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1. Revenue collection up 27pc in Feb
(Highlights/Business News)
...  The figure was Rs143.224bn in the same month of last year. The government imposed 10pc regulatory duty on 314 items earlier this month, and also increased general sales tax (GST) on petroleum ...
Saturday, 28 February 2015
Monday, 02 June 2014
3. ECC approves Rs1.6 billion Ramazan package
(Highlights/Business News)
Friday, 18 April 2014
4. Bridging the tax gap
(Highlights/Business News)
... schemes. There is an enormous revenue loss due to exemptions, allowances and deductions from income tax, sales tax and customs duty, which was Rs887.5 billion or equal to 3.9pc of GDP in fiscal year ...
Monday, 07 April 2014
5. Trade deficit shrinks to $12.5bn
(Highlights/Business News)
...  on Monday. The ministry of commerce has estimated that exports will pick up in the months ahead because of duty exemptions on goods following GSP+ scheme. But growth in exports will depend o ...
Tuesday, 11 March 2014
Thursday, 27 February 2014
KARACHI: Minister for Commerce and Textile Industry Khurram Dastgir Khan has said that wide-ranging adjustments and changes will be introduced in duty and tariff structures in the next budget. ...
Saturday, 22 February 2014
...  corporations and it is the duty of local authorities to abide by the contractual obligations. After Wapda floated the tenders, 19 firms purchased the documents but only the Sinohydro-Hajvairy (JV ...
Thursday, 06 February 2014
... regard noted that the rates of cotton in the country are comparatively less than other countries. The anti-dumping duty and other taxes should be reduced to achieve the maximum benefit from  ...
Thursday, 16 January 2014
10. Making remittances more productive
(Highlights/Business News)
...  and are an indirect source of revenue as these funds are spent on both imported and indigenously produced goods and services, subject to sales tax, import duty and value added tax. In a scenario o ...
Monday, 06 January 2014
11. Govt finalises SRO withdrawal plan
(Highlights/Business News)
... estimated to have a revenue impact of more than Rs240bn besides over Rs150bn on account of customs duty exemptions besides other areas like income tax etc.  ...
Saturday, 28 December 2013
12. Hybrid cars to cost kitty over $5m
(Highlights/Business News)
... tax (GST) and 37.5pc customs duty. After deducting 43pc duties and taxes, the price of Prius comes to Rs2.5 million or $24,000 based on one dollar valued at Rs106. One can easily calculate the ...
Saturday, 28 December 2013
13. Trade, industry laud GSP plus status
(Highlights/Business News)
Friday, 13 December 2013
14. Stocks close above 25,000-level
(Highlights/Business News)
... ions at concessionary duty rates or duty free, making products cheaper for European importers. Dealers at brokerage Sherman Securities pointed out that the cement stocks continued to show str ...
Friday, 13 December 2013
15. EU grants GSP Plus status to Pakistan
(Highlights/Business News)
ISLAMABAD: The European Union (EU) on Thursday granted Generalised System of Preferences (GSP) Plus status to Pakistan with an impressive count of 406 votes, granting Pakistani products a duty free ...
Friday, 13 December 2013
16. Khanani and Kalia directors acquitted
(Highlights/Business News)
...  transfers at the behest of businessmen to generate the under-invoiced amount required to be paid illegally to foreign exporters to evade the import duty and taxes. Their counsel, Shaukat H Zubed ...
Wednesday, 30 October 2013
17. Dollar hits record amid gold ban
(Highlights/Business News)
...  which siphoned off dollars from the open market. The rise was the result of increasing duty on gold import by the Indian government which rose to 10 percent. It encourages smuggling gold into Indi ...
Saturday, 31 August 2013
18. Govt earned Rs595bn from oil, gas in FY13
(Highlights/Business News)
... es like OGDCL, PSO, PPL, SSGC and SNGPL. The total earnings were, therefore, worked out at about Rs620bn. This did not include excise duty and different provincial taxes on oil and gas sector and cust ...
Saturday, 31 August 2013
19. India's GDP shows continuing slowdown
(Highlights/Business News)
... on the economy of emerging countries," he said. The Indian government has raised the import duty on gold and increased deposit rates to stem the outflow of money.  ...
Saturday, 31 August 2013
20.
(Highlights/Business News)
Monday, 12 August 2013
Friday, 02 August 2013
22. Reversal of adverse budgetary steps sought
(Highlights/Business News)
Friday, 02 August 2013
23. FPCCI demands resolution of budget problems
(Highlights/Business News)
Thursday, 01 August 2013
Saturday, 27 July 2013
Some Collectors of Customs on Tuesday rectified an error by collecting 16 percent standard rate of Federal Excise Duty (FED) on the import of edible oil instead of 17 percent. It is learnt that the customs ...
Wednesday, 24 July 2013
26. Garment cities can grab $120b export market
(Highlights/Business News)
Tuesday, 16 July 2013
... ces. As a result the government may lose both sales tax and customs duty due to under-invoicing on imported items. On the other hand the general public will face more inflation and prices of all commod ...
Monday, 15 July 2013
...  be no loadshedding during Sehr and Iftar timings. He said he would talk to the prime minister for removing the duty on solar panels. He was talking as a participant in the Geo News programme Capital Talk ...
Thursday, 11 July 2013
29. Slow trading on cotton market
(Highlights/Business News)
Friday, 28 June 2013
30. KSE criticises income support levy
(Highlights/Business News)
Wednesday, 26 June 2013

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