This is to draw the attention of the government and State Bank authorities to the revised tax rate on prize bonds. Hundreds of people across the country invest their money in prize bonds. During the previous fiscal year 2016-17, the government increase the tax rate from 15 percent to 20 percent on the winning amount of prize bonds. This reduced the after-tax winning amount to a significantly low level.
The higher authorities should increase the winning amount on prize bonds so that more people could invest in prize bonds, leading to more revenue to the government.
Nasir Uddin Bangash (Haripur)
Cities and their suburbs or satellite towns ought to be celebrated for their modern amenities and cleanliness....
This letter refers to the news report ‘Rules being amended to remove upper age bar to hire top professionals’ . In...
In response to an earlier Israeli attack on its diplomatic facilities in Syria, Iranian forces retaliated by firing...
In most democratic states, the executive is often subordinate to the legislature in word and deed. Pakistan,...
In today's world, with all the amazing technology and progress we see, you might think people are really growing and...
India, often touted as the world's largest democracy, will begin holding its general elections from April 19. The BJP...
