Pakistani captain Shoaib Malik plays a shot during the Super League Asia Cup match between Pakistan and Sri Lanka.
Pakistani captain Shoaib Malik plays a shot during the Super League Asia Cup match between Pakistan and Sri Lanka.
Pakistani captain Shoaib Malik plays a shot during the Super League Asia Cup match between Pakistan and Sri Lanka.
Pakistani captain Shoaib Malik plays a shot during the Super League Asia Cup match between Pakistan and Sri Lanka.

Odds are stacked for Pakistan


Paul Radley
  • English
  • Arabic

KARACHI // The Pakistan coach Geoff Lawson has warned that Shoaib Malik will be risking his health if he plays against India today. Malik, the Pakistan captain, suffered dehydration in his side's first meeting with India. He was on a drip the evening before the game against Sri Lanka two days later, yet played on and even scored a half-century. He has not trained since, and will only be back if the team doctor gives him the go-ahead. "His hotel room is like a hospital ward and when he came off the field against Sri Lanka he was very ill," said Lawson.

"It is not something to joke about, athletes have died of dehydration so we can't take a risk with his health. Only the doctors will decide." The game is a crucial one for both Malik and Lawson. Despite his bravery, the captain has suffered severe criticism for his leadership during the Asia Cup. Defeat is likely to spell the end of an ill-fated stint for Lawson. He was forced to give a letter of apology to the Pakistani press corps, who walked out in disgust at his conduct in a press conference following their loss to Sri Lanka on Sunday.

The Pakistan Cricket Board are said to be losing patience with the abrasive Australian. In contrast, Lawson's counterpart Gary Kirsten was afforded good news yesterday when Irfan Pathan was passed fit to return following his side strain. Kirsten said: "Irfan has worked very hard with the trainer for the last few days to make a comeback and his availability is a definite plus point for us." Pakistan have to win today to stand a faint chance of reaching Sunday's final. Even then they would still be reliant on Bangladesh causing a major shock and upsetting India in the final Super Four match on Friday.

@Email:pradley@thenational.ae

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

THE SPECS

Engine: 4.4-litre V8

Transmission: eight-speed automatic

Power: 523hp

Torque: 750Nm

Price: Dh469,000

City's slump

L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

MATCH INFO

Manchester United v Everton
Where:
Old Trafford, Manchester
When: Sunday, kick-off 7pm (UAE)
How to watch: Live on BeIN Sports 11HD