Pakistan petroleum products sales surge 10 percent in May
KARACHI: Petroleum, oil and lubricants (POL) sales clocked in at 2.43 million tons in May 2017, up by 10 percent on monthly basis. Cumulatively, the sales volume in eleven months…
Pakistan’s petroleum consumption declines in February
KARACHI: Pakistan’s total energy sales of petroleum oil and lubricants clocked-in at 1.74 million tons in February 2017, down 15 percent compared to sales in January 2017 while sales volume…
MCC Gwadar surpasses revenue collection target
KARACHI: MCC Gwadar has exceeded Revenue Collection over the assigned target by massive 78 percent for the first quarter (July- September FY 2016-17. Total revenue collection target of the Collectorate…
SHC summons Collector Customs Hyderabad on Aug 23 in contempt cases
KARACHI: A divisional bench of High Court of Sindh (SHC) summoned Collector Customs, Model Customs Collectorate, Hyderabad on Aug 23 in two different but identical applications for contempt of court.…
Inland Revenue focuses on CREST to generate additional revenue to meet target
KARACHI: The Federal Board of Revenue (FBR) has initiated a campaign to make up for the losses caused by lower oil prices in the estimated targets of sales tax collection.…
MCC Gwadar surpasses revenue collection target
KARACHI: Model Customs Collectorate of Gwadar has surpassed the revenue collection target by 31 percent during the first ten months of the financial year (July-April 2015-16). MCC Gwadar was assigned…
Duty collection on import of oil products misses the target by 17 percent
KARACHI: The collection of revenue in terms of duty and taxes on the import of oil including petroleum and edible oil remained 17 percent short of the target during October…