On 31 August 2016, the Pakistan Cabinet approved the signing of a protocol to the 1989 income tax treaty with China, and the signing of a new income tax treaty with Switzerland. The protocol will be the third to amend the tax treaty with China, and must be signed and ratified before entering into force. The new tax treaty with Switzerland must also be signed and ratified before entering into force, and once in force and effective, will replace the 2005 tax treaty between the two countries tha…