Sales tax exemptions on LNG, plant & machinery, computer parts’ import

KARACHI: The Finance Bill 2018 proposes to waive the value addition tax of 3.0 percent chargeable on import of LNG under Rule-58B of Sales Tax … Continue reading

China State Construction company imports duty/tax exempted machinery and equipment worth Rs3.019 billion

KARACHI: China State Construction Engineering Corporation has imported heavy machinery and equipment worth Rs3.019 billion in August so far after the government announced sales tax, … Continue reading

Customs Post Clearance Audit makes contravention reports against five importers

KARACHI: The Directorate of Post Clearance Audit (PCA), Pakistan customs filed five contravention reports against Mobile Communication Companies including CM Pak Limited (Islamabad) 2 cases, … Continue reading

SAPT project delayed as KPT fails to invest $800m in road construction and dredging

KARACHI: South Asia Pakistan Terminals Limited (SAPT), a joint public-private investment project worth $1.3 billion, has been delayed almost two years as the Karachi Port … Continue reading