Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Pak-Japan Business Council has approached Chairman National Accountability Bureaue (NAB) complaining against Tahir Habib Cheema (Trade and Investment Counselor at Pakistan’s Embassy Tokyo Japan) on alleged Corruption, bribery, kickbacks…
The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) hailed the federal budget 2022-23, but warn of long-term impact on trade and industry, terming it a ‘partially…
KARACHI: Expressing annoyance over undue detention of goods and non implementation of judgments of High Court already in field, a custom appellate bench of High Court directed Chief Collectors of…
PESHAWAR: The Collectorate of Customs (Appraisement), Peshawar in pursuance of an information passed through Collector Amjad-ur-Rehman to Additional Collector Shahid Jan that some unscrupulous element will attempt to smuggle the…
KARACHI: Political noise has been fever pitch in the last few months as the recently ousted PM Imran Khan demanding immediate elections. Even if the government is able to withstand…
KARACHI: The government is reducing its targeted subsidy balance by 54% YoY to Rs699 billion for FY23. The subsidies granted to Independent Power Producers (IPPs) and Pakistan Holdings Private Limited…
KARACHI: The most notable increase stems from the projected Rs750 billion collection of Petroleum Development Levy (PDL) against Rs135 billion collected in FY22. Based on market estimates, the targeted Petroleum…
KARACHI: Government has announced several measures to support industrial sector. 1. To incentivize packaging industry, CD and ACD on various tariff lines pertaining to aluminum, polymers of ethylene, BOPP etc.…
KARACHI: All persons who have more than one immovable property exceeding Rs.25 million situated in Pakistan shall be deemed to have received rent equal to 5% of the fair market…
KARACHI: The basic threshold of taxable salary is proposed to be enhanced to Rs1.2 million from the current Rs0.6 million for salaried individuals. This would pass tens of billions of…
KARACHI: Government has announced an amount of Rs 800 billion has been allocated for Federal Public Sector Development Program. In 2017-18 Federal Development Budget was Rs 1,000 billion. PSDP will…
KARACHI: The Finance Bill 2022 has proposed a five years’ tax holiday for film procedures, and on establishing new Cenima houses, production houses, film museums, and tax rebate on export…
KARACHI: The Budget 2022-23 is a growth budget. It is based on a well thought out strategy to boost the economic growth earlier outlined in the Medium Term Budgetary Strategy…
ISLAMABAD: Federal Finance Minister, Miftah Ismail on Friday announced the federal budget for Financial year 2022-23 with a total out lay of Rupees 9.5 Trillion. The maiden budget by newly…
KARACHI: The Finance Bill 2022 has proposed a fixed income and sales tax for small-scale retailers ranging from Rs3,000 to Rs5,000 per month depending on the monthly electricity consumption. Federal…
The State Bank of Pakistan (SBP) hosted the 40th Council Meeting and 20th General Assembly of the Islamic Financial Services Board (IFSB), on June 9, 2022. Governor SBP is currently…
KARACHI: Taking a strict notice of non implementation of Section 81 of Customs Act 1969 which provides for provisional release of imported items if any dispute arises over Valuation or…
NdcTech has entered into a strategic communication partnership with Nutshell Communications (Private) Limited. Nutshell Communications will provide external stakeholder engagement, corporate branding and strategic communication services to NdcTech. An agreement…
KARACHI: In FY2022, the real GDP growth remained at 5.97 percent, Economic Survey of Pakistan revealed. However, underlying macroeconomic imbalances and associated domestic and international risks have dampened celebrations. The…
KARACHI: After five days of disruption in court work due to stalemate between judicial officials and members of Karachi Bar Association (KBA) over arrest of a Chowkidar, normalcy returns to…