Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called for increasing focus on development of ports to ensure success of China Pakistan Economic Corridor. Better facilities at…
KARACHI: Pakistan is wasting millions of dollar in the import of Edible oil and its seeds by ignoring this sector in the budget 2016-17. The consumptions of Edible oil are…
KARACHI: Despite an effort of the government to enhance exports in 2015-16, the country’s goods export declined by 12.11 per cent to $20.802 billion in (July-June) 2015-16 from $23.667 billion…
KARACHI: The customs officials have confiscated the valuable goods worth Rs 15 million during Tuesday–Wednesday night at Karachi Airport from the custody of two accused coming from Dubai through Emirate…
KARACHI: Pakistan’s locally assembled vehicles sales have increased by 12 per cent to 257,600 units during last fiscal year 2015-16 mainly because of rising auto financing from Banks and other…
KARACHI: The Federal Board of Revenue (FBR) has started implementing new Hybird tax collection system to enhance speedy tax collection from July 1, 2016 throughout the country in place of…
KARACHI: Owing to the imposition of withholding tax on all kind of banking transactions, the Bank’s deposits of the banking industry are declining since July 2015. Earlier, it was growing…
KARACHI: The federal government has given Federal Board of Revenue (FBR) a new tax collection target of Rs 3.601 trillion in the upcoming fiscal year (2016-17) while the Large Tax-Payer…
KARACHI: The Telenor Pakistan has total refused to pay 10 per cent Withholding Tax (WHT) amounting to $39.5 million and filed a petition in Islamabad High Court against government of…
KARACHI: After increasing one per cent Customs Duty of above 1400 products, the prices of medicine, tea, green tea, rice and other kitchen item would be increased from tomorrow (Friday)…
KARACHI: APTMA has expressed great concern over the callous attitude of the government in increasing the duty on import of raw cotton from 2 per cent to 3 per cent…
KARACHI: Owing to the rising Federal Excise Duty (FED) through the finance bill 2016, the cement prices would be increased by Rs 35-40/bag or around 7 per cent throughout the…
KARACHI: The Chairman of All Pakistan Textile Mills Association Tariq Saud urged that the 3 per cent import duty on raw cotton be immediately removed and urgent measures to be…
KARACHI: In order to tighten noose around unabated illicit and non-tax paid cigarette trade, the introduction of tax stamps on cigarette packs has been a pertinent subject of discussion these…
KARACHI: The Federal Board of Revenue (FBR) has directed all the banks to deduct Withholding Tax (WHT) on every kind of banking transactions of every account opened on a Computer…
KARACHI: The provincial governments of Punjab and Sindh have totally abolished the Entertainment Tax for the new Cinemas as the new comers like Cinepax, which are growing rapidly in both…
KARACHI: The Competition Commission of Pakistan (CCP) has issued a Policy Note to the Federal Board of Revenue (FBR) to eliminate discrimination meted out to some market players of the…
KARACHI: The federal finance ministry has again imposed 4 per cent super tax on banks tax income and rejected all proposals of the Pakistan Banks Association (PBA). In a letter…
KARACHI: The owners of All Textile Mills throughout the country have rejected the proposals of the Senate Standing Committee on National Food and Securities and Research to impose Regulatory Duty…
KARACHI: Chairman Sindh Revenue Board (SRB) Messri Ludhani has resigned from his post with immediate effect owing to his own domestic problems, it is learnt here on Thursday. He has…