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VIEWPOINT: Of dignity and pride

Published on April 17, 2014According to our commentariat and chattering classes, the Army is very, very angry because of their ex-chief General Pervez Musharraf being pushed around by 'bloody civilians'. CoAS General Raheel Sharif has been under pressure from his men, we are told, to do something about the high treason trial of General Musharraf and save their collective honour. Which is where his much discussed comments delivered during a speech at the Ghazi Base, and duly reported by the ISPR, are supposed to have come from. Said he, "Pakistan Army upholds the sanctity of all institutions, and will resolutely preserve its own dignity and institutional pride."Read full story

Legality of withholding of sales tax refunds

Published on April 17, 2014A claimant who was engaged in the manufacture and subsequent export of textile products filed application for refund of his input tax. In order to produce these marketable goods he uses different materials. These raw materials are known as inputs which are consumed for the production of marketable goods.Read full story

Bonds shine again as Great Rotation gives way to Asset Reflation

Published on April 17, 2014Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling US tech stocks furiously. In an investment world so used to the concept of 'risk on' or 'risk off' over recent turbulent years, the behaviour was puzzling. So what happened?Read full story

Partly Facetious: Burden of proof resting on prosecution

Published on April 17, 2014"The burden of proof rests with the prosecutors."Read full story