ISLAMABAD: PPP Parliamentary Leader in the Senate Senator Sherry Rehman said in her budget speech in the Senate on Wednesday that countries have a responsibility to history, and governments to their people when they face a crisis. “There is no doubt that Pakistan is facing a foreign policy inflection point and is at the threshold […]
loans
Faisal Vawda summoned by SHC over unpaid loan
KARACHI: The Sindh High Court (SHC) summoned the Federal Water Resources Minister Faisal Vawda, his father, Umar Vawda and Sher Noor Khan on Thursday over a plea related to the sale of property. The property estimated is more than Rs120 million to recover loans. Saudi-Pak Leasing Co filed a plea against all three for not returning […]
Tax filing system should be simplified: FM
The Federal Board of Revenue (FBR) was approached by Finance Minister Asad Umar for simplifying the tax return system. The minister asked them to make easier forms with a decreased number of questions. The minister was addressing an event on which he mentioned, “The amount of questions FBR asks you for your returns is more […]
CPEC loans not reason for Pakistan’s economic woes: China
BEIJING: China on Monday rejected the United States’ allegations that Pakistan’s economic crisis was a result of the China-Pakistan Economic Corridor (CPEC) loans. “US allegations of Chinese loans causing economic crisis in Pakistan are false. All projects and financial matters falling under CPEC are pursued with mutual agreement of both Pakistan and China,” Chinese foreign […]
Return nation’s wealth or suffer consequences, CJP warns accused of illegal loan waivers
ISLAMABAD: The Supreme Court of Pakistan (SC) on Tuesday directed companies and individuals to return money to the country or face consequences. During a suo moto notice case hearing pertaining to illegal waivers of bank loans by influential people and companies, Chief Justice of Pakistan (CJP) Saqib Nisar warned the accused to return the nation’s […]