Pakistan Customs, Tax, Shipping & Business News Resource
Gallup Pakistan & PRIDE Research within Sindh, Karachi division has the highest youth unemployment rate of 11.18%, A higher share of educated youth is unemployed comparted to less educated youth…
Karachi: Traders and Customs officials have expressed serious concerned over the inter-port movement system at Karachi Export Processing Zone (KEPZ), which is the primary channel for smuggling even the prohibited…
QUETTA: On the directives of Member Customs Mukaram Jah Ansari and Chief Collector Baluchistan Muhammad Saleem, Collector Enforcement Quetta Irfan ur Rehman and Additional Collector Umar Shafique had expedited the…
Karachi: The 5th meeting of the FPCCI Advisory Committee on “Trade & Regulatory Laws” engaged in an extensive discussion on various matters, with a particular focus on the need for…
PESHAWAR: MCC Peshawar has found that 48 Goods Declarations (GDs) of various importers, with an assessed value totaling Rs. 423.655 million, were cleared by customs authorities without the necessary attachment…
Asif Mukatay and Muhammad Yousaf Mukatay, Directors of M/s Fairdeal Textiles, have obtained Bail before Arrest in a case filed against them by the Customs Post Clearance Audit (PCA). Their…
KARACHI: Directorate General of Post Clearance Audit (PCA) has uncovered a significant fraud involving M/s Fairdeal Textiles in Karachi. Acting on a tip-off, Dr. Qadir Memon, the DG PCA, authorized…
KARACHI: The budget did not address the basic problems facing the agriculture sector, Waheed Ahmed Patron-in-Chief Pakistan Fruits and Vegetables Exporters Association (PFVA) said. The impact of climate change has…
Based on first assessment of the budgetary tax measures announced today, it appears to be an interim budget with short term measures for certain sectors, but lacking on measures to…
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that the federal budget 2023 – 24 presents unrealistic picture of the economy; and, therefore, the budgetary targets set in…
Result of SBP Open Market Operations (OMO)-Injection Result of SBP Open Market Operations (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection
June 9, 2023: In a bid to boost the construction sector and promote homeownership, the government has announced the introduction of a tax credit for individuals undertaking the construction of…
The government has announced the imposition of customs duty (CD) on the import of agricultural tractors as part of the new fiscal budget. The CD rates vary based on the…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,539 new companies in May 2023, bringing the total number of registered companies to 194,466. The total paid-up capital (capitalization)…
The government has announced revised Super Tax slabs for the fiscal year 2023-24 (FY24), bringing significant changes for individuals with higher incomes. The new tax rates aim to ensure a…
In a move aimed at promoting the growth of the Information Technology (IT) and IT-enabled Services (ITeS) sectors, the government has announced a significant measure to support exporters. The government…
The government has proposed to levy a 10 percent withholding tax on bonus shares issued by companies to their shareholders, according to the budget document for 2023-24. The document states…
The government has announced a reduction in the customs duty (CD) on the import of hybrid electric vehicles (HEVs) in the fiscal budget 2023-24, which is expected to lower the…
In a bid to ensure fair and effective resolution of customs-related appeals, Finance Bill 2023-24 has proposed to establish a special bench. The order states that any appeal filed against…
The Pakistan Economic Survey 2022-23, released on Thursday, revealed that the cost of tax exemptions and concessions in the country rose by over 51 percent to a staggering Rs2.24 trillion,…