Lower WHT rates on non-cash banking transactions extended
KARACHI: The Federal Board of Revenue (FBR) has once again extend the application of 0.4 percent withholding tax on non-cash banking transactions made by non-filers of income tax returns for…
Sugar export subsidy scam; M/s Chaudry Sugar Mills challenges Adjudication order
KARACHI: M/s Chaudry Sugar Mills has approached Appellate Tribunal appealing against the order of Collector Customs Adjudication, which charged the sugar mill for making fake export GDs and making paper…
ECC approves export incentive package
ISLAMABAD: The Economic Coordination Committee (ECC) meeting chaired by Finance Minister Ishaq Dar has approved the Rs180 billion incentive package for exporters on Wednesday. ECC approved summary submitted by Finance…
ECC approves tax exemptions
ISLAMABAD: The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Prime Minister’s Office this morning.…
Ishaq Dar chairs ECC meeting
ISLAMABAD: The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Prime Minister’s Office. ECC has…
MCC Islamabad geared up to meet revenue collection target
KARACHI: Collector MCC Islamabad Dr. Arslan Subuctageen chaired a meeting on Friday regarding recovery of arrears outstanding against Pakistan International Airlines (PIA). PIA has been given notice for immediate deposit…
Judgment reserved in Engro Elengy Suit by SHC
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh on Friday reserved the judgment in a suit filed by Engro Elengy Terminal (Private) Limited. The plaintiff challenged against refusal…
Engro Elengy duty, taxes exemption case, final arguments on Feb 26
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh on Friday adjourned the hearing of a suit filed by Engro Elengy Terminal (Private) Limited against refusal of exemption from…
PSO pays Rs581 million sales tax on gas imported from Qatar
KARACHI: Pakistan State Oil (PSO) has paid Rs581 million to the Customs authorities as 17 percent sales tax imposed on the import of liquefied natural gas (LNG) as the Customs…
FBR imposes regulatory duty on import of mobile phones, iron/steel products
KARACHI: The Federal Board of Revenue (FBR) has imposed regulatory duty (R&D) in the range of 5.0 percent to 15 percent on the import of iron and steel products along…