Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The government has decided to allow the import of construction goods in Pakistani currency to the existing and upcoming Export Processing Zones (EPZs) in the country. The move is…
KARACHI: The federal government has agreed to increase the margin of petroleum dealers by Rs 1.64 per litre in four instalments after a marathon meeting on Monday, averting a strike…
KARACHI: The government has introduced significant changes to the alternative dispute resolution process for taxpayers registered under the Sales Tax Act and Federal Excise Act, making it mandatory for the…
KARACHI: Honda Atlas Cars Limited (HCAR), the Pakistani subsidiary of the Japanese automaker, reported a 90% decline in its earnings for the year ended March 2023 (MY23), due to lower…
If you are involved in importing or exporting goods across borders, you may have heard of customs clearance agents. But what are they and why are they important for your…
KARACHI: Pakistani manufacturers participated in Texworld/Apparel Sourcing USA 2023, the largest sourcing event on the East Coast, held at Javits Convention Center in New York City from July 18 to…
KARACHI: Fauji Foods Limited (FFL), a dairy and food company and a subsidiary of the Fauji Group, held its second quarterly analyst briefing for 2023 on Monday. The briefing was…
KARACHI: Sherman Securities its inflation forecast for July 2023, expecting a year-on-year decline to 25.3% from 29.4% in June, due to high base effect. However, the monthly inflation is likely…
Written by: Muhammad Idrees Yahya B.S. Civil Engineer B.A. LLB (4th Year) Director Operations, Ocean Packers & Movers (Customs Agent) National Consultant, International Trade Centre, United Nations. Back in the…
KARACHI: The budget comes sans any incentive to spur industrial growth, which is going south fast. Government should have restored the widely demanded ‘no tax no refund regime. Perhaps, IMF…
KARACHI: Honda Atlas Cars and Indus Motor Company have resumed operations after the government eased the nationwide lockdown imposed to check the spread of novel coronavirus COVID-19 in the country,…
WASHINGTON: U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the…
ISLAMABAD: With the contraction of Pakistan’s GDP growth rate that falls into zero range at negative -0.38 percent for the outgoing fiscal year, the total size of the country’s economy…
NEW YORK: Walmart Inc beat Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales as stockpiling drove consumers to its stores and…
PESHAWAR: Khyber Pakhtunkhwa (KPK) business community has raised alarms over large number of Afghan transit trade goods containers being held at Karachi port under the pretext of scanning, which was…
BOSTON: Tesla has kept financial losses at bay in the first quarter of the year, posting strong group-wide EBITDA and revenue numbers amid high hopes for its solar roof line…
ISLAMABAD: Estimating a shortfall of about 16 per cent against the target for the current financial year, the government has decided to facilitate remittances from overseas Pakistanis through tax exemptions…
KARACHI: Tax experts on Monday raised questions over the blanket immunity granted to the construction sector from disclosing source of investment, hinting at its nonconformity to an action plan agreed…
TOKYO: Asia’s economy is expected to stall at zero percent this year, the worst growth performance in almost 60 years, said the International Monetary Fund (IMF) on Wednesday. “This is…
BRUSSELS: The EU is focusing the next stage of its competition probe into Facebook on whether the social media network is distorting the classified advertising market by promoting its free…