Daily Archives: April 3, 2017

SRB extends date for payment of workers’ participation fund up to April 15

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KARACHI: Sindh Revenue Board (SRB) has extended the last date for payment of Sindh Workers’ Participation Fund up to April 15, 2017.

Budget Proposals 2017/2018: 50 percent reduction in advance tax on brokerage commission proposed

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KARACHI: Pakistan Stock Exchange (PSX) has recommended 50 percent reduction in advance tax payable by stock brokers on commission earned on sale or purchase of shares.

Budget Proposals 2017/2018: changes to CGT regime recommended with three tiers holding periods

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KARACHI: Pakistan Stock Exchange (PSX) has said that frequent changes in capital gain tax regime has negative impacted the foreign institutional portfolio investment (FIPI) as foreign investment amounting $414.4 million has been withdrawn from the capital market during July 01, 2017 to February 21, 2017.