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Army Welfare Trust (AWT) was established in 1971 as a society under the Societies Registration Act of 1860, with an initial endowment of Rs 0.7 million. [3] It became fully operational in 1977. [3] The first commercial unit of the trust was a stud farm located in Probyanabad which it received from Pakistan Army in 1972. [4] [5] [6]
The budget covers the salaries, training, and healthcare of both uniformed and civilian personnel, maintains military arms, equipment, and facilities, supports operations, and funds the acquisition and development of new arms and equipment. [2] [3] As of 2024, Pakistan’s defense budget is 1.7 percent of its GDP. [4]
In November 2023, Pakistan Post announced that it would stop paying pensions to military accounts. This amount will be transferred to the banks from December 1. The decision was taken to meet the requirements of the Financial Action Task Force (FATF) after it failed to digitize its accounts.
Tax-Aide sites might be affected by the ongoing COVID-19 pandemic, but AARP ensures that each site is run in a way that keeps everyone safe, complies with state and local laws, and takes into ...
This disclosure came after the Public Accounts Committee’s announcement that three high-ranking military generals were accountable for the losses of Rs1.8 billion in the scam involving the National Logistics Cell. Among the 88 officials charged with corruption was a high-ranking officer from the Pakistan Armed Services Board. [6]
AARP Foundation Tax Aide The AARP Tax Aide Program also offers free tax preparation to anyone, with a focus on taxpayers 50 and older who have low to moderate income. Services can be in-person ...
However, this article will only address federal tax rates and exemptions, as the specific rates and regulations surrounding state trust taxation is beyond the scope of this article. 2022 Ordinary ...
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 ...