FBR tightens rules to check superfluous imports
KARACHI: The Federal Board of Revenue (FBR) has tightened its clearance regulations to check unnecessary imports that cause a spread in trade deficit, officials said on Thursday.
The officials said...
PM for all-out efforts to boost exports
ISLAMABAD - Prime Minister Shahid Khaqan Abbasi has directed the Ministry of Commerce to ensure that all efforts should be made to give boost to the country’s exports.
The ministry...
KP seeks ten-year income tax exemption for PHCs
ISLAMABAD - The KP govt demanded of the federal government income tax exemption of ten years in the fiscal 2018-19 for Provincial Holding Oil and Gas Companies (PHCs).
The federal...
Upward Trend Seen in Cotton Prices
At the Karachi Cotton Exchange on Wednesday, trading continued to remain slow while spot rates increased Rs200/maund to Rs7,800/maund (37.324kg) and Rs8,359/40kg. Ex-Karachi rates also rose to Rs7,945/maund and...
FCCI slams FBR for its new condition of levying more tax
FAISALABAD: Sheikh Farooq Yusuf acting President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the suspension of major condition of the SRO 1125(I) 2011 which has made levy...
FPCCI stresses need for encouraging furniture sector
LAHORE: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Wednesday said that the local furniture sector attached great importance to the national economy and it can...
Sindh govt signs MoU with Russia
KARACHI: The Sindh government on Monday entered into a cooperation agreement with St.
Petersburg, the second-largest city in Russia, which aims to promote partnerships in trade, business, education, science and...
Export industries need better technology to acquire global competence
LAHORE: Industrial growth without exports have not served Pakistan well as industrialisation in the country is based on domestic consumption, and many exporting industries in fact have closed down...
LTBA accuses FBR of charging high tax from pensioners, BSC holders
LAHORE: President Lahore Tax Bar Association (LTBA) Ch Qamaruz Zaman has criticized Federal Board of Revenue (FBR) for charging high tax to pensioners and bearers of Bahbood Saving Certificates...
LCCI urges govt to withdraw infrastructure development cess
LAHORE: The Lahore Chamber of Commerce and Industry has urged the Punjab government to withdraw Punjab infrastructure development cess as it is a dual tax and distressing the industries...