KCCI presents budget proposals in a meeting with FBR

KARACHI: A meeting was held on 16 April’2020 between the Karachi Chamber of Commerce and Industry (KCCI) and the Federal Board of Revenue to discuss the proposals of KCCI for the Federal Budget 2020-21. Siraj Kassam Teli, Chairman-Businessmen Group and Former President KCCI led the KCCI team which included Agha… Continue reading

FPCCI finalizes proposals for the upcoming budget; seeks reduction in tax rates

KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has finalized its proposals for ensuing federal budget, and recommended to reduce the tax rates to help increase competitive edge of indigenous products in both local and global markets. FPCCI’s proposals envisage revamping taxation system, documentation of economy, employment generation… Continue reading

Employers’ Federation of Pakistan proposes gradual reduction of sales tax to 9.0 percent

KARACHI: The Employers’ Federation of Pakistan has proposed that in order to bring down the sales tax on industrial inputs the rate be gradually reduced by 1.0 percent per annum to an eventual 9.0 percent. According to Federation’s proposals sales tax duties are quite high at 17 percent, along with… Continue reading

KCCI’s delegation discusses budget proposals with FBR

KARACHI: A delegation of Karachi Chamber of Commerce & Industry (KCCI) held threadbare discussions on KCCI’s Budget Proposals for Federal Budget 2019-20 with Chairman Federal Board of Revenue Jehanzaib Khan and his team at a meeting held at FBR House in Islamabad on Thursday.[the_ad id=”31605″]KCCI’s delegation, which was led by… Continue reading

PM’s special assistant, FBR chief discuss budget proposals with Pakistan Stocks Exchange

KARACHI: Haroon Khan, Special Assistant to the Prime Minister for Revenue visited Pakistan Stock Exchange Limited (PSX) and Chaired a high-level meeting to discuss the PSX Federal Budget Proposals 2017-18 along with Muhammad Zafar-ul- Haq Hijazi Chairman Securities & Exchange Commission of Pakistan (SECP), Dr. Muhammad Irshad Chairman Federal Board… Continue reading

PBA sends letter to Chairman FBR to reconsider its budget proposals

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 sent to Nisar Muhammad Khan chairman Federal Board of Revenue (FBR), the PBA expressed serious concern and disappointment over the… Continue reading

Pakistan Bait-ul-Maal funds doubled for FY 2016-17

ISLAMABAD: Minister for Finance Senator Ishaq Dar Friday proposed an 100 per cent increase in funds for the Pakistan Baitul Maal (PBM) in the federal budget 2016-17 to mitigate sufferings of downtrodden segments of the society. Presenting budget proposals in the National Assembly, he said the PBM’s annual funds had… Continue reading

Tax concessions demanded on LPG import

KARACHI: LPG Distributors Association in their budget proposals has recommended withdrawing general sales tax (GST) and advance tax on LPG imports. Chairman LPG Distributors Association Irfan Khokhar said government should remove GST and advance tax of 5.5 percent on LPG import and distributors’ profit should be fixed at least 20… Continue reading

Budget Proposals: Pakistan Stock Exchange (PSX) seeks softened & rational taxation regime

KARACHI: Pakistan Stocks Exchange (PSX) has presented its proposals for the Federal Budget 2016-17 directed towards providing an impetus to create an investment friendly environment, spur investment, enhance industrial activity and economic growth in the country. PSX has proposed that the provision for levy of FED on services of stock… Continue reading