Taxing foreign rental income
Investment in foreign properties by a specific section of society in Pakistan has been a pretty common phenomenon, especially in countries like the UAE, UK and so on. Naturally, the…
Foreign assets declared under amnesty immune from CVT
Capital Value Tax (CVT) was levied by the federal government in 1989 on transactions relating to acquisition of immovable properties. This tax, which was effectively a tax on immovable property,…
A domestic, not foreign, challenge
Is the situation in Afghanistan a foreign policy challenge or a domestic policy conundrum? At the heart of the conversation initiated by Ejaz Haider in ‘The Friday Times’ is really…
Courts for businesses
The World Bank’s Doing Business Report (2019) ranked Pakistan at 156 out of 190 economies on the ‘enforcing contracts’ indicator, based on the cost and quality of judicial processes, and…
Foreign inputs
Kishwar Naheed is one of the most respected Urdu poets in the subcontinent. She was the lone Pakistani poet to make it to the Jashn-i-Rekhta festival in New Delhi from…
White-collar crime in the eyes of US courts
The term white-collar crime represents a non-violent crime usually involving cheating or dishonesty in commercial matters and includes fraud, embezzlement and insider trading. It is a crime committed by a…
Clinton’s ‘Rust Belt’ tour courts white working class
Hillary Clinton took a bus tour across the US "rust belt" region this weekend in a quest to win over white, working class voters who tend to support populist Republican…
Recognition of foreign judgements and insolvency
Whether or not one should make a claim against the insolvent counterparty's estate one has to navigate a complex domestic legal landscape to determine the fact particularly where there are…
Citing foreign media to prove performance!
The political atmosphere in the country during the past week has manifested itself in the economy as a major fall in the stock exchanges. Reports indicate that the Karachi Stock…
French courtship of Gulf monarchies is risky: experts
Hungry for defence deals, France has cosied up to the Gulf monarchies, winning several billion-euro contracts in the process, but its strategy of backing one side in the region's Sunni-Shia…
