Feb 6

KCCI expresses concerns over sudden stoppage of National Saving payments

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Saturday expressed deep concerns over sudden stoppage of payments by National Saving Centers (NSCs) and urged the government take immediate action in this regard. KCCI President Shariq Vohra in a statement, while expressing deep concerns over the sudden stoppage of payments by NSCs, urged the government […]

by Mrs. Anjum Shahnawaz

Petroleum levy collection registers 100 percent increase

Feb 6

Energy

Petroleum levy collection registers 100 percent increase

ISLAMABAD: The collection of petroleum levy has registered almost 100 percent increase during the first half of the current fiscal year, according to official statistics made available on Saturday. The collection of petroleum levy increased to Rs275 billion during July – December of the current fiscal year as compared with Rs138 billion in the corresponding […]

by Mrs. Anjum Shahnawaz

Motor vehicle tax collection grows by 15pc to Rs12.7 billion in 1HFY21

Feb 6

Automotive, Taxation

Motor vehicle tax collection grows by 15pc to Rs12.7 billion in 1HFY21

ISLAMABAD: The collection of motor vehicle tax has increased by 15 percent to Rs12.7 billion during the first half (July – December) of 2020/2021 owing to improved business and commercial activities after ease in coronavirus lockdown. According to official statistics made available on Saturday, the motor vehicle tax collected by all the provinces increased to […]

by Mrs. Anjum Shahnawaz

Retail price defined under Sales Tax Act

Feb 6

Definitions

Retail price defined under Sales Tax Act

Sales Tax Act, 1990 has defined ‘retail price’ as a price fixed for sales of goods to the end consumers. The Sales Tax Act, 1990 [updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR)] defines the ‘retail price’ with reference to the Third Schedule of the Act, as the price […]

by Mrs. Anjum Shahnawaz

Customs reluctant to give WeBOC access to ANF

Feb 6

Trade & Industry

Customs reluctant to give WeBOC access to ANF

KARACHI: Brigadier Syed Waqar Haider Rizvi, Force Commander Anti Narcotics Force (ANF) said that the force has not direct access to export related documents on Customs online system i.e. WeBOC, according to a statement issued on Saturday. He said that ANF does not require any sort of undertaking or affidavit from a clearing agent or […]

by Mrs. Anjum Shahnawaz

Feb 6

Stock & Commodity

Weekly Review: market likely to stay green as COVID cases decline

KARACHI: The stock market likely to stay green during next week as the country recorded a decline in infection rate of COVID cases. Analysts at Arif Habib Limited said that the market to continue trading in the green. COVID cases have seen a further decline with infection ratios coming down to below 4 percent this […]

by Mrs. Anjum Shahnawaz

Exports cross $2 billion for four consecutive months in eight years

Feb 6

Finance

Exports cross $2 billion for four consecutive months in eight years

ISLAMABAD: Pakistan’s exports have crossed over $2 billion for the fourth consecutive months in January 2021 for the first time in last eight years, a statement said on Friday. A consultative meeting was held by the Advisor to Prime Minister on Commerce and Investment, Abdul Razaq Dawood, via video link to review the provisional trade […]

by Mrs. Anjum Shahnawaz