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Sales Tax On Services – II

Sales tax on services – II

Vide Section 4 of PSTSA, the Punjab Assembly legislated a unique concept of 'Principle of Origin' of service. This principle implies that if a registered person is providing taxable services…

Uncertain Times

Uncertain times

Khan Abdul Ghaffar Khan had once remarked that Pakhtun women were more intelligent than their husbands. He had of course meant no offence to the men but only expected them…

Towards TARP-II?

Towards TARP-II?

In the beginning it was tax evasion, and then became rampant corruption and eventually mafias took over, making the FBR irrelevant in most of the sectors-Ali Arshad Hakeem, Chairman FBR.…

Hafeez Caretaker PM?

Hafeez caretaker PM?

Dr Hafeez Sheikh's resignation as the Federal Minister for Finance has generated considerable speculation as to its reason. What fuelled these speculations was the fact that the Presidency issued a…

Lessons From Cyprus

Lessons from Cyprus

A few years down memory lane, who would’ve thought that Cyprus – the Russian tax haven and the hub of a massive banking bubble – would bear such a mammoth…

IP Pipeline: The Energy Corridor

IP pipeline: the energy corridor

Amidst heightened frenzy of elections approaching in Pakistan, the President of Pakistan announced the commencement of Iran-Pakistan gas pipeline (IP)on March 11, 2013.The purpose of this project was to import…

Viewpoint: Old Thinking, New Realities

Viewpoint: Old Thinking, New Realities

Conspiracy hatchers and theorists have always abounded in the murky politics of this country: politicians conspiring with the establishment for the overthrow of their rivals, with foreign powers to keep…

Politics And The Pipeline

Politics and the pipeline

The ground-breaking ceremony for the Pakistan section of the Iran-Pakistan gas pipeline last Monday was an event of high symbolic importance. It was designed to seal Pakistan’s commitment to finally…

The Cup And The Lip

The cup and the lip

Amidst heightened frenzy of elections approaching in Pakistan, presidents of both the Islamic Republics of Iran and Pakistan jointly laid down the foundation stone of the Iran-Pakistan gas pipeline (IP)…