Withholding tax rates on profit on banking deposits

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. Read more »

Prime Minister reviews progress on CPEC

ISLAMABAD: Prime Minister Imran Khan on Friday chaired a meeting to review progress on China Pakistan Economic Corridor (CPEC). Read more »

PTBA calls for including late filers into Active Taxpayers List by deleting Section 182A

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... Read more »

KSE-100 gains 63 points in mixed trading

KARACHI: The benchmark KSE-100 index gained 63 points on Friday in mixed trading activities. Read more »

Rupee strengthens on shrinking current account deficit

KARACHI: The Pak Rupee strengthened against dollar by five paisas on Friday on narrowing current deficit. Read more »

Ikram Sehgal appointed as K-Electric new chairman

KARACHI: The board of directors of K-Electric – the power supply company – has appointed Ikram Sehgal as Director and Chairman of the company. Read more »

Canada, Pakistan have potential to further grow trade ties

KARACHI: Canadian Deputy High Commissioner Ms. Wendy Gilmour on Friday said that Canada and Pakistan have potential to further grow trade relations. Read more »

Govt. agrees to abolish withholding tax on cash withdrawal: KCCI

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. Read more »

Colgate-Palmolive to deposit unclaimed dividend amount to national kitty

KARACHI: Colgate-Palmolive (Pakistan) Limited has announced that it will deposit the amount of unclaimed shares and unpaid dividend to the national kitty. Read more »

Rupee gains two paisas in early trade

KARACHI: The Pak Rupee gained two paisas against dollar in early trade on Friday due to lower demand for import payment. Read more »

Late return filers may be allowed entry into ATL

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. Read more »

Sindh government gets share as per NFC formula: finance ministry

ISLAMABAD: The finance ministry on Thursday said that transfers to Sindh government have been made as per NFC formula. Read more »