Sale of goods in international law
Where parties to sale of goods are located in different countries, their mutual relationship will be determined by the contract of sale. Such contracts become subject to interpretation by different…
International sale of goods and passing of property
Where parties to sale of goods are located in different countries, their mutual relationship will be determined by the contract of sale. Such contracts become subject to interpretation by different…
International trade laws: Delay in clearance of goods and demurrage charges
International trade transactions relate to the importation or exportation of goods or services from one country to another. Both on importation and exportation these transactions confront many problems and at…
Taxation of immovable property
The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the Ordinance”] and for the first time levied capital gains tax (CGT) on…
FBR: dismal income tax collection
The continuously declining dismal share of income tax in overall tax collection during the last many years testifies to the lack of judicious balance between direct and indirect taxes, resulting…
Services’ & immovable property income taxation
The taxation of “services” mentioned in section 153(1)(b) of the Income Tax Ordinance, 2001 [“the Ordinance”] with effect from tax year 2020 is subjected to “minimum tax regime” in cases…
A new transport agenda to carry Asia and the Pacific towards sustainable development
Transport ministers from across Asia and the Pacific are meeting this week to consider a potentially transformational agenda for how people and goods are moved around the region and across…
Tax model for prosperity
There is hardly any doubt about the huge tax gap in Pakistan that is about 70% of the actual collection if not more. It is not only because of weaknesses…
Pathetic direct tax collection
The dismal share of income tax in overall collection of taxes during the last many decades testifies to the lack of judicious balance between direct and indirect taxes, resulting in…
Extending CPEC
NEVER in Pakistan’s history has a project been peddled to the people as a game changer the way that the China-Pakistan Economic Corridor has been. The government is enthusiastic about…
