Pakistan Customs, Tax, Shipping & Business News Resource
Islamabad: OICCI presented its key taxation proposals for 2023-24 budget to Minister of Finance ( MOF) , Mr M. Ishaq Dar on June 3rd. The meeting was attended by the…
According to Ministry of Finance, the UAE has provided assurance that it will provide additional deposit of US$1bn to Pakistan, paving the way for Pakistan to sign a Staff Level…
Pakistan’s problems are temporary and are being forcefully addressed. Pakistan’s foreign exchange reserves have fallen since February as foreign exchange inflows have been outpaced by outflows. The inflows mainly comprise…
KARACHI: The Ministry of Finance has slapped Regulatory Duty (RD) in the range of 5.0% to 90% on 611 different importable items including vehicles to discourage unnecessary imports, while RD…
KARACHI: Pakistan Customs will be the lead agency of Pakistan Single Window (PSW) operations and Member Customs would serve as the Secretary of the Governing Council, while Special Judges Customs…
ISLAMABAD: The Federal Cabinet, in its meeting on 24 November 2020, demonstrated its unequivocal support to the CCP by approving the issuance of a statutory regulatory order (SRO), prescribing 3%…
Taking cognizance of the SMEs finding difficulties in arranging adequate collateral and banks’ risk averseness in taking exposures for such lending under the SBPs Refinance Scheme to Support Employment and…
ISLAMABAD: The International Monetary Fund (IMF) has agreed to relax budget deficit ceiling aimed at allowing Pakistan to meet emergency fiscal needs to fight deadly coronavirus contagion that has started…
KARACHI: The Ministry of Finance has imposed a foreign travel embargo on Director General Customs Intelligence & Investigation, Shaukat Ali as the officer is facing multiple inquiries and investigations, sources…
KARACHI: The Ministry of Finance, Economic Affairs, Statistics and Revenue vide SRO 630(I)/2018 has imposed additional customs duty at the rate of 2.0 percent on import of goods specified in…
KARACHI: Realizing the losses made to exporters of the country after the Brexit in Europe, federal government has agreed to help the exporters through exemption in taxes. Federal Minister of…
KARACHI: Islamabad High Court (IHC) comprising Judge Noor-ul-Haq Qureshi dismissed a writ petition filed by M/s Kingcrete Builders against Federal Board of Revenue (FBR). The said petition was filed against…
KARACHI: The government of Pakistan has levied additional customs-duty on import of goods specified in the First Schedule to the said Act at the rate of 1.0 percent of the…
KARACHI: The Ministry of Finance has finalized several statutory regulatory orders (SROs), which would be notified shortly effecting drastic changes in concessionary imports regime and duty structure for various products.…