IMF asks for Rs7.25tr tax collection target
The Rs7.25 trillion tax collection target will be Rs1.15 trillion, or 19%, higher than this year’s revised target of Rs6.1 trillion. The IMF had asked for taking more tax measures to bridge the gap, which was not feasible in the present political circumstances. Sources said that the IMF was asking Pakistan for the Rs7.25 trillion tax target in addition to fulfilling the commitments made by the previous government of Pakistan Tehreek-e-Insaf to withdraw the tax exemptions and revise the tax slabs for the salaried individuals. The FBR’s performance has remained largely dependent on imports that contributed nearly 52% to the total tax collection, which camouflaged the weaknesses in the domestic sales tax collection that remained negative. Unlike the economic theories that talk about increase in tax collection proportionate to the nominal GDP growth rate, the FBRs’ performance in the last 10 months suggested that its sales tax collection at the domestic stage fell by 10% despite average inflation rate of 11%.
Source:The Express Tribune
May 11, 2022 07:17 UTC
Clips and Quotes: Edmonton Oilers lose game five OT heartbreaker to LA Kings 5-4
pic.twitter.com/2KvmKEWpxB — zach laing (@zjlaing) May 11, 2022right off the opening draw of the second period, there's some rough between the edmonton oilers and la kings. pic.twitter.com/hKYlHPwUXl — zach laing (@zjlaing) May 11, 2022slowing the kempe goal down, it did look to deflect off keith's stick and through smith's five-hole. pic.twitter.com/8y9d2YGIHY — zach laing (@zjlaing) May 11, 2022Advertisement - Continue Reading Belowwell, that's not ideal for the oilers. pic.twitter.com/gFP0vFpFPQ — zach laing (@zjlaing) May 11, 2022another scrum between the oilers and kings where edmonton is on the pk after. 4-4. pic.twitter.com/Qz4dZvnYly — zach laing (@zjlaing) May 11, 2022adrian kempe wins it in overtime.
Source:The Nation
May 11, 2022 06:49 UTC
GDB +5.0 Wrap Up: Oilers down in the series again after falling 5-4 in OT
Tonight, the Oilers needed to put the pedal to the floor from right from the jump and show the Kings that a night like Game 4 wasn’t going to happen again. The Oilers needed to be better than that. I truly believe that Mike Smith has been solid for the Oilers throughout this series, but this was absolutely not his night. has been solid for the Oilers throughout this series, but this was absolutely not his night. I’ve gotta feeling the Oilers may be without Darnell Nurse for Game 6 after the headbutt he threw at Danault.
Source:The Nation
May 11, 2022 06:26 UTC
Youth, abuse and deep fakes
The content, quality and abusive language of public discourse on popular social media need attention before they entirely mutilate the ‘Lingua franca’ of the country. Vitriol, anger and hatred in public discourse on social media are fast decaying our political, religious, informational and commercial forms of conversation—and its surrounding landscape. On social media, everything seems to be everyone’s business. With every obscenity and profane video leaked emerging into social media; apparently, society lowers its moral values. The political discourse led by desires, imagination and speculations hampers our abilities to effectively comprehend, analyse and respond to the gravity of the political situations.
Source:The Nation
May 11, 2022 06:01 UTC
Rupee sheds Rs1.13
ISLAMABAD – Exchange rate of Pak rupee weakened by Rs 1.13 against the US dollar in the interbank trading on Tuesday and closed at Rs 188.65 against the previous day’s closing of Rs 187.52. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs 186 and Rs 190 respectively. The price of Euro appreciated by Rs 2.38 and closed at Rs 199.38 against the previous day’s closing of Rs 197.01. The Japanese Yen gained two paisas to close at Rs 1.44, whereas an increase of Rs 2.23 was witnessed in the exchange rate of British Pound, which was traded at Rs 232.47 as compared to its last closing of Rs 230.25. The exchange rates of Emirates Dirham and Saudi Riyal increased by 30 paisas to close at Rs 51.36 and Rs50.29 respectively.
Source:The Nation
May 11, 2022 02:52 UTC
Imran derides Shehbaz as ‘Mir Jafar’
Former prime minister Imran Khan on Tuesday fired a broadside at Prime Minister Shehbaz Sharif, calling him Mir Jafar and saying that he conspired with the Americans to topple his government. He lost the Battle of Plassey on June 23, 1757 due to the betrayal of Mir Jafar, who was the commander of his army. Taking another jibe at Nawaz, Imran said a convicted person, who was living in London, had called the whole cabinet over there. Fake media houses targeted Pakistan Army and Imran Khan. When he came back with an NRO, he started ruining the country and you are saying that Imran Khan is speaking against the army.
Source:The Nation
May 11, 2022 00:47 UTC
NA-240 by-poll: 13 candidates submit nomination papers
It is pertinent to mention here that today (Tuesday) is the last day to file the nomination papers. According to details, Six candidates from MQM, three from Tehreek-e-Libek, two from PTI, one from PPP and one independent candidates have filed nomination papers. Prince Shahbaz, Muhammad Kashif and Abdul Sattar have submitted nomination papers on behalf of TLP. PTI s Khan Zaman Khattak and Gohar Ali Khattak have also submitted nomination papers. Other candidates who have filed papers include PPP s Muhammad Naeem and Eric Mushtaq.
Source:The Nation
May 11, 2022 00:11 UTC
NATO chief tests positive for COVID
NATO Secretary-General Jens Stoltenberg has tested positive for COVID-19, his office announced on Tuesday. “He (Stoltenberg) is fully vaccinated and boosted & has mild symptoms,” NATO Spokesperson Oana Lungescu said on Twitter. “Following Belgian medical guidelines, he will continue to fulfill his duties working from home,” she added. NATO foreign ministers will hold an informal meeting in Berlin this weekend.
Source:The Nation
May 10, 2022 21:29 UTC
CJ justifies suo moto notice over Suri’s ruling
The chief justice said that the court’s jurisdiction did not apply in case of holding protests in front of the Election Commission of Pakistan (ECP). Read Full text of Supreme Court verdict on NA deputy speaker's rulinghe chief justice also said that the use of suo motu power had been limited. He mentioned that the suo motu notice over the then National Assembly deputy speaker’s ruling on April 3 was taken after consultation with 12 apex court judges. During the hearing, Chief Justice Bandial said that the court wanted to give its decision on Article 63-A without any delay. “The interpretation of Article 63-A is necessary for [strengthening] the parliamentary democracy,” he added.
Source:The Express Tribune
May 10, 2022 19:54 UTC
Shehbaz is Mir Jaffar, clarifies Imran after ‘anti-state’ charge
Former prime minister and PTI Chairman Imran Khan has said that the 'real Mir Jaffar and Mir Sadiq of the nation' was Prime Minister Shehbaz Sharif and not any head of state institution as widely perceived following his address in Abbottabad on Sunday. The remarks prompted a response from Prime Minister Shehbaz Sharif, saying that Imran’s speech was “a grand conspiracy against Pakistan” and its institutions. Imran reiterated his allegations that his government was toppled through a US-backed conspiracy and local “Mir Jaffar and Mir Sadiq (traitors)” colluded with America for the same. Imran also lashed out at PPP leaders, saying that he will soon visit Sindh and rid the province of former president Asif Zardari. He termed the newly formed set up an “imported government” and lashed out at Prime Minister Shehbaz Sharif, saying the “decisive moment” had come for the people to decide if they wanted “slavery or liberty”.
Source:The Nation
May 10, 2022 17:55 UTC
$30b treasure trove useless
photo: filePakistan received $35 billion worth of information from the Organisation for Economic Cooperation and Development (OECD) and nearly $30 billion treasure trove turned out to be not actionable amid complaints of misuse of data by the taxmen. After the start of the exchange of information by the OECD in 2018, Pakistani authorities received $35 billion worth of information, said the sources. Former prime minister Imran Khan had promised to recover $200 billion worth of looted money. Under the OECD protocols, the OECD information can only be used for the recovery of due taxes. In 2018, the FBR had received around $9 billion worth of information but the actionable information was just $1.6 billion.
Source:The Express Tribune
May 10, 2022 12:05 UTC
PK Halder scams: ACC sues associates Purnima Haldar, Shwapan Kumar
The Anti Corruption Commission has filed two cases against Purnima Halder and Shawapn Kumar Mistri, two close associates of scammer Prashanta Kumar Halder -- also known as PK Halder. According to the case documents, the graft watchdog found proof of Purnima Haldar amassing Tk23,681,000 and Shawapan Kumar Mistri amassing Tk11,122,522, the sources of which are still undisclosed. Also ReadSo far, notices have been issued against 33 individuals of the PK Halder syndicate to submit a statement of their assets. Authorities have also frozen the bank accounts of 83 individuals accused of being associates of PK Halder. So far 34 cases have been filed against PK Halder and his associates.
Source:The Express Tribune
May 10, 2022 11:21 UTC
CTD arrests TTP militant with Rs1m bounty
Peshawar – Counter Terrorism Department has arrested a militant of Tehreek Taliban Pakistan (TTP), with a head money of Rs1 million. An official said that the arrestee, identified as Nawaz Sharif, was wanted in the cases of extortions and bomb attacks on security forces in North Waziristan tribal district. The CTD, Bannu region arrested the outlaw, affiliated with the Mullah Mukhlis Group of the TTP-Hafiz Gul Bahadur Shura. The security personnel raided Mir Ali Bazaar after they received an intelligence report that the outlaw had reached the area for a terrorist activity.
Source:The Nation
May 10, 2022 05:03 UTC
Indiana's Historic Pathways garners national award
Avenues Recovery Center at Louisville has moved into the building formerly home to Kentuckiana Medical Center. The facility offers drug and alcohol detox and addiction treatment services and accepts both private insurance and Medicaid.
Source:The Express Tribune
May 10, 2022 01:50 UTC
Fiorentina 2-0 Roma: Match report and highlights
Jose Mourinho went for 4 central midfielders in a 3-5-1-1 in a desperate attempt to control the middle. First halfIn just the second minute, Nicolás González rode a couple of challenges and kept his feet, staggering into the AS Roma box until Rick Karsdorp popped a toe into his shin. Second halfIf you thought that Fiorentina would fall apart after the break as a Mourinho masterclass put Roma back in control, boy howdy were you mistaken. You got the sense, though, that this game could’ve continued until the Conference League final and Roma wouldn’t have scored. Full timeGoals: González PK 5’, Bonaventura 11’ (ass.
Source:The Nation
May 09, 2022 21:55 UTC