Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Pakistan Yarn Merchants Association (PYMA) has categorically rejected the inclusion of Articles 37-A and 37-B in the Sales Tax Act under the recent Finance Bill. In an appeal…
ISLAMABAD: Pakistan’s Finance Bill has introduced a new Cargo Tracking System and an electronic bilty (e-bilty) mechanism to monitor the movement of goods across the country. Under the proposed law,…
ISLAMABAD: A proposed amendment to the Customs Act of 1969, introduced in the Finance Bill, aims to modernize the country’s customs assessment and examination framework by incorporating centralized units and…
KARACHI: The incentive package for construction industry promulgated through a Presidential Ordinance has been incorporated in the Finance Bill, 2020. The President of Pakistan promulgated the Tax Laws (Amendment) Ordinance,…
ISLAMABAD: Minster for Industries Hammad Azhar presented the federal budget for the fiscal year 2020-21, wherein no new taxes have been imposed. The budget i.e. the Finance Bill is said…
KARACHI: The Finance Bill 2019 has proposed to abolish final tax regime (FTR) and replace the same with minimum tax regime in all cases other than exports, prizes and winnings…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday adjourned hearing in over 80 identical petitions…
KARACHI: Federal Board of Revenue (FBR) has said it enjoys powers to raise immediate demand and effect recovery on provisional basis in case of government confiscated local assets under Section…
KARACHI: The All Pakistan Customs Agents Associated has prayed to Federal Board of Revenue (FBR) to repeal the recently introduced amendment in Customs Act, 1969, which requires the owner of…
KARACHI: The tall claims of the government of pro-poor budget exposed as it witdrew the income support levy on the pressure of rich class of the country as they had…