ANF trying hard to facilitate traders, number of withheld containers reduced to 1.14 pc in 2020: Muhammad Ayub

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 number withheld containers and at the same time, no compromise was being made on the performance which can be gauged… Continue reading

CHIEF COMMISSIONER RTO-III ASSURES EXPORTERS TO RESOLVE THEIR GENUINE PROBLEM ON TOP PRIORITY

“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 Commissioner RTO III Karachi during the online meeting with exporters registered with Regional Tax Office III Karachi held today on… Continue reading

AHMED CHINOY SAID GOVERNMENT AIMING FOR 4 – 4.5% GROWTH OVER NEXT THREE YEARS SEEMS UNREALISTIC

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 priorities in the budget. Therefore it looks that the revenue targets could not be achieved at the time when coronavirus… Continue reading

Restoration of Zero Rating on Sales Tax – No Payment No Refund is indispensible to resolve liquidity problem of exporters: PDMEA

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 exports cannot unsurpassed unless the burning liquidity problem being faced by exporters is not addressed by the Government. To achieve… Continue reading

Restoration of zero-rating of Sales tax to exporters demanded by PAKSEA

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% sales tax in last budget whereby liquidity worth billions of rupees has been stuck up with the Government. Last year,… Continue reading

Dun & Bradstreet Issues Report on Pakistan Business Optimism Index (BOI) for Q4, 2019

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 composite Business Optimism Score stands at 144.6 points compared to a benchmark neutral value of 100 points. As per the… Continue reading

Exporters demand continuity of sales tax zero rating regime

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 the existing $23.7 billion. [the_ad id=”32940″]The five zero-rated exporters’ bodies of value-added textiles, leather, carpets, surgical instruments and sports goods,… Continue reading