FPCCI condoles demise of Abdul Sattar Edhi
KARACHI: President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Abdul Rauf Alam, Sr. Vice President Khalid Tawab and the office bearers have expressed their deep sorrow…
Customs hold ceremony in the honor of Dr. Asif Jah S.I
KARACHI: MCC Appraisement East and MCC Preventive held a ceremony to honor Collector Appeals Lahore, Dr. Asif Mehmood Jah at Customs House Karachi. Dr. Aif Jah has been conferred Sitara-e-Imtiaz…
ICAP suggests measures for tax base enhancement
KARACHI: The Institute of Chartered Accountants of Pakistan in its budget proposal has given a roadmap to broaden tax base, facilitate already registered taxpayers, abolish tax amnesty schemes and improve…
FPCCI suggests amendments in Customs Act and Rules
KARACHI: The FPCCI Standing Committee of Customs has proposed to insert a new Section in Custom Act, to the effect that wherein orders passed by Courts/Tribunals face no appeals, reservations…
FBR seeks pro-revenue proposals for budget 2016-17
KARACHI: The Federal Board of Revenue (FBR) has advised all the formations to furnish pro-revenue budgetary proposals for the federal budget 2016-17 byMarch 02, 2016. FBR has advised that the…
FPCCI to organise PITF in Aug, 2016
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will organise Pakistan International Trade Fair (PITF) in August, 2016 for which it has called meeting of Committee on February…
Sheikh Tariq appointed Chairman of FPCCI Standing Committee on Customs Agents
KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Abdul Rauf Alam has appointed Sheikh Mohammad Tariq as the Chairman of FPCCI Standing Committee on Customs Agents for…
FPCCI constituting task force on Customs
KARACHI: Sheikh Muhammad Tariq, Chairman FPCCI Standing Committee on Customs Agents, keeping in view of periodical changes in economic, fiscal and commercial policies unfolding new issues for trade and industry…
Customs values of Polyester Yarn revised downwards
KARACHI: The Director General of Customs Valuation has determined the Customs values of Polyester yarns vide Valuation Ruling No.768/2015. A valuation Ruling regarding Polyester Yarn was issued vide Valuation Ruling…
FPCCI asks Finance Minister to withdraw amendment in Section 156(I) of Customs Act
KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has approached the federal minister of finance praying that an amendment in Section 156(I) of the Customs Act, 1969…
DG Customs Valuation convenes meetings to deliberate Customs values of different products
KARACHI: Directorate General of Valuations has invited various stakeholders including importers, local manufacturers, and representatives of Chamber of Commerce, FPCCI and Customs Appraisement East, West and Port Qasim for discussing…
FPCCI urges FBR to abolish different tax rates on rental income
KARACHI: Zakaria Usman, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and ECO CCI on Monday said the government can earn more revenue from income tax on rentals…
Skimmed milk powder valuation revised to $4/kg
KARACHI: Pakistan Customs has revised the valuation of skimmed milk powder at $4 per kilogram imported from Australia and New Zealand for the determination of duty and taxes, Customs sources…
FPCCI lambasts port authorities for mishandling export containers
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lambasted the attituted of port authorities in handling the containers for exports proceeds during inspection by Anti-Narcotic Force (ANF)…
FBR should not be allowed to devise economic policies: PSMA
KARACHI: Tanvir Ahmed Sufi, Chairman, Pakistan Soap Manufacturers Association (PSMA) has said that the Federal Board of Revenue (FBR) should not be allowed to devise economic policies. “It (FBR) should…
FPCCI seeks extension in filing of income tax return to December 31
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday urged the Federal Board of Revenue (FBR) to extend the last date for filing of income tax return…
Dar to announce setting up commission for single stage sales tax
ISLAMABAD: Finance Minister Ishaq Dar in his budget speech to announce formation of a commission to deliberate single stage sales tax rate and to revert the field formation of Federal…
FPCCI proposes single digit sales tax with elimination of refunds claims/adjustment
KARACHI: Syed Mazhar Ali Nasir, Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday demanded for reform in existing Sales tax regime. He emphasized…
Customs values for Toiletries Low-End Brands determined up to $3.15 per KG
Karachi: The Directorate General of Customs Valuation through Valuation Ruling No.596/2013 has determined the values of Toiletries low end and unknown brands up to $3.15 per kilogram for assessment and…