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Tag: Pakistan

  • FBR restructuring: Govt plans to separate Customs and revenue collection system

    FBR restructuring: Govt plans to separate Customs and revenue collection system

    Caretaker Finance Minister Dr Shamshad Akhtar has announced that the government is implementing significant restructuring measures within the Federal Board of Revenue (FBR) to eliminate apparent conflicts of interest in tax collection and enhance overall performance. 

    Speaking at the Future Summit organised by the Nutshell Group, she outlined the action plan for restructuring Pakistan’s tax administration, emphasising the crucial aspect of strengthening the internal governance of the FBR. 

    One notable decision involves separating customs from the revenue collection mechanism. Customs will focus on tracking smuggling and related activities, while revenue collection will remain the exclusive mandate of the FBR. 

    Akhtar noted that a formal notification for this change will be issued next week, with additional notifications expected for further FBR restructuring initiatives. 

    Discussing FBR reforms, Akhtar highlighted the adoption of innovative digital technologies to broaden the tax base, minimise the tax policy and compliance gap, and increase tax collection. 

    The government aims to reduce the share of the shadow economy by more effectively identifying non-filers and those under-reporting incomes or business activities. 

    Furthermore, Akhtar revealed plans to separate the tax policy and revenue division, making it an independent entity reporting directly to the Minister of Finance. 

    According to Brecorder, this move aims to eliminate perceived conflicts of interest in tax collection, emphasising the need for fair, equitable, and productive tax policy design. 

    Collaboration with the National Database and Registration Authority (NADRA) is also underway to upgrade data systems, with a technical committee chaired by NADRA and FBR chairpersons established for this purpose. 

    The overall objective is comprehensive tax administrative reforms and increased efficiency in revenue collection. 

  • Finance Minister envisions Pakistan’s economy soaring to $2 trillion by 2047 

    Finance Minister envisions Pakistan’s economy soaring to $2 trillion by 2047 

    Dr Shamshad Akhtar, the Caretaker Finance Minister, emphasised Pakistan’s significant economic potential, stating that the country could achieve a $2 trillion economy by 2047, as per a World Bank report.  

    Addressing the Future Summit in Karachi, she underscored the importance of adopting robust economic and sector-specific policies, coupled with a resolute commitment to implementing challenging structural reforms. 

    Dr Akhtar highlighted the need for increased innovation and diversification within the economic framework to ensure sustainable growth.  

    Emphasising the role of Development Finance Institutions (DFIs), she noted that institutions with expertise, efficiency, and flexibility could serve as crucial drivers for the growth and development of the capital market. 

    In a recent meeting with the Chairman of the Securities and Exchange Commission of Pakistan (SECP) and heads of DFIs, Dr Akhtar discussed the progress of establishing a private equity and venture capital (PE and VC) fund.  

    While the DFIs reaffirmed their commitment, they also provided insights into the progress made and challenges encountered in the process. 

    Notably, Pakistan, currently under a caretaker government, successfully reached a staff-level agreement with the International Monetary Fund on the first review of a short-term bailout program.  

    This agreement clears the path for unlocking $700 million, a crucial step in mitigating the looming economic crisis.  

    The caretaker government has implemented various fiscal measures, including an increase in the petrol levy, additional taxes, and significant reforms in the power sector, to address the economic challenges effectively. 

  • Caretaker cabinet: Kiskay pass kitna paisa

    Caretaker cabinet: Kiskay pass kitna paisa

    According to a report published by Geo News, caretaker prime minister Anwarul Haq Kakar owns assets worth 4 crore, 81 lakh, 82 thousand, and 580 rupees, while also owning a share of 50 thousand in Chagai Mining Limited (CML).

    The caretaker Premier has disclosed the value of 10 tola gold at 80 thousand rupees; he also has more than 22 million rupees in two banks. The caretaker prime minister has disclosed the value of his house furniture at four lakh rupees.

    The caretaker finance minister, Shamshad Akhtar, has revealed the price of a house in Karachi DHA Phase 6 as four million and a plot in DHA worth Rs25,000.

    Shamshad Akhtar has shares worth more than three lakh rupees in Pakistan State Oil (PSO).

    The caretaker finance minister has 39 lakh 24 thousand rupees in banks, while his furniture is worth two lakh rupees.

    According to the details of the assets revealed by caretaker interior minister Sarfaraz Bugti, he owns a two-kanal house in Multan worth one crore, while he also owns a flat worth Rs 2.5 million in Multan United Mall. The caretaker interior minister has a house worth three crore and 12 lakh in Islamabad and a plot worth one crore in Quetta.
    Sarfaraz Bugti has Rs 67 lakh 98 thousand in cash, while his account has Rs 635,000. The value of his furniture is Rs 68 lakh. Sarfaraz Bugti has also declared 90 camels, 8,870 sheep, 4060 goats, 400 cows, 80 calves, and 86 buffaloes among his assets; his livestock is worth six crore and 97 lakhs.

    According to the document, the caretaker federal minister of information, Murtaza Solangi, is the owner of assets worth two crore and 32 lakh rupees. Solangi has one crore, 27 lakh rupees, while his wife owns two houses in Islamabad worth 31 lakh rupees besides 18 lakh cash.

  • India adopts Pakistan’s policies to achieve success, says Nawaz Sharif

    India adopts Pakistan’s policies to achieve success, says Nawaz Sharif

    Pakistan Muslim League-Nawaz (PML-N) head Nawaz Sharif said to the  Lahore Chamber of Commerce and Industry (LCCI) on Thursday that India achieved success by adopting Pakistan’s policies.

    In his address, Nawaz Sharif said that PML-N was aware of the economic challenges faced by the country. He also promised the business community that PML-N would surely take their advice, as it has done before.

    “The business community of Pakistan implemented our policies, and India adopted our policies and achieved economic success,” said Nawaz, who is leading his party’s campaign after returning to the country.

    This was his first interaction with traders since his return after a four-year-long self-imposed exile. The former prime minister mentioned that during his tenure in 2013–2017, Pakistan’s had the 24th-best economy in the world. He also said that at that time, the dollar was at 104.

    “If our development [model] and policies were continued, then the dollar would have been at 40 or 50,” claimed the three-time prime minister.

    Nawaz Sharif also said that Islamic countries began to see us as their protectors when we conducted a nuclear test in 1998.

  • Two Pakistanis arrested for smuggling drugs in onion sacks to Malaysia

    Two Pakistanis arrested for smuggling drugs in onion sacks to Malaysia

    Malaysian authorities have seized a consignment of onions shipped from Pakistan that contained drugs worth Rs. 5 billion, including 100 kgs of cocaine and 411 kgs of methamphetamine, reports The Express Tribune.

    Malaysian Authorities shared the information via a letter to the Trade Development Authority of Pakistan (TDAP), confirming the recovery of 500 kgs of drugs from a container loaded with Pakistani onions.

    The operation was carried out by the Malaysian Narcotics Crime Investigation Department on October 27, 2023. They have arrested five locals, all aged between 21 and 53, under Section 39B of the Dangerous Drugs Act.

    Two Pakistanis have been arrested on charges of drug trafficking. Suspect Chaudhry Nadeem has been detained at the Karachi airport while leaving for Thailand. Clearing agent Amir Ali Khan has also been arrested.

    The company in whose name the Goods Declaration (GD) was filed was the second GD of this company.

  • Council of Islamic Ideology gives ‘conditional permission’ for women to perform Hajj without mehram

    Council of Islamic Ideology gives ‘conditional permission’ for women to perform Hajj without mehram

    In response to a query from the Ministry of Religious Affairs, the Council of Islamic Ideology (CII) has given conditional permission to women to perform Umrah without mehram, The News has reported.

    The detailed response from the CII states that Jafria, Maliki, and Shafi’i schools of thought allow women to perform Hajj or Umrah without a mehram while Hanbali and Hanafi schools of thought do not consider Hajj and Umrah an obligation for women if their mehram is not available.

    Last year in October, the Saudi government allowed women from across the world to perform Haj and Umrah without a male relative.

    The CII, however, has said the performance of Hajj for a woman without a mehram should be in the company of trustworthy women in a group. It also asserted that the Ministry of Religious Affairs should properly scrutinise a Haj group in which a woman wants to perform Haj without a Mehram.

  • Security forces kill high-value terrorist commander in Peshawar

    Security forces kill high-value terrorist commander in Peshawar

    The military’s media wing has stated on Thursday that four terrorists, including a known militant commander, were killed by security forces in an intelligence-based operation in Peshawar.

    According to Inter Services Public Relations (ISPR), the operation was conducted due to the presence of militants in Badaber area of Peshawar District.

    During the operation, the Pakistani troops “effectively engaged” the miscreants which led to the killing of the four terrorists including a “high-value terrorist” Samiullah alias Shenay.

    As per the statement, militants Salman alias “Ahmed”, Imran alias “Muhammad” and Hazrat Umar alias “Khalid” were wanted by law enforcement agencies.

    “Weapons, ammunition, and explosives were also recovered from the killed terrorists, who remained actively involved in numerous terrorist activities, including extortion and target killings in the area,” said the ISPR.

    Earlier, on Wednesday, security forces killed seven terrorists in the Tank district of Khyber Pakhtunkhwa.

  • Sindh High Court sets deadline for investigation report on Sakrand Village killings

    Sindh High Court sets deadline for investigation report on Sakrand Village killings

    The Sindh High Court (SHC) has instructed the Deputy Inspector General (DIG) of Shaheed Benazirabad police to oversee the ongoing investigation into the killing of four villagers during a law enforcement raid in Sakrand.

    The court has set December 1 as the deadline for the submission of the investigation report.

    Headed by Justice Naimatullah Phulpoto, the two-judge bench also directed the inquiry committee established by the Sindh government to present its findings at the next hearing.

    In the previous court session, the SHC had instructed the in Senior Superintendent of Police (SSP) of Shaheed Benazirabad to produce both the complainants from the First Information Reports (FIRs) and the legal heirs of the deceased villagers.

    SSP Haider Raza appeared at the hearing and submitted a report indicating that notices had been served to one of the complainants, Rajab Ali.

    However, Ali failed to appear before the SHC, prompting the bench to reissue notices and instruct the SSP to ensure the presence of the complainant and legal heirs in the next hearing.

    Representing the petitioners, Advocate Syed Haider Imam Rizvi submitted that a fair investigation was not being conducted in the cases.

    The bench in its order said, “After hearing learned counsel for the parties, DIGP, Shaheed Benazirabad, is directed to supervise further investigation of the cases/FIRs mentioned in this petition and report shall be submitted before the trial court as well as before this court on the next date of hearing. Enquiry committee, constituted by the government of Sindh, shall also submit the report on the next date of hearing”.

    At the previous hearing, the SHC was also informed that the Sindh government had notified compensation for the legal heirs/families of victims.

    Tahmasp Rasheed Razvi and two other lawyers had petitioned the SHC and submitted that in order to harass the villagers and save their own skin, the law enforcement agencies had lodged two FIRs in violation of the apex court’s judgment.

    The Case

    The operation carried out by law enforcement agencies on September 9 aimed to apprehend militants associated with the banned Sindhudesh Revolutionary Army (SUA).

    In the course of the operation, four individuals were killed, and nine others, including four Rangers personnel, sustained injuries.
    A Rangers spokesman released a statement mentioning that the operation was intelligence-based and targeted high-value individuals.

    However, Sindh United Party (SUP) Secretary General Roshan Burriro claimed that those killed were supporters and revealed that a confrontation had ensued between security forces and villagers.

    The situation escalated when law enforcement officers opened fire, resulting in tragic deaths and injuries.
    Subsequently, grieving villagers staged a protest and blocked a section of the National Highway while carrying the coffins of the deceased individuals.

    Protests by the families and relatives of the deceased villagers came to an end after the initiation of the judicial inquiry and the registration of a First Information Report (FIR).

    The FIR was filed under Sections 302 (intentional murder) and 324 (murder attempt) of the Pakistan Penal Code based on the complaint of Rahib Jalbani, the brother of one of the deceased individuals.

    According to the FIR, the security officials arrived at a house in the village and accused those present of being terrorists before opening fire. The complainant’s brother and another individual died on the spot, while several others were injured.

    SUP President Syed Zain Shah clarified that the deceased villagers were not politically affiliated.

  • After months of treatment, 13-year-old Rizwana to be discharged from hospital

    After months of treatment, 13-year-old Rizwana to be discharged from hospital

    Rizwana, the underage domestic help tortured at work, will be discharged next week from hospital following months of treatment and surgeries.

    The 13-year-old has been undergoing treatment at the General Hospital in Lahore for the past five months.

    Talking to GeoNews, Principal Amiruddin Medical College Professor Al Farid Zafar said that Rizwana’s condition has improved and she is now walking and talking.

    He said that there have been requests from various departments to keep Rizwana, whichever department has better facilities, Rizwana will be shifted there.

    Professor Al Farid Zafar also said that after being discharged from the hospital, she will not go to Sargodha and will stay in Lahore.

    He also reported that one if Rizwana’s arms has mended while the other arm will be considered for surgery some time after discharge.

    The goal is to give Rizwana a normal life after discharge from hospital.

    In August, Rizwana went through plastic surgery.

    Rizwana had been allegedly tortured and abused while working at a civil judge’s home in Islamabad, after she was accused of stealing jewellery. Rizwana’s family revealed that the girl was not paid a single penny by the family for the extensive workload she was doing and was instead subjected to violence.

  • World Health Organization forms a commission to combat threat of ‘loneliness’

    World Health Organization forms a commission to combat threat of ‘loneliness’

    World Health Organization (WHO) has announced the formation of a ‘Commission on Social Connection’ to address loneliness as an impending threat to mental health around the world. This commission will comprise 11 members from around the world.

    The commission intends to boost social connection as a priority and promote solutions for the unique health threat.

    Senior Pakistani Advocate and Human Rights Defender Hina Jillani has also been nominated as one of the 11 commissioners from across the globe. She will participate in the first leadership-level meeting on December 6-8, to be held at the WHO secretariat. The meeting is aimed at forming a flagship report released by the mid-point of the three-year initiative.

    Speaking to Dawn, Ms Jillani said, “It has been observed that people, families, and even communities are being isolated because of social media networks. Physical interaction has been reducing day by day. There is a need to find a solution to the issue. In countries like Pakistan, there is an issue that the younger people are migrating to the developed countries due to which their parents will be left alone and will face a severe kind of isolation.”

    One in four older people experience social isolation and the rates are broadly similar in all regions. Among adolescents, between 5–15 per cent experience loneliness, according to research findings.

    The rest of the 11 commissioners also include Japan’s loneliness minister Ayuko Kato, Minister of Health and Social Protection in Morocco Khalid Ait Taleb, Sweden’s Minister for Health and Social Affairs Jakob Forssmed, Chile’s Minister of Health Ximena Aguilera Sanhueza, Permanent Representative to the UN from Kenya Cleopa Mailu, Minister of Climate Change Vanuatu Ralph Regenvanu, Deaf-Blind Advocate and Activist of United States Haben Girma and United States Google Chief Health Officer Karen Desalvo.

    This commission will find a new agenda on social connections, raising awareness, and building collaborations that will drive evidence-based solutions for countries, communities and individuals.