Federal Minister for Finance Mr. Ishaq Dar called on Prime Minister Muhammad Nawaz Sharif at PM House today.
The Finance Minister briefed the Prime Minister about his visit to China, signing of AIIB Articles of Agreement and meetings with heads of financial institutions including Exim Bank
Finance Minister also apprised the Prime Minster about agreement reached with traders associations/members of business community regarding adjustment in withholding tax from 0.6% to 0.3% and other FBR related matters.
The Finance Minister solicited in principle approval from the Prime Minister for issuance of ordinance on adjustment of withholding tax.
Advice on issuance of ordinance has been sent to the President. The Ordinance on withholding tax, after approval of the President, shall come into force w.e.f Saturday 11th July 2015.