KARACHI: Provincial Finance Minister Syed Murad Ali Shah has said that 0.3 per cent withholding tax imposed on banking transactions is a serious issue, which has created problems between the government and the business community.
The minister said this while talking to media on the sidelines of a workshop on sub-national taxation organised by the Sindh Revenue Board (SRB).
Addressing on the occasion, SRB Chairman Tashfeen Khalid Niaz termed the withholding tax as extortion, saying it should not be imposed under any circumstances. “It’s infringement on provincial rights, but also on citizens’ rights. We need to move away from WHT.”
On federal government’s offer to sell off Pakistan Steel Mills to Sindh, Shah repeated his assertion that he was unaware of any such development.
