Page 28 - Pakistan Link - May 17, 2019
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P28  –  PAKISTAN LINK  –  MAY 17, 2019                                                                                              PAKISTAN
        GROWTH FROM P1                    “If mid-to-large  scale busi-  But  Imam  and  Asif  Ali,  whose  sidered 150pc of the DC value where  and genuine dissent at home, whilst
        tem recently.                  nesses are assured of legal rights  52 was his second successive fifty, re-  the FBR value has not been notified  finding  ways  to  ignore  provocative
            The report places Tajikistan at  and a conducive environment, they  paired the damage with a fifth-wicket  or less than the DC rate. Moreover,  sloganeering that is designed largely
        No.6 for adding 605 MW followed by  would definitely move to Saudi Ara- partnership of 125.  under the current scheme, people are  to elicit reactions and disrupt prog-
        Ecuador (556MW), India (535MW),  bia. The educational and hospitality   Imam, the nephew of Pakistan  also allowed to enhance the declared  ress in the districts formerly known
        Norway  (419), Canada (401MW),  sector can boom.”           great and selection chief Inzamam-  value of immovable property.  as Fata.
        Austria (385), Cambodia (300MW),   Those applying for the Privi- ul-Haq, went to his sixth hundred in   The tax rate will be  1.5pc for   For the first part, i.e., the spur-
        Laos    (254MW),     Zimbabwe  leged Iqama will have to pay a high- 27 ODIs — and first against England  whitening  of  domestic  immovable  ring of economic activity, Pakistan
        (150MW), United States (141MW),  er one-off fee; have a valid passport  — off 97 balls.   properties (real estate). In case of for-  will need to open up trade routes for
        Iran (140MW), Congo (121MW),  and a clear criminal record; be   He continued to take the at-  eign assets, the fair market value will  Afghanistan, including easier access
        Colombia (111MW), Peru (111MW)  financially solvent and possess au- tack to England, driving Willey for a  be  determined  at  the  exchange  rate  to the port in Karachi for Afghan
        and Chile (110MW).             thentic credit and health reports.  straight six and next ball glancing the  prevalent on the date of declaration.  goods, and goods headed to Afghani-
            As far as recent addition of hy-  The scheme awaits the cabinet’s  left-arm quick for four.  The tax rate on undisclosed sales  stan. It will also need to find a way
        dropower in Pakistan is concerned,  approval three years after Saudi   Imam then surpassed his previ-  or supplies is 2pc, which is also of-  to enable trade between India and
        the country registered an increase of  Crown Prince Mohammed bin  ous ODI best of 128 against Zimba-  fered for the first time for bringing  Afghanistan through the trucking
        36 per cent in its total hydel genera-  Salman first proposed it.  bwe at Bulawayo last year.  undeclared sales into the tax net.  routes via Pakistani territory that are
        tion capacity in just one year, as prior                        Asif holed out off Woakes and  This will cover the sales or supplies  currently restricted. For the second
        to this, Wapda could only manage to  CRICKET FROM P1        Imam’s excellent innings ended when  chargeable to sales tax or federal  part, i.e., responsiveness to legiti-
        take its hydel generation to 6,902 MW  a mere four wickets.  he was bowled, giving himself room,  excise duty, which has not been de-  mate dissent in Khyber Pakhtunkh-
        in 59 years of its inception from the   Earlier, Imam-ul-Haq came into  by Curran.        clared or has been under declared up  wa’s new districts, Pakistan needs to
        year 1958 to 2017. The country has a                                                      to June 30, 2018.             adopt the PM Khan posture of com-
        potential of generating 60,000MW of                                                           The amount of tax will increase  passion, consideration and embrace
        low-cost hydel electricity.                                                               by a default surcharge of 10pc, 20pc,  of tribal youth – including dramatic
                                                                                                  30pc  and 40pc for  late payment of  public-sector spending programs in
        DOLLAR FROM P1                                                                            taxes. The tax rates will increase by  all seven districts. Concurrently, the
        IMF have depressed the currency                                                           10pc if the tax is paid between June  state needs to eschew aggression and
        market and the rupee may lose more                                                        30 and Sept 30, 2019. It will increase  defensiveness. Few things are as well-
        against the greenback in the coming                                                       by 20pc in case of payment between  integrated into the soul and fabric of
        days,” Secretary General of Exchange                                                      Sept 30 and Dec 31, 2019. The tax  Pakistan as Pakthun identity; there is
        Companies Association of Pakistan                                                         rate will increase by 30pc in case of  no need to undermine it with clumsy
        Zafar Paracha said on Monday.                                                             payment between Dec 31, 2019 and  attempts to bully dissenting voices
            Most of the currency dealers                                                          March 31, 2020, and further by 40pc  into submission.
        and  experts have  already  expressed                                                     in case of payment from March 31,   India too is evolving in fascinat-
        their disappointment over the undis-                                                      2019 onward till June 30, 2020.  ing ways. Important voices on India
        closed conditions agreed between the                                                          The  government  is  considering  believe that some of the foundational
        IMF authorities and the government.                                                       facilitating people to repatriate their  norms of post-British Nehruvian In-
                                                                                                  assets in dollars as well as in Dirhams  dia are collapsing, and in their stead
        DEPORTATION FROM P1           Imam ul Haq celebrates his scintillating century            through a UAE-based bank.     a new, muscular, religiously-assertive
        the list of ten countries that are facing                                                     The scheme cannot be availed  Hindu India has emerged. Notwith-
        such sanctions under a law according  form ahead of the World Cup with   Imam faced 131 balls including  by the holders of public office includ-  standing the convulsions of self-sat-
        to  which countries  refusing  to take  a career-best 151 as Pakistan made  16 fours and a six.  ing president, prime minister, chief  isfaction that many Pakistani nation-
        back deportees and visa over-stayers  358.                      Tailenders Hasan Ali and Sha-  ministers, governors, Chief Justice of  alists (perhaps including this writer)
        could be denied America visas.    The 23-year-old left-hander’s  heen  Shah  Afridi hit out  to leave  Pakistan, judges, their spouses and  may feel, it is important to properly
            “Under Section 243 (d) of the  innings was also the highest indi-  England, who had also rested Jos  dependent children and any public-  contextualize this change in India’s
        Immigration and  Nationality Act,  vidual score by a Pakistan batsman  Buttler following the star batsman’s  listed or government-owned compa-  ethos.
        the secretary of state is required  against  England  at  this level,  sur-  blistering 110 not out at Southamp-  ny. It will also not apply to gold and   The Balakot attack by India
        to discontinue granting immigra- passing the 138 made by his opening  ton, with a decent chase for victory.  precious stones, bearer prize bonds,  should have prompted three reac-
        tion  or non-immigrant  visas  to a  partner, Fakhar Zaman, in a 12-run   Line-ups:       bearer securities, shares, certificates,  tions in Pakistan. The first should
        nation upon receiving notice from  defeat at Southampton on Saturday   England: Jason Roy, Jonny Bair-  bonds or any other bearer assets.  have been elation at the remarkable
        the Homeland Security Secretary  that left the home side 1-0 up in this  stow  (wkt),  Joe  Root,  Ben  Stokes,   The amnesty scheme is not  capacity of the Pakistani system – in-
        that the country has denied or is  five-match series.       Moeen Ali, Eoin Morgan (capt), Joe  available to any public office holder  cluding  its  military  and  polity  –  to
        unreasonably delaying accepting a   Meanwhile Chris Woakes did  Denly, Chris Woakes, David Willey,  since May 15, 2009.  respond to such brazen aggression.
        citizen, subject, national or resident  his chances of being included in  Tom Curran, Liam Plunkett  It will not apply to any pro-  This elation was palpable after the
        of that country.              tournament hosts England’s final   Pakistan: Fakhar Zaman, Imam-  ceeds or  assets  that are  involved  in  capture of an Indian fighter pilot.
            “The State Department had not  15-man squad for the World Cup no  ul-Haq, Babar Azam, Haris Sohail,  or derived from the commission of a  The second should  have been in-
        clarified the extent of these sanc- harm with a return of four wickets  Sarfraz Ahmed (capt/wkt), Asif Ali,  criminal offence. It will also not ap-  trospection at the behavior of the
        tions, though it said that it was a  for 67 runs in a maximum 10 overs.  Imad Wasim, Faheem Ashraf, Hasan  ply to proceedings pending in any  international order immediately
        bilateral issue of ongoing discussion   But team-mate Joe Denly’s  Ali, Junaid Khan, Shaheen Shah Af-  court of law, among other exclusions.  following the Balakot attack. This
        between the two countries. A senior  World  Cup  chances  suffered  a  set-  ridi             Under the scheme, the cash de-  introspection was visible, but it was
        Pakistani official at the embassy  back, with the leg-spinner — play-                     clared will have to be deposited into  short lived (the UNSC 1267 commit-
        here  confirmed to  The  News  that  ing in place of the rested Adil Rashid   SCHEME FROM P1  a bank account. The foreign currency  tee’s listing of Masood Azhar should
        the discussion to resolve the matter  — bowling a couple of full tosses in  pillars — scope, default surcharge,  held  in  Pakistan  may  be  deposited  have renewed its urgency). The third
        was  ongoing,  but claimed  that  the  a solitary over costing nine runs be-  exclusions, tax rates and conditions.  into the declarant’s  bank account.  should have been an historic effort
        reports of sanctions regime were  fore he was taken out of the attack by   Unlike past scheme no revenue  The amount will be retained in the  to establish a new set of protocols in
        misleading.                   England captain Eoin Morgan.  realization projection is made on the  bank account till June 30, 2019.  the relationship with India that es-
            “ ‘Visa matters are dealt with   Warwickshire pace-bowling all-  plea that it is meant for allowing the   Similarly, the foreign assets re-  sentially prevents anything like Bala-
        on the basis of reciprocity,’ the offi- rounder Woakes made an early dou-  grey economy’s inclusion in tax net.  patriated to Pakistan will be depos-  kot from happening ever again – not
        cial said, adding that both countries  ble strike to reduce Pakistan to 27 for   The scheme can be availed by all  ited into the individual’s own bank  out of fear of India, but out of con-
        remain engaged in talks to refine  two after Morgan won the toss and  companies, associations of persons  Pak rupee account or his/her foreign  fidence in the demonstrable capacity
        visa related policies. He said the  decided to let England chase — they  and individuals only to whiten their  currency bank account in Pakistan  to resist, and the knowledge that any
        situation was being monitored and  generally prefer to bat first — ahead  assets, expenditures and sales not de- or invested in Pakistan Banao Cer-  future conflict could spin much fur-
        had improved as a result of which  of the World Cup.        clared until June 30, 2018. There is no  tificate or foreign currency-denomi-  ther along the path of escalation than
        Pakistan had revised its visa policy   Woakes’s  last ball of  the first  provision for whitening undeclared  nated bonds.  Balakot did, especially given the fab-
        and included the United States in its  over, an excellent full-length deliv-  incomes both domestic and foreign.  The foreign liquid assets not re-  ric of this new India.
        list of countries whose businessmen  ery, had Fakhar edging to second slip   The government has for the first  patriated to Pakistan will be depos-  This last one – a historic effort to
        can avail themselves of long-term  where Test skipper Joe Root held a  time given another one-year time pe- ited in the declarant’s foreign bank  establish a new set of norms with In-
        visas and even on-arrival visa facili- juggled catch.       riod to people for payment of taxes  account on or before June 30, 2019.  dia – was not possible because of the
        ties.                             Number three Babar Azam was  with additional different default sur-  The State Bank of Pakistan will  timing of the Balakot attack. It came
            “The embassy official also said  then clean bowled by a Woakes off-  charge rates on a quarterly basis un- notify the mode and manner of repa-  weeks before the Indian general elec-
        there  were  no such  sanctions  im- cutter.                til June 30, 2020. This facility will be  triation of assets to Pakistan, deposit  tion. Next week, the elections end,
        posed, but the matter was about   But new batsman Haris Sohail  available  only to those  people  who  of  tax  in  foreign  currency  through  and India will have a newly-elected
        some individuals and after which  was quickly into his stride in ideal  will first declare their assets until June  SBP  and  method  of  conversion  of  government.
        both sides had clarified their posi- batting conditions on a sunny day.  30, 2019.        values of assets held outside Pakistan   Ramadan is the month of mira-
        tions and since have been in dis-  The left-hander hit two superbly   Under the scheme, assets within  in Pak rupees.   cles. Amidst the gloom of Pakistan’s
        cussions to resolve the issue.” – The  timed fours off successive Woakes  the country and abroad (except for   The assets declaration scheme  return to crisis, there shines the hope
        News International            deliveries through point and then  real estate) can be whitened at a rate  was evolved on the request of rep-  that  a responsible handling  of rela-
                                      drove David Willey through the cov-  of four per cent. The whitened cash  resentatives of the Karachi Cham-  tions with Afghanistan and with In-
        CARD FROM P1                  ers for a boundary.           assets will have to be kept in Pakistani  ber of Commerce and Industry who  dia  may  yield  a  historic  peace  and
        will be the Pakistanis who have been   But Sohail’s excellent run-a-ball  bank accounts. For people wanting to  met prime minister Imran Khan on  stability. Pakistan has survived crises
        living there [and] are aware of their  41 came to an unfortunate end when,  keep their whitened money abroad, a  March 5, 2019. Thereafter, the pre-  in much worse conditions than to-
        language...  they can invest in small  called through for a single by Imam,  rate of 6pc will be charged.  mier asked former finance minister  day. The promise and the hope now
        and medium-sized businesses and  he was run out by bowler Tom Cur-  For the declaration of real estate,  Asad Umar to devise a scheme.  is  that  those  conditions  themselves
        employ other Pakistanis without re- ran kicking the ball onto the strik-  its value will be considered 150pc of         can be made much better.
        lying on local partners,” Rizwan-ul- er’s-end stumps.       the FBR-assigned value to bring it at  HOPE FROM P10           (The  writer  is an  analyst  and
        Haq, a former ambassador to Saudi   Pakistan were then 95 for three  par with the market rate. Similarly,  (including Pakistan), and the second  commentator. The News Interna-
        Arabia, told the publication.  in the 17th over.            the value of real estate will be con- is to respond positively to legitimate  tional)
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