August 09 - 15, 1999
NATIONAL TAX CARD'S SCHEME AND TAXATION REFORMS
(i) National Tax Card/Number Scheme may be introduced in replacement of
National Identity Card/Number Scheme and every adult citizen male or female should be
required compulsory to obtain a National Tax Card and number from his/her district of
domicile/origin and this system should be computerized with a national net-work.
(ii) The National Tax Card/Number should be required for the purpose of
identification/ employment / admission (in case of adults), passport, driving licence for
sale/purchase, of land / property / vehicle(s) / machineries / T.V.(s) / V.C.R.(s) /
Dish(s)/ Refrigerator(s)/Air conditioner(s) and for the purpose of registration(s) of
Nikah(s)/marriage(s) and for the purpose of casting votes/lodging of F.I.R. (s) and for
the purpose of application(s) for telephone(s)/ gas/ electricity connection(s).
(iii) Every citizen (rural or urban) who having an income of Rs.
36,000/- per annum or above is required to pay income tax at the rate of 10% per annum and
the minimum wage(s) or salary of a person should be declared as Rs. 3,000/- per month.
(iv) Every adult citizen including low income persons)/ unemployed/
house wives/ students (if adult) holding a National Tax Number or Card should be required
to file annual return(s) declaring all assets/ properties / and sources of income(s) (if
any) and purchases in their name(s) showing their annual income if it is below than Rs.
36,000/per annum or NIL.
(v) The National Identity card scheme should be merged in the National
Tax card/number scheme. This new scheme will increase the tax base and the number of tax
payers will be increased and it is estimated that the tax payers will be 25 millions in
new system and National Exchequer can earn about Rs. 125 Billions per annum on account of
income tax from the New Income tax payers, and the one year revenue from the direct income
tax from the new tax payers is equal to the whole stuck-up bank's loans. Saalim
Salam Ansari, Advocate
(The Author is a Prominent Economist, Practicing Banking Lawyer and
author of various books on Economics, Law & Banking.)
Dr. Asif's Call to BOP Employees
The Acting Chairman/Managing Director of the Bank of Punjab Dr. Asif
Hafeez Shaikh has called upon the Bank Officers to work strenuously, dedicatedly and
honestly for the progress of the Bank to achieve the highest profit in the history of the
He was addressing the trainees after inaugurating a two month training
course in general banking at the Officer's Training Institute in Lahore.
He said the Bank of Punjab is not only a commercial bank but also an
institution rendering useful services to the Nation in important sectors viz Agriculture,
Industries, Urban Transport, business and trade. It has provided loans to small farmers to
the tune of Rs. 53 million under the Kissan Dost Finance Scheme. The rate of recovery of
loans under this scheme is 100%.
The Bank provided loans of Rs. 481.9 million under the Green Tractor
Scheme for boosting agricultural production and released loans of Rs. 330 million to
indigent applicants under the Prime Minister's Self Employment Scheme for the Youth.
Similarly it is the only Bank which has provided services to the poor
and needy under the Prime Minister's Food Stamp Scheme. It has also played a pioneering
role for the success of Lahore Urban Transport System by providing loan of Rs. 200
Earlier, the Principal, Mr. William John welcoming the new trainees
advised them to imbibe in themselves, the qualities of discipline, punctuality and mutual
cooperation to achieve optimum results.
Dr. Asif Hafeez Shaikh, Acting Chairman/M.D. the Bank of Punjab
addressing the Bank officers after inaugurating general banking course at Training
CALTEX- GERRY'S JOINT INDEPENDENCE DAY PROMOTION
Caltex Oil (Pakistan) Limited has joined up with Gerry's Travel for a
super duper Independence Day offer for the Nation, from August 6-14, 1999. Customers can
win air tickets to Skardu, by just filling up their cars with Caltex's superior quality
fuel. This offer is available at 30 Caltex Service Stations in Karachi, Lahore, and
Islamabad / Rawalpindi.
Customers receive a coupon on every 10-litre fillup and can drop them
at any of the participating service stations. These coupons will be included in 7 lucky
draws and each winner will receive two return air tickets to Skardu from the above cities.
All participating Stations look very attractive, with their colorful
banners and A-boards. This promotion is definitely going to be very successful and will
also add to the festivity of the occasion.
RUSSIAN CONSUL GENERAL VISITED KCCI
Mr. Yuri Materiy, Consul General of the Russian Federation, called on
Mr. Javed Muslim President, Chamber of Commerce & Industry, Karachi, today and
discussed matters of mutual interest.
Mr. Yuri Materiy stressed that enhancement in the interaction of the
private sectors of the two countries, especially in the trading sector, would help
increase the level of economic cooperation. He was of the view that the mega projects,
which are usually at the government level, are not much effective in opening up the vistas
for broadening the base of commercial and economic relations in the private sector.
He, recalling the recent visit of the Prime Minister of Pakistan to
Russia, hoped that the economic cooperation agreement signed on the occasion would go a
long way in strengthening the trade and economic relations between the two countries. The
formation of joint ministerial committee, which is an integral part of the agreement, will
help bridge the communication gap between the businessmen of the two sides in a big way,
he added. "A memorandum of understanding, signed between FPCCI and Russian Federation
of Chambers of Commerce and Industry, would greatly contribute in the promotion of two way
economic and commercial relations", he a hoped.
The Consul General also proposed to initiate groundwork for the
identification of potential sectors, which may be explored for the
mutual benefit and offered the services of his office in this regard.
Mr. Javed Muslim, KCCI President, said that two countries could benefit from each other
through joint collaborations in various fields, including heavy machinery, automobiles,
power generation, etc. Commenting on the two-way trade, he pointed out that it depicted a
see-saw type balance. "Meanwhile, the low volume of trade highlighted the untapped
potential for increasing trade between the two countries", he said.
He said that the list of Pakistani exports to Russia was limited to
only a few items like Cotton, Textiles and Leather and imports into Pakistan from Russia
were mostly related to infrastructure development items.
Mr. Abdul Sami Khan, Chairman, Law & Order Sub-Committee, Capt. A.
Moiz Khan, Chairman, Local Bodies & Octroi Sub-Committee, Mr. Habib-ur-Rehman,
Chairman, Banking Sub-Committeeand Mr. M. Nazir Ali, Secretary were also present on the
Companies in Pakistan need pubblic relations than ever before
There is an urgent need for the use of strategicc public relations
practices in companies in pakistan than ever before, the facct that we find ourselves in
one cirisis after another wothout really solving the core issues.
It was stated, by Menin Rodrigues, conssultant and senior executive
vice president of Hill and Knowlton's Pakistan affiliate Asiatic Public Relations Network
(APR) while addressing the final year students of Mass Communication of the Karachi
In an iinter-active lecture and discussion with the under-graduates,
Menin emphasized the need for public relations in many sphres of national and private
enterprises. He spoke about the confrontational issues facing many government
organizations and civic agencies and vehemently urged the students of mass communication
to usher in a new era of publicizing issues to bbring about truth and openness in solving