Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: State Bank of Pakistan (SBP), being fully cognizant of the banking needs of general public, has taken the following measures for smooth availability of banking services during Eid-ul- Fitr…
KARACHI: Federal Board of Revenue (FBR) has developed a software for automated verification of Sales Tax Registration Number (STRN) and deduction of applicable rates of sales tax from the vendors’…
KARACHI: Chairman Federal Board of Revenue (FBR) has lauded the performance of the officers of Large Taxpayers Unit (LTU) for crossing Rs1.0 trillion revenue collection mark. Addressing a press conference…
KARACHI: The Chairman of All Pakistan Textile Mills Association Tariq Saud urged that the 3 per cent import duty on raw cotton be immediately removed and urgent measures to be…
KARACHI: All Pakistan Business Forum President Ibrahim Qureshi on Mondaystrongly protested against the return of massive power outages, crippling the business activities. He called upon the government to resolve the…
KARACHI: Expressing resolve to take the operation against terrorists and terrorism to its logical end, Chief of Army Staff (COAS) after a three hour long marathon meeting at Rangers Headquarters…
KARACHI: MCC Port Qasim after hectic efforts has recovered Rs1.325 billion from M/s Engro Elengy Terminal (pvt) Ltd, which was outstanding against them as customs duty. According to the details,…
KARACHI: The Directorate General of Reforms & Automation has advised M/s PRAL to update the network system so that execution of daily back-up of WeBOC / One-Customs business processes continue…
KARACHI: MCC Islamabad has foiled to smuggle narcotics abroad and seized 250 grams of heroin powder. According to details on 23-06-2016, at about 12:30 am during clearance of export registry…
KARACHI: The Federal Board of Revenue (FBR) has announced cash rewards for the Customs formations across the country for meritorious services. Collector Preventive Tariq Huda, Additional Collectors Khalid Hussain Jamali,…
KARACHI: In pursuance of the Federal Board of Revenue’s policy of zero tolerance to sort of smuggling activities and to curb its menace through a robust, effective and coordinated anti-smuggling…
KARACHI: The Federal Board of Revenue (FBR) has announced cash rewards for the Customs formations across the country for meritorious services. The officials of MCC Appraisement West receiving cash rewards…
KARACHI: The Federal Board of Revenue (FBR) has nominated focal persons for USAID-Pakistan Regional Economic Integration Activity Project (PREIA). The focal Persons will prepare detailed Terms of Reference (ToRs) of…
KARACHI: Joining hands and giving three days to recover the abducted lawyer Owais Shah, lawyer bodies threatened to bring the entire government at stand still after expiry of the period.…
KARACHI: The government of Pakistan has notified customs duty exemption and concessions on raw materials used for a number of products. SRO 474(I)/2016 has amended the table of earlier SRO…
KARACHI: The government of Pakistan has imposed 1.0 percent additional customs duty on import of various products. SRO 476(I)/2016 has notified amendments in SRO 1178(I)/2015. Accordingly, exemption from additional customs…
KARACHI: The federal government has extended higher rates of regulatory duty on the import of iron and steel products for another year. The existing rate of regulatory duty on various…
KARACHI: The federal government has imposed regulatory duty on several products vide SRO 475(I)/2016. Accordingly, through amendment in SRO 668(I)/2014 regulatory duty of 25% is imposed on whey powder, milk…
KARACHI: The government has withdrawn duty and tax exemption available on machinery and equipment if imported by textile industrial units. Vide SRO 478(I)/2016, government has rescinded SRO 809(I)/2009. SRO 809(I)/2009…
KARACHI: In order to tighten noose around unabated illicit and non-tax paid cigarette trade, the introduction of tax stamps on cigarette packs has been a pertinent subject of discussion these…