The federal cabinet on Thursday approved amending the existing conventions of avoidance of double taxation treaties with three countries.
The cabinet, which chaired by Prime Minister Shahid Khaqan Abbasi, accorded approval to amend the existing convention for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income for up gradation of article on exchange of information with Finland, Italy and Turkey. The cabinet also approved to sing the protocol amending the Convention between Government of the Islamic Republic of Pakistan and the Government of the Kingdom of Bahrain for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.
The cabinet approved ratification of the Air Services Agreement between the Islamic Republic of Pakistan and the Republic of Belarus. Ex-post Facto Approval, in Principle, to start the Negotiation and approval to Sign the Memorandum of understanding (MOU) between Pakistan and Senegal for Cooperation in the Field of Higher Education and Research. Ex-Post Facto Approval of the Cabinet to Start Negotiations and Approval for the Signing of Agreement on Industrial, Scientific and Technical Cooperation between Republic of Belarus and Government of Pakistan. Appointment of Justice Muhammad Saleem Jessar as Judge Special Appellate Court under Section 46(1) of the prevention of smuggling Act, 1977 in the Province of Sindh. (September 7, 2017)
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