Fiscal deficit clock keeps ticking: ECC grants tax exemption to SSGC on Matiari-Lahore transmission line project

The Economic Coordination Committee (ECC) has approved a proposal exempting the State Grid Corporation of China (SGCC), of 12.5% withholding tax on the dividends from  $1.76 billion Matiari-Lahore transmission line project.SGCC is engaged in the construction of the said transmission line as part of actively promoted projects under CPEC.The decision is believed to have bypassed Read More