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APCMA for cement industry exclusion from 3rd schedule of ST Act
ISLAMABAD: The Cement industry has vehemently advocated for the exclusion of cement from the third schedule Sales Tax Act which...
GB Business community in agony due to widening of lake
GILGIT: Gilgit-Urumqi Business Forum President Nazir Ahmad has urged the government to introduce tax concessions for the business community of...
FBR weighs up phase-wise hike in CGT rate
ISLAMABAD: The Federal Board of Revenue (FBR) is evaluating a proposal to phase in increase in the rate of capital...
Budget 2014-15: Rs255b new taxes to reduce deficit
ISLAMABAD: In order to bring down the budget deficit the government is expected to introduce new taxes in the upcoming...
Rs8 to 10b revenue expected: FBR proposes revival of SED
ISLAMABAD: The Federal Board of Revenue (FBR) has sent a proposal to the Finance Ministry, seeking restoration of special excise...
Pak-Afghan trade volume to be enhanced to $5bn
KABUL: Pakistan’s Ambassador to Afghanistan Syed Abrar Hussain and Afghan Deputy Minister for Trade Mozammil Shinwari have agreed that practical...
Gwadar port can handle ships of 50,000 DWT
ISLAMABAD: Minister for Ports and Shipping Kamran Michael said that Gwadar port can handle ships of 50,000 deadweight tonnage (DWT),...
No exemptions on incomes of President, ministers, generals: FBR
ISLAMABAD: Federal Board of Revenue has clarified that the incomes of the President of Pakistan, Federal Ministers, Chief of Staff...
KCCI welcomes suspension of SRO 351 (I)/ 2014
KARACHI: The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI) have...
Azerbaijan, Brazil come close for customs cooperation
BAKU: Azerbaijani and Brazilian officials have discussed the development of cooperation in the field of customs between the two countries....
Checking misuse: FBR mulls restricting ST registration to ‘manufacturers’
ISLAMABAD: The Federal Board of Revenue will restrict sales tax registration to the category of ‘manufacturers’ in different sectors specifically...
Industry warns tax hike to flourish illicit cigarette business
ISLAMABAD: The tobacco industry has urged the Ministry of Industries and Production against raising tax rate as it will help...
Tax-to-GDP declined: Dar presents 3yrs budget strategy paper to cabinet
ISLAMABAD: Finance Minister Ishaq Dar presented budget strategy paper for 2014-17 to the federal cabinet, setting ambitious targets for reduction...
FBR vets PCT ‘Others’ category to withdraw concession
ISLAMABAD: The Federal Board of Revenue (FBR) is reviewing entire Pakistan Customs Tariff (PCT) to withdraw concessionary rate of customs...
Despite GSP+, exports down by 10pc in April
ISLAMABAD: Pakistan’s exports trend started looking down after a gap of four months, witnessing a double-digit decline in April despite...
Customs Intelligence confiscates 912 smuggled LED TVs, tyres
LAHORE: Directorate General of Intelligence and Investigation-Customs has seized smuggled items worth millions of rupees while raiding shops and warehouses...
SRO 351(I)/2014: Dar stops implementation, business community jubilant
ISLAMABAD: Federal Finance Minister Ishaq Dar has suspended the implementation of the SRO 351 of 2014 and formed a committee...
Withdrawal of controversial SRO 351 (1) 2014 lauded
LAHORE: The Lahore Chamber of Commerce & Industry Friday welcomed the government decision to suspend controversial SRO 351 (1) 2014....
FPCCI laments multiple jurisdictions for assessment of taxpayers
KARACHI: Zakaria Usman, President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Federal Board of Revenue...
FBR to collect Rs530b in two months
LAHORE: Federal Board of Revenue’s Member Inland Revenue Service and Official Spokesman Shahid Hussain Asad had said that FBR has...
