Chief Commissioner CRTO assures to analyze possibility of restoring tax back to 0.1pc in next budget

KARACHI: Chief Commissioner Corporate Regional Tax Office (CRTO) Karachi Federal Board of Revenue (FBR) Dr. Aftab Imam, after listening to the viewpoint of business community, assured to analyze the issue of higher turnover tax on yarn traders as compared to the profit margin and look into the possibility of restoring… Continue reading

FBR’s priority is to cut costs for businesses in next budget, says Dr. Ashfaq

KARACHI: Member Inland Revenue – Operations, Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmad has said that for the next budget, FBR’s priority is to cut the cost of doing business, get rid of excessive taxation, reduce compliance cost and set businesses free so that they could have minimum… Continue reading

Rs 217.5 million set aside for Textile Industry Division

ISLAMABAD: The federal government has laid a special emphasis on development of textile sector  amd  has allocated Rs 217.5 million for Textile Industry Division under the Public Sector Development Programme (PSDP) for the fiscal year 2017-18 for new development schemes. According to a budget document released here Friday, three new… Continue reading