News

Finance: No more missteps, please

Setting priorities right is important for both individuals and nations to pursue their goals. The state defines how and when individuals’ priorities clash with national priorities, and the state machinery prevents the eruption of such clashes and checks them when they erupt. Keeping this in mind, it is important for Pakistan’s policymakers to set economic goals that not only conform to the chan

Digital inclusion for economic transformation

The recent agreement on the financial package from the International Monetary Fund brings a sigh of relief for Pakistan’s economy. However, it is vital that we view this as an opportunity to strive for self-reliance and long-term stability. To achieve economic transformation, digital inclusion must become a top priority. With over 53 per cent broadband penetration, Pakistan currently has 127 mi

People increasingly turning to courts for climate rights

As the impacts of climate change are getting more intense, people are increasingly turning to courts to combat the crisis, according to a new report. The “Global Climate Litigation Report, 2023 Status Review”, published by the United Nations Environment Programme (UNEP), said 2,180 climate-related cases have been filed in a year — reflecting a steady increase from 884 cases in 2017 and from 1,5

Auto parts replaced under warranty not taxable

The Lahore High Court has ruled that the auto parts replaced under the warranty given by the manufacturers are not taxable as the cost of the replacements is incorporated in the original price of the vehicle that already includes the sales tax. A two-judge bench headed by Justice Shams Mahmood Mirza reached this conclusion, allowing a sales tax reference by M/s Honda Atlas Cars (Pakistan) Ltd a

Punjab govt bid to control sugar price

LAHORE: In a bid to control the rising prices of sugar, the Punjab government promulgated an order late on Friday evening, authorising the cane commissioner and deputy commissioners to regulate trade of the commodity, from fixing the rate to storage, transport and distribution of the sweetener. The Punjab Foodstuffs (Sugar) Order, 2023 issued under Section 3 of the Punjab Foodstuffs (Control) A