Pakistan and Saudi Arabia on Wednesday signed a draft agreement on the elimination of double taxation and prevention of tax evasion, it was reported this week.
As a result of talks, the first round of which commenced in June 2003, both sides have agreed to nineteen provisions and officials indicated that both governments will soon ratify the treaty.
The recent round of discussions were led by Fahd bin Abdul Rehman, director general of the Saudi finance ministry and Wakil Ahmad Khan of Pakistan’s Central Board of Revenue.
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