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. Read more »

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. Read more »

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. Read more »

Sales Tax Act 1990: ownership transfer of taxable activity

KARACHI: The sales tax law has explained application of sales tax on taxable activity or transfer of ownership. Read more »