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Articles for tag: displays, exemption, Harvard, Heat, Tax, threat, Trump

Trump displays heat in Harvard with threat to tax exemption

A view of Harvard Campus on John F. Kennedy Street at Harvard University is depicted in Cambridge, Massachusetts, USA, December 7th 2023 – Reuters New York: US President Donald Trump threatened to remove Harvard University from the regime free from taxes, having rejected what it describes as illegal government demands to change its academic programs or risk losing funding. Starting from the University of Columbia, Trump’s administration has reprimanded universities across the country to handle the pre-Palestinian protest movement that limited campuses last year. Trump has called anti-American and anti-Semitic protests, accused the universities of trading Marxism and the ideology

April 13, 2025

News Desk

OCAC requires Super Tax to terminate, tax exemption on sales of FY26 budget

The representative image shows a work pump in Taft Kern County, California, USA, on September 21, 2023. – AFP The impact on FY 2025 is expected to be greater than 18 billion Rs. The industry wants a minimum tax on refineries and OMCs that decreased to 0.25%. OCAC seeks to restore the powers of the Commissioner’s Certificate. ISLAMABAD: Petroleum industry has submitted budget proposals for the financial year 2025-26, urging the Federal Revenue Council (FBR) to abolish super tax, withdraw exemption from sales tax and final tax regime for exports The news reported. In a three -page letter addressed to

August 24, 2024

News Desk

APTMA warns of financial impact of withdrawal of sales tax exemption

Islamabad: The All Pakistan Textile Mills Association (APTMA) has expressed serious concerns over the recent withdrawal of sales tax exemption on local procurement for export production in the textile sector. The union warns that regressive tax policies are driving factory closings and mass unemployment across the industry. Despite multiple pleas from industry bodies, clear commitments from the finance minister and instructions from the prime minister to suspend SRO 350(I)/2024 till it is revised, the Federal Board of Revenue (FBR) continues to enforce the policy. APTMA claims that the current provisions of SRO 350 are causing widespread disruption to the textile

June 12, 2024

News Desk

The government will end GST exemption on 7,000 items

Islamabad: The federal government has decided to end large-scale tax breaks in the upcoming federal budget for the financial year 2024-25. This includes ending GST exemptions on about 7,000 items, as well as removing exemptions and concessions for income tax and customs duties. The volume of tax exemptions will be reduced. The National Economic Survey 2024-25, released on Tuesday, revealed important information about tax breaks. The survey showed that tax exemptions of Rs 3,979 billion were granted in the current financial year. These exemptions were granted in the areas of income tax, sales tax and customs duties. However, it is

May 22, 2024

News Desk

CCP grants exemption from oil contract

Islamabad: The Competition Commission of Pakistan (CCP) has granted a time exemption for the relevant clauses of the product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas & Oil Pakistan Ltd (GO Petroleum) for the import and sale of petrol and diesel products in Pakistan. ATC Fujairah, registered in the United Arab Emirates, is one of the largest integrated energy and chemical companies in the world. Gas & Oil Pakistan Ltd, an Oil Marketing Company (OMC) registered in Pakistan, operates a nationwide network of retail outlets selling petrol, diesel and lubricants. Under the agreement, ATC Fujairah intends

December 12, 2023

News Desk

Pregnant Kate Cox leaves Texas as Supreme Court rejects abortion exemption

Kate Cox claims continuing pregnancy poses risks to both her health and future fertility Kate Cox appears in a photo from earlier this year. The 31-year-old Dallas-area mother of two left the state, possibly to terminate her pregnancy.—BBC A pregnant Texas woman, Kate Cox, battling a fetus diagnosed with trisomy 18, a condition with low survival rates, has left the state to seek an abortion elsewhere after the Texas Supreme Court rejected her unprecedented appeal, marking the first legal test since overturning Roe v Wade. Cox, a 31-year-old mother of two from Dallas, argued that continuing the pregnancy posed risks

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