Business
Business
Govt likely to double WHT on cash withdrawals
The government may double the already high withholding tax on cash withdrawal from banks by currency exchange companies, as infighting…
Pakistan, Tajikistan deliberating fibre optic cable link
The Central Asia-South Asia 1,000-megawatt (Casa-1,000) power supply project is expected to pave the way for connecting the two regions…
FBR plans to tax pension funds, non-profit orgs
In a seismic policy shift, the Federal Board of Revenue (FBR) has proposed the imposition of tax on the income of various funds…
Govt plans to impose 10% tax on milk
The government is set to drop a second "white bomb" on the nations' children within a year, as it is…
‘BCCI did not collapse, it was forcibly shut down’
The story of the meteoric rise and fall of the BCCI – one of the largest global banks in the…
Taking Stock: PSX in talks with Qatar, Istanbul exchanges
Pakistan Stock Exchange (PSX), which is seeking a strategic foreign investor, has had “serious interest” being shown Turkey and Qatar…
Textile, leather goods: FBR proposes hefty increase in sales tax
Islamabad: The government may double sales tax on domestic sale of textile and leather products and could withdraw exemption from 5%…
Developers, builders may face special tax from next fiscal year onwards
The big property developers and builders who are making billions of rupees but paying peanuts in income tax may start…
Pakistan spends $4b a year on cotton imports
Islamabad: Pakistan is spending $4 billion a year on cotton imports to support its textile industry, after erratic rainfall hurt growers…