Bill proposes valuation in US Dollar for imported mobile phones to collect smart phone levy

KARACHI: The Finance Supplementary (Second Amendment), 2019 has proposed to determine the valuation of imported mobile phones in US Dollar for collection of levy on smart phones. Read more »

Rupee gains 20 paisas in open market

KARACHI: The Pak Rupee gained 20 paisas against dollar on Saturday in open market as significant inflows received by Pakistan under foreign financial assistance. Read more »

New policy to review 7,000 tariff lines for enhancing exports, investment: Razak Dawood

KARACHI: The government will review 7,000 customs tariff lines in the new national tariff policy in order to promote investment in Pakistan, Abdul Razak Dawood, Adviser to Prime Minister on Commerce and... Read more »

Weekly Review: equity market to continue positive rally on foreign inflows

KARACHI: The equity market to continue its positive rally during the next week on the back of improved foreign inflows in the local bourse, analysts said on Saturday.       Analysts... Read more »

Customs, regulatory duties on 135 tariff lines to be reduced / eliminated for raw materials

ISLAMABAD: The government has identified 135 customs tariff lines for eliminating or reducing customs duty, additional customs duty and regulatory duty for enhancing export and industrial output.     In his speech... Read more »

Rs400 million penalty amount waived for clearance of stuck up goods at bonded warehouses

KARACHI: The government has announced to waive penalty amounting Rs400 million for release of goods stuck up in customs bonded warehouses. Read more »

Changes to sales tax exemptions proposed

KARACHI: The government has proposed changes through Finance Supplementary (Second Amendment) Bill, 2019 to exemptions allowed under sales tax laws to various sectors. Read more »

PBC resents restoration of final tax regime for commercial importers

KARACHI: The business association of multinational companies (MNCs) has strongly criticized the proposed restoration of Final Tax Regime (FTR) for commercial importers. Read more »

Cabinet approves 20pc increase for EOBI pensioners

ISLAMABAD: The federal cabinet has approved 20 percent increase for pensioners of Employees Old-Age Benefits Institution (EOBI). Read more »