SHC dismisses WTCÂ filed by Income Tax Department
KARACHI: An old case of Wealth Tax pertaining to year 1997-98 finally came to an end when an Income Tax Appellate bench of High Court of Sindh finally ruled against…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: An old case of Wealth Tax pertaining to year 1997-98 finally came to an end when an Income Tax Appellate bench of High Court of Sindh finally ruled against…
KARACHI: Government recently took measures to ban import of luxury items to curtail outflow of foreign exchange reserves of the country. Analysts believe that given our rising Balance of Payment…
KARACHI: Pakistan Federal Budget FY23 Preview with tax revenue target of Rs7.25trn for FY23, analysts expect new taxation measures across various sectors in the upcoming budget. Supertax: FBR is mulling…
KARACHI: Government is likely to set tax revenue collection target of Rs7.25trn for FY23 (9.2% of GDP), which is up 19% from the revised target of Rs6.1trn (9% of GDP)…
KARACHI: Government is expected to announce Federal Budget FY23 on June 10, 2022. Pakistan is eyeing revival of an IMF program and it is likely that the upcoming budget will…
KARACHI: Pakistan Customs was restrained from encashing bank guarantee/security sumbitted by a dozen importers of fabric from China. The order came from a custom appellate bench of High Court of…
KARACHI: Sharjeel Jamal of Utrade Logistics has identified violation of Transshipment Rules at MCC Appraisement Lahore, which is causing loss to the national exchequer. In a letter to Chief Collector…
GWADAR: Customs Intelligence Gwadar (I&I Gwadar) has seized 18 bags of shekhar gutka (50 packets each) which was dumped at Jewani crossing. Total Value of gutka is approximately Rs1.8 million.…
GWADAR: In a successful operation at Khurkera check post, Customs Gwadar recovered smuggled goods worth millions of rupees from a truck coming from Quetta to Karachi. Information was passed through…
The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in…
Karachi: ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), has entered into outsourcing arrangement with Pak Qatar Asset Management Company Limited (PQAMCL) &…
KARACHI: Hearing a constitutional petition filed by Mian Saeed & Sons, importers of Iron and Steel goods, the custom appellate bench of High Court of Sindh ordered authorities of Pakistan…
KARACHI: A custom appellate bench of High Court of Sindh (SHC) dismissed a Special Customs Reference Application filed by Model Collectorate of Customs Hyderabad impunging an order passed by Special…
KARACHI: Hearing a constitutional petition filed by Messers Axiom Trading Incorporated, Karachi, a custom appellate bench of High Court of Sindh allowed the request made by the petitioner company. Earlier…
QUETTA: Customs Intelligence Quetta (I&I) Quetta seized a passenger bus near Lackpass Tunnel on Quetta-Karachi Road and recovered large quantity of smuggled goods worth Rs24.4 million. Information was passed through…
KARACHI: The Federal Board of Revenue has notified transfers and postings of BS-18 and Bs-17 officers of Pakistan Customs Service (PCS) with immediate effect. Imran Afzal (BS-18) is transferred from…
GWADAR: Customs Intelligence Gwadar has seized large quantity of smuggled goods along with a passenger bus carrying the same worth Rs21.3 million. On the directives of Director Gwadar Agha Saeed,…
KARACHI: The Federal Board of Revenue has notified transfers and postings of three BS-20 officers and one BS-19 officer of Pakistan Customs Service (PCS) with immediate effect. Mr. Asif Abbas…
Efficient, timely and reliable data dissemination is a core undertaking of central banks across the world. Open data availability supports informed decision-making by households, firms, governments, academics, and other stakeholders,…
KARACHI: the work at City Court complex Karachi came to a grinding halt as staff and lawyers fought a pitched battle with injuries on both sides. According to details District…