Tag Archives: Tax

Currently Pakistan’s real estate serves as a big pillar in Pakistan economy. According to the World Bank estimate, real estate contributes 60 to 70% of the country’s total wealth and total amount $300 to $400 billion. Unfortunately, since 2017 Pakistan …

Interview with Mr Ashfaq Yousuf Tola – President, TOLA ASSOCIATES Pakistan & Gulf Economist had an exclusive conversation with Mr Ashfaq Yousuf Tola regarding taxation and economy. Excerpts of the conversation are as follows: Through FA 2020, the definition of value …

The country has competitive advantage in manufacturing or assembly of auto parts Govt should form separate bailout plan, cut taxes, utility bills and import duty for automobile industry growth Under the Covid-19 pandemic automotive industry will face a dip of …

When it comes to attracting foreign companies to artificially shift their profits from their native, high-tax countries, nowhere in the world is known to do so at such volume as Ireland. Tech giants Apple, Google, Facebook all take advantage of the …

The Federal Budget FY21 has an estimated outlay of Rs7,295 billion, 11% lower as compared to last year’s budgeted outlay of Rs8,238 billion. The budget has been slated as a relief budget by the government, where the attempt has been …

Interview with Agha Shahab Ahmed Khan – President, Karachi Chamber of Commerce & Industry PAGE: What are your views on the Federal Budget? Agha Shahab Ahmed Khan: The Federal Budget for FY21 is by name a ‘Tax Free Budget’ as no …

Interview with Syed Shariq Waqar, FCMA PAKISTAN & GULF ECONOMIST had an exclusive conversation with Syed Shariq Waqar vis-a-vis Tax Challenges in Pakistan. Following are the excerpts of the conversation. Taxation is always treated as a sword on economic growth …

With Boris Johnson hailing parliament’s vote towards Britain leaving the EU on January 31, there is a general consensus among the country’s leaders that there will be an intimate trading relationship with the US after Brexit. But whenever the question …

The decision by the Government of Pakistan (GoP) to restrict claimability of input sales tax from unregistered consumers through the Tax Laws (Second Amendment) Ordinance 2019 is expected to increase price of Urea by Rs40/Bag within the first month of …

Market posts foreign money movement of $67m in first 11 months of CY19 Total revenue of PSX for the FY2018-19 was recorded at Rs1.28 billion Interview with Muhammad Rafique Umer, — Acting Managing Director, Pakistan Stock Exchange PAKISTAN & GULF …

During a recent Question Time on the BBC, one of the audience members triggered somewhat of a debate around earnings in the UK. The gentleman in question accused Labour’s Richard Burgon and his party of lying over their plan to target the …

Profit of fertilizer manufacturers of Pakistan has declined by 31%YoY to Rs8.6 billion for 3Q2019, primarily due to 1) decrease in gross profit margins, 2) increase in administrative expense up by 33%YoY, and 3) spike in finance cost by 110%YoY. …