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Daily Times
“
A comprehensive strategy has been formulated to shift the gears and move to higher economic growth. I do not believe in an increase in taxes to increase revenue collection but those outside the tax net would be tapped. The chances for any harassment by FBR officials shall be eliminated for which change in audit procedures. 17 percent General Sales Tax rate is very high and a mechanism has been prepared for its reduction and the government was also working on a sales tax system for small businesses….” Finance Minister,
Shaukat Fayaz Ahmed Tarin, in his first testimony before the Standing Committee of the National Assembly on May 3, 2021.
A view of Mayo Hospital in Lahore. Photo courtesy Mayo Hospital website
LAHORE: A newly formed Board of Governors has taken over the administrative and financial control of Punjab’s largest state-run teaching institute, Mayo Hospital, after electing unopposed its first chairman as provided under the Punjab Medical Teaching Institutions (MTI) (Reforms)Act 2020.
The former vice chancellor of the University of Health Sciences and known paediatric surgeon, Prof Dr Mahmood Shaukat, was elected the chairman during the first meeting of the seven-member board held recently.
Under the MTI Act, the board will runall financial, administrative and other affairs of the 2,800-bed Mayo Hospital and the recently restored 150-year-old King Edward Medical College.
Daily Times
“
A comprehensive strategy has been formulated to shift the gear and move to higher economic growth. I do not believe in increase in taxes to increase revenue collection but those outside the tax net would be tapped. The chances for any harassment by FBR officials shall be eliminated for which change in audit procedures. 17 percent General Sales Tax rate is very high and a mechanism has been prepared for its reduction and the government was also working on a sales tax system for small businesses….” Finance Minister Shaukat Tarin in his first testimony before the Standing Committee of the National Assembly on May 3, 2021.
Daily Times
May 6, 2021
The June deadline for our review of Financial Action Task Force (FATF) of our remaining actions items is approaching and there are still many key areas that the authorities need to pay attention to come out of grey list we placed in June 2018. The general perception in Pakistan is that FATF’s action against us of keeping in the grey list is politically motivated under the influence of the United States of America (USA), India, France and some other members. The debate and discussion around this narrative is more emotional than based on objective evaluation of our persistent failure to meet all the action items agreed in June 2018. Now, with the new government of democrats in USA, there is hope in official quarters that in June 2021, we will be out of grey list.