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'No budget is perfect' - Newspaper

‘The industry is disappointed that most of the recently withdrawn tax exemptions at the behest of the International Monetary Fund ....

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Special report: Breaking down the budget for the new fiscal year - Business

Special report: Breaking down the budget for the new fiscal year - Business
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Islamabad Capital Territory , Saudi Arabia , United Arab Emirates , Mohiuddin Aazim , Mali Islam , Abdul Aleem , Afshan Subohi , Arif Habib , Imran Khan , Arshad Zaman , Ishrat Husain , Shaukat Tarin , Nasir Jamal , Ishrat Hussain , Farrukhh Khan , Hafeez Shaikh , Mahbubul Haq , Mutaher Khan , Ahmad Fraz Khan , Khaleeq Kiani , Fatimas Attarwala , Khalid Khokhar , Muhammad Ahmed , Muhammad Kamran Nasir ,

Budget special: Breaking down the budget for the new fiscal year - Business

The special edition of Business and Finance breaks down and looks at the impact of the govt's budget. ....

United States , United Kingdom , Islamabad Capital Territory , Saudi Arabia , United Arab Emirates , Mohiuddin Aazim , Mali Islam , Abdul Aleem , Afshan Subohi , Arif Habib , Imran Khan , Arshad Zaman , Ishrat Husain , Shaukat Tarin , Nasir Jamal , Ishrat Hussain , Farrukhh Khan , Hafeez Shaikh , Mahbubul Haq , Mutaher Khan , Ahmad Fraz Khan , Khaleeq Kiani , Fatimas Attarwala , Khalid Khokhar , Muhammad Ahmed , Muhammad Kamran Nasir ,

Businessmen demand streamlining of tax regime

Businessmen demand streamlining of tax regime
Call for incentivising taxpayers through ease of doing business
PHOTO: REUTERS
KARACHI:
Businessmen have urged the government to streamline the complex tax regime in the budget for 2021-22 along with incentivising taxpayers through measures aimed at steering ease of doing business and ensuring filing of tax returns by all income earners.
In their budget proposals, members of the Overseas Investors Chamber of Commerce and Industry (OICCI) called for rationalisation of the minimum tax regime with the reduction in general tax rate to 0.2% for certain industries such as oil refining and oil marketing companies.
“The final tax regime should be abolished and all withholding taxes should be adjusted,” said OICCI President Irfan Siddiqui in a statement on Wednesday. “The Federal Board of Revenue (FBR) should ensure that those who are subjected to withholding taxes file regular tax returns.” ....

Abdul Aleem , Irfan Siddiqui , National Database , Registration Authority , Investors Chamber , Overseas Investors Chamber , Federal Board , General Abdul Aleem , Afghan Transit Trade Agreement , அப்துல் அலீம் , இர்பான் ஸிடீக்வி , தேசிய தரவுத்தளம் , பதிவு அதிகாரம் , முதலீட்டாளர்கள் அறை , ஓவர்‌ஸீஸ் முதலீட்டாளர்கள் அறை , கூட்டாட்சியின் பலகை , ஜநரல் அப்துல் அலீம் ,

Foreign investors spend Rs16bln on CSR in 2019-20

Business
January 14, 2021
KARACHI: Foreign investors have spent Rs16 billion in Pakistan on corporate social responsibility programmes during 2019-2020, Overseas Investors Chambers of Commerce and Industry (OICCI) report showed.
The annual CSR Report 2019-2020 showed that about half of OICCI members invested about Rs8 billion collectively on CSR-related activities, excluding the amount spent on Covid-19. The members reached out to around 62 million direct beneficiaries throughout Pakistan, OICCI statement said.
In addition to monetary contributions, the CSR activities of OICCI members included investment of their employeesâ time in different value-adding social activities across Pakistan with the underlying commitment to uplift the underprivileged strata of the society during these trying times. ....

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