Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The SITE Association of Industry (SAI) has lauded Prime Minister Shehbaz Sharif’s decision to abolish the 0.25 per cent Export Development Surcharge (EDS), terming it a timely intervention that…
KARACHI: The Pakistan Yarn Merchants Association (PYMA) has categorically rejected the inclusion of Articles 37-A and 37-B in the Sales Tax Act under the recent Finance Bill. In an appeal…
ISLAMABAD: In a formal ceremony held at the Supreme Court of Pakistan on May 27, 2025, the country’s highest judicial authority awarded a Commendation Certificate to the members of the…
Karachi: Chairman of the Businessmen Panel (BMP) and former FPCCI President Mian Anjum Nisar stated that the recently enforced Tax Laws (Amendment) Ordinance 2025 was issued without consulting relevant stakeholders,…
KARACHI: The SITE Association of Industry (SAI) has made an urgent appeal to the Prime Minister of Pakistan to withdraw the recently promulgated Income Tax Ordinance (Ordinance No. IV of…
Islamabad: Shahbanu Ghaznavi, a distinguished member of the Federal Board of Revenue (FBR), has filed a petition in Islamabad courts seeking a review of the pervasive corrupt practices within Pakistan’s…
KARACHI: On the special directions of the Prime Minister, a three-day training program aimed at enhancing the capacity of Customs prosecutors concluded in Karachi. The program, conducted by the Ministry…
ISLAMABAD: In a decisive move to overhaul Pakistan’s maritime industry, Prime Minister Shahbaz Sharif has endorsed a series of sweeping reforms as proposed by the Task Force on Revamping of…
In a decisive move to address the rampant issue of sales tax frauds, the Prime Minister has constituted a Joint Inquiry Team with immediate effect. The team comprises a diverse…
KARACHI: Keeping in view the grievances being suffered by millions of senior citizens above 60 years of age, President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani urged…
KARACHI: The Federal Bureau of Revenue (FBR) has extended the deadline for submitting tax returns for the financial year 2024 to October 14, a 14-day extension. This extension is in…
KARACHI: The Prime Minister has given approval-in-principle to the Federal Board of Revenue (FBR)’s Transformation Plan. To ensure the effective implementation of this plan, the Prime Minister has established several…
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: With help of newly introduced Highly-Sophisticated Digitalization Initiatives/IT Systems introduced by Prime Minister of Pakistan in FBR as per Reforms Agenda, the FBR’s Directorate of Internal Audit-Inland Revenue Karachi…
KARACHI: There have been significant developments at Federal Board of Revenue (FBR), wherein certain officers were moved from Admin Pool, SHC has summoned Customs I&I Karachi Officers in contempt proceedings,…
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: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has said that only those issues brought forcefully into the limelight either through street protests or strikes receive…
KARACHI: The enforcement of axle load regulations for truck carriage has inadvertently led to increased extortion from traders for the transportation of goods within Pakistan. This exploitation has significantly raised…
KARACHI: Exporters are grappling with significant challenges caused by delays in the approval of the Export Facilitation Scheme (EFS) by the Customs Export Collectorate, Karachi. These delays have resulted in…
KARACHI: SITE, Pakistan’s Industrial Powerhouse and the SITE Association of Industry (SAI) is the voice of Pakistan’s largest & most diverse industrial base. The Industrial Sector contributes 20-22% to the…
