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PM approves withdrawal of 80 income tax exemptions Govt set to introduce Income Tax Amendment Bill in NA next week to meet IMF conditions ATL 2021 has replaced ATL 2020 that carried names of 3.12 million individuals and companies. A comparison of both lists showed that over 932,000 names were missing from the new list.. PHOTO: FILE ISLAMABAD: Prime Minister Imran Khan on Friday approved the introduction of Money Bill in the National Assembly next week to withdraw around 80 income tax exemptions and reform the tax laws to meet a prior action for the revival of $6 billion International Monetary Fund (IMF) programme. The IMF has asked Pakistan to withdraw income tax exemptions worth Rs140 billion through a new legislation but the exact quantum can only be determined once the government officially lays the bill in the National Assembly. ....
Daily Archives: December 26, 2020 December 26, 2020 Comments Off on JUI-F senior leaders’ expulsion for criticism on Fazlur Rehman worst form of dictatorship: Shibli Faraz 25 Views | Short URL Islamabad, December 26, 2020 (PPI-OT): Minister for Information and Broadcasting Shibli Faraz says expulsion of four senior leaders from the JUI-F for their due criticism of party Chief Maulana Fazlur Rehman is the worst form of dictatorship and fascis.Read More » December 26, 2020 Comments Off on Prime Minister Imran Khan to lay foundation of projects worth over Rs15 billion in Chakwal today 22 Views | Short URL Islamabad, December 26, 2020 (PPI-OT): Prime Minister Imran Khan will visit Chakwal today [Saturday] to lay foundation stone of various development projects worth over fifteen billion rupees. The Prime Minister will perform ground-breaking of 500-bed h.Read More » ....
PMLN Government ruined gas sector, wrongly declared LNG as petrol, which cost double: Babar Islamabad, December 26, 2020 (PPI-OT): Special Assistant to the Prime Minister on Petroleum, Nadeem Baber has rejected all negative and speculative reports appearing in sections of the media for the last one-and-a-half months regarding purchase and sale mechanism of Liquefied Natural Gas. In a series of video tweets, he said the previous government of Pakistan Muslim League-N has introduced the LNG in the country without constructing any storage facility and declared it as petrol, which cost almost double than the locally produced gas. The Special Assistant on Petroleum said in the given scenario, every LNG shipment has to be consumed within four to five days, in the absence of storage facilities for berthing of another cargo ship. ....
China appears to be backing away from its initial financial promises to Pakistan under Beijing-financed China-Pakistan Economic Corridor (CPEC), a US$60 billion infrastructure building plan, amid rising corruption and militant attacks on Chinese engineers. ....