Listless trading on cotton market
KARACHI: A festive mood prevailed on the cotton market when trading resumed on Tuesday after Eidul Azha holidays, however activity remained poor due to thin attendance of traders.
Phutti (seed...
Talks to meet economic challenges under way: FPCCI
HYDERABAD: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Zubair F. Tufail has informed that the government has started consultation with the business community to meet the...
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...
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...
No change witnessed on cotton market
KARACHI: Persistent demand helped the rates to sustain overnight levels on the cotton market on Wednesday in the process of trading, dealers said.
The official spot rate was unchanged at...
Importers found concealing financials to evade taxes
KARACHI: The Federal Board of Revenue (FBR) has found importers involved in concealment of their financial transactions to evade taxes, a tax official said on Monday.
The official said 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 surges 19.5pc in September
ISLAMABAD: Pakistan`s trade deficit widened by 19.49 per cent to $2.391 billion in September, compared to $2.001bn during the same month last year, data released by the Pakistan Bureau...
FBR seeks tax proposals for upcoming budget
ISLAMABAD - The Federal Board of Revenue (FBR) has sought proposals from all the stakeholders for upcoming budget 2018-19, urging that the suggestions must reach the board by January...
Exports register 15pc growth
ISLAMABAD: Exports grew nearly 15 per cent year-on-year in December 2017, raising hopes about a revival in the overseas sales of Pakistani goods.
The upward trend in exports will contribute...