In the Finance Bill 2016-17 amendments have been proposed in Clause 23 of the Income Tax Ordinance that will arguably provide legal cover to undeclared wealth held through foreign trusts by Pakistani individuals.
This is how budgets were made in the 1990s, not the devolved Pakistan, says Sherry Rehman in Senate
Most acheivements are exogenous and have little to do with the government’s own economic management or policies.
Our friendship with the Peoples Republic and the Communist Party of China has only gained strength over successive generations of both the parties.
How do they expect to spur growth by increasing tax burden on those who are already in the tax net?
This budget ingores the needs of Pakistan’s largest tax-paying and revenue generating province, says Rehman
Pre-budget 2016/17 Enabling Background Document Highlights · Federal budget 2016-17 proposal was approved by the cabinet during a meeting which was presided over by Prime Minister Nawaz Sharif via video link from the Pakistan High Commission in London. · The federal cabinet approved a deficit budget of Rs4.42 trillion which, like proposals in previous years,
Rehman says former President Asif Ali Zardari does not want exclusive party leadership.