The thumping victory for Mr Mahmoud Abbas in Sunday's presidential election means that the Palestinians in occupied territories and East Jerusalem have voted for peace.
The way the poll was conducted under the watchful eyes of over 500 American and European observers - with no violence reported from anywhere - has belied those in Israel and elsewhere who believed that democracy did not suit the Arab genius.
Mr Abbas has secured over 62 per cent of the popular vote as against 19.8 per cent bagged by the closest of his six rivals, Mr Mustafa Barghouti, who has conceded defeat. The turn-out was 66 per cent, according to preliminary official results, with polling held in a free and fair manner.
This is despite the fact the Islamists led by Hamas had boycotted the poll but promised not to obstruct the process. Former US president Jimmy Carter and Senator John Kerry were among the international observers present in Palestine to monitor the election.
Mr Abbas went to the press on Monday morning, urging Hamas and other militant organizations in the occupied territories to lay down arms and refrain from attacking Israeli targets.
It is heartening to note that Hamas was quick to respond to this request, saying it would cooperate with the popularly elected leader. By voting for Mr Abbas, the Palestinians have put the ball firmly in Israel's court.
It is now the responsibility of the US to ensure that Israel does not drag its feet with regard to restarting the stalled peace process and that it begins a dialogue with the elected Palestinian leader. To begin with, Tel Aviv must be asked to withdraw its troops from Gaza and parts of the West Bank immediately.
Tax reforms
Prime Minister Shaukat Aziz's promise in a recent statement to continue reforming the tax collection machinery is reassuring. He said that the tax collection system could be made more efficient and transparent through reforms.
However, these reforms should include simplification of procedures, automation of the tax system and restricting the contact between taxpayers and tax officials for them to be meaningful.
The move coincides with the government's plans to double Pakistan's current tax base to 2.4 million taxpayers. However, any move to widen the tax base must also include giving autonomy to the CBR in respect of its financial and administrative functions so that it can carry out its own recruitment, postings and transfers and devise its own policies.
An integrated approach should be adopted in this working of the CBR, making it more efficient and effective. A broader tax base can result in reducing the tax rates as well as withdrawing surcharges from utility bills.
The limited number of taxpayers has meant that the government has increasingly relied on indirect taxes to raise revenues in the past. However, the idea of generating revenue through customs duties and tariffs is fast dwindling globally.
This is as a result of lower tariff rates as envisaged by Pakistan in recent years. The present government tried to increase tax revenues from other heads but this has not yielded much.
While tax rates have been reduced and rationalized, a massive drive was launched a few years ago to enlarge the tax base and contain tax evasion but in the face of massive resistance from shopkeepers the objective failed to materialize.
Neither was the tax base significantly widened nor tax evasion effectively prevented. This may well be because the core of this problem lies not in the taxpayers or in the tax system but more in the tax collection machinery, the CBR, which must be reformed and strengthened.