Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Finance Bill 2014 has revised the income tax on capital gain on disposal of securities as it enhanced the holding period to 24 months from 12 months for…
KARACHI: The Finance Bill 2014 has proposed justified amendments to the provision of taxation of bonus shares where the amount of bonus declared by a company would be treated as…
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…
KARACHI: The Model Customs Collectorate (MCC) of Appraisement-West has lodged an FIR against two persons including Amir Malik of M/s Bahria Town (Pvt) Ltd and Ghufran Tahir of M/s Jumbo…
KARACHI: The Federal Board of Revenue (FBR) has notified that process of delivering cash rewards to the staff officials are not being implementing in its true spirit by the field…
KARACHI: Ministry of Finance, Economic Affairs Statistics and Revenue on Thursday directed the federal government to make further amendments in Statutory Regulatory Orders (SRO) 421(I)/2014 of the Sales Tax Special…
ISLAMABAD: The Federal Board of Revenue (FBR) has defended the issuance of Statutory Regulatory Orders (SROs) stating that there is no irregularity or transgression of powers by the board 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 Revenue Division has imposed quite lofty federal excise duty (FED) on locally produced cigarettes to be collected on fixed basis. According to SRO No. 422(I)/2014 issued by Federal…
KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has expressed good gesture over federal budget 2014-2015 as it is being called as balanced, business friendly and growth oriented…
KARACHI: The federal cabinet on Tuesday approved the federal budget for the year 2014-15, with a total outlay of Rs3.945 trillion, and a Public Sector Development Programme (PSDP) allocation of…
KARACHI: In order to give impetus to development in sectors, which are central to economic development and there recent dormant performance has been a cause of concern, the government has…
KARACHI: For the year 2014-15 National Economic Council (NEC) has approved an overall size of Public Sector Development Programme (PSDP) at Rs 1,175 billion, which is higher by 1.7% when…
KARACHI: Following are the salient features of income tax announced in the Budget 2014-2015. Incentives for less developed areas, agriculture and investment 1. To help the locally grown fruits in…
KARACHI:Following are the salient features of Sales Tax and Federal Exise announced in the budget 2014-2015. The budgetary measures pertaining to Sales Tax & Federal Excise are primarily aimed at:…
KARACHI:Following are the salient features of Customs announced in budget 2014-2015. The objectives are including relief to general public; tariff rationalization; reducing discretionary powers and balancing controls and facilitation. Relief…
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…