Government announces relief and revenue measures in federal budget

KARACHI: Government of Pakistan through Federal Budget 2016-17 has announced several relief measures for local industry along with various revenue measures and tariff rationalization. The … Continue reading

Regulatory duty of 60 percent proposed on new vehicles above 1800cc

KARACHI: In order to facilitate trade and secure government’s legitimate revenue, MCC Appraisement East has recommended certain changes in Customs Rules and several SROs in … Continue reading

Builders’ committee and FBR could not reach any consensus on valuation issue

KARACHI: The meeting of the 13-members committee of Builders and Developers with Haroon Akhtar Khan, advisor to the Prime Minister and member policy Federal Board … Continue reading

Government withdraws RD exemption on cocoa powder, cotton yarn, iron & steel

KARACHI: The Federal Government has withdrawn regulatory duty (RD) exemption available on the import of cotton yarn, iron and alloy steel, which would now be … Continue reading