Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: Malik Khuda Bakhsh, a core committee member of the United Business Group (UBG) and convener of the FPCCI Energy Committee, as well as an expert in petroleum and CNG,…
Governments have traditionally played a foundational role in the development of research and innovation eco-systems around the world. The role of Government as a risk-taker and a direct enabler of…
Federal Board of Revenue (FBR) has collected gross revenues of Rs 1,588 billion for the months of July & August 2024. Against a target of Rs. 1,554 billion, FBR has…
Karachi: “The government should take immediate and decisive action against illicit trade to enhance revenue and reduce the tax burden on the common citizen. It’s almost six weeks post the…
Karachi: the government of Prime Minister Shehbaz Sharif as “worse” manager of the economy, the country’s business owners have become more pessimistic about their future because of continued political turmoil…
KARACHI: Federal budget for the fiscal year 2024-25 has increased the maximum rate of petroleum to Rs 80 per liter on various petroleum products. Government has raised the petroleum levy…
KARACHI: Karachi Bar Association becomes the first organization of lawyers which has called a General Body meeting on Saturday to consider the situation arising out of letter by six judges…
KARACHI: Asif Sakhi, who is running for the Vice President position of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed his views on the current political…
KARACHI: Employers’ Federation of Pakistan delegation led by Former President Majyd Aziz and including Humayun Nazir, Director, and Syed Nazar Ali, Secretary General, had a meeting with Sindh Labor Secretary…
Karachi: Caretaker Finance Minister Dr Shamshad Akhtar has asked OICCI to support government’s endeavors to encourage foreign direct investment and invest in export-based industries to support countries development and contribute…
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has maintained that the government should have kept the petroleum prices unchanged – given the incrementally consecutive gains of the Pak Rupee…
Pakistan did not import any high-speed diesel (HSD) in July, as domestic demand is largely met from the commodity smuggled from Iran. According to diesel dealers in Baluchistan, 40,000 liters/day…
June 9, 2023: In a bid to boost the construction sector and promote homeownership, the government has announced the introduction of a tax credit for individuals undertaking the construction of…
The government has announced revised Super Tax slabs for the fiscal year 2023-24 (FY24), bringing significant changes for individuals with higher incomes. The new tax rates aim to ensure a…
In a move aimed at promoting the growth of the Information Technology (IT) and IT-enabled Services (ITeS) sectors, the government has announced a significant measure to support exporters. The government…
The government has announced a reduction in the customs duty (CD) on the import of hybrid electric vehicles (HEVs) in the fiscal budget 2023-24, which is expected to lower the…
Karachi: June 9, 2023 – In a bid to promote the manufacturing and production of solar photovoltaic (PV) modules in the country, the federal government has put forth a proposal…
Karachi: In a move aimed at boosting foreign currency inflows, the federal government of Pakistan has announced a significant increase in the monetary limit for individuals bringing in funds from…
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…
The government is expected to prioritize the agriculture sector in the upcoming FY24 budget, as it aims to achieve self-sufficiency in food staples and prevent the sector from getting affected…