Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has expressed good gesture over federal budget 2014-2015 as it is being called as balanced, business friendly and growth oriented…
KARACHI: The federal cabinet on Tuesday approved the federal budget for the year 2014-15, with a total outlay of Rs3.945 trillion, and a Public Sector Development Programme (PSDP) allocation of…
KARACHI: In order to give impetus to development in sectors, which are central to economic development and there recent dormant performance has been a cause of concern, the government has…
KARACHI: For the year 2014-15 National Economic Council (NEC) has approved an overall size of Public Sector Development Programme (PSDP) at Rs 1,175 billion, which is higher by 1.7% when…
KARACHI: Following are the salient features of income tax announced in the Budget 2014-2015. Incentives for less developed areas, agriculture and investment 1. To help the locally grown fruits in…
KARACHI:Following are the salient features of Sales Tax and Federal Exise announced in the budget 2014-2015. The budgetary measures pertaining to Sales Tax & Federal Excise are primarily aimed at:…
KARACHI:Following are the salient features of Customs announced in budget 2014-2015. The objectives are including relief to general public; tariff rationalization; reducing discretionary powers and balancing controls and facilitation. Relief…
KARACHI: The total population of the country has projected to 188.2 million in year 2014 however; population has been decreased to 1.95 percent in current year comparatively to previous year…
KARACHI: Pakistan is facing serious challenges due to climate changes and there are major threats to water security, food security and energy security, Economic Survey 2013-2014 said. The report said…
KARACHI: The government has planned to enhance the public sector spending on education sector from current two percent of GDP to four percent by 2018 as the current allocation is…
KARACHI: The government has increased spending on health and nutrition sector by 29 percent from Rs 79.46 billion in 2012-2013 to Rs 102.33 billion in the outgoing fiscal year for…
KARACHI: The Federal Budget 2014-15, scheduled to be announced on Tuesday, is envisaging drastic changes in the duty/tax structure on import of vehicles, sources told Customnews.pk. According to details reaching…
ISLAMABAD: Federal Finance Minister Muhammad Ishaq Dar on Monday launched the Pakistan Economic Survey 2013-2014 revealing that the country’s economic growth stood at 4.1 percent, which is six years high.…
ISLAMABAD: Finance Minister Ishaq Dar in his budget speech to announce formation of a commission to deliberate single stage sales tax rate and to revert the field formation of Federal…
KARACHI: The MCC Appraisement West has denied benefit of the SRO 1125/2011 on bulk needles imported from China and advised the importer to pay the sales tax as per Sales…
KARACHI: The MCC Appraisement –West has issued assessment guidelines on assessment of hot melt adhesive under PCT 3506.9190. According to a circular, the guideline issued on April 25, 2014 has…
KARACHI: Pakistan Customs to conduct an auction of confiscated diesel and petrol on June 3, 2014 at Model Customs Collectorate (Preventive), Karachi, a notification said. It is to inform that…