Prime Minister Nawaz Sharif Saturday approved an advice of reducing withholding tax from 0.6 percent to 0.3 percent on banking transactions.
Finance Minister Ishaq Dar called on the prime minister and apprised him about reaching the agreement with the traders associations and business community regarding adjustment in withholding tax.
The advice has now been sent to the President for promulgation of the ordinance in this regard.
Dar also briefed Sharif about his recent visit to China, signing of agreement with the Asian Infrastructure Investment Bank and meetings with Heads of financial institutions including Exim Bank
