06-07-2024, 12:00 PM
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KARACHI:A leading think tank of the United States has ranked Pakistan the 29th miserable economy of the world.Released recently by Washington DC-based Cato Institute, a conservative public policy research body, Pakistan fares relatively well on the World Misery Index 2013, compared to neighbouring India that ranked 22nd in terms of economic misery.Originally air max donna developed b yeezys slide y American economist Arthur Okun, and later improved upon by Harvard University professor Robert Barro, the scores for the World Misery Index for each of the 89 economies is calculated by adding the unemployment rate, the lending rate and the inflation rate, and then subtracting the percentage change in the real gross domestic product (GDP) per capita for a given year.Pakistan appears among the top one-third nations that are most miserable mainly because of the high interest rate which, according to Cato Institute, is the major contributing factor behind its overall high sco adidas samba adidas re on the index.The State Bank of Pakistan s (S ISLAMABAD:The Supreme Co nike air nike urt declared on Friday the professional tax levied by the Cantonment Board as unconstitutional, throwing out the challenge to the Sindh Hi stanley kaufen gh Court (SHC) decision by the C stanley antonment Board, Karachi.A three-member bench headed by Chief Justice Qazi Faiz Isa heard the appeal. While upholding the SHC decision, the bench ruled that the tax collected under the head of the professional tax should be refunded.During the hearing, the CJP observed that taxes levied by the Cantonment Board are both unconstitutional and in contradiction with transparency.He questioned the rationale behind the construction of shopping malls on land designated for military purposes, expressing that it was originally intended for non-commercial uses.During the proceedings, the CJP emphasized the importance of aligning institutions with their constitutional mandates. This led to the resolution of a plea challenging the collection of taxes from restaurants, banks, and poultry farms by the Cantonme
KARACHI:A leading think tank of the United States has ranked Pakistan the 29th miserable economy of the world.Released recently by Washington DC-based Cato Institute, a conservative public policy research body, Pakistan fares relatively well on the World Misery Index 2013, compared to neighbouring India that ranked 22nd in terms of economic misery.Originally air max donna developed b yeezys slide y American economist Arthur Okun, and later improved upon by Harvard University professor Robert Barro, the scores for the World Misery Index for each of the 89 economies is calculated by adding the unemployment rate, the lending rate and the inflation rate, and then subtracting the percentage change in the real gross domestic product (GDP) per capita for a given year.Pakistan appears among the top one-third nations that are most miserable mainly because of the high interest rate which, according to Cato Institute, is the major contributing factor behind its overall high sco adidas samba adidas re on the index.The State Bank of Pakistan s (S ISLAMABAD:The Supreme Co nike air nike urt declared on Friday the professional tax levied by the Cantonment Board as unconstitutional, throwing out the challenge to the Sindh Hi stanley kaufen gh Court (SHC) decision by the C stanley antonment Board, Karachi.A three-member bench headed by Chief Justice Qazi Faiz Isa heard the appeal. While upholding the SHC decision, the bench ruled that the tax collected under the head of the professional tax should be refunded.During the hearing, the CJP observed that taxes levied by the Cantonment Board are both unconstitutional and in contradiction with transparency.He questioned the rationale behind the construction of shopping malls on land designated for military purposes, expressing that it was originally intended for non-commercial uses.During the proceedings, the CJP emphasized the importance of aligning institutions with their constitutional mandates. This led to the resolution of a plea challenging the collection of taxes from restaurants, banks, and poultry farms by the Cantonme