges reminded all that since the Supreme Court had been issuing directives, stay orders had no impact. KARACHI — The Supreme Court on Thursday A) directed
DESPARDES — Several voices of reason in the wider South Asia and Middle East region have been raising alarm at the developing situation in India on PM Modi’s watch amid
Continue readingINSIGHT: America is Making a Bad Bet on India
China’s commitment to buy an additional US$52.4 billion in U.S. energy products in 2020/21 9 (on top of the 2017 energy import levels) as part of the Phase 1 trade
Continue readingOil Price Forecast Lowered Amid Coronavirus Outbreak
Who donates to charitable organizations and why? Donors’ donations to these organizations are tax deductible and lowers the ceiling on tax and on “adjusted taxable income” in annual tax returns.
Continue readingHindutva Groups in US: Report Shows How They Operate, Send Money to India
The Arab world, led by the predecessors of today’s Saudi Arabia, willingly relinquished sovereignty over Palestine to a superpower a century ago. Nothing has changed SERAJ ASSI — The Arab
Continue readingOPINION: How the Arabs Have Betrayed Palestine – Again
The sacked officials of FBR — 7 in number — were part of the Torkham and Chaman Customs operations DESPARDES — Prime Minister Imran Khan on Sunday ordered sweeping action
Continue readingPTI Govt Swoops Down on Customs Officials; 7 Sacked for Alleged Wheat Smuggling
Tourists and Wide Angle Both Need a Huge Space and View to See Things. Here They Are in Pakistan… Have something to add to the story? Share it in the
DESPARDES — President of Turkey Recep Tayyip Erdogan is expected to travel to Islamabad next month with a high-powered delegation comprising senior officials as well as businessmen. PM Khan and
Continue readingFebruary Lookup: Turkey’s Erdogan to Visit Islamabad, PM Khan to Visit Malaysia
DESPARDES — ‘India Situation’ now appears to be adding another chapter — the story of an economy in distress, a banking system in pain and consumers too worried about job
Continue readingThe Crisis That Shattered India’s Economic Dreams: Bloomberg
Bangladesh has invited PM Khan to D8 Summit which it is hosting in capital Dhaka in the third week of April. The developing-8 nations group includes: Pakistan, Turkey, Malaysia, Iran,
Continue readingBangladesh Textile Export Success Attracting Pakistani Firms