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Roshan Digital Accounts scheme: Tax Laws Amendments Ord 2021 promulgated


Top Story
February 15, 2021
ISLAMABAD: President Dr Arif Alvi has promulgated Tax Laws Amendments Ordinance 2021 to facilitate Roshan Digital Accounts for Non Resident Pakistanis, extending 4 percent Super Tax on banks beyond tax year 2021 for indefinite period, imposed Withholding Tax from Rs50,000 to Rs200,000 on different engine capacity on persons who sell locally manufactured cars within 90 days of delivery, offered tax exemption for electric vehicles and locally manufactured mobile devices.
The government claims that this ordinance was promulgated to facilitate businesses. It is not yet known about the revenue impact of these taxation measures but certain moves such as imposition of withholding tax and extending 4 percent Super Tax on banking sector would fetch revenues. However, facilitation measures would result in incurring tax losses. So tax experts believed that there is more incentives involved in it ....

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Roshan Digital Accounts receive $480mln in five months


Roshan Digital Accounts receive $480mln in five months
Business
February 13, 2021
KARACHI: Foreign exchange inflows under the Roshan Digital Account (RDA) have reached more than $480 million in five months, showing Pakistani diaspora’s trust on the initiative introduced to improve their financial connection with their homeland, the central bank governor said on Friday.
“Around 86,000 RDA accounts have been opened so far. We have received over $480 million from around 97 countries around the globe and $327 million have been invested in Naya Pakistan Certificates (NPCs),” said State Bank of Pakistan (SBP) Governor Reza Baqir at the launch event of the RDA initiative joined by Habib Metropolitan Bank Limited. ....

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Exclusive Interview! Pranutan Bahl on farmers' protests: Grievances must be addressed; it should be done in a peaceful manner | Hindi Movie News


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Pranutan Bahl opens up on her upcoming film, online trolling, and nepotism before taking up our Valentine s Day quiz. Read on:
Tell us about working in ‘Helmet’
‘Helmet’ has been a fantastic experience. It has been such a different role from what I ve done in ‘Notebook’. I ve always wanted to do something like that. And when ‘Helmet’ came along, I was more than happy to join such amazing actors and crew. They are fantastic. I had a blast shooting for it.
What s your take on the farmers’ protest?
I believe that grievances must be addressed. It should be done in a peaceful manner. ....

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