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June 24, 2018 12:00 AM Bilawal inherited assets from family, clarifies PPP

KARACHI: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari has submitted income tax returns of the last three years with his nomination papers and all the properties and businesses declared by him have been inherited from his family. This was stated by Senator Mustafa Nawaz Khokhar, spokesman to the PPP Chairman, while reacting to reports

June 24, 2018 12:00 AM Left chairmanship, not politics: Musharraf

ISLAMABAD: In a video message released by the All Pakistan Muslim League (APML), former military dictator General (R) Pervez Musharraf has clarified that he’s not quit politics but resigned as the party chairman after due legal consultation. “For my return to the country, I required three things: I may be allowed to take part in the election; my name be not put on the Exit Control

June 24, 2018 12:00 AM FBR says ‘bulk of declarations’ under tax amnesty received from Dubai

KARACHI: Dubai is the offshore destination of choice for Pakistanis to park untaxed money as bulk of funds against declaration of foreign assets under the amnesty scheme were received from the Emirates, a top tax official said on Saturday. “We will disclose more details regarding declarations of foreign assets on June 30,” Tariq Mahmood Pasha, chairman

June 24, 2018 12:00 AM Measures proposed to reduce pending audit cases

KARACHI: Federal Board of Revenue (FBR) was urged to speed up settlement of audit cases that piled up to more than one million. Pakistan Tax Bar Association (PTBA), in a letter to FBR Chairman Tariq Mahmood Pasha, stressed the need for disposal of cases automatically selected for audit under Section 214D of the Income Tax Ordinance 2001 for tax years

June 23, 2018 3:13 AM Qureshi vs Tareen: PTI stalwarts trade barbs

MULTAN: Pakistan Tehreek-e-Insaf (PTI) vice chairman Shah Mehmood Qureshi on Friday took jibe at party’s former secretary general Jahangir Tareen, saying; "I am not insane to compete with Tareen," he was quoted by Geo News as saying. The new episode of differences between two PTI stalwarts came to surface when party faces an uphill task of resolving

June 23, 2018 12:00 AM PSX holds briefing on tax amnesty

KARACHI: Pakistan Stock Exchange Limited on Friday arranged a briefing on tax amnesty scheme for its trading right entitlement (TRE) certificate holders and market participants. Syed Muhammad Shabbar Zaidi, Senior Partner & Chairman AF Fergusons (PWC), presented in-depth and detailed analysis of the tax amnesty scheme under the Voluntary Declaration 1

June 23, 2018 12:00 AM PTI has been hijacked, says disgruntled female activist

TIMERGARA: A disgruntled female activist of the Pakistan Tehreek-e-Insaf (PTI) Nusrat Begum, who had applied for a party ticket on reserved seat, said on Friday the party had been hijacked by some influential persons. "The party has been hijacked by some influential persons. And PTI Chairman Imran Khan is not aware of the situation," she told journalists

June 23, 2018 12:00 AM PAT lawyers body formed: PAT chief for lawyers’ role in democracy

LAHORE: Pakistan Awami Tehreek (PAT) has set up a lawyers body namely Pakistan Awami Lawyers Movement (PALM). Addressing the first meeting of PAT’s sister organisation PALM, PAT chairman Dr Tahir-ul-Qadri said patriotic and conscious lawyers must play an effective legal and political role in restoration of true democracy in the country. He said the lawyer

June 22, 2018 5:37 PM Khaqan Abbasi challenges rejection of his papers for NA-53 constituency

ISLAMABAD: Former prime minister and Pakistan Muslim League-Nawaz (PML-N) leader Shahid Khaqan Abbasi on Friday filed an appeal against the rejection of his nomination papers from the capital’s NA-53 constituency. The returning officer (RO) decided on the dismissal on Abbasi’s failure to mention the development work he carried in his previous constituency 1

June 21, 2018 1:22 AM Musharraf explains why he put off his return

ISLAMABAD: All Pakistan Muslim League (APML) chairman retired Gen Pervez Musharraf has said that he was all set to return to the country but the Supreme Court order forced him to change his mind. Speaking to journalists through a video link, the former president said the apex court order “barring the authorities from arresting me till my appearance before