Definitions

Question 1

Public company (S.2) (SS.47a , ab)

Answer 1

Public means means
a- a company in which at least 50% of the shares are held by the Federal or Provincial Government, and

ab- a company in which at least 50% of the shares are held by foreign Government, and
a company in which at least 50% of the shares are held by foreign company owned by a foreign Government

Question 2

Public company (S.2) (SS.47b , d)

Answer 2

b- a company whose shares:
- were traded on a registered stock exchange in Pakistan at any time in the tax year and
- remains listed on that exchange at the end of year; or

d- a unit trust whose units are widely available to the public