{"id":93417,"date":"2023-04-22T10:00:00","date_gmt":"2023-04-22T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=93417"},"modified":"2023-04-20T15:32:19","modified_gmt":"2023-04-20T10:32:19","slug":"amend-tax-laws-thar-coal","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/amend-tax-laws-thar-coal.html","title":{"rendered":"Directives issued to amend tax laws for supplying Thar Coal to industry"},"content":{"rendered":"\n

Karachi: The Prime Minister\u2019s Office has directed the Federal Board of Revenue (FBR) to amend the Income Tax Ordinance in the upcoming budget in order to assist the supply Thar Coal <\/a>to the local industry, a news source reported on April 17.<\/p>\n\n\n\n

Read: <\/strong>Govt to link Port Qasim, Thar Coal mines with railway network\u00a0<\/a><\/p>\n\n\n\n

Reportedly, a meeting was held at the PM office to address the problems concerning Sindh Engro Coal Mining Company (SECMC). Special Advisor to Prime Minister (SAPM) on Effective Governance Mohammad Jehanzeb Khan chaired the meeting.<\/p>\n\n\n\n

The National Transmission and Dispatch Company (NTDC) disclosed that transmission line\u2019s construction is 77% complete and the work is being done as per the schedule. The meeting discussed the Right of Way problem in Sindh\u2019s Tando Allahyar district. It was shared that if the issues concerning the Right of Way are not resolved, the entire project might be delayed.<\/p>\n\n\n\n

Read: <\/strong>Deadline issued to link Thar coal mines with railway network<\/a><\/p>\n\n\n\n

The FBR informed the meeting members that the SECMC cannot supply excess coal to the industry due to a provision in the Income Tax Ordinance (Section 65) that states that the credit can only be claimed if the coal is supplied solely for power generation. The FBR opined that provisions should be changed as they are restrictive. It was concluded that the FBR will consider appropriate amendments in the next Finance Bill so local industries can benefit from Thar Coal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Karachi: The Prime Minister\u2019s Office has directed the Federal Board of Revenue (FBR) to amend the Income Tax Ordinance in the upcoming budget in order to assist the supply Thar Coal to the local industry, a news source reported on April 17. Read: Govt to link Port Qasim, Thar Coal mines with railway network\u00a0 Reportedly, a meeting was held at the PM office to address the problems concerning Sindh Engro Coal Mining Company (SECMC). Special Advisor to Prime Minister (SAPM) on Effective Governance Mohammad Jehanzeb Khan chaired the meeting. The National Transmission and Dispatch Company (NTDC) disclosed that transmission line\u2019s construction is 77% complete and the work is being done as per the schedule. The meeting discussed the Right of Way problem in Sindh\u2019s Tando Allahyar district. It was shared that if the issues concerning the Right of Way are not resolved, the entire project might be delayed. Read: Deadline issued to link Thar coal mines with railway network The FBR informed the meeting members that the SECMC cannot supply excess coal to the industry due to a provision in the Income Tax Ordinance (Section 65) that states that the credit can only be claimed if the coal is supplied…<\/p>\n","protected":false},"author":83,"featured_media":61966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[56892,19230,6556],"persona":[],"class_list":{"0":"post-93417","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-directives-issued-to-amend-tax-laws-for-supplying-thar-coal-to-industry","9":"tag-federal-board-of-revenue-fbr","10":"tag-thar-coal","11":"cat-15012-id"},"acf":[],"yoast_head":"\nDirectives to amend tax laws to supply Thar Coal- Zameen News<\/title>\n<meta name=\"description\" content=\"The FBR will amend the Income Tax Ordinance in the upcoming budget in order to assist the supply Thar Coal to the local industry...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/amend-tax-laws-thar-coal.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Directives to amend tax laws to supply Thar Coal- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The FBR will amend the Income Tax Ordinance in the upcoming budget in order to assist the supply Thar Coal to the local industry...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/amend-tax-laws-thar-coal.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News & Pakistan Property News & Latest Updates - 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