The Government of Pakistan is petty. That’s why instead of finding better taxation mechanisms or devolving the responsibility, they want to block your sim. Which is why its a good thing the decision has become a bone of contention between FBR, telcos, and the PTA. So what is going on? Essentially it is a turf war over jurisdiction that has placed the FBR in a strange conundrum. How will it play out? Read on in the full story at: https://lnkd.in/dAubHVrg
Haha😂
Federal Board of Revenue (FBR) categorically dismisses speculation of a mini-budget, alleviating concerns of additional taxes and economic uncertainty. The clarification provides relief to businesses and individuals, ensuring stability in fiscal policies. Pakistan's economic landscape remains steady, with FBR committed to meeting revenue targets without additional levies. #clickmepakistan #FBR #NoMiniBudget #EconomicStability #PakistanEconomy
Budi Madani cash aid will be revised periodically if diesel price rise - Deputy Finance Minister #latest #vanakkammalaysia #Budi #Madani #cash #aid #revised #periodically #diesel #price #rise #Deputy #Finance #Minister #trendingnewsmalaysia #malaysiatamilnews #fyp #vmnews #foryoupage
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I’d like expert thoughts about this. What I’m stating is my opinion with to my limited knowledge of Islamic history. In my understanding, Islam prohibited interest/riba because it was used unfairly by powerful people to trap and exploit the poor. Back in the day, rich lenders charged high interest rates, and borrowers would get stuck in endless debt, making it nearly impossible for them to escape poverty. Nowadays though, we’re mostly dealing with these big banks. They control large sums of money, and they profit immensely from interest. If we refuse to take interest from them (like savings account interest), we are not protecting the poor or stopping oppression, right? Instead, we’re letting these powerful institutions keep all the benefits without challenging the wealth imbalance. Really interested to know Shariah and financial experts’ take on this.
The Senate has recently passed the 26th Constitutional Amendment Bill, 2024, establishing a deadline of January 1, 2028, for the abolition of Riba (interest-based banking) in Pakistan. This provision was included at the suggestion of the Jamiat Ulema-e-Islam-Fazl (JUI-F), a regional political party led by Maulana Fazl-ur-Rehman, which posed challenges for the government during the bill's presentation. The amendment modifies clause (f) of Article 38 of the Constitution, which focuses on promoting social and economic well-being. The previous wording aimed to “eliminate Riba as early as possible,” but it has now been revised to state that this should be done “as far as practicable, by the 1st of January, 2028.” #ConstitutionalAmendment #Riba #InterestFreeBanking #PakistanSenate #EconomicReform #JUIF
The Senate has passed the 26th Constitutional Amendment Bill, 2024, setting a deadline of January 1, 2028, for abolishing Riba (interest-based banking) in Pakistan. This provision was introduced at the suggestion of the Jamiat Ulema-e-Islam-Fazl (JUI-F), a regional political party that posed challenges during the bill's presentation. The amendment revises clause (f) of Article 38 of the Constitution, which promotes social and economic well-being. The previous wording aimed to "eliminate Riba as early as possible," and has been changed to state that this should occur "as far as practicable, by January 1, 2028." #ConstitutionalAmendment #Riba #InterestFreeBanking #PakistanSenate #EconomicReform #JUIF Featured Horizon
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Exciting news for the financial sector in Pakistan! Prime Minister Shehbaz has ordered a third-party audit of all FBR projects to ensure transparency and accountability. This move highlights the government's commitment to improving the country's economic future. Read more about it here: [link to the article] #Pakistan #FinancialNews #Transparency #Audit #EconomicFuture #FBR
The Senate has recently passed the 26th Constitutional Amendment Bill, 2024, establishing a deadline of January 1, 2028, for the abolition of Riba (interest-based banking) in Pakistan. This provision was included at the suggestion of the Jamiat Ulema-e-Islam-Fazl (JUI-F), a regional political party led by Maulana Fazl-ur-Rehman, which posed challenges for the government during the bill's presentation. The amendment modifies clause (f) of Article 38 of the Constitution, which focuses on promoting social and economic well-being. The previous wording aimed to “eliminate Riba as early as possible,” but it has now been revised to state that this should be done “as far as practicable, by the 1st of January, 2028.” #ConstitutionalAmendment #Riba #InterestFreeBanking #PakistanSenate #EconomicReform
📢📢📢 Citizens of Abia, Here is a snapshot of the 2023 FAAC allocation to LGA's in your state. Do you know how much went to your own local government area? Have you seen projects commensurate to the allocations? . #askquestions #FollowTheMoney
Do you know Pakistan might tax selling government bonds early? The FBR aims to collect tax on these sales to plug revenue leaks & make transactions more transparent. This could impact investor behavior & requires smooth bank cooperation. Read More: https://lnkd.in/dEDzk-vW #PakistanTax #Budget2024 #Investment #TaxChanges #FinancialTransparency
Why was this bill necessary? “The Waqf is the third-largest landholder in the country. There are more than 85,000 cases related to Waqf pending across the nation. I think they don’t want any good development on Waqf lands—no good schools, hospitals, or colleges. They are opposing this only to appease their vote bank and a particular community,” Shiv Sena’s Shrikant Shinde launches sharp jibe on opposition, backs Waqf Amendment Bill 2024. . . Lawstreet Journal #WaqfAmendmentBill #WaqfLandReforms #ShivSena #PoliticalDebate #OppositionCriticism #VoteBankPolitics #WaqfProperties #IndiaPolitics #LandReform #LegislativeDebate #india #legalnews
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5moyour articles and research and analysis are very enlightening...thanks