Trade body seeks 50% cut in withholding tax to boost exports
KARACHI: Exporters on Wednesday proposed the government to slash the withholding tax by 50 percent to enhance earnings. In its budget proposals announced at a press conference, the Pakistan Hosiery Manufacturers Association (PHMA) said, at present, the withholding tax on exports is one percent, which is considered as the final liability. The government should reduce it to 0.5 percent in
