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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…

Energy Prospects For Pakistan

Energy prospects for Pakistan

Access to reliable, affordable and uninterrupted electric power and other forms of energy is the key to economic growth and welfare of any society. Studies by International Energy Agency and…

PPP’s Strategy To Retain Power

PPP’s strategy to retain power

Pakistan Peoples Party Parliamentarians (PPPP) 2013 election strategy is distinct from its own past strategies as well as those being employed by other political parties. While the immediate family of…

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…

A Careless Caretaker Government

A careless caretaker government

There was no dearth of warnings about the impending economic crisis prior to the induction of the interim government. The PPP-led government had followed policies that led to a dire…

What Ails The SBP?

What ails the SBP?

The amendments made to Section 9 of the State Bank of Pakistan (SBP) Act in 1994, 1997 and 2012 have redefined the role and responsibilities of the Central Board of…

Debt And Fiscal Policy Statements 2012-13

Debt and fiscal policy statements 2012-13

Two important documents, namely, Fiscal Policy Statement and Debt Policy Statement for 2012-13, released on 4th February 2013 by the Debt Policy Co-ordination Office of Ministry of Finance, while expressing…