Kashmir the only dispute with India, says Imran
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February 25, 2021
COLOMBO: Prime Minister Imran Khan on Wednesday said “our only difference” with India is the Kashmir issue, which should be resolved as per the UN resolutions, as he spoke to the Sri Lankan business community on the second day of his tour to the island nation.
Addressing the first Pakistan-Sri Lanka Trade and Investment Conference here, the Prime Minister said the way forward for the Sub-continent is to resolve differences and improve trade relationship and “differences can only be resolved through dialogue”, according to Radio Pakistan.
In an effort to maintain good relations with neighbouring states, Khan recalled his offer to Indian Prime Minister Narendra Modi for a dialogue to resolve all outstanding issues, including the Kashmir dispute. To encourage trade ties with neighbours, he said, “maintaining amiable relations and living like civilised nations must be a priority”.
Govt forms body to finalise tax
Proposal seeks tax cut on EPC supply contract for Kohala, Azad Pattan projects
Both the companies had raised the issue that at the time of announcement of the Policy for Power Generation Projects 2002, there was no tax on payments made to an offshore supply contractor. PHOTO: FILE
ISLAMABAD:
The government has formed a committee to finalise a proposal for reducing tax on offshore engineering, procurement and construction (EPC) supply contracts relating to 1,124-megawatt Kohala and 700MW Azad Pattan Hydropower Projects.
At present, there is 2.1% withholding tax that has exposed companies to an additional tax and cost, according to a brief on the tax levy on offshore supply contracts prior to the Finance Act 2018 and changes in the tax regime enacted through the Finance Act 2018.
FM urges further strengthening multifaceted cooperation between the two countries
Foreign Minister Shah Mahmood Qureshi. PHOTO: FILE
COLOMBO:
In a meeting with his Sri Lankan counterpart, Foreign Minister Shah Mahmood Qureshi underscored the importance Pakistan attached to its relations with Sri Lanka on Wednesday.
The foreign minister also discussed further strengthening the multifaceted cooperation between the two countries, a statement issued by the foreign office maintained.
Speaking to the Sri Lankan Foreign Minister Dinesh Gunawardena in a bilateral meeting in Colombo, Qureshi stressed that Prime Minister Imran Khan’s present visit was reflective of the priority accorded to this relationship.
New Delhi, February 24
Pakistan has sought to replicate India’s offer for security and development cooperation with Sri Lanka during its PM Imran Khan’s two-day visit to Colombo.
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