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Pakistan heading towards economic stability, says prime minister Khan

Pakistan heading towards economic stability, says prime minister Khan

PAKISTAN prime minister Imran Khan said the country is moving towards economic stability and called for ease of doing business for investors.

“As the country at the moment is moving towards economic stability, investment is the most important factor in sustaining this stability and achieving rapid economic growth,” he said, while presiding over a ministerial meeting on Thursday (10).


Khan directed all federal ministries and provincial governments help promote investment and achieve targets.

The Board of Investment (BOI) secretary briefed the meeting about the measures taken to remove hurdles in the way of trade and investment.

These included amendments to laws, ease in the tax collection system and easy procedures to secure no-objection certificates (NOCs) from various departments.

In a separate meeting with a delegation of foreign investors, Khan said the government’s pro-investor policies led to the revival of investors’ confidence.

Enhanced investment in multiple sectors also led to the creation of job opportunities and economic development in the country, he added.

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Italy flat tax wealthy Britons

Italy’s 2017 scheme lets eligible new residents avoid foreign income tax by paying a flat annual fee

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Wealthy Britons swap Dubai for Milan under Italy's £259,620 flat tax regime

Highlights

  • Milan emerges as top choice for wealthy UK nationals leaving UAE.
  • Italy's flat tax allows foreign residents to pay €300,000 annually on overseas income.
  • Property prices in Milan surge 38 per cent over five years.
Milan has become the preferred destination for wealthy British expatriates abandoning Dubai following growing tensions in the Gulf region, with Italy's attractive flat-tax regime drawing the global elite away from the UAE.

Super-rich UK nationals are increasingly choosing the Italian financial capital over Dubai, attracted by a tax structure that allows foreign residents to pay just €300,000 (£259,620) yearly on all overseas earnings, a negligible sum for the ultra-wealthy.

Armand Arton, who advises multimillionaire families on relocation, explains the shift. "Italy has the best benefits: a flat tax and good quality of life," he told The Guardian.

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