Skip to main content

Posts

Showing posts from September 17, 2019

Tax exemption draft for Gwadar port, free zone prepared by ECC

By irshad ansari Sep.17,2019Copy of amendment bills will be presented in the parliament for approvalISLAMABAD: The Economic Coordination Committee of the Cabinet’s (ECC) sub-committee has prepared an initial draft of recommendations for implementation of amendments to laws regarding tax exemptions for the Gwadar port and free zone.The sub-committee was formed to find a way to provide legal cover to the tax exemptions after a meeting of the ECC held on August 28, 2019, decided to do so.Sources said a sub-committee meeting, chaired by Minister for Law and Justice Farogh Naseem, was held on Saturday.Secretary finance, secretary commerce, secretary planning, Cabinet Division special secretary, the Federal Board of Revenue chairman and Board of Investment chairman along with other top officials were in attendance.According to the documents available with The Express Tribune, the meeting examined the mechanism for amendments to laws aimed at providing exemptions from income tax, sales tax a…

Gwadar Port and Gwadar Free Zone: FBR accused of backing out from agreed incentives

MUSHTAQ GHUMMAN SEP 16TH, 2019ISLAMABADMinistry of Maritime Affairs (MoMA) has accused Federal Board of Revenue (FBR) of backing out from agreed incentives for Gwadar Port and Gwadar Free Zone, two key projects of China Pakistan Economic Corridor (CPEC), sources close to Minister for Maritime Affairs revealed. On September 5, 2019 Cabinet Division forwarded a letter of September 2, 2019 issued by the Federal Board of Revenue, Inland Policy Wing about necessary amendments/ exemption required for the Gwadar Port and Gwadar Free Zone, saying that some of the proposals are covered under the concession agreement and others are not. Accordingly, the SRO or notification does not appear to be an appropriate method.Ministry of Maritime Affairs (MoMA) argues that the UO (Un official) note is contrary to the spirit of the decision taken by ECC. It would be difficult to appreciate the consultative process adopted by MoMA in finalization of the summary for ECC until and unless the backdrop of init…

There have been human rights violations in Balochistan: Pakistani journalist

Mona Alam in an exclusive interview to India Today said that "Pakistan in its constitution gives full safety to minorities" but "there have been human rights violation under dictatorial regimes in Pakistan province of Balochistan".ADVERTISEMENTIndia Today Web DeskNew DelhiSeptember 18, 2019UPDATED: September 18, 2019 00:34 ISTANI file photo of Baloch Human Rights Council holding protest in front of the United Nations in Geneva, SwitzerlandHIGHLIGHTSSenior Pakistani journalist said that there have been human rights violation in BalochistanIn Balochistan and Sindh provinces of Pakistan, Right activists sought PM Modi's helpBaloch leader Mehran Marri called Pakistan Army "coward"Pakistani senior journalist Mona Alam said that there have been human rights violation under dictatorial regimes in the Pakistan province of Balochistan.However, Mona Alam in an exclusive interview to India Today said that "Pakistan in its constitution gives full safety to m…

CHINA WATCH : Weekly Briefing

Weekly Report 4|45 9.7.2019-9.13.2019
David Gitter, Julia Bowie, Brock Erdahl, Sandy Lu, Daniel ShatsHighlights
Xi Jinping presided over the tenth meeting of the Central Commission for Comprehensively Deepening Reform (see Comprehensively Deepening Reform section). 

Official propaganda continued to focus on trade tensions with the US, putting the onus on the US to create the necessary conditions for successful negotiations (see Propaganda Work section). 

Xi visited the newly-established Xiangshan Revolution Memorial Site in Beijing ahead of the 70th anniversary of the founding of the PRC.Senior Leaders
Xi Jinping and Li Keqiang Meet with Ho Iat Seng
Xinhua

9.11 Chinese Premier Li Keqiang met with Ho Iat Seng (贺一诚) in Zhongnanhai and officially appointed him the Chief Executive of the Macau Special Autonomous Region, following his electoral victory. 

Xi Jinping met with Ho afterwards in the Great Hall of the People in Beijing. He congratulated Ho and praised him for “upholding the Love th…