Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: As the Federal Board of Revenue (FBR) has been unable to incorporate the recently notified amendments in the WeBOC system, the imported consignments of textile industry raw material are…
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has termed the federal budget 2018-19 a populous and yet a balanced budget envisaging several pro-business measures. President FPCCI Ghazanfar…
ISLAMABAD: Aimed at promoting usage of hybrid vehicles, which are environment-friendly, the government has proposed withdrawal of 16 percent Customs duty on electric vehicles in the federal budget for fiscal…
ISLAMABAD: The outgoing PML-N government’s newly appointed Finance Minister Miftah Ismail presented a sixth full-term budget in the National Assembly Friday amid a raucous protest staged by opposition leaders calling…
ISLAMABAD: The government yesterday announced an ad-hoc relief of 10 per cent in the salaries and pensions of civil and military employees in the federal budget 2018-19. Newly-inducted Finance Minister…
KARACHI: The Federal Budget 2018-19 has proposed to treat income tax paid by the commercial importers as minimum tax instead of final tax, which means commercial importers are now required…
KARACHI: Federal Budget 2018-19 has proposed reduced rate of advance tax on banking transactions by non-filers. Under section 236P of the Ordinance banks are obliged to collect advance tax at…
KARACHI: The Federal Budget 2018-19 has introduced a number of income tax rationalization measures to provide relief to corporate sector and businessmen, which include gradual reduction in super tax and…
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: Federal Budget 2018-19 has proposed several revenue measures including rationalization of custom duty on several importable items along with imposition and increase in regulatory duty on certain goods. It…
KARACHI: The Federal Budget 2018-19 announced by Advisor to PM on Finance Miftah Ismail proposes to increase the statutory rate of Additional Customs Duty to 2.0 percent from existing 1.0…
KARACHI: Federal Budget 2018-19 has announced a number of import concessions to promote use and manufacturing of environment friendly electric cars. The budget has proposed reduction of customs duty from…
KARACHI: The federal budget 2018-19 has proposed to allocate a sum of Rs175 billion under subsidies and grants. A total estimate of subsidies for budget 2018-19 is 0.5 percent of…