FBR likely to support super tax continuation
ISLAMABAD - The Federal Board of Revenue (FBR) would likely to recommend the government to continue with the super tax for next fiscal year -a tax imposed for the...
LCCI calls for downward revision of property taxes
LAHORE: The Lahore Chamber of Commerce and Industry on Wednesday called for downward revision of property taxes, claiming that the existing rates are hindering business growth.
The LCCI raised the...
.PITF 2017 to help boost trade with friendly countries
KARACHI - President Mamnoon Hussain has said that Pakistan International Trade Fair (PITF 2017) will provide excellent opportunities for progress and improvement of industry and commerce.
The president further said...
SCB to provide RMB-based solutions to traders (Economic corridor )
ISLAMABAD: Standard Chartered Bank under Belt and Road Initiative (BRI) of China is all set to provide RMB-based solutions to importers and exporters for maximizing share of trade for...
Audit and reconciliation: WeBOC system to collect transactions records of taxpayers online
KARACHI: The WeBOC system will be able to collect transactions records of the taxpayers online for audit and reconciliation after the launch of e-payment system, likely to be operational...
Speakers welcome growing use of technology in industry
KARACHI: The adaptability of the industry to technology and digitalization would optimize the customer satisfaction as well as boost their volume and profit, speakers believed at a seminar on...
Textiles ministry to receive Rs40b claims till April 2018
ISLAMABAD - The Ministry of Textiles will receive Rs40 billion worth claims of January 16, 2017 to June 30, 2017 till April 2018 under the prime minister package.
In a...
Exporters demand payment of Rs100bn sales tax refunds
LAHORE: As the government is set to present the most controversial budget, the exporters have demanded payment of over Rs100 billion sales tax refunds to deal with liquidity crunch.
The...
Govt working on new initiatives to up exports
KARACHI - Federal Secretary for Commerce Muhammad Younas Dagha on Wednesday assured exporters that the government was working on various new initiatives for promoting exports that include extending maximum...
Trade deficit likely to widen to record $35b
ISLAMABAD - Pakistan’s trade deficit is likely to swell to record $36 billion during current fiscal year (FY2018) due to massive increase in imports as compared to the exports.
Country’s imports...