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Under the license, the FTCL would set up a 37 km long transmission line in Muzaffargarh for lifting 120MW electricity from generation facilities to supply to its bulk power consumers which are subsidiary companies of the group including Fatima Sugar, Fazal Cloth Mills, Reliance Weaving Mills and Pak-Arab Fertilizer.
The purpose of this FTCL is to prevent foreign tax credits from reducing U.S.
The effect of taking an FTC that exceeds the FTCL is to reduce the taxpayer's tax liability by an additional $50,000, which reduces the effective rate of tax on the U.S.
She was a Licentiate of the Royal School of Music (LRSM) and of the Trinity College of Music (LTCL), of which she was also a Fellow (FTCL).
Morva Croxson, MPhil(Educ), MusBac, FTCL, LRSM, DipTchg, LGSM (MTh)
C W van Staden, MMed (Psych), MD, FCPsych, FTCL, UPLM
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- FTC Act