Income Tax |
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Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not a sufficient index of such ability to pay. Income Tax is, therefore, generally recognized as a highly equitable form of taxation. A tax levied on income can nor normally be shifted to others and thus its incidence is on those for whom it is intended. Since income tax is progressive in nature, it tends to reduce economic disparity. Tax rates and method of calculating taxable income varies with fiscal status of the tax payer. Following are the broad categories of taxpayers:- Continue reading » |
Rs37.6 million Pakistani education project that aims for introduction of a new method of teaching software engineering to undergraduate students based on open software has been recognised and acknowledged by the Global University Network for Innovation (GUNI).
The ‘Integration of Open Source Software Projects in IT Education’ is an innovative software engineering project that is gradually achieving its objectives by training and allowing students to learn good programming practices and by getting feedback from professionals through open source. It is also sequentially helping the software industry by providing them with a workforce that has worked on industrial strength projects.
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By T.H Shah
Renowned Lebanese poet Khalil Gibran in one of his revolutionary poem Pity the Nation, says,
Pity the nation that is full of beliefs and empty of religion.
Pity the nation that wears a cloth it does not weave, eats a bread it does not harvest,
Pity the nation whose statesman is a fox, whose philosopher is a juggler, and whose art is the art of patching and mimicking,
Pity the nation divided into fragments, each fragment deeming itself a nation.
Seems same is the case with Pakistani rulers. In a recent statement of Media Advisor to President Ms. Farah Naz Isphaheni has very blatantly misconstrued the repercussions of drone attacks on the geographical territories of Pakistan, which has claimed numerous innocent people including women and children. Continue reading »
alisukhanver@hotmail.com
Beauty needs admiration; skills need recognition; talent needs appreciation. All these desires reach the climax if the desirer is sagacious educated and sensible. But there is always a very obvious difference between recognition and separatism. For the last few months the people of the southern Punjab in Pakistan have been raising their voices for the division of Punjab on administrative grounds. They claim that they have to face a lot of difficulties while seeking for the solution of their problems. People from the far-flung areas like Rajanpur and Bahawalpur have to travel a long distance to reach the provincial head quarter Lahore. They say that by this division the newly established province would be in a better position to take care of the financial matters of this area. Continue reading »
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