KARACHI: Pakistan has inaugurated the night navigation system for large vessels at Port Qasim, marking a significant milestone in the country’s maritime history.
(more…)Author: Mrs. Anjum Shahnawaz
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State Bank estimates 9.2pc decline in cotton output in current fiscal year
KARACHI: The State Bank of Pakistan (SBP) said that latest estimates for cotton crop reveal a worrying picture, as the total production in FY19 is estimated at 10.8 million bales, a decrease of 9.2 percent over the last year’s production level, and trailing 24.3 percent behind the targeted level of 14.4 million bales for the year.
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Income Tax Ordinance 2001: Tax recovery through arrest, attachment of property
KARACHI: Federal Board of Revenue (FBR) has powers to attach moveable or immovable properties and through arrest of a person for recovery of due amount of taxes.
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US-China trade tensions: Opportunities, challenges for Pakistan
KARACHI: The State Bank of Pakistan (SBP) in its report on Tuesday highlighted opportunities and challenges for Pakistan in ongoing tensions between the US and China, which have contributed to big swings in key commodity prices and has added uncertainty to the global trade dynamics.
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Unreported gains find way to country’s property market: State Bank
KARACHI: A significant share of the unreported gains finds its way to the country’s property market, which is characterized by low regulatory oversight and absence of concrete know-your-customer requirements, State Bank of Pakistan (SBP) said on Tuesday in a report.
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Sindh Revenue Board introduces e-hearing for taxpayers facilitation
KARACHI: Sindh Revenue Board (SRB) has introduced e-hearing of appeals in order to provide facilitation to taxpayers of Hyderabad and Sukkur regions.
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FPCCI welcomes decision for making Torkham Border operational
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed its approval of the government’s decision to make the Torkham Border operational around the clock.
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Eliminating all tax exemptions, concessions planned
KARACHI: The government considering to withdraw all types of tax exemptions and concessions during next few years.
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