Tag: Unlikely
Pakistan unlikely to meet tax target despite 11pc rise
KARACHI - Tax collection, in the country, has surged by 11 percent during first seven months of the current fiscal year, official sources revealed on Monday.
Pakistan has long been under fire with economic observers, at home and abroad, equally critical of less than nine percent Tax to GDP Ratio that, critiques say, is lowest in the world and should, therefore, be increased by extending the tax net particularly to untaxed segments like agriculturists and affluent class.
Pakistan has long been under fire with economic observers, at home and abroad, equally critical of less than nine percent Tax to GDP Ratio that, critiques say, is lowest in the world and should, therefore, be increased by extending the tax net particularly to untaxed segments like agriculturists and affluent class.
PML-N unlikely to go for early elections
NEWS ANALYSIS - Pakistan Muslim League-N chief Nawaz Sharif finally announced his party's split with the Pakistan People's Party (PPP) in Punjab on Friday. While certainly dealing a blow to the PPP and its recent reconciliatory efforts, the PML-N leader stopped short of announcing an all-out war against the PPP for the time being.
The message from Sharif's press conference - where he announced the decision to part ways with the PPP, blaming President Asif Ali Zardari for leaving
The message from Sharif's press conference - where he announced the decision to part ways with the PPP, blaming President Asif Ali Zardari for leaving
‘Pakistan unlikely to import sugar this year’
ISLAMABAD - Pakistan is unlikely to import sugar this year because the country will have enough stocks to meet domestic requirements, Food Minister Nazar Muhammad Gondal has said. Pakistan imposes no import duty on white sugar and the government in September waived a 25 percent duty on raw sugar to encourage the private sector to import the sweetener after fears August floods would reduce the 2010/11 crop to 3.2 million tonnes.
But Gondal said that initial estimates suggest the
But Gondal said that initial estimates suggest the
Neelum-Jhelum project’s timely completion unlikely
ISLAMABAD - The slow pace of work on the Neelam-Jhelum hydro-power project has exposed the Pakistani authorities' lack of commitment to complete it by June, 2010 - the deadline set by the Ministry for Water and Power in the Power Policy 2002. The project had started in 2008, but only 16 percent to 17 percent of the work has been done, as work on head race tunnel has not been started so far.
"On the other hand, India has completed 15 percent of the tunnel of Kishanganga
"On the other hand, India has completed 15 percent of the tunnel of Kishanganga
Haj scam probe unlikely to reach logical end
ISLAMABAD - The investigation into the Haj scam is unlikely to reach its logical end as the Federal Investigation Agency (FIA) team has not been able to obtain any concrete evidence since the government of Saudi Arabia has disallowed the FIA team to record statements of Saudi nationals.
A source in the FIA told Pakistan Today that the Saudi government had asked its citizens not to record any statement with the Pakistani officials.
The source also said the FIA team,
A source in the FIA told Pakistan Today that the Saudi government had asked its citizens not to record any statement with the Pakistani officials.
The source also said the FIA team,
Timely completion of ZPI unlikely
ISLAMABAD - The Zero Point Interchange (ZPI) is far away from meeting its December 31 completion deadline as Capital Development Authority (CDA) has not been able to make timely payment to the project contractor.
"CDA has yet to pay Rs 350 million to the contractor who may stop the project work if the civic body fails to make payment within the next few days," said an official requesting anonymity.
He added that many other contractors working on various uplift projects were
"CDA has yet to pay Rs 350 million to the contractor who may stop the project work if the civic body fails to make payment within the next few days," said an official requesting anonymity.
He added that many other contractors working on various uplift projects were
Nine-month extension from IMF unlikely
ISLAMABAD - The government is headed towards troubled waters, as the International Monetary Fund (IMF) is unlikely to grant it the desired nine-month extension in the already suspended $11.3 billion standby arrangement programme.
Informed source said the programme had an in-built mechanism for an extension of up to three months, but the extension of another six months seems unlikely to be granted, as it construes that the government is not prepared to implement the reformed
Informed source said the programme had an in-built mechanism for an extension of up to three months, but the extension of another six months seems unlikely to be granted, as it construes that the government is not prepared to implement the reformed
EU unlikely to lift ban on seafood imports from Pakistan
KARACHI: The European Union (EU) is unlikely to lift a ban on the import of seafood products from Pakistan since the Sindh government and the Karachi Fish Harbour authorities are seemingly reluctant to comply with the EU's instructions, Pakistan Today learnt on Friday.
The EU had barred seafood imports from Pakistan in April 2007, an action taken following EU's inspectors visit to Pakistan. The inspectors had found the industry's food processing to be substandard, causing
The EU had barred seafood imports from Pakistan in April 2007, an action taken following EU's inspectors visit to Pakistan. The inspectors had found the industry's food processing to be substandard, causing
Pagara’s Lahore visit unlikely as PML-Q divided
LAHORE
The upcoming Lahore visit of Pakistan Muslim League-Functional (PML-F) chief Pir Pagara seems unlikely as differences amongst the Pakistan Muslim League-Quaid (PML-Q) and its dissident group remain unresolved, Pakistan Today has learnt.
The veteran politician was supposed to reach the provincial capital on October 27 and meet leaders of various Muslim League factions on October 28 at a local hotel. According to PML-F sources, it would be difficult for Pagara to
The upcoming Lahore visit of Pakistan Muslim League-Functional (PML-F) chief Pir Pagara seems unlikely as differences amongst the Pakistan Muslim League-Quaid (PML-Q) and its dissident group remain unresolved, Pakistan Today has learnt.
The veteran politician was supposed to reach the provincial capital on October 27 and meet leaders of various Muslim League factions on October 28 at a local hotel. According to PML-F sources, it would be difficult for Pagara to
