LAHORE: Criticising the previous government for its alleged negligence in implementing the National Action Plan (NAP), Prime Minister Shehbaz Sharif on Sunday vowed to restore the role of provinces in the plan. Chairing a meeting on law and order here, the prime minister lamented that the role of the provinces …
Read More »FOR the last many decades, we learn, Pakistan has continued to face the same issues —current account deficit, barely sufficient foreign reserves, falling value of the currency, and so forth. Persons in the finance/banking and economics sectors are sought, preferably with long experience at the IMF or World Bank, to …
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• 10pc ‘super tax’ on 13 large industries to generate Rs465bn • High net worth individuals subject to ‘poverty alleviation tax’ • Rs50 per litre levy on petroleum products • Tax exemption limit revised from Rs1.2m to Rs600,000 ISLAMABAD: The coalition government announced new tax measures on Friday, including a 10 …
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KARACHI: Just two days before the first phase of local government elections in four divisions of Sindh, the key contesting parties on Thursday came up with serious concerns, accusing the ruling Pakistan Peoples Party of pre-poll rigging, and also demanded deployment of army fearing violence on the polling day (June …
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THE role of the judiciary has once again taken centre stage. For an apolitical institution that is built upon the tenets of independence, due process and equality, it is concerning how often its most senior members become arbiters of political events. Unlike most other countries, personalities in the superior judiciary …
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Finance Minister Miftah Ismail said on Thursday that there was nothing wrong with taxing the affluent because they were “able to pay” as he talked about the government imposing additional taxes on industries and wealthy citizens. “In Pakistan, it is the poor who have always suffered the burden of taxes,” …
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ISLAMABAD: The Ministry of Economic Affairs said on Thursday that 43 per cent of about $35 billion worth of foreign-funded projects were problematic — either not progressing well or unable to deliver the desired outcomes. At a review meeting of the National Coordination Committee on foreign-funded projects, the ministry reported …
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AS if the country’s economic problems were not stressful enough, we now have to worry about resurgent Covid-19. According to the National Command and Operation Centre, new cases have risen to the highest in 80 days, with Karachi and Hyderabad now reporting positivity rates of above 10pc — a level which, in …
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SHEHBAZ Sharif’s government is inching close to default. Hindsight is 20/20 but what was the point of the no-confidence vote, many are asking, if there was no economic plan? Why jump on to the Titanic when it was already sinking? Why bear the political fallout of IMF-mandated measures when those …
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ISLAMABAD: Amid a resurgence of coronavirus cases in the country, the federal cabinet on Tuesday reduced the price of Remdesivir, an antiviral drug administered to Covid-19 patients. The price of 100mg IV injection has been reduced from Rs2,300 to Rs1,892, said Federal Minister Abdul Qadir Patel. “It will help the …
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