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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 totality, the government slapped additional taxes of Rs116 billion Income Tax through Finance Act 202...

The government is presenting the next fiscal year's budget with a total outlay of over Rs. 8 trillion. Unveiling the federal budget for FY22, finance

ISLAMABAD: The Special Technology Zones Authority and Rapidev DMCC have signed a memorandum of understanding to establish a technology park in Pakistan’s first Special Technology Zone in...

The State-of-the-Art Technology Park in Islamabad Special Technology Zone (STZ) will Generate Revenue of $200 Million and Create 5,000 New Jobs in the Next Five Years.

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 officials. According to the MoU, both the organizations will work together to achieve high-tech industrial ...