April 25, 2024

Pkrevenue.com

Pakistan Revenue

Day: May 5, 2019

PSX proposes reducing withholding tax to 2.5pc on income from margin financing transactions
May 5
2019-2020, Budget, Stock & Commodity

PSX proposes reducing withholding tax to 2.5pc on income from margin financing transactions

KARACHI: Pakistan Stock Exchange (PSX) has recommended the tax authorities to reduce the withholding tax to 2.5 percent from 10 percent to develop the market and increase tax collection. In its budget proposals for 2019/2020, the stock market said that the proposed reduction in the rate of tax on margin financing transactions would help develop […]

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Commercial importers destroying domestic industry: PBC
May 5
2019-2020, Budget, Trade & Industry

Commercial importers destroying domestic industry: PBC

KARACHI: Pakistan Business Council (PBC) – the advisory forum of large corporate entities – has said that commercial importers are involved in massive under-invoicing and they are destroying the domestic industry. In its budget proposals for 2019/2020, the PBC recommended measures for documentation of economy to providing level playing field for domestic manufacturing. The PBC […]

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Utility Stores Corporation implements Ramazan Package ahead of fasting month: RM Javed Khan
May 5
Exclusive, National

Utility Stores Corporation implements Ramazan Package ahead of fasting month: RM Javed Khan

KARACHI: Utility Stores Corporation (USC) has implemented subsidized rates under Ramazan Package announced by the government to provide relief the masses during the holy month, a top official said on Sunday. “The reduced rates have been implemented across the country from May 03, 2019 around three or four days ahead of Ramazan,” said Muhammad Javed […]

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