Pakistan agrees to finish double taxation with Bulgaria

BusinessPakistan agrees to finish double taxation with Bulgaria

Islamabad, Pakistan: The Federal Cabinet of Pakistan has allowed signing of convention for the Avoidance of Double Taxation between Islamic Republic of Pakistan and Republic of Bulgaria.

The approval to finish double taxation between Pakistan and Bulgaria was given during the meeting of Federal Cabinet here on Wednesday. The meeting was chaired by the Prime Minister Shahkid Khaqan Abbasi.

According to a press statement issued by the Prime Minister Secretariat, the Cabinet decided to place the De-limitation Bill before the National Assembly for debate and consideration. Earlier, the Pakistan Bureau of Statistics gave a presentation to the Cabinet on Census, 2017.

The Cabinet approved establishment of Drug Court at Quetta and appointment of Mr. Justice Aftab Ahmed Gorar as Judge Special Appellate Court under Section 46(1) of the Prevention of Smuggling Act, 1977 in the Province of Sindh. Appointment of Secretary Ministry of Information Technology & Telecommunication as Chairman of Management Board of National Telecommunication Corporation was approved by the Cabinet

The Cabinet also assented to the re-Constitution of the Board of Governors of Pakistan Agriculture Research Council (PARC).

The Cabinet accorded Ex-Post Facto approval to initiate negotiations and for Signing of an Agreement on Scientific Exchange and Cooperation between Pakistan Agriculture Research Council and Lanzhou University, China.

Amendments in the Rules of Origin (ROO) under Malaysia – Pakistan Comprehensive Economic Partnership Agreement (MPCEPA), was also approved by the Cabinet.

The Cabinet approved signing of MoU between the Government of Mozambique and the Government of Islamic Republic of Pakistan in Defence Domain.

The Cabinet accorded approval to sign Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income Between Islamic Republic of Pakistan and Republic of Bulgaria.

The Cabinet also approved extension in deputation period of Mr. Bebu Ram, Deputy Chief Engineer, Sui Southern Gas Company Limited, Karachi.

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