Indicator suggests further weakening of goods trade into third quarter: WTO

KARACHI: The growth of world merchandise trade volumes is likely to remain weak in the third quarter of 2019 according to the WTO’s Goods Trade Barometer, released on Thursday. The latest reading of 95.7 from the barometer, formerly the World Trade Outlook Indicator (WTOI), is lower than the previous release and signals that stronger trade […]

by Mrs. Anjum Shahnawaz

KCAA urges shipping companies to observe normal working day on Saturday

KARACHI: Karachi Customs Agents Association (KCAA) on Thursday urged the shipping companies to remain open on Saturday August 17 in order to facilitate trade after week-long holidays. Arshad Khurshid, General Secretary, KCAA said that after week-long holidays due to Eid and weekly holidays since last Saturday many vessels had been arrived. Besides large number of […]

by Mrs. Anjum Shahnawaz

FBR issues withholding tax rate on purchase of air tickets for tax year 2019/2020

KARACHI: Federal Board of Revenue (FBR) has issued adjustable withholding tax rate on purchase of international air ticket effective for Tax Year 2019/2020. The FBR said that airlines issuing the air tickets shall collect withholding tax under Section 236L of Income Tax Ordinance, 2001 from the purchasers of international air travel ticket at the time […]

by Mrs. Anjum Shahnawaz