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Taxation in Pakistan has evolved since the country’s independence in 1947, largely based on the British colonial tax system. Initially, Pakistan inherited the tax structures and administrative mechanisms of British rule, which included a comprehensive framework for indirect taxation. Over the years, however, Pakistan has modified and adapted ...
The book, divided into ten chapters, discusses the Pakistan military's economic empire and its political, economic, and social effect on the country. The author uses the term “Milbus” to refer to “ military capital that is used for the personal benefit of the military fraternity, especially the officer cadre, but is neither recorded nor ...
It was founded as Army Public College of Management & Sciences (APCOMS) in 1999 under the administrative control of the Inspector General Training & Evaluation (IGT&E), Pakistan Army. [3] Its engineering programs are affiliated with University of Engineering and Technology, Taxila (UET, Taxila) [ 4 ] and management programs are affiliated with ...
In 2010, a corruption scandal was unearthed that involved two Pakistan Army generals, (Maj Gen Khalid Zaheer Akhtar and Lt Gen Muhammad Afzal), and caused a loss of Rs. 1.8 billion to the National Logistics Corporation through speculative investments between 2004 and 2008. [9] [10] In 2015, both of them were convicted by the military court of ...
Pakistan's military establishment was clearly upset over reports of alleged leaking of this classified information to a Pakistani journalist by some civilian leaders attending that NSC meeting. [ 7 ] After the completion of investigation, the government held Pervez Rasheed, the Information Minister, responsible for the leak and he was ...
The influx of US military and economic aid amounting to US$500 million during 1955–58 contributed to Pakistan's growth reliant on foreign aid. In 1959, after a military coup d'état in 1958 , the martial law regime introduced export bonus vouchers as import licenses and exempted certain goods from licensing.
The Pakistan Army Amendment Bill 2023 aims to modify the clauses within the Pakistan Army Act of 1952. Its purpose is to establish the foundational framework for the establishment and continuous upkeep of the National Army. [1] The bill was approved by both the Senate and National Assembly and sent to President Arif Alvi for his signature. The ...
The high defense spending has sparked debates about its impact on Pakistan’s socio-economic growth. [3] Critics argue that the military budget takes a significant portion of the federal budget and results in economic inequality in Pakistan. [9] [10] [11] The transparency of Pakistan's military expenditure has been criticized.