Pakistan News

    Illinois By Per Capita Income Of Pakistan

  • Unique Illinois privacy law leads to $550M Facebook deal

    It was their Illinois addresses, though, that put the trio's names atop a lawsuit that Facebook recently agreed to settle for $550 million, which could lead to payouts of a couple of hundred dollars to several million Illinois users of the social networking site...

    The lawsuit, one of more than 400 filed against tech companies big and small in the past five years, by one law firm's count, alleges that Facebook broke Illinois' strict...

  • Weak personal income tax compliance affecting tax culture in Pakistan: report

    ISLAMABAD: A new United Nations report says that the weak personal income tax (PIT) compliance in Pakistan poses serious questions about the accountability and fairness of the system and this in the long run casts a shadow on the efforts to create conducive tax culture in society...

    The importance of closing the per­sonal income tax loopholes exploited by the rich should not be overlooked, says the report released by the United...

  • IFAD to provide $82m for boosting household income

    ISLAMABAD: The International Fund for Agricultural Development (IFAD) will make an investment of $82 million in Pakistan to improve livelihoods, living conditions and income-generating capacity for 320,000 poor rural households in the country...

    The project’s financial agreement for graduation programme was signed in Rome, on Tuesday, by IFAD Vice-President, Michel Mordasini and Pakistan’s Ambassador to Italy, Nadeem Riyaz...

  • FBR launches income tax awareness drive

    KARACHI: A large number of public and private sector employees do not file their tax returns under the misconception that since income tax has been deducted at source there was no need for filing...

    The FBR team stressed that the law demands that any individual drawing salary above Rs400,000 per annum has to mandatorily file income tax returns...

  • China to get 91pc Gwadar income, minister tells Senate

    ISLAMABAD: The Senate was told on Friday that 91 per cent of the revenues to be generated from the Gwadar port as part of the China-Pakistan Econo­mic Corridor (CPEC) would go to China, while the Gwadar Port Authority would get 9pc share in the income for the next 40 years...

    That means that Pakistan will take over the operation of the port along with the infrastructure to be built on it during the period to enhance the port’s...

  • SC notes discrepancies in Jahangir Tareen's income on tax returns, nomination papers

    The Supreme Court on Thursday questioned Advocate Sikander Mohammad, the counsel representing Pakistan Tehreek-i-Insaf (PTI) Secretary General Jahangir Tareen, regarding discrepancies in his client's income records...

    During the hearing, the court observed that the income declared by Tareen before the Election Commission of Pakistan (ECP) in his nomination papers was less than the figure declared on his tax returns, wondering if the...

  • Centre urged to give Balochistan its share in gas income

    QUETTA: The Balochistan Assembly unanimously adopted a resolution demanding the federal government ensure that Article 172 (3) of the Constitution was implemented in letter and spirit in order for the province to get its share in the income of oil and gas production...

    Speaking on the occasion, Mr Ziaratwal said that as per the 18th Amendment, provinces were to be given their share from the income from oil and gas production, but so...

  • Allocation enhanced for income support programme

    ISLAMABAD: The PML-N government which inherited the Benazir Income Support Programme has spent Rs40 billion on the BISP and enhanced allocation to Rs97bn...

    Reaching out to the poor is a policy objective of the government and the main intervention designed for the purpose is the National Income Support Programme (NISP) which consists of the BISP and Prime Minister’s Youth Programme (PMYP)...

  • Wealth inequality worse than income inequality

    WASHINGTON: Discussions of US economic inequality usually focus on income inequality (as in the case of a CEO who makes 300 times as much as his workers do)...

    Income is the amount of money you earn, whether from your work or your investments...

  • Sindh proposes single tax on farm income

    KARACHI: The Board of Revenue (BoR), Sindh, has proposed replacing over a dozen farm taxes with a single provincial tax for agriculture income, as part of land record computerisation project...

    By implementing the modern tax assessment system based on digitalised record of farm lands, the BoR aims to boost agriculture income tax to Rs4...

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