Taxation of immovable property
The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the Ordinance”] and for the first time levied capital gains tax (CGT) on…
Fixing the taxation system – Part IV
Among many compelling reasons for further devolution to the third tier is that citizens in a local jurisdiction are found to pay more taxes as they see that these are…
Climate, world order and Pakistan – Part I
Pakistan today is in such a state where only historically unprecedented actions on a historically unprecedented scale can ensure its survival. This will be a massive challenge. But the stakes…
Imran Aslam: in memoriam
Every time you go away from Pakistan, there is this opportunity to take pause and leave the sorrows of your country behind. This was present to both of our daughters…
The forthcoming IMF review
The 9th review of the IMF (International Monetary Fund) Programme is due shortly. It will represent an appraisal by the IMF of the economic outcome in the first quarter of…
A success review of the PTI
The PTI government led by Imran Khan completed its 3.5 years in power when the PM dissolved the assembly. The PTI coming to power in the center was the first…
Looking at the ground realities
There are no two opinions about the fact that the country at the moment is in a serious economic crisis. It is also an undeniable reality that an economic meltdown…
Shift in stance
After almost a year and a half in power, the Biden Administration has finally divulged the basic contours of its strategic intent towards China. On May 26, while addressing a…
A long lost dream
For decades, the source of India’s popularity has ranged from the exoticization of yoga, to the mysticism of Indian spirituality, going on to the reign of Bollywood, and the mainstreaming…
No, not like Sri Lanka
Beyond the turbulence that is raging in the political arena, it is the economic meltdown that tugs at our heartstrings. Constantly, fears are being expressed that we could be another…
