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FBR assigned revenue collection target of Rs4963b for FY202-21
ISLAMABAD: Federal Board of Revenue (FBR) has been assigned 27 percent higher revenue collection target for fiscal year 2020 despite...
Highlights of major changes to sales tax through Finance Bill 2020
ISLAMABAD: The government has proposed major changes to sales tax law through Finance Bill 2020 to be applicable from July...
Govt allocates Rs40b for Railways in budget 2020-21
RAWALPINDI: The federal government has earmarked Rs40 billion for the Railway sector in the national budget for the year 2020-21...
Exporters expected to face challenging environment due to global coronavirus pandemic
KARACHI: The government has said it expects exporters to face a challenging domestic and external environment in the upcoming fiscal...
Budget 2020-21: Reduction of customs duty on 40 raw materials of various industries
KARACHI: Following are the salient features of custom duty and regulatory duty measures proposed by the government for FY 2020-21....
FBR empowered third party real-time access to information, database
ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to real-time access to third-party information and database for identifying new...
Sindh governor orders to purchase 50 fire tenders for Karachi industrial areas
KARACHI: Sindh Governor Imran Ismail ordered to purchase 50 fire tenders and two water bowsers for industrial areas of Karachi....
Govt introduces advance ruling in customs laws
ISLAMABAD: The government has introduced mechanism of advance ruling to facilitate importers and investors to ensure transparency in clearance process....
Locust swarm may further cut in export receipts
Govt needs to hire planes from abroad on lease or use Army Aviation planes for aerial spraying against calamity: REAP...
RCCI terms budget 2020-21 below expectations
RAWALPINDI: Saboor Malik, President, Rawalpindi Chamber of Commerce and Industry (RCCI), while responding to the budget for fiscal 2020-21, said...
Quetta Customs seizes smuggled goods worth Rs40m
QUETTA: Collectorate of Customs Enforcement and Compliance and FC (North) in a joint intelligence based operation raided two godowns simultaneously...
ACT Wind signs deal with Chinese wind turbine producer to expand renewable energy
BEIJING: A major developer of wind energy in Pakistan, ACT Wind (Pvt) Limited, has signed a contract with Xinjiang Goldwind...
Federal govt unveils Rs1.324tr development budget
ISLAMABAD: Pursuing an approach of balanced development across the country to help promote harmony and national integration, the government on...
Gold prices edge lower
KARACHI: The gold prices on Friday decreased by Rs 150 per tola in the local market and currently trading at...
No new taxes imposed as PTI govt presents Rs7.13tr budget
ISLAMABAD: Minister for Industries Hammad Azhar is presenting the much-anticipated budget for the fiscal year 2021-2022 in National Assembly. The...
Pak rupee gains 35 paisas against US dollar owing to improved inflows
KARACHI: The Pak Rupee gained 35 paisas against dollar on Friday owing to improved inflows of export receipts and remittances....
Govt decides to rationalize duty, tariff structure for 30,000 raw materials, intermediary goods
ISLAMABAD: The government has decided to rationalise duty, tariff structure for over 30,000 raw materials and intermediary goods for boosting...
IMF eases tax collection target of Pakistan
ISLAMABAD: The International Monetary Fund (IMF) has shown agreement to relax tax collection target set up to Rs4,950 billion to...
Punjab to present over Rs2.4tr budget on June 15
LAHORE: Punjab is likely to present over Rs2.4 trillion budget for the fiscal year 2020-21 on June 15 with an...
Federal Cabinet approves budget 2020-21
ISLAMABAD: The Federal Cabinet on Friday formally approved federal budget for the fiscal year 2020-21 which will now be presented...
