In Pakistan, politicians treated their constituencies as the fiefdoms, selecting their wives, sons, daughters or grandchildren as successors. The politicians have a tendency to treat their constituencies as their personal belongings, raising questions about the democracy within their party ranks and a barefaced display of nepotism, while making mockery of the democratic system.
(more…)Category: OPINIONS
-
How is intelligence transforming telecom? Five benefits that reveal the full value of AI
Artificial intelligence (AI) is beyond disruptive. Arguably the second biggest leap in the technological revolution since the widespread adoption of computers, it is already transforming industries worldwide – and even creating new ones.
(more…) -
Pakistan Takes Significant Step Towards Implementing Riba-Free Banking System
State Bank of Pakistan works towards Sharia-compliant financial system
Karachi, June 19, 2023: In a significant move that aligns with Islamic teachings, Pakistan is on the verge of implementing a Riba-free banking system in the country.
(more…) -
Active Taxpayers List in Pakistan: Unlocking Benefits for Taxpayers and the Economy
In a significant move to promote tax compliance and strengthen the country’s revenue base, Pakistan has implemented an Active Taxpayers List (ATL) system.
(more…) -
Negotiating Old Car Prices in Pakistan
In the bustling automobile market of Pakistan, negotiating the prices of used cars has become a skill that both buyers and sellers strive to master. With a plethora of factors contributing to the valuation of pre-owned vehicles, the task of determining the right price often resembles a complex puzzle.
(more…) -
Pakistan’s Population: Ensuring A Brighter Future For All
Pakistan’s population experts and leading government officials are set to gather in Islamabad this week on the 24th and 25th of May, for a learning event organized by Palladium Pakistan under DAFPAK-PSSD in collaboration with UNFPA, PSI, MSS, DKT International, and M&C Saatchi and in partnership with MoNHSR&C Islamabad, and provincial Health and Population Welfare Departments of Punjab, Sindh, and KP.
(more…) -
Tax Laws Allow Arrest Taxpayers in Pakistan for Default
Tax laws in Pakistan have allowed authorities to arrest defaulting taxpayers. This power has is granted under the Income Tax Ordinance, of 2001.
(more…) -
Understanding the Basics of Income from Property under Pakistan Tax Laws
Income tax is an important source of revenue for any country, and Pakistan is no exception. The Income Tax Ordinance, 2001, is the main legislation governing the taxation of income in Pakistan.
(more…) -
Tax Treatment of Foreign Source Income for Residents in Pakistan
Pakistan is a country that attracts a significant amount of foreign investment and remittance flows. As a result, there are many residents in Pakistan who have foreign-source income.
(more…) -
Understanding Currency Conversion for Tax Purposes in Pakistan
When it comes to tax assessment in Pakistan, it’s important to understand the rules around currency conversion.
(more…)