FBR to impose 25% sales tax on imported luxury and non-essential items
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.…
PML-N government increases GST rate to 18%; 10% adjustable tax on shares purchase
KARACHI: PML-N led government has proposed a mini budget at the National Assembly in order to comply with the conditions of International Monetary Fund (IMF). Finance Minister Muhammad Ishaq Dar…
17% GST imposed on $3.7bn worth of plant & machinery imports
KARACHI: Through the mini-budget, the government has proposed implementation of 17% GST on 140 items which are essentially consumable and industrial goods. “Amongst plant and machinery imports, our back of…
Mini-budget: Car prices to surge in range of Rs65,000 to Rs500,000
KARACHI: The mini-budget tabled before the National Assembly has proposed several taxation measures on automobile sector, which would increase car prices (both imported and locally assembled) significantly. Vehicle prices in…
Mini-budget tabled before National Assembly, Rs343 billion tax exemptions withdrawn
KARACHI: Government has announced the mini-budget which effectively withdraws tax exemptions to the tune of Rs343 billion. The supplementary finance bill was tabled at National Assembly on Thursday. The government…
Mini budget in two months to slap more taxes
KARACHI: The Pakistan Tehreek-e-Insaf (PTI) government is set to unveil a mini-budget within two months to slap additional taxes of around Rs150 billion aimed at achieving the downward-revised annual tax…
Any mini budget, additional taxes to prove ruinous for economy: KCCI
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) reacting to rumors and media buzz going on about the announcement of yet another mini budget or imposition of additional taxes to…
Finance Supplementary 2nd Amendment: Growth, boost rightly supersede deficit worry
OPINION: Thank God, we have finally realized that, what we needed the most was growth and the overall boost to the economy through corrective structural measures rather than the typical…
Transfers and postings in PCS delayed until after mini-budget
KARACHI: Large scale transfers and postings in Pakistan Customs Service, that had been finalized by the Federal Board of Revenue (FBR), have been delayed due to the mini-budget being announced…
PTI government must consult KCCI prior to announcing mini budget: Chairman BMG
KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has stressed that the PTI government must honor all its commitments made…
Mini-budget to shrink the economy, hit masses: Tax Bar
ISLAMABAD: Rawalpindi Islamabad Tax Bar Association (RITBA) on Wednesday warned that forthcoming mini-budget to result in contraction of the troubled economy adding to the plight of masses. The new taxation…
Another mini-budget on the cards: Asad Umar
KARACHI: Hinting towards another ‘mini-budget’ to address the economic challenges facing the country, Finance Minister Asad Umar said financial aid received from Saudi Arabia, China and the United Arab Emirates…