Tuesday, 12 March 2013 00:46
Posted by Imaduddin
LAHORE: Security Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Monday stressed the need for facilitating corporatization, as currently taxation regime was in favour of non-corporate entities that pay 10 percent income tax than corporate sector.In a meeting with economic reporters arranged by Lahore Economic Journalist Association (LEJA) here, he said that sole proprietors of firms and partnership concerns were taxed at 25 percent and they were exempt from audit, while listed companies pay 35 percent income tax on their income but subject to stringent audits by the regulators, while, it was other way round in developed world. The SECP Chairman said, Pakistan had done yet a lot for development of corporate sector, citing that UK with less than half Pakistan's population had two million registered companies with 300,000 new companies being registered every year."In Pakistan there are only 61,000 registered companies against three million businesses as per State ...
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LAHORE: Security Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Monday stressed the need for facilitating corporatization, as currently taxation regime was in favour of non-corporate entities that pay 10 percent income tax than corporate sector.In a meeting with economic reporters arranged by Lahore Economic Journalist Association (LEJA) here, he said that sole proprietors of firms and partnership concerns were taxed at 25 percent and they were exempt from audit, while listed companies pay 35 percent income tax on their income but subject to stringent audits by the regulators, while, it was other way round in developed world. The SECP Chairman said, Pakistan had done yet a lot for development of corporate sector, citing that UK with less than half Pakistan's population had two million registered companies with 300,000 new companies being registered every year."In Pakistan there are only 61,000 registered companies against three million businesses as per State ...
ISLAMABAD: The prices of fruits and vegetables have increased in the local market as well as in the weekly bazaars of Fedeal Capital.
According to the rate list issued by the Capital Development Authority, Directorate of Municipal Administration (DMA) for Sunday weekly bazaar, the prices of fruits and vegetable registered an increasing trend.
Apples were sold at Rs 40 to Rs 100 per kilogram, bananas Rs 60 to Rs 120 per dozen, 'kinu' Rs 40 to Rs ...
IQBAL MIRZAKARACHI: With the introduction of seedless variety, Pakistan’s kinnow exports are expected to grow to $1 billion extra. Currently, world citrus market is around $2.135 billion, in which, Pakistan’s share has remained around 2.5 per cent, according to a statement issued by the Chief Executive Officer Harvest Tradings, Ahmad Jawad.He said the country is losing kinnow market in European Union due to excessive seeds, as buyers seek seed-free fruit for easy eating but we ...
TAHIR AMINISLAMABAD: Prices of most of the essential kitchen items including tea, formula milk and some vegetables registered upward trend during the last week as compared to the proceeding week, reveals a survey conducted by Business Recorder here on Saturday.Traders and wholesalers in different markets of the twin cities of Rawalpindi/Islamabad told this correspondent that government increased sales tax on tea from five to 16 percent and resultantly the traders passed on the effect to ...
ISLAMABAD: Fruits and vegetable prices have increased in the local market as well as in the weekly bazaars of the capital city.According to rate list issued by Capital Development Authority, Directorate of Municipal Administration (DMA) for Friday weekly bazaar, the prices of fruits and vegetable have registered increasing trend.Rates of weekly bazaar, apples are being sold at Rs40 to 100 per kilogram, bananas Rs60 to Rs120 per dozen, 'kinu' Rs40 to Rs100 per dozen, guava ...
