KARACHI: Every banking company shall collect withholding tax under Section 151(1)(b) of Income Tax Ordinance, 2001 from persons receiving profits on their deposits maintained at respective banks.
January 18, 2019
ISLAMABAD: Prime Minister Imran Khan on Friday chaired a meeting to review progress on China Pakistan Economic Corridor (CPEC).
KARACHI: Pakistan Tax Bar Association (PTBA) on Friday requested Finance Minister Asad Umar to withdraw Section 182A of Income Tax Ordinance in the forthcoming Supplementary Finance Bill, 2019 to encourage the potential taxpayers to pay…
KARACHI: The benchmark KSE-100 index gained 63 points on Friday in mixed trading activities.
KARACHI: The Pak Rupee strengthened against dollar by five paisas on Friday on narrowing current deficit.
KARACHI: The board of directors of K-Electric – the power supply company – has appointed Ikram Sehgal as Director and Chairman of the company.
KARACHI: Canadian Deputy High Commissioner Ms. Wendy Gilmour on Friday said that Canada and Pakistan have potential to further grow trade relations.
KARACHI: The government has agreed to abolish withholding tax on cash withdrawal from bank accounts by filers in order to encourage ease of doing business.
KARACHI: Colgate-Palmolive (Pakistan) Limited has announced that it will deposit the amount of unclaimed shares and unpaid dividend to the national kitty.
KARACHI: The Pak Rupee gained two paisas against dollar in early trade on Friday due to lower demand for import payment.
ISLAMABAD: The government may allow late filers of income tax returns to get their names into the Active Taxpayers List (ATL), which is mandatory for availing reduced rate of withholding tax.
ISLAMABAD: The finance ministry on Thursday said that transfers to Sindh government have been made as per NFC formula.