The federal cabinet on Wednesday once again deferred the approval of much-awaited tax amnesty scheme because some of its provisions required “further fine-tuning”, Information Minister Fawad Chaudhry said. Prime Minister Imran Khan had convened a special meeting of the cabinet after some of the ministers opposed the amnesty plan, expressed their reservations and sought further […]
Tax amnesty scheme
No hope of justice for Nawaz from NAB: PM Abbasi
ISLAMABAD: Prime Minister (PM) Shahid Khaqan Abbasi on Sunday remarked that he had little hopes for Nawaz Sharif to be served justice by accountability court. PM Abbasi during an interview to a local news channel said that former PM Nawaz Sharif was willing to be jailed just to abide by his principles. Pakistan Muslim League-Nawaz […]
Court to examine govt’s tax amnesty scheme: CJP
ISLAMABAD: Chief Justice of Pakistan (CJP) Saqib Nisar on Thursday during a hearing remarked that the court will examine government’s tax amnesty scheme. CJP hearing a case related to ownership of state land, hinted that the recent tax amnesty scheme should be reviewed. He said that action should be taken against individuals who have assets […]
Govt’s revenue base might increase if tax-amnesty scheme proves successful: Moody’s
Moody’s on Thursday said that government’s revenue base will increase if Pakistan’s tax-amnesty scheme proves successful. Moody’s International assessed that the new scheme launched by Prime Minister (PM) Abbasi could lessen fiscal pressure on the government for low revenue generation and also help increase capital expenditures for China-Pakistan Economic Corridor (CPEC). The statement said that […]