Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman has welcomed the State Bank' removal of the condition of Cash Margin Restriction (CMR) on imported goods. He said that…
KARACHI: The Federal Board of Revenue (FBR) FBR will issue a statutory regulatory order (SRO) to impose 25% sales tax on a wide range of imported luxury and non-essential items.…
Since 05th July State Bank of Pakistan made circular and execute its strictness to file prior allow to SBP of all types of plant and machinery, which fall on Tariff…
KARACHI: Revenue Division has raised the rate of regulatory duty to 100 per cent on import of motor vehicles into the country. The Federal Board of Revenue (FBR) issued SRO…
KARACHI: Government has lifted ban on all import of luxury and non-essential items. The ministry of commerce issued SRO 1562(I)/2022 for lifting the ban on luxury and non-essential items, including…
KARACHI: Around 2000 contained loaded with banned luxury items are stuck up at port of Karachi choking these ports, Customs News learnt from market sources including importers. The goods awaiting…
KARACHI: Abdul Samad, employee of a shipping agent firm M/s Rapid Shipping & Cargo, accused of providing doubtful Bill of Lading was admitted to bail by Special Court for Custom,…
KARACHI: The cut-off date for import of luxury items will be counted from the date of House Bill of Lading or Master Bill of Lading. This question came before a…
KARACHI: Government recently took measures to ban import of luxury items to curtail outflow of foreign exchange reserves of the country. Analysts believe that given our rising Balance of Payment…
KARACHI: Federal Board of Revenue (FBR) has taken a serious notice of seizure and detention of food stuff and other items under SRO 598(1)/2022. FBR noted that ban is placed…
KARACHI: Government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”. Government will practice austerity and financially stronger people must lead in…
KARACHI: Federal Budget 2018-19 has proposed several revenue measures including rationalization of custom duty on several importable items along with imposition and increase in regulatory duty on certain goods. It…