Withholding tax withdrawn on cash withdrawal from banking system by return filers.
The minimum tax regime for traders at six percent has been converted into final tax regime.
Non filers allowed to buy cars upto 1300 CC.
Import of plant and machinery for new set up has been exempted from sales tax, customs duty and income tax.
Withholding tax on sale/purchase of shares has been abolished. Carry forwarded of losses fro three years has been allowed.
Custom duty on 1800 CC above cars has been increased.
KHALID ZAFAR
Khalid Zafar Graduated in commerce from Hailey College of Commerce, University of the Punjab, Lahore, Pakistan and obtained his law degree from University of the Punjab, Lahore, Pakistan. He has a diversified experience of over 21 years as a litigator and corporate lawyer and has worked with leading law firms including Cornelius, Lane & Mufti; Mandviwalla & Zafar; Surridge & Beecheno; and Hassan & Hassan in the years 1999 through 2012.
Ms. Aleena Waheed Hashmi obtained her graduation in Law from Punjab University Law College, Lahore and later pursued her Masters in Social Work. Ms. Waheed holds practicing license of Punjab Bar Association. The area of expertise is corporate, banking, commercial and transactional practice. Aleena is advising and providing legal services to the clients of her law firm and represents her law firm in all sorts of commercial, corporate and banking matters. Ms. Waheed has an ability and extensive experience of drafting more complex documents like persuasive briefs and motions that require comprehension of complicated fact patterns, analysis of numerous legal issues or questions of law and review of voluminous transcripts and records. With such a broad understanding of law, she has been able to better assist every client with her variety of activities.
Mahnoor Nazir
Ms. Mahnoor Nazir graduated in law from Punjab University and has done her masters in English literature as well from Punjab University. She is a lawyer who specializes in problem-solving, legal writing and has expertise in civil and banking laws. With a thorough understanding of the law, she pays close attention to the problem solving of the firm’s client and device strategies for the success completion of transactions. She has also successfully served clients from all around Pakistan with a variety of legal concerns. Mahnoor competently represent the firm’s client in the court of law and prepare the case briefs successfully.
Muhammad Hamza
Hamza graduated from Punjab University Law College (PULC) and also holds a Masters degree in Political Science. He is a practicing member of Punjab Bar Association. He handles all the civil, banking and commercial litigation of the firm. Hamza has expertise in revenue and land matters and has been doing land records due diligence. He is handling the corporate matter like Intellectual Property Rights, registration of limited liability companies, partnership matters, trademarks and copyrights etc. Hamza is handling the transactional banking matters including but not limited to property opinions, structuring and execution of the transactions. He has legal acumen and skills for solving various kinds of legal propositions and issues successfully.
