K-Electric’s policy of collective punishment
City if lights is going through peak summers and as usual power outages, low voltages and over-billing, the routine that citizens of the metropolitan city have endured for many years.…
Pakistan Customs, Tax, Shipping & Business News Resource
City if lights is going through peak summers and as usual power outages, low voltages and over-billing, the routine that citizens of the metropolitan city have endured for many years.…
KARACHI: Contrary to expectations of change in treatment of income from capital gain and dividends to normal tax, affecting net returns of the investors; we believe the budget FY25 is…
KARACHI: Finance Bill 2025 has proposed revised capital gains tax (CGT) rates on the sale of securities, set to take effect from July 1, 2024. Under the current regime, CGT…
KARACHI: The Federal Board of Revenue (FBR) has announced new tax rates for late income tax return filers as part of the Finance Bill 2024. This measure, unveiled in the…
KARACHI: The Federal Budget for the fiscal year 2024-25 has introduced a comprehensive definition of “tax fraud.” The new classification aims to curb the intentional evasion of tax and the…
KARACHI: The Finance Bill of 2024 has introduced a comprehensive framework for the functioning of the Customs Appellate Tribunals under the Customs Act. The bill specifies the jurisdiction, powers, and…
KARACHI: The Federal Board of Revenue (FBR) has unveiled a series of reforms concerning customs duties as outlined in the Finance Bill 2024. The FBR’s announcement highlighted several guiding principles…
KARACHI: Federal budget for the fiscal year 2024-25 has increased the maximum rate of petroleum to Rs 80 per liter on various petroleum products. Government has raised the petroleum levy…
KARACHI: Government of Pakistan announced a significant increase in salaries as part of the fiscal year 2024-25 budget presented on Wednesday. Minister for Finance and Revenue, Senator Mohammad Aurangzeb, unveiled…
In the intricate ballet of international commerce, the passage of goods across frontiers is a sophisticated interplay of logistics and statutory mandates. The bygone era of customs clearance, characterized by…
New York-based cybersecurity leader Port53 has launched a groundbreaking partner program at the RSA Conference 2024, marking a significant stride in the fight against cyber threats. The program is set…
Santa Clara-based biotech leader, Vibrant Wellness, has announced its expansion into the UK market. The company, renowned for its specialty precision lab testing, is set to enhance patient care through…
Zendure, a fast-growing energy technology startup known for its innovative SolarFlow and AIO 2400 products, will be on-site at the French Grand Prix with its solutions and will support the…
Customs clearance has long been a cornerstone of international trade, involving the preparation and submission of documentation required to facilitate exports and imports into a country. Traditionally, this process has…
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KARACHI: The Federal Cabinet on Saturday has approved the FBR’s plan for restructuring and digitization. The Minister for Finance and Revenue has formed the Implementation and Asset Distribution Committee (I&ADC)…
KARACHI: The Customs Intelligence and Investigation (I&I) Karachi has advised all terminal operators to block consignments of yarn coming from UAE. The I&I Karachi received a tip-off that some importers…
The BRICS, a group of emerging economies comprising Brazil, Russia, India, China and South Africa, has expanded to include five more countries: Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and…
The UK supermarket sector witnessed a surge in sales and leases in 2023, reaching £2.49 billion, three times more than the previous year. The data, released by Knight Frank, showed…
Squeaky Bean, a brand owned by Compleat Food Group, has introduced its first frozen ingredients range, featuring Seasoned Chicken Style Pieces and Steak Style Strips. The products are made with…