Exempt Profit on Loans Borrowed by Government of Pakistan under Facilities Agreement from M/s. Credit Suisse A.G.
SRO 655(I)/2017 is an Income Tax SRO dated 13 July 2017, listed by FBR as "Exempt Profit on Loans Borrowed by Government of Pakistan under Facilities Agreement from M/s. Credit Suisse A.G.".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
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Government of Pakistan
Revenue Division
Federal Board of Revenue
Islamabad, the 13th July, 2017
NOTIFICATION
(Income Tax)
S.R.O 655 (I)/2017. - In exercise of the powers conferred under clause (75) of Part I of the Second Schedule to the Income Tax Ordinance, 2001, the Federal Government, is pleased to exempt profit on loans borrowed by Government of Pakistan under Facilities Agreement from M/s. Credit Suisse A.G.in following loan agreement:-
(a) $200 million on 3rd March, 2014
(b) $250 million on 7th September, 2015
(c) $325 million on 10th December, 2015
(d) $408 million on 29th March, 2016
[F.N. 4(159)IT-Budget/2016-Pt]
(Dr. Muhammad Iqbal)
Additional Secretary/
Member (IR-Policy)
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