Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Exporters are grappling with significant challenges caused by delays in the approval of the Export Facilitation Scheme (EFS) by the Customs Export Collectorate, Karachi. These delays have resulted in…
Karachi: Former Senior Vice President FPCCI and General Secretary UBG (Sindh Zone) Muhammad Hanif Gohar has said that the federal budget is not for exporters, traders, industrialists and those who…
KARACHI: Value-Added Textile Exporters are highly perturbed and dissatisfied over proposed imposition of “Additional Tax on income, profits and gains” u/s 99D and have rejected it by terming “harsh” and…
Karachi: Traders and Customs officials have expressed serious concerned over the inter-port movement system at Karachi Export Processing Zone (KEPZ), which is the primary channel for smuggling even the prohibited…
QUETTA: Another milestone was achieved by Pakistan Custom on Monday as first ever TP consignment from Iran via Taftan border reached Quetta Dry port. The event is a major headway…
KARACHI: The Federal Tax Ombudsman has been actively acting upon his words, “I’m not interested in number of complaints, and I’m more interested in the impact of complaints by addressing…
With an objective to improve the timely inflow of foreign exchange from exports proceeds in the market, State Bank of Pakistan (SBP) has amended foreign exchange regulations requiring exporters to…
KARACHI: Exporters have approached Director General of Transit Trade in Karachi complaining about the delays in processing and clearance of export consignments containing perishable items, which could cause severe losses…
KARACHI: The exporters and Customs agents are frustrated because of unnecessary delay in the grounding and examination of export consignments at Pakistan International Container Terminal (PICT). An exporter said whenever…
Government’s lack of priority and attention to increase cotton yield to support the entire value added textile chain is highly shocking and deplorable. Pakistan is an agriculture country but no…
KARACHI: Deputy Director/ In-charge, Port Control Unit, Anti-Narcotics Force (ANF) Karachi Muhammad Ayub has said that ANF was trying its best to facilitate the exporters and importers by reducing the…
“All the legitimate pending matters of exporters in the hands of Regional Tax Office-III shall be resolved on priority basis.” This was stated by Dr. Amir Ali Khan Talpur, Chief…
Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association said the Federal Government Aiming for 4-4.5% growth over next three years seems unrealistic because government showed lack of focus on economic…
To resolve liquidity problem of exporters, restoration of Zero Rating on Sales Tax – No Payment No Refund Regime reinstating SRO 1125 is highly indispensible. The current volume of Pakistan…
The value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of 17%…
Karachi: Dun & Bradstreet has launched its World Renowned ‘Business Optimism Index’ for Pakistan according to which Businesses in Pakistan are overall optimistic about their outlook for Q1, 2020. The…
LAHORE: Five export-oriented manufacturer bodies have urged the government to continue sales tax zero-rating regime in the budget 2019/20, fearing the Pakistan export might drop further to $21 billion from…
KARACHI: To improve awareness about its SME finance policy and refinance schemes, State Bank of Pakistan (SBP) conducted meetings with manufacturers and exporters of cutlery, stainless steel utensils, water pumps…
KARACHI: The Federal Board of Revenue (FBR) on Saturday said it had released sales tax refunds amounting Rs8.74 billion against the claims it received from export-oriented sectors. The FBR has…
QUETTA: The Model Customs Collectorate Quetta paid Rs.71.752 million refunds to exporters during first 11 months of Fiscal Year 2017-18 under head of customs duty (CD). According to details told…