Tax Amnesty Evoking Poor Response Due to Creep, Fatigue Cycle

IRSHAD SALIM (JUL 5, 2018): Nearly $6 billion worth of foreign assets have so far been declared under the offshore tax amnesty scheme, with Pakistanis repatriating a sum of about $30 million only. The caretaker government has given one-month extension in the one-time tax writeoff scheme till July 31, with both sides racing against time. […]

Saudi Binladin Group Now Being Run By Govt-Appointed Committee

JUL 5, 2018: Saudi businessmen Bakr, Saleh and Saad Binladin gave up their 36.2 pct stake in the Saudi Binladin Group to Istidama Holding Company, al-Arabiya TV reported on Thursday, citing the Saudi commerce ministry. The company, crucial to the state’s plans for major tourism and infrastructure projects, is now being run by a government-appointed […]

Some LNG From U.S. Land in Pakistan’s Energy System Among 24 Other Countries

The US is projected to become the third-largest LNG exporter in the world, surpassing Malaysia and remaining behind only Australia and Qatar. JUL 4, 2018 (BE2C2): Pakistan bought some Liquefied Natural Gas(LNG) from the US also besides Qatar amid reports that US LNG exports quadrupled in 2017. Pakistan’s new ambassador to the United States Ali […]

China, Pakistan Conduct Joint Patrol Near Border, Second In 2 Yrs After CPEC Launch

JUL 4, 2018: Chinese and Pakistani frontier defense forces conducted joint patrol at a mountainous region in Khunjerab in northwest China’s Xinjiang Uygur Autonomous Region last week. They were respectively assigned to a frontier defense company in Khunjerab –some 900km northeast of capital Islamabad at Pak-China border– under the PLA Xinjiang Military Command (MC) and […]

Gwadar Land Scam: NAB Probes Commercial, Industrial Plot ‘Giveaways’ Worth Rs70Bn

JUL 4, 2018 (BE2C2): The anti-corruption watchdog has initiated an inquiry into alleged illegal allotment of 3,167 acres of state-owned commercial and industrial lands valuing around Rs70 billion (US$600 million) in Gwadar to private individuals. According to an official statement issued on Tuesday by the National Accoun­tability Bureau, its Chairman Justice (retd) Javed Iqbal has […]

China-US Trade War ‘Only A Proxy For Larger Battle For Dominance Between Two Powers’

** Washington is due to start charging tariffs on $34 billion in Chinese imports as of Friday ** Beijing has pledged to retaliate with equal tariffs on $34 billion in US goods JUL 3, 2018 (BE2C2): China said Tuesday it is “fully prepared” for a trade war with the US as hopes dwindle for a […]

Pakistan’s First Women-Team Builds Formula Car To Race In Intl. Student Competition

JUL 3, 2018: Pakistan’s first all-girl team from National University of Science and Technology (NUST) has developed a Formula car and are all set to represent the country in the International Formula Student competition in England this month. “It was a challenging job, but we completed our Formula car in just five months,” Harim Akhtar, […]

With 60 Of These Drones Pakistan Can Plant A Billion Tree In One Year While Dams Are Built On War-Footing

JUL 2, 2018 (BE2C2): It’s simple maths. We are chopping down about 15 billion trees a year globally and planting about 9 billion. So there’s a net loss of 6 billion trees a year. In the region, the man-made deforestation maths is skewed heavily against Pakistan. Decades of felling and natural disasters have drastically reduced […]

US, India Convergence On Chabahar-Afghanistan ‘Corridor’ Amid Divergence On Iran Oil

IRSHAD SALIM (JUL 2, 2018): US Ambassador to the United Nations Nikki Haley on June 27 told India’s Prime Minister Narendra Modi that Washington would back his country’s plan to develop the Iranian seaport of Chabahar to open up a trade route to Afghanistan and Central Asia. Former US Secretary Rex Tillerson had indirectly said […]

National Crisis: Why Only 3Pct Among Thousands Appearing In Public Services Exams Pass

Deficiency in critical thinking, analytical approach and written skills, while a culture of notes and cramming pervade the system. JUL 2, 2018 (BE2C2): The recent announcement of results by the Federal Public Service Commission (FPSC) once again exposed the inadequacies in quality of education in Pakistan. According to the result, just a little over three […]

If You Did Not File Tax Returns Last Year You Can’t Buy Cars Or Motorcycles

JUL 1, 2018 (BE2C2): From Monday onward, only people who file their taxes will be allowed to buy vehicles. The Federal Board of Revenue (FBR) has prohibited people who do not file their taxes, or are non-filers, from purchasing cars and motorcycles. Their requests to get their vehicles registered will not be entertained either. As […]

China Mobile: World’s Largest Telecom Can’t Access U.S. Market –For National Security Risks

National security concerns raised after jump in cyber attacks against US JUL 3, 2018 (BE2C2): The Trump administration has cited national security concerns to deny China Mobile entry into the US, dealing a blow to one of China’s biggest state-owned telecoms providers amid a looming trade war between the two countries. The National Telecommunications and […]

Iran Vows To Thwart US Sanctions By Allowing Private Sector To Export Oil

JUL 2, 2018 (BE2C2): Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on Sunday. Iran is looking at ways to keep exporting oil as well […]

China Lends $1 Billion to Pakistan to Boost Dwindling Foreign Reserves

JUN 30, 2018: China has lent Pakistan $1 billion to boost the country’s plummeting foreign currency reserves, two sources in the finance ministry told Reuters, amid growing speculation of another International Monetary Fund bailout. The latest loan highlights Islamabad’s growing dependence on Chinese loans to buffer its foreign currency reserves, which plunged to $9.66 billion […]

Can India and Bhutan’s Success With ‘Plastic Roads’ Be Emulated By Pakistan?

IRSHAD SALIM (JUN 30, 2018): More than 34,000km of plastic roads have been built in India, mostly in rural areas, according to World Economic Forum report. A new report, however, states that the actual length of such roads using the innovative, home-grown technique runs for more than 100,000km as of October. The new road building […]

US Calls Off Key Talks With India Amid Tensions Over Trade Tariffs, Iran Oil

JUN 30, 2018: Indian Foreign Minister Sushma Swaraj and Defense Minister Nirmala Sitharaman were to hold talks with their American counterparts Mike Pompeo and James Mattis next week on economic, trade and defense issues. But with trade tensions escalating between India and United States, the high-level 2+2 dialogue between the two countries has been called […]

Find Out Why These Three Pakistanis Received Queen’s Young Leaders Awards

JUN 29, 2018 (BEE2C2): Three young Pakistanis received the prestigious Queen’s Young Leaders Awards at Buckingham Palace in London on Tuesday. Mahnoor Syed, Haroon Yasin and Hassan Mujtaba Zaidi were presented with medals by Queen Elizabeth II for their outstanding contributions to their community with their high impact cost-effective initiatives in learning, literacy growth and […]

Pakistan Put On Money-Laundering, Terror Finance Watch List For Lack Of ‘Adequate Measures’

Pakistan placed on FATF ‘grey list’ despite diplomatic efforts to avert decision; “We were told in February that we will be placed on the grey-list” – FO Spokesman JUN 28, 2018 (BE2C2): Late Wednesday night, Pakistan was officially placed on the Financial Action Task Force (FATF) ‘grey list’, despite the country’s diplomatic efforts to avoid […]

Top Court Allows Bahria Town To Continue In Larger Public Interest With Caveats

Real Estate Tycoon Malik Riaz was present at the hearings, along with many overseas Pakistanis and investors in Bahria projects. JUN 28, 2018: Bahria Town has been ordered to deposit Rs5 billion (US$42 million) as surety within two weeks before the Supreme Court, and 20% from the total amounts collected every month by the real […]

Facebook Abandons Plans to Build Its Own Internet Drones

JUN 27, 2018 (BE2C2): Facebook announced it would be scrapping plans to develop its own flying Internet drones, an initiative that started four years ago. In a Tuesday blog post, the social network said work on Project Aquila, which was intended to bring Internet access to remote parts of the world by using gigantic drones […]