Pakistan Customs, Tax, Shipping & Business News Resource
Islamabad: The Federal Board of Revenue (FBR) has unveiled a set of proposed amendments to the Customs Rules, 2001, aimed at refining procedural frameworks for export-oriented industries and enhancing regulatory…
ISLAMABAD: Pakistan’s Finance Bill has introduced a new Cargo Tracking System and an electronic bilty (e-bilty) mechanism to monitor the movement of goods across the country. Under the proposed law,…
ISLAMABAD: A proposed amendment to the Customs Act of 1969, introduced in the Finance Bill, aims to modernize the country’s customs assessment and examination framework by incorporating centralized units and…
KARACHI: The latest Finance Bill has introduced significant structural changes to Pakistan’s customs administration, including the establishment of new directorates and the reallocation of key responsibilities. Among the major reforms,…
In a move aimed at providing substantial tax relief to businesses, the government has proposed significant changes to the Super Tax rates under Division IIB, Part-I of the First Schedule.…
KARACHI: Pakistan government is likely to propose changes to income tax slabs aimed at providing relief to salaried individuals. The revisions, outlined under Division-I, Part-I of the First Schedule, would…
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has released a Consultation Paper on Standard Principles for Recognition and Conduct of Industry Associations, introducing a strategic framework aimed at…
KARACHI: The Federal Board of Revenue (FBR) has proposed a series of amendments to the Customs Rules aimed at securing government revenue and discouraging mis-declaration. The new amendments stipulate that…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Fourth Schedule of the Companies Act, 2017. These amendments enhance the list of disclosures made in…
KARACHI: In a bid to prevent under-invoicing in exports and boost the foreign exchange earnings of the country, the Director of Customs Intelligence and Investigation (I&I) Karachi, Engineer Habib Ahmed,…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified draft amendments to the Companies (Further Issue of Shares) Regulations, 2020, for eliciting public opinion. The amendments are aimed…
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has led a high-profile delegation of FPCCI to meet Mr. Ishaq Dar, federal minister for finance & revenue, to present FPCCI’s budget…
KARACHI: In order to eliminate smuggling, the government has proposed harsh punishments for persons involved in smuggling goods in or out of Pakistan. If the value of the smuggled goods…
KARACHI: In order to ensure smooth and quick proceedings under Transports Internationaux Routiers (TIR), Collector of Customs Adjudication-II has proposed to notify a new set of TIR Rules. According to…
KARACHI: MCC Preventive has suggested certain amendments in the Customs Rules to avoid ambiguities in the law relating to Customs agents and shipping agents and their responsibilities. The Board has…
KARACHI: The MCC Exports has proposed that DTRE facility may be extended to the vending industry as well because an exporter can get his goods manufactured from any person anywhere…
KARACHI: The Karachi Tax Bar Association (KTBA) has suggested that the tax structure for corporate sector should be rationalized and tax rates for listed companies should at least be 5.0…
