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Tax design, not rates, is Pakistan’s real problem

[ ISLAMABAD: Pakistan’s tax debate often starts in the wrong place. We argue over rates, targets and quarterly shortfalls, but avoid the central problem: the design of the tax system itself. A tax regime that depends on a largely undocumented retail economy to collect revenue will keep producing distortion, leakage and resentment. That is exactly … Read more

Iran will turn Gulf of Oman into ‘graveyard’ for ships if US doesn’t end blockade: military adviser

‘A naval blockade is an act of war, responding to it is our right,’ says Major General Mohsen Rezaei Black smoke rises at sea near the Strait of Hormuz. PHOTO: ANADOLU AGENCY Iran vowed Sunday to confront the US over its naval blockade, with a top military adviser to the country’s supreme leader warning that … Read more

Four invisible barriers to foreign investment

[ Poor systems, damaging narratives are hurting Pakistan’s image among foreign investors ISLAMABAD: A few days ago, President Zardari concluded his visit to China. His engagement indicates that both countries are venturing into new areas of cooperation, from security and the economy to social development, to build a community with a shared future. The signing … Read more

UK police detail rally arrests

. LONDON: London police said Sunday officers arrested 20 people the previous day at a march organised by far-right activist Tommy Robinson and 12 people at a counter-demonstration fused with a pro-Palestinian protest. The city’s Metropolitan Police — which had already disclosed making 43 arrests Saturday after tens of thousands people attended the duelling events … Read more

Pakistan wins Hague ruling in IWT row

PCA upholds restrictions on pondage for Indian projects Says IWT places limits on Delhi’s ability to control flow ISLAMABAD: In a landmark ruling, the Permanent Court of Arbitration (PCA) in The Hague delivered a supplemental award upholding Pakistan’s position regarding maximum pondage limits for Indian hydroelectric projects on the western rivers. Under the Indus Waters … Read more