PNSC to start ferry service from Karachi to Pasni, Gwadar, Chabahar as govt waives off port charges
ISLAMABAD: The Pakistan National Shipping Corporation (PNSC) is considering starting passenger cum cargo ferry service in the country. In this...
Higher sales tax rates direct co-relation with price hike: Finance Ministry
ISLAMABAD: Finance Ministry is of the viewpoint that sales tax at a higher rate has direct co-relation with hike in...
Capital Gain Tax casts no adverse impact on real estate market: FBR
ISLAMABAD: The number of transactions on immovable properties made by sellers under section 236-C of the Sales Tax Ordinance, reached...
Gwadar Port to grab lion’s share of Central Asian Republics trade
ISLAMABAD: Gwadar Port has the capacity to handle large crude containers of up to 500,000 tonnes deadweight and it will...
9th APCPC for rationalization of tax rates; sales & income tax
BHURBAN: All Pakistan Chambers Presidents’ Conference (APCPC), Tuesday, demanded of the government to rationalization of both the sales and income...
Dr. Muhammad Irshad compulsory for govt to meet revenue target & passage of budget
ISLAMABAD: The Acting Chairman Federal Board of Revenue (FBR) Dr. Muhammad Irshad, Member Operations Inland Revenue is the best option...
MoC seeking new international markets through active trade diplomacy
ISLAMABAD: The Ministry of Commerce is trying to search out new markets for Pakistani exports through active trade diplomacy. In...
Govt decides not to issue license to foreign trawlers in Pakistani maritime boundaries
ISLAMABAD: The Ministry of Ports and Shipping is not considering on any proposal for issuance of 100 licenses to various...
Dispute between Customs, PNSC, regarding payment of duties on new tugboats resolved
ISLAMABAD: A dispute between the Pakistan Customs and the Pakistan National Shipping Corporation (PNSC), pertaining to the payment of duties...
Senate Commerce body for transferring EDF from Finance Ministry to Commerce Ministry
ISLAMABAD: The Senate Standing Committee on Commerce, Tuesday, recommended to the government to transfer the responsibility of collection of export...
FBR bears Rs70-80b revenue shortfall due to stablization of PoL prices
ISLAMABAD: The Federal Board of Revenue (FBR) has met revenue shortfall up to Rs 70 to 80 billion since last...
Rs 4,638.431m transferred to Export Development Fund in five years
ISLAMABAD: The Finance Division has transferred Rs 4,638.431 million to the Export Development Fund (EDF) during the last five fiscal...
FBR soon to reduce sales tax from 16pc to 5pc on marriage halls in Islamabad
ISLAMABAD: The Federal Board of Revenue (FBR) is likely to reduce the rate of sales tax from 16 percent to...
FBR eyes mega revenue collection with completion of infrastructure related projects
ISLAMABAD: The Federal Board of Revenue (FBR) has high expectations about increasing the revenue collection with the improved performance of...
FBR to launch pilot project to monitor payment of taxes by cellular companies
ISLAMABAD: The Federal Board of Revenue (FBR) is going to launch a pilot project for real-time connectivity to monitor the...
Senate Ports & Shipping Committee steps in to resolve issues between FBR, KPT
ISLAMABAD: The Senate Standing Committee on Ports and Shipping has decided to step in to resolve the outstanding issues between...
Senate body asks Commerce Ministry to take necessary measures to enhance exports
ISLAMABAD: The National Assembly Standing Committee on Commerce on Friday expressed grave concern over the declining trend in exports and...
Banks to be liable for sharing account holders’ data with tax authorities: Nisar
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan, said that banks would have to share data and information...
FBR collects Rs 51m from real estate sector in first 20 days of amnesty scheme
ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 51 million income tax out of 1,919 transactions of land...
Senate Finance & Revenue body recommends time-bound tax amnesty scheme
ISLAMABAD: The Senate Standing Committee on Finance and Revenue has recommended a time bound across the board amnesty scheme, especially...
