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Showing posts from June 19, 2020

20-year exemption on income tax in Gwadar, FBR tells Senate body

Committee okays omission of advance tax on education-related expenses, 100pc FED on imported cigarettes and 25pc FED on caffeinated drinks By   Ghulam Abbas  - June 19, 2020 https://profit.pakistantoday.com.pk/2020/06/19/20-year-exemption-on-income-tax-in-gwadar-fbr-tells-senate-body/ ISLAMABAD:  As members of the Senate’s Standing Committee on Finance had expressed resentment over the lack of the information shared with them regarding tax exemptions in Gwadar during an earlier meeting, the Federal Board of Revenue (FBR) on Friday informed that the exemption of income tax in Gwadar was for 20 years. The senators on Wednesday had expressed displeasure after Maritime Affairs Secretary Rizwan Ahmed refused to share copies of contracts pertaining to Gwadar Port, terming them “confidential”. They had also outrightly rejected Gwadar Port’s “40 years tax exemption on specific names of companies, their contractors and sub-contractors”. The committee had sought a list of contractors and sub-con

Seeking atonement in Balochistan

Opinion Syed Khawar Mehdi June 20, 2020 In defining the political cartography subsequent to the tumultuous partition from British India the province of Balochistan has for varied reasons emerged as a recurring challenge to the State,... Share Next Story >>> In defining the political cartography subsequent to the tumultuous partition from British India the province of Balochistan has for varied reasons emerged as a recurring challenge to the State, albeit with successively deeper resonance and ramifications than acknowledged; notwithstanding the most illiberal deontological amendments enforced or adjudicated by those at the helm of affairs without giving much credence to the people, their sociopolitical landscape or lore. At Partition Balochistan was a time-trapped society; the rest of the areas that constituted Pakistan were far ahead in political, social and economic evolution. In essence a visible and tangible chasm has been there since Pakistan’s inception, which for inexcu

Beyond violence

Amir Hussain June 19, 2020 Our conventional perspectives about Balochistan make it a barren land with rampant poverty, violence, insurgency and centrifugal drift. But in reality there is another Balochistan too which finds... https://www.thenews.com.pk/print/674450-beyond-violence Our conventional perspectives about Balochistan make it a barren land with rampant poverty, violence, insurgency and centrifugal drift. But in reality there is another Balochistan too which finds little mention in our oft-repeated stories about this province. Beyond those stories of violence, lawlessness and civil unrest, Balochistan is home to peaceful, generous, hospitable people. There is enormous potential in Balochistan, not only in terms of its natural resources but also because of the resilience of its people who have lived through odds for decades without losing hope of the better world that they aptly deserve. The people of Balochistan have been striving to navigate through political, developmental a

0.4m lose jobs in Balochistan as poverty rises to 68%

By  mohammad zafar  Jun.19,2020 8,794 people have been affected by the coronavirus QUETTA:  Talking about the impact of coronavirus on the provincial economy during the lockdown, Balochistan government spokesperson Liaquat Shahwani on Thursday said that the poverty rate in the province has increased from 40 to 68 per cent whereas 400,000 workers also lost their jobs. While speaking to the media in Quetta, he said the number of corona cases in Balochistan is steadily increasing. “The average number of corona cases per week is 1,600 to 1,700. At present, more than 1,200 corona tests are being conducted daily in five laboratories across the province,” Shahwani said. “All the tests are being done at the official level. The imported cases are 2% and the local transmission rate is 98%. People from all walks of life have been affected by corona. So far, 287 doctors have been infected with corona and five have been martyred. Two hundred government officials, 111 police officers and officials,

CPEC second phase all set to commence, Gen (r) Bajwa announces

  –CPEC Authority chief says railway structure from Peshawar to Karachi to be completely revamped –Says Pakistan looking to ease burden of loans during second phase of project –Pakistan wants Chinese entrepreneurs to partner with Pakistani businessmen to enhance FDI ISLAMABAD:  China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt General (r) Asim Saleem Bajwa on Thursday announced that the second phase of the mega project is ready to commence with “full deliberation and conscience transparency” as per the vision and direction of Prime Minister Imran Khan. Addressing a signing ceremony between the CPEC Authority and Chinese companies in Taxila, Bajwa said that there will be complete revamping of the railway structure during the second phase of the project. “A new fully fenced railway track from Peshawar to Karachi of over 1,800 kilometres [would be laid], a dry port at Havelian and a new transmission system would also be built,” he said, adding that all railway crossings will b

Govt vows greater transparency in second phase of CPEC

THE NEWSPAPER'S STAFF REPORTER ISLAMABAD: The government on Thursday vowed greater transparency and lesser reliance on loans during the second phase of China-Pakistan Economic Corridor (CPEC). CPEC Authority Chairman and Special Assistant to Prime Minister on Information retired Lt Gen Asim Bajwa said the Phase-II of CPEC would be started after “full preparation and in an institutional manner”, while ensuring “full transparency”. He was speaking at the signing ceremony of business cooperation agreements between leading Chinese entrepreneurs and Heavy Mechanical Complex (HMC) in Taxila for revamping of the facility. Pakistan and China had agreed in April on the launching of the second phase of CPEC during Prime Minister Imran Khan’s visit to Beijing for attending a meeting of Belt and Road Forum. The second phase was then envisioned to focus on development of Special Economic Zones, agriculture sector and socio-economic development. The multi-billion-dollar joint Pak-China undertaki