"A simple and steady tax return submis­sion system, announ­ced for Islama­bad, should be extend­ed to the entire countr­y"KARACHI: A simple and steady tax return submission system, announced for Islamabad, should be extended to the entire country, said Korangi Association of Trade and Industry (KATI) President Danish Khan, according to a statement released by the association. Khan said the government should announce a special development package for Karachi, where the industry was facing severe infrastructural issues. He welcomed the measures announced by the government to reduce income tax on bank loans for small and medium enterprises (SMEs) and the agriculture sector, and the withdrawal of withholding tax on bank transactions for filers of tax returns. KATI Patron-in-Chief SM Muneer said the announced measures for promoting industrial production, exports and investments in the country reinforced confidence of the business community. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Source: The Express Tribune January 25, 2019 03:56 UTC