Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Tariq Huda, Collector, Model Customs Collectorate (MCC) Preventive on Wednesday announced on behalf of customs officials to donate one-day salary annually for the deserving students of Institute of Business…
KARACHI: The R&D Section of MCC Appraisement East has discovered a massive evasion of revenue by M/s Z.A Pharma through availing undue tax concession by the use of a fake…
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take stern action against its officials, who approach the board to exert political pressure for their promotion and postings. In…
ISLAMABAD: Federal Finance Minister Ishaq Dar on Wednesday warned of taking stern action against those who increase prices linking to the budget and the finance bill. Addressing the post budget…
KARACHI: The total population of the country has projected to 188.2 million in year 2014 however; population has been decreased to 1.95 percent in current year comparatively to previous year…
KARACHI: Pakistan is facing serious challenges due to climate changes and there are major threats to water security, food security and energy security, Economic Survey 2013-2014 said. The report said…
KARACHI: The government has planned to enhance the public sector spending on education sector from current two percent of GDP to four percent by 2018 as the current allocation is…
KARACHI: The government has increased spending on health and nutrition sector by 29 percent from Rs 79.46 billion in 2012-2013 to Rs 102.33 billion in the outgoing fiscal year for…
ISLAMABAD: Federal Finance Minister Muhammad Ishaq Dar on Monday launched the Pakistan Economic Survey 2013-2014 revealing that the country’s economic growth stood at 4.1 percent, which is six years high.…
ISLAMABAD: Finance Minister Ishaq Dar in his budget speech to announce formation of a commission to deliberate single stage sales tax rate and to revert the field formation of Federal…
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has suggested the tax machinery to bring down the sales tax rate initially to 12.5 percent in upcoming budget…
KARACHI: The business industry has demanded the government to eliminate federal excise duty (FED) on locally manufactured motor vehicles of 1800cc and above those who are falling under HS code…
KARACHI: The business community has proposed an idea that Federal Board of Revenue (FBR) should impose carbon tax on industry for the consumption of fossil fuel (over and above the…
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki has warmly welcomed the Federal Finance Ministry’s decision to settle sales tax refund claims of 26,000 cases…
KARACHI: The Institute of Tender Management is conducting workshops from February 13 to educate the government officials including the staff of Pakistan Customs to educate them about the PPRA rules.…
KARACHI: The Karachi Tax Bar Association (KTBA) on Friday suggested to the Chairman of Federal Board of Revenue (FBR) Tariq Bajwa that immunity must be granted across the board under…
KARACHI: The Federal Board of Revenue (FBR) has been directed by the government to forward certain information regarding tax collection and enforcement measures to International Monetary Fund (IMF) on regular…
KARACHI: Pakistan Custom has increased the valuation of printing ink imported from china by 36 percent for correct assessment and enhanced duty / taxes. In the Valuation Ruling No.634/2014, Directorate…
KARACHI: Establishment Division has issued a list of nominated Officers of Inland Revenue Services (IRS) of BS-18-17 for 17th Mid Career Management Course (MCMC) at National Institute of Management (NIM),…
KARACHI: International Monetary Fund (IMF) on Thursday approved the second tranche $553 million of Extended Fund Facility (EFF) for Pakistan with stress on improving tax administration for eliminating tax loopholes.…