RTOs, LTUs to share WHT on jurisdictional basis
A tug of war between Regional Tax Offices (RTOs) and Large Taxpayers Units (LTUs) over withholding tax (WHT) collection has finally come to an end as WHT collection would now be shared on jurisdictional basis, Business Recorder learnt on Monday. Sources said the decision was made at a meeting led by Asrar Rauf, member, tax policy, at Islamabad on August 5, 2010. more... (BR)
CM Punjab bans Iftar, Eid parties
Chief Minister Punjab Mian Shahbaz Sharif said that Punjab government has banned Iftar and Eid ceremonies owing to prevailing flood devastations in the province.
Addressing a press conference after a meeting of Punjab cabinet here Monday, he informed the media that approximately 8.5 million people have been affected in prevailing flash floods in the province. He also assured that Punjab Government would fully cooperate with the federal government for establishing Fund raising commission to assist the flood affectees. more... (TFD)
Zardari to attend four-nation meet in Russia
A four-party summit of the presidents of Russia, Afghanistan, Pakistan and Tajikistan will be held in Sochi on Wednesday, the Kremlin press service reported on Monday.
On the sidelines of the summit Russian President Dmitry Medvedev is expected to hold bilateral talks with his Afghan counterpart Hamid Karzai and Pakistani President Asif Ali Zardari, who in view of the floods in the country has cut short his visit to few hours only. President Spokesperson Farhatullah Babar had said that original schedule for the Presidents' two-day visit to Russia for participation in the quadrilateral summit of heads of states of Afghanistan, Pakistan, Tajikistan and Russia on regional security at Sochi in Russia was finalized several weeks ago. more... (TFD)