FBR records 31 percent decline in May collection

ISLAMABAD: Federal Board of Revenue (FBR) has recorded 31 percent decline in revenue collection during May 2020 owing to halt in economic activities after lockdown imposition. According to provisional figures released by... Read more »

Shopkeepers to implement ‘no mask, no service’; NCOC discusses easing lockdown

ISLAMABAD: Market associations to be engaged for implementation of COVID-19 guidelines and Standard Operating Procedures (SOPs) for prevention the spread of coronavirus. This was discussed at a meeting of National Command and... Read more »

FBR discontinues manual payment of income tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) has discontinued manual issuance of income tax refunds with immediate effect to ensure transparency. The release of income tax refunds will be carried out electronically, said... Read more »

Garments exporters demand sales tax zero rating revival

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded the tax authorities to reintroduce zero-rated sales tax regime. In its proposals for budget 2020/2021 submitted to Federal Board of... Read more »

OICCI suggests eliminating Sindh infrastructure cess

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the Sindh government to withdraw infrastructure cess for easing cost of doing business. In its proposals for provincial budget 2020/2021, the... Read more »

SRB urged to allow normal tax for car dealers

KARACHI: Sindh Revenue Board (SRB) has been urged to bring authorized dealers of car manufacturers into normal tax regime. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget... Read more »

NCOC recommends shutting educational institutions till August

ISLAMABAD: National Command and Operation Centre (NCOC) on Saturday recommended that the educational institutions should be kept closed till August as the summer season and pandemic would be at its peak on... Read more »

Karachi Chamber seeks fair tax treatment for commercial importers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has sought fair treatment on collection of withholding tax for commercial importers on import of industrial raw material. KCCI in its budget proposals submitted... Read more »

Weekly Review: stock market likely stay positive as lockdown eases

KARACHI: The stock market likely to stay positive during next week due to resumption of business activities after ease in lockdown. Analysts at Arif Habib Limited said that the market to remain... Read more »

KCCI proposes regularizing gold, jewellery sector

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has submitted proposals to tax authorities for regularizing gold and jewellery sector. In its proposals for budget 2020/2021, the KCCI said that gold and... Read more »