In its meeting on Wednesday, the Senate Standing Committee on Finance also rejected the government’s proposal to allow non-filers of income tax returns to buy up to 1,300 cc cars. The government also mishandled the standing committee proceedings, like it did in the National Assembly by proroguing the budget session without conducting open debate. But the standing committee did not accept these explanations and rejected the amendment with 4-2 majority. Franchises taxThe standing committee also rejected the government proposal to abolish 10% advance tax being collected from franchise owners of the PSL. But the committee termed the proposal non transparent and an attempt to facilitate Ali Tareen who owns Multan Sultan.

Source: The Express Tribune January 31, 2019 03:33 UTC