June 2014

UNDIPLOMATIC BEHAVIOURS

ALI SUKHANVER

ali-sukhanver2“A few days back the Pakistan’s High Commission at New Delhi received an anonymous warning letter in which the staff members of the High commission were threatened seriously,” reported the Times of India last month. According to the details the staff members of the Pakistan’s High Commission raised the issue with Pakistan’s Ministry of Foreign Affairs which ultimately discussed the matter with Indian authorities and requested an investigation into the threat-letter. The Indian authorities were also asked to increase the security at Pakistan’s embassy in New Delhi because according to the international rules and regulations it is the responsibility of the Indian government to ensure the protection of the Pakistani High Commission and its staff. Unfortunately nothing practical has yet been done to seek for the culprits who sent this threat-letter to Pakistan’s Embassy in India. A spokesman of the Indian government commented on the situation in a very casual way by saying, “We provide maximum possible security to all missions and same is the case with Pakistan.” The spokesman Read More »UNDIPLOMATIC BEHAVIOURS

Pakistan Budget 14-15: New tax rates on cars, vehicles

The government has slapped increased tax rates as well as advance tax on motor cars in the budget 2014-15.

Up to 850 cc, the proposed advance tax stands at Rs 10000 for both return filers and non-filers. For 851 cc to 1000 cc, the proposed tax rate is Rs 20000 for filers and Rs 25,000 for non-filers.

For 1001cc to 1300cc, the government has proposed tax rate of Rs30,000 on filers and Rs40,000 for non-filers. For 1301 cc to 1600 cc, the proposed tax rate is Rs 50000 for filers and Rs 100,000 for non-filers.Read More »Pakistan Budget 14-15: New tax rates on cars, vehicles

Pakistan Economic Survey 2013-14

Growth rate less than the targeted 4.4% but highest in six years at 4.14%

Finance Minister Ishaq Dar said on Monday that the country could provisionally achieve 4.1 percent growth target for the outgoing year, and termed the 4.4 percent GDP growth rate target for fiscal year 2013-14 as over-stretched.

Launching the Economic Survey for the year 2013-14 at a press conference at the premises of the Finance Ministry, the federal minister said the GDP growth rate was less than the targeted 4.4%, but it was for the first time in six years that the country had entered the territory of four percent growth in the fiscal year 2013-14. And, the GDP growth rate would be increased by one percent during the next three years, rising to 7% in 2017. Similarly, the industrial growth has been recorded at 5.84% as against 1.37% last year, he added.Read More »Pakistan Economic Survey 2013-14