Supreme Court orders to continue with CSB process
KARACHI: The Supreme Court of Pakistan has advised the Establishment Division and continue with the process of Central Selection Board (CSB). The Supreme Court of Pakistan in a decision dated…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Supreme Court of Pakistan has advised the Establishment Division and continue with the process of Central Selection Board (CSB). The Supreme Court of Pakistan in a decision dated…
KARACHI: Realizing the losses made to exporters of the country after the Brexit in Europe, federal government has agreed to help the exporters through exemption in taxes. Federal Minister of…
KARACHI: The Central Selection Board (CSB) meetings held earlier this month to consider civil servants for promotion would present the recommendations before the Supreme Court of Pakistan reportedly on December…
KARACHI: Post Clearance Audit – Customs has found that a sum of RS123.384 million needs to be recovered as it was short-realized on 1510 vehicles which were cleared under Smuggled…
KARACHI: President of the Lasbela Chamber of Commerce and Industry (LCCI) Ismail Suttar has deeply regretted the PML-N Governrment’s decision to shift State Bank’s four departments to Lahore terming it…
KARACHI: Stationary manufacturers across the country are irked with the withdrawal of zero-rating facility on stationary raw material. Federal government in the last budget has withdrawn the sales tax exemption…
Karachi Tax Bar Association (KTBA) has requested Federal Board of Revenue to extend the last date of income tax payment date from September 16 to up to September 25 in…
KARACHI: A three member bench of Supreme Court of Pakistan (SCP) in a land mark judgment held here on Thursday that fiscal notification enhancing the levy of tax issued by…
KARACHI: The federal government through their high officials of Federal Board of Revenue (FBR) has directed to Regional Tax Officers (RTOs) in all mega cities of the country to collect…
KARACHI: The hearing of a constitutional petition seeking immediate appointment of Chairman to Special Customs Appellate Tribunals was adjourned till July 04 as a law officer for federal government sought…
KARACHI: The federal government has announced to reduce additional customs duty to 11 percent from 16 percent earlier on import of a large number of goods. According to SRO 484(I)/2016,…
KARACHI: The federal government has imposed regulatory duty on several products vide SRO 475(I)/2016. Accordingly, through amendment in SRO 668(I)/2014 regulatory duty of 25% is imposed on whey powder, milk…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Mahmood A Khan on Thursday reserved orders in a petition challenging a…
KARACHI: The government’s decision to increase Federal Excise Duty (FED) on Cement from five per cent to Rs 50 on a 50-kilogram bag, will not only increase Rs 22 on…
ISLAMABAD: The federal government has proposed to enhance fixed rate basis on steel sector, ship breakers and steel melters. Sales tax on steel sector, including ship breaking sector in the…
KARACHI: The Finance Bill 2016 proposes to enable the Federal Government to enter into a tax treaty or tax information and exchange agreement or multilateral convention or inter government agreement…
KARACHI: Federal government, through the Finance Bill 2016, has extended Super tax as applicable for tax year 2015 to tax year 2016 also. Through Finance Act, 2015, Super tax was…
KARACHI: The federal government has increased the rate of capital gains tax (CGT) on disposable of securities for non-filers, while rates are kept intact for filers. Finance Bill 2016 proposes…
ISLAMABAD: Federal government on Friday announced a major relief for government employees and the labour in the federal budget 2016-17. Fiance Minister Senator Ishaq Dar in his budget speech said…
ISLAMABAD: The federal government has imposed income tax on income derived from rental property on both individuals and association of persons. According to the proposals made in finance Bill 2016,…