May 3, 2024

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Pakistan Revenue

Month: April 2019

Ministry notifies implementation of labeling, printing requirements on imported goods from July 01
Apr 10
Pakistan Customs, Taxation

Ministry notifies implementation of labeling, printing requirements on imported goods from July 01

ISLAMABAD: The ministry of commerce on Tuesday notified the implementation of labeling and printing conditions on imported goods from July 01, 2019. The commerce ministry issued SRO 438(I)/2019 to amend Import Policy Order, 2016 and deferred the implementation of labeling requirement and mandatory description of goods in Urdu language till June 30, 2019. The ministry […]

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MCC Islamabad announces auction of vehicle on April 11
Apr 10
Pakistan Customs, Taxation

MCC Islamabad announces auction of vehicle on April 11

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has announced public auction of confiscated vehicles and those vehicles surrendered by Prime Minister House under austerity measures and surrendered by National Agricultural Research Centre (NARC) Islamabad. The auction has been scheduled on April 11, 2019 Following confiscated vehicles would be presented for auction: 01. Mercedez Benz Car E200, […]

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FBR waives penalty on overstayed consignments
Apr 9
Taxation

FBR waives penalty on overstayed consignments

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday waived penal surcharges on overstayed consignments to facilitate trade community. The FBR said that the waiver had been granted in pursuance to decision taken at the Economic Coordination Committee (ECC) of the Cabinet held on March 27, 2019 to waive penal surcharges on the overstayed cargoes at […]

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Rupee ends firmer in range bound trading
Apr 9
Money & Banking

Rupee ends firmer in range bound trading

KARACHI: The Pak Rupee ended firmer against dollar on Tuesday in a range bound trading activity. The rupee ended Rs141.38 to the dollar from previous day’s closing of Rs141.39 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded a high of Rs141.40 […]

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CDC freezes shares of Ansari Sugar Mills Central Depository Company
Apr 9
Corporate, Stock & Commodity

CDC freezes shares of Ansari Sugar Mills

KARACHI: Central Depository Company of Pakistan (CDC) on Tuesday frozen ordinary shares of Ansari Sugar Mills following placement of the company on defaulter segment by Pakistan Stock Exchange (PSX). A notification issued by the CDC informed that consequent to placement of Ansari Sugar Mills Limited on the defaulter’s segment by the PSX with effect from […]

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PTCL facilitates payment for Netflix subscription
Apr 9
IT & Telecom

PTCL facilitates payment for Netflix subscription

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has facilitated its customers for pay subscription of Netflix, the world’s leading internet entertainment service, in their monthly broadband bills. A statement on Monday said that the PTCL had partnered with Netflix. “This partnership will enable PTCL customers to easily pay for their Netflix subscription as part of their […]

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All tax exemptions to have sunset clause: MTEF
Apr 8
Exclusive, Taxation

All tax exemptions to have sunset clause: MTEF

ISLAMABAD: The ministry of finance on Monday launched Medium-Term Economic Framework (MTEF), which envisaged that all permanent exemptions to be withdrawn or have a sunset clause. The MTEF said that presently tax policy has a predominant revenue focus and as such is likely to create distortions in the economy which can adversely affect the growth […]

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