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By Dr. Aneel Salman and Sheraz Ahmad Choudhary PTI-led government is trying to make taxation a more reliable system but myriad problems like inequality of tax collection, corruption, cost of tax collection and protection of confidential data are afflicting the system. However, solution lies in blockchain technology to fix the faults in the taxation regime. Tax is a compulsory contribution for the basic items in an economy that individuals are required to pay for a smooth working of financial events in a country. Public authorities levy taxes on merchandise, firms, people, and social orders. The framework of taxation in Pakistan is quite like some other tax frameworks in the world. The tax revenue of government can be characterized in...

January 17, 2022 at 8:29 am | Economic Affairs

By Prof. Engr. Zamir Ahmed Awan Asian Development Outlook says Pakistan’s economy is expected to continue recovering in FY2022, supported by stronger private investment, improving business activity, a steady vaccine rollout and economic stimulus measures for FY2022. Since the outbreak of COVID-19, in 2019, the global economy suffered heavily. Pakistan was also not any exception. Lockdown damaged the productivity of Pakistan, social distances have reduced the economic activities to a large extent. However, as compared to the rest of the world, COVID's impact on Pakistan was much less. It might be the right strategy of Pakistan to opt for smart lockdown, instead of complete lockdown. Another reason might be rich gene pool of Pakis...

January 17, 2022 at 8:20 am | Economic Affairs

January 13, 2022Rawalpindi(ISPR)Ms Angela Aggeler, US Charge d’ Affairs to Pakistan called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) at GHQ, today.During the meeting, matters of mutual interest, regional security situation including Afghanistan and bilateral cooperation in various fields were discussed. COAS emphasised the need for global efforts to address evolving situation in Afghanistan particularly the humanitarian crisis.The visiting dignitary appreciated Pakistan’s role and efforts for regional peace and stability.

January 13, 2022 at 10:38 pm | Economic Affairs

13 January 2022 Islamabad ( Press Release) President Dr Arif Alvi has said that Pakistan highly values its relationship with the Republic of Korea and wants to further enhance collaborations for promoting political, economic, people-to-people, and cultural relations. He emphasized the need for proactive measures to increase the quantum of trade between the two countries. The President made these remarks while talking to the Ambassador-designate of Pakistan to the Republic of Korea, Mr Nabeel Munir, who called on him, at Aiwan-e-Sadr, today.Talking to the Ambassador-designate, the President highlighted that Pakistan was a key investment destination for foreign investors in view of its investor-friendly policies and improved business environ...

January 13, 2022 at 3:51 pm | Economic Affairs

January 12, 2022Islamabad ( Press Release)Foreign Secretary Sohail Mahmood received outgoing Ambassador of Greece Andreas Papastavrou for farewell call today. Foreign Secretary appreciated the contributions of the ambassador towards strengthening bilateral relations and he hoped that the momentum generated would advance further. FS wished him well in his future endeavours.

January 13, 2022 at 10:11 am | Economic Affairs

Islamabad(Press Release)Japanese Ambassador Mitsuhiro Wada & Parliamentary Secretary on Foreign Affairs Andleeb Abbas inaugurated the Japanese art exhibition tokick start the celebrations of the 70th anniversary of the establishment of diplomatic relations between Japan and Pakistan, the Embassy of Japan in Pakistan and the Japan Foundation in cooperation with the Pakistan National Council of the Arts(PNCA) are presenting a superb collection of Japanese dolls in an exhibition titled “NINGYO: Art and Beauty of Japanese Dolls” at the PNCA.This popular Japanese dolls travelling exhibition was inaugurated on Tuesday 11th January by H.E. WADA Mitsuhiro, the Ambassador of Japan to Pakistan, together with the distinguished guests, Hon. An...

January 12, 2022 at 8:49 am | Economic Affairs

By Mariam Raheem China and Pakistan are all-weather strategic partners, and the friendship between the two brotherly countries has a long and cherished history. China and Pakistan have decades old brotherly relationship, and with the promotion of Belt and Road Initiative, the cooperation between both nations will bear more fruitful results. This is what Wu Weidong, Deputy Mayor of Xuzhou Municipal People’s Government, highlighted in a conference titled “Looking Back and Going Forward” to mark the 70th anniversary of the establishment of diplomatic relations between China and Pakistan. The video conference was co-hosted by Xuzhou Municipal Foreign Affairs Office, Jiangsu Normal University and University of the Punjab. Prof. S...

January 3, 2022 at 8:21 pm | Economic Affairs

January 3, 2022Islamabad ( Press Release)Export Target for first half of FY 2021-22 achievedJuly- December 2021 Exports was USD 15.125 billion and the target for the first half of the current FY, was USD 15 billionA consultative meeting was chaired by the Advisor to Prime Minister on Commerce and Investment, Mr Abdul Razak Dawood to discuss the trade trends in December 2021.The Advisor was informed that according to the provisional pre-PBS data, Pakistan’s exports during December 2021 increased by 16.7% to USD 2.761 billion as compared to USD 2.366 billion in December 2020, showing an increase of almost USD 400 million. He was informed that the export target for the month was USD 2.8 billion.He was informed that there were indications th...

January 3, 2022 at 8:14 pm | Economic Affairs

December 30,2021Rawalpindi (ISPR)54th Convocation Ceremony of College of Physicians and Surgeons Pakistan (CPSP), was held today at Jinnah Convention Centre, Islamabad. General Qamar Javed Bajwa, Chief of Army Staff (COAS) was chief guest on the occasion.On arrival, COAS was received by Professor Shoaib Shafi, Vice President CPSP.COAS awarded degrees to successful graduates and awarded medals to high achievers. COAS was also conferred honorary fellowship of CPSP.Speaking on the occasion, COAS congratulated the fellowship/ membership of CPSP on achieving important milestone in their careers. COAS especially lauded the role of CPSP in enabling Pakistan’s doctors/ physicians to achieve specialization in respective fields at par with contemp...

December 30, 2021 at 9:25 pm | Economic Affairs

By Dr. Aneel Salman and Sheraz Ahmad Choudhary PTI-led government is trying to make taxation a more reliable system but myriad problems like inequality of tax collection, corruption, cost of tax collection and protection of confidential data are afflicting the system. However, solution lies in blockchain technology to fix the faults in the taxation regime. Tax is a compulsory contribution for the basic items in an economy that individuals are required to pay for a smooth working of financial events in a country. Public authorities levy taxes on merchandise, firms, people, and social orders. The framework of taxation in Pakistan is quite like some other tax frameworks in the world. The tax revenue of government can be characterize...

December 29, 2021 at 10:11 pm | Economic Affairs