Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In order to eliminate smuggling, the government has proposed harsh punishments for persons involved in smuggling goods in or out of Pakistan. If the value of the smuggled goods…
KARACHI: To augment efforts towards simplification of the withholding tax regime, the government has deleted several withholding tax provisions including collection collection of advance tax on education related expenses remitted…
ISLAMABAD: The opposition parties mainly PPP and PML-N surprised the treasury benches when they suddenly brought out placards of all colors reminding the ruling Pakistan Tehreek-e-Insaf of their commitments made…
KARACHI: Admitting the demands of traders, the government has increased the minimum threshold of supplies by retailers for obtaining CNIC of the buyers from Rs 50,000 to 100,000. Accordingly, the…
KARACHI: Federal Budget 2020-21 has proposed exemption of additional custom duties on those tariff lines which now attract zero customs duty in tariff along with reduction of custom duty on…
KARACHI: The federal budget 2020-21 has proposed 57 percent reduction in subsidy to K-Electric consumers for the upcoming year to Rs 25.5 billion compared with Rs59.5 billion allocation for the…
ISLAMABAD: Minster for Industries Hammad Azhar presented the federal budget for the fiscal year 2020-21, wherein no new taxes have been imposed. The budget i.e. the Finance Bill is said…
ISLAMABAD: Presenting relief-oriented budget on Friday, the government has decided to rationalise duty/tariff structure for over 30,000 raw materials and intermediary goods for boosting up industrialisation in the country, commerce…
LAHORE: The medical suppliers have hailed an interim order passed by a single judge of Lahore High Court in a writ petition filed by 45 petioner companies including A.S. Enterprises,…