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Govt frees AWT from income tax


Govt frees AWT from income tax
Tarin says trust was inserted through separate amendment, was okayed by house
The Senate Standing Committee on Finance had recommended exempting the income of the AWT on a proposal moved by PTI’s Senator Faisal Saleem. PHOTO: FILE
ISLAMABAD:
The government has exempted income of the Army Welfare Trust by separately moving an amendment just before the approval of the finance bill by the national assembly on Tuesday.
The Army Welfare Trust was not part of the amended finance bill that the government had tabled in the national assembly and also circulated among the treasury and the opposition members, showed a copy of the amended finance bill and confirmed by the national assembly members. ....

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Pakistan and Azerbaijan ties to grow in times to come: envoy


Daily Times
June 15, 2021
Ambassador of Azerbaijan Ali Alizada has said that he is thankful to Pakistan and its people who have always stood by Azerbaijan over the conflict with Armenia, especially during the Patriotic War of Azerbaijan.
He expressed these views during a lunch hosted by Secretary General United Business Group (UBG) Zafar Bakhtwari to bid farewell to Ambassador Alizada who is leaving Pakistan after completing his five-year term. Senator Fauzia Arshad, Senator Faisal Saleem Rehman and Senator Shafiq from Balochistan also attended the reception. Ambassador of Turkey Ihsan Mustafa Yurdakul was also present.
Ambassador Alizada further said Azerbaijan has also supported Pakistan in all matters, including the Kashmir issue and “I am sure this mutual support to each other will be continued and further strengthened.” “From the first day of the restoration of independence of,” he added. ....

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Nawaz Sharif's property goes under the hammer in Sheikhupura


Daily Times
May 21, 2021
Former prime minister Nawaz Sharif’s seized agricultural land in Sheikhupura district went under the hammer on Thursday, a private TV channel reported.
As many as 88.4 kanals of agricultural land in Ferozwattoan was put up for auction after an accountability court allowed an application filed by the National Accountability Bureau (NAB), seeking directives for the authorities concerned to auction the attached properties of PML-N supremo Nawaz Sharif.
A trader, Mohammad Bota, made the highest bid of Rs10.1 million per acre for the land.
Bidding at the Sheikhupura municipal corporation opened at Rs70 million per acre. “Three people took part in the auction,” Additional Deputy Commissioner Faisal Saleem said. “The highest bid was Rs 10.1 million per acre,” he said. The total amount of about Rs 115 million will be deposited in the national exchequer after the approval of the accountability court. ....

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