The federal government has decided to conditionally allow goods exporters to import raw material, machinery and equipment without paying duties and taxes under the Export Facilitation Scheme. Exporters will have to obtain approval from the collectorate for the import of raw material, machinery and equipment. They will be able to import machinery and equipment worth up to 50% of the annual expor
World War II concluded with the end of a multipolar world. Under the umbrella of the United States, the West initiated the process of creating a unipolar world, but the emergence of the USSR did not allow the West to create a unipolar world. The West came up with another strategy and began constructing a global economic and financial system to dominate the post-World War II world. The West wanted
Leading business leaders have presented a couple of proposals to find solutions to the problems arising in the wake of a sudden implementation of the Axle Load Regime (ALR) of the National Highway Safety Ordinance (NHSO) 2000. The ALR, re-implemented on Nov 12, 2023, is hitting local trade, exports and imports. They said the authority concerned imposed the ALR and adopted a pitch that highways
In their latest survey, Gallup & Gilani Pakistan asked a nationally representative sample of adult men and women: “Compared to ten years ago, do you feel more financially prosperous, less prosperous, or indifferent?” Surprisingly, 35% of respondents reported feeling financially better off now compared to 10 years ago. In their responses, 14% of respondents felt ‘Very prosperous’, while 21% r
I A Mayburov (2007) defines the Tax System as ‘a system that is a principle-based integral unity of its main interconnected and interrelated elements. These elements are the regulatory legal basis of taxation, the set of taxes and fees, the payers of taxes and fees, and the mechanism of tax administration’. Considering these elements in relation to Pakistan’s tax system reveals the need for compre