KARACHI – Pakistan Customs has announced the imposition of a 10 percent fine on the total amount of duty and taxes involved for the clearance of unregistered mobile phones.
(more…)Author: Hamza Shahnawaz
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Incentives fail to improve textile export
Pakistan’s textile industry, despite benefiting from incentives related to duties and taxes, has failed to achieve significant improvements in exports.
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Advance tax on domestic, international air tickets adjustable
The Federal Board of Revenue (FBR) has recently introduced revised advance tax rates on both domestic and international air tickets to be collected from purchasers.
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Preliminary report on Karachi deep sea drilling submitted
KARACHI – A multinational joint venture comprising ENI, Exploration and Production Pakistan BV (EEPP), and Pakistan Petroleum Limited (PPL) has initiated the preliminary phase of offshore drilling for oil and gas in Karachi’s ultra-deep waters.
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