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Abolition of 12 WHTs to dent revenue by Rs15bln annually

Abolition of 12 WHTs to dent revenue by Rs15bln annually July 6, 2021 ISLAMABAD: In a bid to provide relief to people, the government has abolished 12 Withholding Taxes (WHTs) through Finance Act 2021-22; however, this move is likely to cause Rs15 billion revenue loss annually, The News has learnt. The government has removed WHTs on banking transactions, air travel, stock exchange, CNG stations, petroleum products, international debit credit card transactions, and extraction of minerals. In t...
Technology Zone Finance Act Income Tax Special Economic Zones Special Technology Zone Income Tax Law

New Technology Park in Islamabad to Create Thousands of Jobs

New Technology Park in Islamabad to Create Thousands of Jobs The Special Technology Zones Authority (STZA) and Rapidev DMCC signed a Memorandum of Understanding (MoU) to establish a Technology Park in Pakistan’s first Special Technology Zone (STZ) in Islamabad, a state-of-the-art development that will facilitate a high-tech business environment. The signing ceremony was held in Islamabad and attended by members of both the organizations, technology sector professionals, and government officia...
Aamer Hashmi Wajid Gulistan Engineering Corporation Passion Technology Park Technology Parks Technology Zones Authority

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