PCA Karachi makes remarkable performance in 2016
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the year 2016 and detected 22 cases involving revenue of Rs202.475 million. Post Clearance Audit headed by Director…
Customs values of McCain French fries revised
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of McCain brand potato frozen French fries Indian origin at $1.12/kg and MC Cain brand Spicy Peri…
Tax amnesty in the pipeline to legalize undeclared foreign assets
KARACHI: Pakistan government is trying various measures to improve revenues and widen the tax net to ease the fiscal stress. Under the IMF program, Pakistan’s tax to GDP has improved…
Building control authority becomes prime beneficiary of construction boom
KARACHI: Owing to lower commodity prices, there has been a boom in construction activities in the country, particularly in Karachi; but interestingly Building Control Authority appears to be the prime…
Pakistan Customs posts 2.8 percent surge in revenue collection
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. six months (July-December 2016) stood at Rs535.9 billion, up 2.8 percent as against Rs521.3 billion…
SHC disposes of Tricycle case, orders adjudication in 15 days
KARACHI: A division bench of High Court of Sindh (SHC) on Wednesday disposed of a petition filed by Farooq Corporation after the petitioner side agreed to pay all duty, taxes,…