Pakistan Customs, Tax, Shipping & Business News Resource
Policy Consistency, Competitive Energy Tariffs Vital for Economic Stability: Abdul Rehman Fudda. Govt Must Restore Business Confidence Through Concrete Measures, Says SITE President. KARACHI: President of the SITE Association of…
ISLAMABAD: In a major policy shift aimed at stimulating the real estate sector, the government has announced significant reductions in withholding tax rates for property purchases while abolishing federal excise…
In a move aimed at providing substantial tax relief to businesses, the government has proposed significant changes to the Super Tax rates under Division IIB, Part-I of the First Schedule.…
KARACHI: Pakistan government is likely to propose changes to income tax slabs aimed at providing relief to salaried individuals. The revisions, outlined under Division-I, Part-I of the First Schedule, would…
Tobacco farmers in Khyber Pakhtunkhwa (KP) are deeply concerned about the government’s decision to dissolve the Pakistan Tobacco Board (PTB), fearing that it will lead to financial hardship, market instability,…
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…