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FBR estimating cost of exemptions in FY 2013-14
ISLAMABAD: Federal Board of Revenue is trying to find out the total cost of exemptions on income tax, sales tax...
Trade bodies concerned over working scenario in collectorates
KARACHI: The trade bodies including importers and Customs agents have expressed deep concern over the current working scenario in all...
SRO 896 (I)/2013 draws manufacturers’ ire
ISLAMABAD: The embattled manufacturing sector has shown its concern over the FBR move to slap 2 percent extra-tax on manufacturers’...
Sales taxes collection up 22.8pc in 1st half of FY13-14
ISLAMABAD: The collection of all federal taxes, especially the Sales Tax, has recorded a substantial growth in the first half...
Higher tax revenue to overcome economic crunch: Dastgir
ISLAMABAD: Minister for Commerce and Textile Engineer Khurram Dastgir said that the government is trying to widen the tax net...
FBR tightens the noose around under-reported real estate businesses
KARACHI: Federal Board of Revenue is considering forced acquisition of properties where under-reporting against fair market value is detected and...
Customs duty reduced on goods imported from SAARC members
ISLAMABAD: Government has announced tariff concessions on the import of additional 340 items, which includes crude oil from South Asian...
NADRA ready to identify 3.6m potential taxpayers
ISLAMABAD: There are 3.6 million new potential taxpayers that Federal Board of Revenue can pursue, senior officials of NADRA claimed....
Dar explains economic revival plan
ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar has said that the government’s policies were directed towards sustainable economic growth...
Rs18,773,388m FED on edible oils recovered till end of Dec
KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate MCC-Appraisement (East) has collected an amount of Rs18,773,388 million...
MCC Port Qasim collects Rs108,517m in 2nd quarter
KARACHI: The Model Customs Collectorate (MCC) Bin Qasim Port failed, for the second consecutive quarter, to achieve the targeted revenue...
FBR soothes irate PAC, gives MPs clean chit on tax issue
ISLAMABAD: The Federal Board of Revenue (FBR) soothed the frayed tempers of members of Public Accounts Committee (PAC) by giving...
Amends to customs baggage rules on the cards to honour taxpayers
ISLAMABAD: The government has decided issuance of Taxpayers Privilege Cards (TPC) to top taxpayers and granting them incentives through amendment...
Import of edible oils: Customs blows the lid off huge tax evasion
KARACHI: Pakistan Customs has blew the lid off of a tax evasion scam in the import of edible oils, causing...
DCAs in Customs House Karachi to launch protest
KARACHI: Data Controlling Assistants (DCAs) in Computer Bureau Department, Customs House Karachi are going to launch a protest against non-compliance...
FBR collects Rs1020b in 6 months; shortfall remains Rs80-85b
ISLAMABAD: Federal Board of Revenue has recorded a huge revenue shortfall of Rs80-85 billion in the first two quarters of...
Land for transshipment hub: PIFFA, Bahria varsity sign MoU
KARACHI: A Memorandum of Understanding (MoU) in order to allot a piece of land for constructing transshipment hub in Karachi,...
ECNEC approves ten projects totalling Rs. 218.554 billion
ISLAMABAD: A meeting of the Executive Committee of the National Economic Council (ECNEC) was held at the Prime Minister’s Office,...
Export consignments held with fake exemption documents
KARACHI: Pakistan Customs has seized consignments of export goods with fake exemption documents at a green channel facility according to...
Govt to accord non-discriminatory access status to India: Dastgir
ISLAMABAD: The Minister of State for Commerce and Textile Khurram Dastgir said that rather than MFN status, the government is...
