National
May 25, 2021
ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget.
On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting. All three chambers were unanimous in their demand that this turnover tax should be imposed on the basis of profits instead of turnover, but the government indicate
Zubair Tufail, Zafar Bakhtawari Elected President And Secretary General United Business Group urdupoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from urdupoint.com Daily Mail and Mail on Sunday newspapers.
Farida, 50, a housemaid, insists on taking a 15-day break in Ramazan even if it means sacrificing half of her monthly salary. Ignoring pandemic warnings, she is all set to scout across the city to capitalise on the generosity of her past employers and check distribution points of charities.
“It takes stamina to run around and patience to wait in long queues. For the persistent ones, the end justifies the trouble. I collect edibles, clothes and cash collectively worth more than my two-month salary enough to afford some festivity at Eid,” she told Dawn.
Farida, a widow is a mother of seven and grandmother of 12. Her husband, a construction worker, fell from a multi-storey and died a long time back. Only one of her three sons works as a kabari (trash dealer). One son died in a road accident and the eldest is mentally unstable. Three of her daughters are married. She supports the widow and two kids of her son, her firstborn and an unmarried daughter.
by Khalid Aziz
ISLAMABAD, Apr. 22(Gwadar Pro) - A delegation of Chinese investors from Sichuan province met officials of the Federation of Pakistan Chamber of Commerce and Industry in Islamabad, FPCCI said on Thursday.
The Chinese investors expressed their desire to invest in mines and minerals sectors as well as small power projects in Pakistan.
The delegation included Li Qi, Ma Xiao Ping, Zhao Wen Guang, and a lady investor Liu Ping. Mushtaq Hussain of the Gilgit Chamber was also present at the occasion.
Qurban Ali, head of the FPCCI Islamabad office assured the visiting delegation of their full support in the identification of potential investment opportunities and procedural formalities. He said that Pakistan had broad investment potential in the fields of mines and minerals, hydropower, agriculture, tourism, construction, and industry.