Pakistan Revenue
A report released by World Trade Organization (WTO) on Tuesday showed that trade restrictions are increasing in a context of economic uncertainty exacerbated by the COVID-19 pandemic, the war in Ukraine and the food security crisis. According to the latest WTO Trade Monitoring Report presented at a meeting of the Trade Policy Review Body, WTO […]
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ISLAMABAD: Finance Division on Tuesday strongly rebutted the reports regarding proposals under consideration for imposing economic emergency. According to a statement issued by the finance division, a false message on supposed economic emergency proposals has been circulating on the social media in recent days. READ MORE: Pakistan purchases 450,000 metric tons wheat from Russia The […]
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ISLAMABAD: Federal Board of Revenue (FBR) has directed BS-21 officers to submit their declaration of assets otherwise their names will not be considered for promotion to next grade. In an official communication issued on Monday, the FBR directed BS-21 officers of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), who are in promotion zone, […]
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ISLAMABAD: Russia has agreed to provide oil at discounted rate to Pakistan, said Minister of State for Petroleum Dr Musadik Malik on Monday. He termed his recent visit to Russia ‘very successful’ as the host country, in principle, had decided to provide crude oil, refined petrol and diesel to Pakistan at a discounted rate. READ […]
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MANGLA: Prime Minister Shehbaz Sharif on Monday said that Pakistan is unable to bear the cost of heavy energy import bills in a situation when the economy is facing immense challenges. He said Pakistan was in dire need of generating cheap electricity as the energy import bill exorbitantly touched $27 billion. He was addressing the […]
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ISLAMABAD: Pakistan is purchasing of 450,000 metric tons wheat from Russia as country’s economic coordination committee approved a bid of a Russian company. The Economic Coordination Committee (ECC) of the Cabinet met on Monday which was presided over by Finance Minister Ishaq Dar. READ MORE: Saudi Arabia extends term of $3 billion deposit for Pakistan […]
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KARACHI: Korangi Association of Trade and Industry (KATI) has urged the government to withdraw the regulatory duty on yarn import because the levy would increase cost of product for textile industry. The Economic Coordination Committee (ECC) of the Cabinet on November 30, 2022 imposed five per cent regulatory duty on filament yarn. READ MORE: Merchants […]
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ISLAMABAD: Federal Board of Revenue (FBR) has nominated focal persons for resolving issues related IT industry. The following chief commissioners Inland Revenue (by designation) are nominated as focal persons for resolving problems and issues related to IT industry for the regions mentioned against each: Chief Commissioners – IR, Corporate Tax Office (CTO), Lahore, Islamabad and […]
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Pakistan has constituted a high powered commission for making suggestion to end the black economy or parallel economy. Finance Minister Ishaq Dar last week constituted a high powered tax commission for identifying bottlenecks in tax system and recommending pro-economic policies.
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Directorate of Customs Intelligence and Investigation, Gwadar announced auction of motor vehicles to be held on December 12, 2022 at Custom House, Gaddani. The directorate will hold auction of following vehicles: 01. Toyota Surf Jeep, Chassis No. GRN215-8110039, Model 2009(4000CC). READ MORE: Separate property declaration under Section 7E only for returns already filed 02. Toyota […]
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