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Business

President SITE Superhighway Association of Industry to Karachi’s authorities to safeguard citizens

The Biz Update5 years ago1 year ago04 mins

Karachi, August 30, 2019: The SITE Superhighway Association of Industry – Karachi said on Tuesday that it is imperative for the stakeholders responsible for maintaining Karachi’s infrastructure to work together in addressing the city’s challenges. SITE Superhighway Industrial area, the hub of more than 500 large and medium sizes of industrial units, most of them…

Business

Input tax inadmissibility should be made in stages: Industry

The Biz Update5 years ago1 year ago03 mins

Karachi, July 22, 2019: Input tax inadmissibility against sales made without CNIC should be as a percentage of such sales applied in stages increasing progressively, Saud Mahmood, Chairman SITE Taxation and Trade Policy. In order to dampen the effect a major policy decision of submission of CNICs, SAI strongly recommends that input tax inadmissibility should be made in stages giving time for the…