Friday, December 10, 2004
No Tax on Overseas Pakistan Gifts Soon
The government has decided to remove income withholding tax on gifts sent by the overseas Pakistanis to friends and families.
At present, the government levies 6 per cent withholding tax on these gifts. Previously gifts below the cost of Rs 1,000 were not taxable. The government raised the limit of non-taxable gifts to Rs 10,000, while …
Pakistani Band to Fuse Peace in Indian Concert
Music for a noble cause, and this year, it’s not just a journey beyond barriers, but beyond borders, too. On December 23, the St Xavier’s College grounds will reverberate with the beats of Strings — the duo of Faisal Kapadia and Bilal Maqsood from Pakistan, MTV veejay-turned-singer Sophiya and popstar Shibani.
“It’s an effort to bring …
Pakistan Set for Bumper Rice Crop
The devaluation of the Pakistani rupee by 4-5 per cent since July has boosted the interest of prospective African buyers of rice, traders say. A surge of orders is expected from the second half of this month and it could not come at a more opportune time for Pakistan’s rice farmers. They expect to produce …
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