British Prime Minister Boris Johnson is preparing to impose new restrictions on low-skilled immigrants who move to Britain after the end of the transition period from the European Union separation in December. By canceling the temporary extension of the...
According to independent analyses by NASA and the National Oceanic and Atmospheric Administration (NOAA), Earth's global surface temperatures in 2019 were the second warmest since modern record keeping began in 1880.
Globally, 2019 temperatures were second only to those of...
US President Donald Trump said that the missile strikes launched by Iran Tuesday did not result in casualties among the American or Iraqi forces thanks to the arrangements we made in advance and thanks to early warning, stressing that...
Perhaps the first thing that comes to mind is a question about why Tehran chose the American base of Al Asad specifically to respond to the killing of its leader Qassem Soleimani, the leading Iranian Revolutionary Guards, and did...
In a historic vote, most House of Representatives voted to initiate impeachment vote against American President Donald Trump. With 230 to 197 votes, the chamber voted for Trump to answer for abuse of power in the Senate. The second...
By Ashfaq Tola
Amendments in Income Tax Ordinance, 2001
1. RULES FOR PERSONS NOT APPEARING IN ACTIVE TAXPAYER LIST – TENTH SCHEDULE
The bill proposes to abolish the concepts of “Filer” and “Non filer” and has instead introduced rules in form of...
Deatails of income tax measures in the budget FY 2019-20;
Relief Measures
Payment of refunds through promissory notes
Huge amounts claimed by taxpayers are stuck up in refunds causing a liquidity crunch for businesses. These refunds have accumulated over a long time....
The PTI government has decided several reforms in the Federal Board of Revenue (FBR) to increase ease of business. With a view to facilitate taxpayer, FBR and State Bank of Pakistan (SBP) will prepare online tax collection system.
Finance Minister...
With the influx of funds from Saudi Arabia and United Arab Emirates (UAE), the rumours regarding further devaluation of rupee have died, as the investors are shifting the focus from hoarding US dollar.
Besides, the strict measures taken by the...
United Bank Limited has surrendered its New York branch license to the NY state department (NYDFS) on January 28, in accordance with Section 605.11 (c) of the liquidation of NY branch.
The management in a letter to Pakistan Stock Exchange...
American trade policy since taking office by Donald Trump aligned as president in January 2017 confrontation. His intention was to conclude new "deals" with...
Corona virus in China can also be transmitted from person to person. In addition, infections among medical personnel have been confirmed, a team from...
UNWTO report said that the international tourism rates fell four percent last year, the slowest growth since 2016, according to the World Tourism Organization.
The...
Malaysia has shipped 150 containers of plastic waste estimated at 3,737 tonnes, to its exporting country since the third quarter last year.
Minister of Energy,...
