PMDC still unable to rationalise fees of medical colleges
While Pakistan Medical and Dental Council (PMDC) has failed to rationalise fees of private medical and dental colleges, a committee formed by it will again discuss the matter this week.…
Money talks in politics
Money talks in politics and political processes globally, which necessitates regulations to ensure democratic values associated with accountability and transparency are not undermined - values that many a Pakistani political…
PMDC asks medical colleges to justify ‘abrupt’ fee hike
While medical colleges have increased annual fees up to Rs 800,000 for the new session starting from 12th, the Pakistan Medical and Dental Council (PMDC) has sought justification from the…
Estimation of the quarterly GDP
Pakistan has committed to the IMF in the Memorandum of Economic and Financial Policies, as part of the Stand-by Facility, that by end of November 2023, the Pakistan Bureau of…
Loss-making SOEs must be privatized
The SOEs are required to be privatised. This compulsion is driven by no other reason than that going forward, no money will be available to continue financing their losses that…
PFM Act: a missed opportunity
In a recurring tale of mismanagement, governments at various tiers in Pakistan have frittered away trillions of rupees on fruitless endeavours, leaving the populace bereft of desired socio-economic outcomes.…
Law and the super tax: Part – II
The second point in the judgment authored by the Honourable Justice Sardar Ejaz Ishaq Khan in the case titled ‘M/s Fauji Fertilizer Company Limited & another v Federation of Pakistan…
Super tax and tax on bonus: misinterpretation of basic accounting–II
Now, if the rationale, intention and equitability have to prevail, the following will be the answer: the tax super tax levied by the Finance Act, 2022 will be applicable for…
About China risks, sources say
Japan’s financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge…
Tax on undistributed reserves
This is not the first time that there is a proposal to tax undistributed reserves of a company. Such imposition has been attempted at least twice before under sections 12(9A)…
