Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: President of United Business Group (UBG) and former president of FPCCI, Zubair Tufail, after the announcement of the federal budget for the new fiscal year 2024-2025, from July 1,…
KARACHI: Federal budget for the fiscal year 2024-25 has increased the maximum rate of petroleum to Rs 80 per liter on various petroleum products. Government has raised the petroleum levy…
The increase in Federal Excise Duty (FED) on juices from 10% to 20% in the Federal budget amendments is a severe blow to the juices industry. Due to the effects…
Following the recent federal budget, there are discussions within the government regarding the introduction of a dollar amnesty scheme. This scheme aims to provide individuals with the opportunity to legalize…
ISLAMABAD: Federal Finance Minister, Miftah Ismail on Friday announced the federal budget for Financial year 2022-23 with a total out lay of Rupees 9.5 Trillion. The maiden budget by newly…
KARACHI: Finance Minister Shaukat Tarin on Friday presented budget 2021/2022 and announced an increase of 10 percent in basic salary and pension of the government employees. While delivering the budget…
KARACHI: It is expected that the consequences and effect of the pandemic will subside in the following months and Pakistan will be again on the trajectory of growth of 3%…
KARACHI: Business community has underscored the need of tariff rationalization, in the forthcoming Federal Budget 2020-21, to facilitate business and protect domestic production. Chairman United Business Group Shaikh Khalid Tawab…
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: Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh chaired a meeting to review the budget framework for the year 2019-20. He gave…
KARACHI: The Federal Budget 2018-19 seeks to institute tax reforms in the real estate sector. Widespread tax reforms have been envisaged for streamlining the issues related to the real estate…
KARACHI: Government of Pakistan through Federal Budget 2016-17 has announced several relief measures for local industry along with various revenue measures and tariff rationalization. The relief measures include reduction of…
KARACHI: Adviser to the Prime Minister, Haroon Akhtar has assured the Association of Builders and Developers of Pakistan (ABAD) for resolving the valuers of the State Bank of Pakistan in…
KARACHI: Finance Minister Ishaq Dar has announced on Monday that the Federal Board of Revenue (FBR) is deprived of its authority of issuing concessionary statutory regulatory orders (SROs). Henceforth, FBR…
KARACHI: The MCC Appraisement (West) has nominated several Principal Appraisers and Appraisers to assist M/s. PRAL with regard to budget related activities i.e. feeding of amendments immediately after announcement of…
KARACHI: The government has envisaged that tax-to-GDP ratio will be increased to 13 percent by 2016-2017 as a key target for medium term economic framework however; no serious efforts have…
KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has expressed good gesture over federal budget 2014-2015 as it is being called as balanced, business friendly and growth oriented…