Three FBR officers promoted to BS-22

KARACHI: The establishment division on Friday notified promotion of three senior officials of Federal Board of Revenue (FBR) to BS-22 with immediate effect. According to notification issued by the FBR, two officers... Read more »

Remittances fall by 18.6 percent in May 2020

KARACHI: The inflow of workers’ remittance has registered 18.6 percent decline in May 2020 due to job losses and closure of borders due to coronavirus. The inflow of workers’ remittances was at... Read more »

Advance ruling in Customs laws introduced

ISLAMABAD: The government has introduced mechanism of advance ruling to facilitate importers and investors to ensure transparency in clearance process. Section 212B has been inserted to the Customs Act, 1969 through Finance... Read more »

Customs duty exempted on import of industrial raw material

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar announced to exempt customs duties on import of industrial raw material. While presenting the Budget 2020/2021, the minister highlighted the key points of... Read more »

Budget salient features related to Income Tax

ISLAMABAD: Federal Board of Revenue (FBR) issued budget salient feature related to income tax presented through Finance Bill, 2020. INCOME TAX RELIEF MEASURES • Deletion of Withholding Taxes To augment efforts towards... Read more »

Budget salient features related to Sales Tax, FED

ISLAMABAD: Federal Board of Revenue (FBR) issued budget salient feature related to sales tax and federal excise duty (FED) presented through Finance Bill, 2020. RELIEF MEASURES The minimum threshold of supplies by... Read more »

Budget salient features related to customs duty

ISLAMABAD: Federal Board of Revenue (FBR) issued budget salient feature related to Customs duty presented through Finance Bill, 2020. Industrial Relief Measures Exemption of additional custom duties on those tariff lines which... Read more »

Budget 2020/2021 at a glance

ISLAMABAD: Hammad Azhar, Federal Minister for Industries and Production, on Friday presented budget 2020/2021 in National Assembly. Following is the budget at glance. Read more »

Budget 2020/2021 unveiled; no new tax; fiscal deficit estimated at 7pc

ISLAMABAD: Hammad Azhar, Federal Minister for Industries and Production, on Friday presented budget 2020/2021 on floor of house claiming to be a corona-hit budget with no new tax. The budget 2020/2021 has... Read more »

Rupee gains 35 paisas on inflows

KARACHI: The Pak Rupee gained 35 paisas against dollar on Friday owing to improved inflows of export receipts and remittances. The rupee ended Rs164.24 to the dollar from previous day’s closing of... Read more »