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Change Has Finally Come To Pakistan

Change has finally come to Pakistan

In the run-up to what is now being viewed as Pakistan’s truly historic election, an old Pakistani reader of mine based in Saudi Arabia wrote in, twice, to ask: “Not…

Hopes And Promises

Hopes and promises

Elections have taken place and - except for a few incidents of violence - they have been mainly peaceful. People were very keen and determined to vote. The last time…

Tax Evasion In Pakistan: A Critical Analysis

Tax evasion in Pakistan: A critical analysis

The economic problems of Pakistan are multifarious. The country has the lowest tax-to-GDP ratio in the world and a taxation system that is characterized as unjust and discriminatory. The macroeconomic…

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…

Old & Disabled Ignored

Old & disabled ignored

General elections in Pakistan are round the corner. Politicians and political parties are crying themselves hoarse promising change, an improved economic situation for the people, freedom from debt and slavery…

Sales Tax On Services Exported

Sales tax on services exported

Service is an activity which provides satisfaction to a person or entity in which role of goods transfer is incidental. In many of the services, separation of goods from the…

Trading Profit

Trading profit

If everybody produced the same things, trade would be limited to raw materials. While the smirking laymen is indulged, economic pundits can hardly challenge the afore-stated assertion as baseless. In…

Real Profit

Real profit

Having concluded in earlier articles that money is an illusion and that inflation is a silent cancer for wealth, this particular part in the series on profit is in a…