At a time when the parallel economy is booming and influential groups and sectors appear as untouchable as ever, government efforts to document the economy have once again fallen prey to the business lobby. The most recent example of this was the imposition of a 0.6 per cent withholding tax on those who do not . . . → Read More: Collection and collectors – The flawed tax system
Athens officially quantifies sum which includes repayment of forced loan and return of archaeological treasures
Greece’s deputy finance minister has said that Germany owes it nearly €279bn (£205bn) in reparations for the Nazi occupation of the country.
Greek governments and private citizens have pushed for war damages from Germany for decades but the Greek government . . . → Read More: Germany refuses to pay Greece €279bn
Pakistan plans to boost growth to an eight-year high as the government of Prime Minister Nawaz Sharif battles electricity shortages that have undermined South Asia’s second-biggest economy.
The economy will expand 5.1 percent in the year starting July from an estimated 4.1 percent in the outgoing year, Finance Minister Ishaq Dar . . . → Read More: Despite energy woes Pakistan’s economy hits 8-year high
“Finance Minister Ishaq Dar should announce a 20 per cent in salaries of government employees and pensioners because they have been badly affected by the unprecedented hike in the price of food items,” Mian Mazoor Wattoo, Punjab president of Pakistan Peoples Party, said on Sunday.
. . . → Read More: MNA’s hit by price hikes, demand 20% increment: Manzoor Watoo
Pakistan’s commitment to the International Monetary Fund (IMF) to sell 26% shares of national flag carrier Pakistan International Airlines (PIA) by the end of this year was not sacrosanct and a lot depended on the report of financial adviser, said Privatisation Secretary Amjad Ali Khan. . . . → Read More: What became of PIA’s privatization?
Pakistan’s former military ruler Pervez Musharraf has defended himself in his first interview since his house arrest earlier this year, telling a local television station he did his best for the nation.
The interview, recorded several weeks ago, aired late on Thursday, just days before a special tribunal to decide whether Musharraf committed high treason . . . → Read More: Musharraf defends his (mis)deeds
In an attempt to tighten the noose around the affluent tax evaders, the Federal Board of Revenue (FBR) will target residents of the upscale neighbourhoods in metropolitan cities.
Talking to media about the move, FBR Chairman Tariq Bajwa said on Wednesday that residential landholders in the posh areas would be the first target of the . . . → Read More: FBR to go after the rich
Over the last five years, one question that has remained of integral significance amongst political contentions has been; was former military chief Pervez Musharraf better than this current ‘battered but not shattered’ democracy?
You can easily find a group of people who believe that his ‘martially-democratic’ epoch from 1999 to 2008 was better than the . . . → Read More: Give Musharraf a second chance