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News for Friday, 28 Oct 2011

Tax deductions are popular, but penalties work better

When making tax policy, there’s a choice between carrots or sticks: Does the government give taxpayers credits or deductions for doing the right thing (buying their homes, giving money to...

Consumer spending up in September on savings

Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the durability of the economy's third-quarter growth spurt....

PIA strikes a fishy deal

Last week, the management of Pakistan International Airlines (PIA) has struck a fishy deal by acquiring two Boeing 747-200 series aircrafts SX-TIC and SX-TIE on ‘wet lease’ from an Athens-based...

‘Shahbaz fails to deliver as CM’

Opposition leader in the Punjab Assembly Raja Riaz has said that Shahbaz Sharif has completely failed to deliver as chief minister and is now holding public meetings to hide his...

Government orders probe against TCP for violating instruction of urea imports

Taking serious notice of violation of its decision on the urea imports by the Trading Corporation of Pakistan (TCP) through the Gwadar port, the government has decided to hold thorough...

Another 50bps rate-cut by SBP on the cards?

Whereas some quarters are critical of the central bank for slashing the discount rate by 1.5 per cent in one go saying the move might lead to further escalation in...

Linking real world online

The tale of the QR codes is an intriguing one, in the way it joins the real world with the virtual world that we seen to revere and access on...

Islamic Foundations

In Pakistan, one can find a list of formal foundations like Sultana foundation, Shaheen foundation, Al Khidmat foundation, Al Hudah foundation, Hamdard foundation, Shaheed foundation, Pakistan foundation fighting Blindiness, Pakistan...

The tax debate

Improved tax collection numbers for FY11 only reinforce the centrality of the FBR to any meaningful initiative at raising revenue, especially since the 18th amendment enhanced provincial share and responsibility....

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