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Punishing non-filers!

Collection of tax where it is NOT due is as detestable as its non-collection where it is due - Justice Nasim Sikander re CIT Companies, Lahore v State Cement of…

French Strike

French strike

Labor and capital are at loggerheads in France. As the open-ended strike launched on December 5 against a neoliberal overhaul of the pension system continues to expand, the Macron regime…

The real RLNG controversy

Electricity is a unique commodity which cannot be stored, at an economical cost, and must be consumed as it is generated. It is important to recognise that in the short…

The menace of gas theft

Natural gas is the biggest source of primary energy with a share of 48% in Pakistan's energy mix. Pakistan can also boast of possessing one of the largest pipeline networks…

Tax Reforms And Real Estate

Tax reforms and real estate

In its efforts to modernise the tax system, the Federal Board of Revenue (FBR) has introduced various reforms in tax policy and administration over the last three years. Some of…

Taxing Immovable Property

Taxing immovable property

Post-18th amendment, who has the right under the Constitution to levy income tax on gain of immovable property? The federal government, through Finance Act 2012, amended section 37(5) of the…

For Our Elites Only!

For our elites only!

Cities in Pakistan planned for rich housing-Dr Nadeem Ul Haque & Ali Salman The mere thought of a sudden central government intervention in a market phenomenon is fearsome. It may…

Real Estate: Boom Or Bust?

Real estate: boom or bust?

The recently introduced measures in budget 2016-17 relating to the real estate sector have dampened the enthusiasm of investors and punters alike, and transactions have thinned out significantly in the…