News
Pakistan’s agricultural tax higher than India, B’desh, Lanka
The Institute of Cost and Management Accountants of Pakistan (ICMA) has raised concerns over the enforcement of the newly introduced agricultural income tax, citing outdated land records, fluctuating farm incomes, and weak tax collection mechanisms as major obstacles.
In its latest ICMA Economic Intelligence report, the institute noted that the tax, implemented under International Monetary Fund (IMF) conditions, ranges from 15% to 45%, with an additional 10% super tax on high-income landowners. This makes Pakistan’s agricultural tax rates among the highest in the region, exceeding those of India, Bangladesh, and Sri Lanka.
The report warns that the tax could burden small farmers and lead to higher agricultural product prices, fueling inflation. It also highlights political resistance as a key challenge in ensuring compliance.
To address these issues, ICMA has recommended a phased implementation, beginning with large landowners. It also urged the government to modernise land records, enhance digital tax tools, and introduce incentives to encourage compliance. (Pakistan Today)
Emeritus Professor of Anthropology Gananath Obeyesekere has passed away at the age of 95.
Latest News
Acceptance of nominations for Punakiri, Mannar and Dehiattakandiya local authorities ends at 12 noon on Thursday (27th March 2025)
The Commissioner General of Elections Saman Sri Rathnayake issuing a media release states that the acceptance of nominations for the Punakiri Pradeshiya Sabha in the Kilinochchi district, Mannar Pradeshiya Sabha in the Mannar district and Dehiattakandiya Pradeshiya Sabha in the Ampara district which commenced on 24th March will end at 12noon on 27th March 2025.
The poll notice for the three above named local authorities was published on 10th March 2025 and the acceptance of deposits for the same will end at 12noon on 26th March 2025.
The annual festival of St. Anthony’s Church on the Palaitivu Island, Jaffna was successfully held on 21 and 22 Mar 25.
Demonstrating its commitment to community and social responsibility, the Sri Lanka Navy enabled facilities for the conduct of the event and
convenience of devotees.
In accordance with the directives of the Commander of the Navy and under the supervision of the Commander Northern Naval Area, the Navy provided sea transportation for the event. Additionally, they ensured the safety and convenience of devotees by providing sanitary and medical facilities, drinking water, essential infrastructure, and deploying lifesaving teams.
The main mass of the church festival was conducted by the Vicar General of the Jaffna Diocese Very Rev. Fr. P Josephdas Jebarathnam.
This year’s event saw the participation of a gathering of priests and nuns from various regions, alongside a significant number of devotees.
The festival also highlighted the Navy’s ongoing dedication to fostering social welfare and promoting religious and cultural harmony.
(Navy Media)
Prof. Gananath Obeyesekere passes away aged 95
Acceptance of nominations for Punakiri, Mannar and Dehiattakandiya local authorities ends at 12 noon on Thursday (27th March 2025)
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