DT Agreements: Pakistan - Income from a UK source paid to a resident of Pakistan
UK interest paid to a resident of Pakistan (Article 11)
UK interest paid to its beneficial owner who is a resident of Pakistan is taxable inthe UK at 15%.
Article 11(3) provides for full relief from UK tax of interest paid tothe Government of Pakistan, or to a local authority in Pakistan. Full relief from UK taxmight also be available to an agency or instrumentality of theGovernment of Pakistan or of a local authority in Pakistan. If you receive any applicationor claim under Article 11(3), please refer to Technical Advice Group before youprocess it.