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Businessmen contributing over Rs2400b in custom duty other taxes to national kitty

byM Hayat

20/10/2020

LAHORE: The business community has been contributing over Rs626 billion as customs duty, Rs250 billon as federal excise duty (FED)...

Gold imports decline 73pc in 1Q of FY21

ISLAMABAD: The imports of gold into the country witnessed decline of 73.04 percent during the first quarter (Q1) of the...

Pak Rupee strengthens by 11 paisas against USD

KARACHI: The Pak Rupee gained 11 paisas against dollar on Monday owing to improved economic indicators. The rupee ended Rs162.38...

Govt should provide conducive environment for economic progress: Nasir Mirza

RAWALPINDI: The President of Rawalpindi Chamber of Commerce and Industry (RCCI) Nasir Mirza has said that the government should provide...

HCCI Patron in Chief calls office bearers to strive for businessmen betterment

HYDERABAD: The Patron-in-Chief of Hyderabad Chamber of Commerce and Industry Goharullah has called upon the newly elected HCCI office bearers...

Cutlery export increases 17.68pc in 3 months

ISLAMABAD: The cutlery exports from the country witnessed an increase of 17.68 percent during the first three months of current...

Quetta Customs, LEAs taking effective measures to curb smuggling: Collector Irfan Javed

byTariq Derya

QUETTA: Collectorate of Customs Enforcement and Compliance Collector Irfan Javed has said that due to inter-agency cooperation and effective crackdown,...

A scene at one of the supermarket in Paranaque City, a shopper checks on sweetened drinks. Report said that Consumer prices in January rose at the fastest pace in over 3 years, exceeding expectations, as the government implemented the first tranche of tax reforms.The consumer price index rose 4 percent, compared to the 3.3-percent increase last December. Analysts polled by Bloomberg predicted a 3.5-percent uptick. It was the fastest increase since Oct. 2014.he government implemented higher taxes on fuel, sugar-sweetened drinks and cars from Jan. 1 to offset a reduction in personal income tax rates and help fund President Rodrigo Duterte's P8-trillion infrastructure program.Photo by:NONIE REYES

Food industry forms trade body

LAHORE: Leading national and multi-national food-enterprises operating in the country have formed the Pakistan Association of Food Industries (PAFI). The...

Multan I&I earns Rs65.03m through auction of vehicles & goods

MULTAN: Directorate of Customs Intelligence and Investigation (I&I) generated Rs65.03 million through auction of non-customs paid vehicles and miscellaneous goods....

Container ships wait to be unloaded at the Port of Oakland on Wednesday, March 7, 2018, in Oakland, Calif. The U.S. trade deficit rose in January to the highest level since October 2008, defying President Donald Trump's efforts to bring more balance to America's trade with the rest of the world, the Commerce Department said Wednesday. (AP Photo/Ben Margot)

KPT shipping intelligence report Oct 19

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...

PTBA demands separate zones for sales tax

byM Hayat

LAHORE: Pakistan Tax Bar Association (PTBA) has demanded a separate zone for sales tax in an anticipation to increase the...

China’s economic recovery quickens as consumption returns

BEIJING: China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, however, overall growth missed...

6000 allotees of Fazaia Housing scam laud services of NAB DD Salahuddin Mughal

KARACHI: After six months of tireless work of NAB’s Deputy Director Salahuddin and excellent cooperation with the victims, the matter...

Sales tax evasion of Rs95.108m: IR lodges FIR against M/s Royal Industries

byM.B. Rana