Tag: Exemption

Federal Board of Revenue (FBR) has allowed withholding tax (WHT) exemption on sales made by growers of agricultural produce; on incidental expenses incurred by...

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday demanded total exemption from power and gas load shedding to help strengthen the...

Lahore High Court (LHC) Justice Mahmood Maqbool Bajwa on Saturday dismissed Doctors Hospital General Manager (GM) Ziaul Hassan Bokhari’s application seeking exemption from personal...

Federal budget 2010-11 has started reaping consequences. Traders have already increased prices of daily consumables, despite the fact that changes made in the federal...

The Sindh government has offered a special economic zone in the province to Korean investors with incentives and tax exemption. The provincial government disclosed...

LAHORE - Pakistan Autoparts Manufacturers and Exporters Association (PAMEA) Chairman Tahir Javaid Malik has urged the government to do away with Withholding Tax (WHT) on exports of engineering industry claiming the sector has immense potential to drag the country out of its economic malaise.
Malik said that section 154 of the Income Tax Ordinance, 2001 deals with withholding income tax on exports, which is to be deducted by the authorised dealers in foreign exchange at the time

LAHORE - The federal government, vide its notification on the last day of 2010, has withdrawn the exemption from 3.5 percent withholding tax on the purchase of agriculture produce.
Through this waiver of exemption flour, sugar, pulses and ghee will become costly and the prices of every such product will increase in which agriculture produce is used as a raw material.
Tax expert Shahid Jami has strongly criticised the governmental decision and has said that policy makers

LAHORE: Pakistan Cricket Board has filed an appeal with the Federal Board of Revenue seeking an exemption in income tax when the amendment in the second schedule of the Income Tax Ordinance 2001 comes into force. PCB chairman Ijaz Butt took up the matter with Prime Minister Syed Yousuf Raza Gillani during a reception in honour of the Pakistan women cricket team that clinched the gold medal in the Asian Games.
Now it has been learnt the PCB has formally asked the FBR to consider

PESHAWAR: The provincial legislature of the Khyber Pakhtunkhwa on Friday said the provincial government had presented its reservations on the levy of reformed general sales tax (GST) and demanded a two-year exemption for the province.
This was stated by Information Minister Mian Iftikhar Hussain in the Khyber Pakhtunkhwa Assembly in response to the demands by PML-N legislators for tabling a joint resolution against the GST Bill.
Three legislators of PML-N, Javed Abbasi,

LAHORE
Lahore High Court (LHC) Justice Chaudhry Iftikhar Hussain on Wednesday turned down the request of Abdul Manan, reporter of an English daily newspaper, for exemption from personal appearance on a petition seeking recovery of a missing doctor of the Jinnah Hospital. Manan had filed a story about the abduction of Dr Ali Abdullah by secret agencies personnel for his alleged involvement in terrorist activities. The court had asked the reporter to tell the story's source but he