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Govt mulls options over UK judge's ruling in Reko Diq case - Newspaper

The Reko Diq project site. Photo courtesy Tethyan Copper Company Pakistan/File
ISLAMABAD: The federal government is weighing options how to deal with a recent London High Court judge’s rejection of Balochistan government’s defence before the International Chambers of Commerce (ICC) tribunal that it lacked jurisdiction to arbitrate a dispute in the Reko Diq mining venture in view of corruption allegations.
An informed source privy to the development told
Dawn that one of the options could be challenging the decision of the London High Court judge before the Court of Appeal in the United Kingdom. The International Disputes Unit (IDU) housed inside the Attorney General office in the Supreme Court building was reviewing the ruling and could reach a decision very soon, the source said, adding that a final approval about challenging the ruling was yet to taken. ....

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Rattling foreign investors - The Hindu

Rattling foreign investors - The Hindu
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Prabhash Ranjan , Narendra Modi , Pushkar Anand , Atmanirbhar Bharat Abhiyan , Cairn Energy , Commerce Ministry , Indian Space Research Organisation , Jindal Global Law School , Professor Of Law At Delhi University , Deutsche Telekom , International Chambers Of Commerce , Supreme Court , Air India , National Company Law Tribunal , Prime Minister Narendra Modi , United Progressive , Devas Multimedia , International Chambers , India Germany , Swiss Federal Tribunal , Assistant Professor , பிரபாஷ் ரஞ்சன் , நரேந்திர மோடி , புஷ்கர் ஆனந்த் , கெய்ன் ஆற்றல் , வர்த்தகம் அமைச்சகம் ,

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Govt to slash turnover tax from 1.5pc to 0.5pc

National
May 25, 2021
ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget.
On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting. ....

United States , Shaukat Tarin , Abdul Razak Dawood , Pakistan Business Council , Economic Advisory Council , American Business Council , International Chambers Of Commerce , Pakistan Chamber , Pak Us Business Council , Investment Chamber , Overseas International Chambers , Federal Minister , Finance Shaukat Tarin , General Sales Tax , Afghan Transit Trade , Through Finance Act , Finance Act , Sales Tax Act , Customs Act , Taxation Regime , Advance Tax , Green Leaf Threshing Process , Custom Act , Revenue Shaukat Tarin , Overseas Investment Chamber , Commerce Abdul Razak Dawood ,

Govt to slash down turnover tax from 1.5pc to 0.5pc

National
May 25, 2021
ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget.
On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting. All three chambers were unanimous in their demand that this turnover tax should be imposed on the basis of profits instead of turnover, but the governm ....

United States , Shaukat Tarin , Abdul Razak Dawood , Pakistan Business Council , Economic Advisory Council , American Business Council , International Chambers Of Commerce , Pakistan Chamber , Pak Us Business Council , Investment Chamber , Overseas International Chambers , Federal Minister , Finance Shaukat Tarin , General Sales Tax , Afghan Transit Trade , Through Finance Act , Finance Act , Sales Tax Act , Customs Act , Taxation Regime , Advance Tax , Green Leaf Threshing Process , Custom Act , Revenue Shaukat Tarin , Overseas Investment Chamber , Commerce Abdul Razak Dawood ,