PM approves withdrawal of 80 income tax exemptions
Govt set to introduce Income Tax Amendment Bill in NA next week to meet IMF conditions
ATL 2021 has replaced ATL 2020 that carried names of 3.12 million individuals and companies. A comparison of both lists showed that over 932,000 names were missing from the new list.. PHOTO: FILE
ISLAMABAD:
Prime Minister Imran Khan on Friday approved the introduction of Money Bill in the National Assembly next week to withdraw around 80 income tax exemptions and reform the tax laws to meet a prior action for the revival of $6 billion International Monetary Fund (IMF) programme.
The IMF has asked Pakistan to withdraw income tax exemptions worth Rs140 billion through a new legislation but the exact quantum can only be determined once the government officially lays the bill in the National Assembly.
March 5, 2021
As India and Pakistan recently decided to cease-fire along the contentious Line of Control, there are tell-tale signs of Pakistan feeling the heat under the Biden administration.
The out-of-the-blue decision to scale down hostilities at the de facto border with India indicates Islamabad can no longer afford to maintain its belligerent posture as the US could be tightening the noose around the country.
Here’s an analysis of three reasons why India will bask in glory under the Biden administration while Pakistan will feel left out.
1. US-India Partnership
The India-US partnership that has seen an upswing since the Trump presidency is likely to get a further boost with Joe Biden attaching utmost importance to Washington’s Indo-Pacific policy. For instance, the Indo-Pacific directorate will be the largest contingent in Biden’s National Security Council, comprising experts and analysts who are known for their tough stance on China.
Twin Blasts Target Train in Balochistan
Twin Blasts Target Train in Balochistan
At least six killed, 19 others wounded in attack claimed by Baloch Liberation Army.
Two explosions targeting military personnel on a passenger train killed at least six people and wounded 19 others in Balochistan province on Friday, officials said.
The attack, claimed by the separatist Baloch Liberation Army, came as the Rawalpindi-bound Jaffer Express was passing the town of Mach. “The explosions damaged two passenger carriages and killed six people besides wounding 19 others,” senior local Pakistan Railways official Imtiaz Ahmad told AFP, updating the earlier toll of three deaths.
He said the fresh toll came after railway officials finalized the list of dead and injured. A senior doctor at the local hospital, Noor Baloch, also confirmed it.
Pakistan should immediately constitute a high-profile CPEC Assessment Commission consisting of renowned legal and technical experts
The war on terror in Afghanistan resulted in human, financial and material losses for both Afghanistan and Pakistan. Pakistan lost billions of dollars in war and security-related expenses and witnessed damage to infrastructure; thousands of its people lost their lives. Unfortunately, the US did not fulfill its post-war obligations and left behind broken communities, economy and infrastructure. The development and economic voids are now being filled by the People’s Republic of China in the form of the China-Pakistan Economic Corridor (CPEC) project under its Belt and Road Initiative (BRI) and the 21
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