Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Federal Board of Revenue has issued a clarification regarding applicability of SRO 598(I)/ 2022,dated 19-5-2022. It said that in view of concern shown by industrialust and business community it…
KARACHI: The Finance Bill 2018 proposes to waive the value addition tax of 3.0 percent chargeable on import of LNG under Rule-58B of Sales Tax Special Procedure Rules, 2007. It…
KARACHI: Directorate of Customs Valuation has revised the customs values of medical items, equipment vide Valuation Ruling No.1202/2017. The customs values of medical items, equipment were earlier determined vide Valuation…
KARACHI: All the consignment moving to and from Export Processing Zones (EPZ) would be fixed with tracking devices from August 21, 2017. An Export Processing Zone (EPZ) is a Customs…
KARACHI: China State Construction Engineering Corporation has imported heavy machinery and equipment worth Rs3.019 billion in August so far after the government announced sales tax, income tax and customs duty…
KARACHI: The Directorate of Post Clearance Audit (PCA), Pakistan customs filed five contravention reports against Mobile Communication Companies including CM Pak Limited (Islamabad) 2 cases, Commtel (Lahore), BT Pakistan (Karachi),…
KARACHI: South Asia Pakistan Terminals Limited (SAPT), a joint public-private investment project worth $1.3 billion, has been delayed almost two years as the Karachi Port Trust (KPT) failed to invest…