Pakistan Banks Association (PBA) has clarified that the PBA is still considering its proposals for amendments in the Seventh Banking Schedule of Income Tax Ordinance, 2001. According to a clarification of the PBA, the PBA has noted with concern over a news item "Seventh Banking Schedule of Income Tax Ord. 2011 - PBA proposes comprehensive amendments" carried by Business Recorder on Monday.
The PBA would like to notify that PBA is still considering its proposals for amendments in the Seventh Banking Schedule of Income Tax Ord. 2001. The proposals have not yet been finalised, and they have not been submitted to concerned authorities for consideration.