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  • Pemra seeks ARY News response to IB complaint against 'fake news'

    The Pakistan Electronic Media Regulatory Authority (Pemra) on Saturday directed ARY News to respond to a complaint filed by the Intelligence Bureau (IB) against its report on a list of lawmakers suspected of links with banned militant groups allegedly compiled by the IB...

    The list first came to light when ARY News programme 'Power Play' aired a report on Sept 25 claiming that former prime minister Nawaz Sharif had directed the IB on...

  • Pemra serves notices to ARY, Bol News over 'fake' news regarding cabinet reshuffle

    The Pakistan Electronic Media Regulatory Authority (Pemra) has issued show-cause notices to ARY News and Bol News for airing news items regarding a reshuffle in the federal cabinet and change in the portfolios of some federal ministers, it emerged on Tuesday...

    The two media outlets had aired the news on Monday morning about a possible reshuffle in the posts for Minister for Finance and Minister of State for Interior held by Asad Umar...

  • ‘Fake news’ becomes a business model, say researchers

    WASHINGTON: Cyber criminals have latched onto the notion of “fake news” and turned it into a profitable business model, with services starting at under $10, security researchers said on Thursday...

    One of the methods used is creating bogus or “spoofed” media websites designed to look like those of legitimate news organisations...

  • MQM’s call for business closure gets cold response

    KARACHI: The Muttahida Qaumi Movement’s (MQM) call to keep business and transport closed in protest against the seizure of Dr Farooq Sattar’s home by the Pakistan Rangers failed to receive the traditional response on Wednesday...

    The fresh call attracted media attention and an immediate response from the Pakistan Rangers, Sindh, within the next few hours...

  • Panama leaks: Obama calls for international tax reforms

    WASHINGTON: US President Barack Obama on Tuesday called for international tax reforms to prevent tax evasion like those reported in the Panama Papers...

    “There is no doubt that the problem of global tax avoidance generally is a huge problem,” he told reporters at the White House...

  • ‘Tax rules worsen business climate’

    ISLAMABAD: The World Bank says tax regulations in Pakistan are frequently altered, and unpredictable tax rules worsen the business climate and may deter potential investment...

    The report “Towards a more friendly tax regime: Key challenges in South Asia,” points out that South Asia’s tax regulations are complex and difficult to administer and comply with...

  • India to simplify income tax law to ease doing business

    NEW DELHI: India has set up a new panel to simplify the country’s 55-year-old income tax law, Finance Minister Arun Jaitley said on Tuesday, part of an effort to make it easier to do business...

    The panel will suggest ways to create predictability and certainty in tax laws without having a substantial impact on the tax base and revenue collection, Jaitley told reporters...

  • Indian business leaders hail landmark tax reform

    NEW DELHI: Indian business leaders on Thursday hailed the passage of a landmark tax reform bill that paves the way for a new national sales tax and the creation of a common market across the country for the first time...

    Lawmakers voted late Wednesday in favour of introducing the long-awaited Goods and Services Tax (GST), which will replace a patchwork of central and state levies on goods and services and marks India's most...

  • Tax proposals for agri-business

    The urea price is high due to a number of taxes including 17pc sales tax and gas infrastructure development cess...

    • Old customs duty and sales tax amounting to 5pc on the import of soybean meal and ‘zero rating’ status for the value-added (frozen and packed poultry products falling under PCT 0207, 1601 and 1602) be restored...

  • Business community ‘misrepresenting’ withholding tax issue

    3 per cent withholding tax (WHT) on banking transactions by the Federal Board of Revenue (FBR) can bring paradigm shift in taxation system by helping increase revenue collection and tax-to-GDP ratio, experts say, adding that the business community was misrepresenting the issue...

    6pc withholding tax on all intra-banking transactions, including cheques, pay orders, demand draft, online transfers, etc...

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