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New polio case reported from North Waziristan

ISLAMABAD: Another polio case was reported on Wednesday from North Waziristan tribal district, with the total number of cases for the current year reaching 16. The new case was reported from Zeraki Baadshah Kot village of Mirali UC, where a 42-month-old child was diagnosed with the crippling disease. An official of the Polio Virology…
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FPCCI, UBG, others welcome Tax Amnesty Scheme

By Our Staff Correspondent LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and United Business Group (UBG) Wednesday unanimously highly welcomed tax-amnesty scheme announced by Prime Minister Imran Khan and termed it a very positive step of the government to bring tax evaders under tax net by exposing their undocumented…
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Rupee bounces back after record low agaisnt dollar

The Business Report KARACHI: The US dollar down by Rs2 in the open market after reaching all time high of Rs 146 on Wednesday following strong speculations that the local currency will depreciate further after the signing of a bailout agreement with the International Monetary Fund (IMF). The US dollar closed at Rs144 in the open market. A high…
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Tax system should be changed with Chinese model: PCJCCI

By Our Special Correspondent LAHORE: Pakistan’s tax system should be revamped in line with Chinese Taxation model, which is based upon growth instead of the regulatory pressures. This was stated by Shah Faisal Afridi, President Pakistan-China Joint Chamber of Commerce and Industry while presiding over a high level meeting with the executive…
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Economic prospects

Mehtab Haider Pakistan’s economy is faced with three major challenges — coming to agreement with the IMF on fresh bailout package, crucial upcoming review of Financial Action Task Force (FATF) and finalisation of next budget for 2019-20. At the same time, the PTI-led government chose to oust key players of its economic team. This process of…
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Cabinet okays tax amnesty scheme

By Our Staff Correspondent ISLAMABAD: The federal cabinet on Tuesday gave approval to tax Amnesty Scheme. After cabinet's approval, the new scheme would be implemented through promulgation of a Presidential Ordinance. Prime Minister Imran Khan presided over a meeting of the cabinet during which it was briefed on the scheme. President Arif Alvi…
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