Reading Time: < 1 minute IMF rejected the proposed tax scheme for builders and developers. Chairman FBR MR. Shabbar Zaidi announced it two months ago that they are drafting a special scheme for the industry to help it under the given economic conditions and to recirculate the money, stuck in the industry. The federal government drafted the presidential ordinance. But … Read more IMF Rejects The Tax Scheme For Builders And Developers
Reading Time: < 1 minute The top officials of FBR are opposing tax reforms, and they have no genuine reason for that. Prime Minister Khan approved the reforms plan in October, which will set a base for the restructuring of FBR. A new authority Pakistan Revenue Authority (PRA) will come into effect by June 2020. The significant change in the … Read more Tax Reforms: Why FBR Officials Are Opposing It?
Reading Time: 2 minutes Are we moving towards economic stability? Well, the signs of improvement are showing up amid high inflation and unemployment rates. But we will cover it with a different angle today. So let’s start. Positive Signs Stable Exchange Rate Pak Rupee devalued considerably earlier this year. From Rs.120 for a dollar, it plunged to Rs.160 in … Read more Economic Stability: Are We Moving Towards It?
Reading Time: 3 minutes What did I expect from Prime Minister Imran Khan for political stability and economic growth? I will describe briefly. Bear with me. A background of khan’s potential, the legend who won the cricket world cup for Pakistan. He then bent on to build Pakistan’s first cancer hospital. As said, in the conference of 19 doctors, … Read more Economic Growth: What I Expected From PM Khan
Reading Time: 3 minutes If you ask, is there a legal way to launder money out of Pakistan? I will say yes, That will be under the umbrella of the economic reforms act of 1992. Chairman FBR, Mr. Shabbar Zaidi, recently admitted the state’s inability to retrieve the money laundered out of Pakistan, the first official admission regarding the … Read more Economic Reforms Act: A Legal Way Of Money Laundering
Reading Time: 2 minutes FBR issued a general order to clarify the CNIC condition, but in fact, it created more confusion. The condition of CNIC was introduced in the finance act 2019, which requires the registered sellers to take CNIC of their buyers and then print it on the invoices. And, for a fake id, the seller is exempted … Read more CNIC Condition And The Struggling Economy
Reading Time: 2 minutes Prime Minister Imran Khan highlighted the western role in money laundering in his address at United Nation’s general assembly. The speech was well-crafted regarding the issue of Kashmir, Islamophobia, and the respect of Prophet Muhammad (SAW). However, people undervalued part of his address in which he questioned the negligence of the western world in the … Read more Western Role In Money Laundering: Khan’s UN Address
Reading Time: 3 minutes The government rescinded the GIDC Ordinance 2019 after public outrage. It was introduced as an attempt to recover GIDC tax dues from textile, CNG, fertilizer, and power sector companies. The unpaid tax stood at Rs 416 billion by December 2018. Well, the point is not just an ordinance and its withdrawal, instead, it’s a case … Read more GIDC Ordinance: A Case Study Of Our Defective System
Reading Time: 6 minutes The national debt increase in the last 10 years is cataclysmic. Recently, PM khan set up a commission to evaluate the causes of debt growth. According to Khan, the national debt of Pakistan reached Rs 28,000 billion, and he wants to determine how come it grew too quickly. The figure is a year old now. … Read more The Debt Increase In Last 10 Years [5 Reasons]