Industry rejects increase taxes on juices
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…
Pakistan Customs, Tax, Shipping & Business News Resource
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…