LPG prices marginally reduced

KARACHI: The Oil & Gas Regulatory Authority (OGRA) has notified Rs2/kg reduction in the price of indigenous liquid petroleum gas (LPG) to Rs110/kg for the month of June 2020. According to a notification, the revised LPG price is Rs110,027/MT, which includes Rs4,669 of petroleum levy, Rs35,000 of marketing/distribution margin and… Continue reading

APCNGA Crude slips from $61 to $30, high sulphur down from $391 to $15, Ogra can reduce gas prices by implementing pricing formula CNG price is linked to oil, should be reduced: Ghiyas Paracha

The All Pakistan CNG Association (APCNGA) on Monday said prices of local gas are linked to the oil price in the international market, therefore its price can be reduced by 40 percent amid unprecedented crude crisis. Any hike in the price of oil in the international market is implemented in… Continue reading

Customs duty reduced on 34 tariff lines

KARACHI: The Finance Bill (Amendment) 2018 has proposed reduced rate of customs duty on 34 tariff lines through the proposed Table-C in the Fifth Schedule. 0.3% to 0.6% percent withholding tax, exporters should be exempted from this provision. Raw material that is not produced in Pakistan should be exempted from… Continue reading

Tax on mobile phone services reduced

KARACHI: Government of Pakistan has decided to reduce taxe on mobile phone service usage as a reduction of withholding tax and Federal Excise Duty on telecom services is proposed through Finance Bill 2017. According to proposed budget for year 2017-18, WHT or income tax for telecom services is reduced from… Continue reading

Backlog at KICT reduced by 80 percent

KARACHI: The container backlog at Karachi International Container Terminal (KICT)  has reduced by 80 percent with the joint efforts of MCC Appraisement West, KICT management and Karachi Customs Agents Association (KCAA). Senior Vice President of KCAA Nasim Askar said that a large quantity of containers had piled up at the… Continue reading

Sales tax on petroleum products reduced

KARACHI: The government has reduced sales tax rates on petroleum products to keep the end consumer prices unchanged during the month of June 2016. The rate of sales tax on high speed diesel is reduced to Rs18.47/liter from Rs25.16/liter earlier. Sales tax at the rate of RS5.58/liter will be applicable… Continue reading