Karachi, May 21, 2021 (Pkrevenue.com) – The Karachi Chamber of Commerce and Industry (KCCI) has proposed a rationalization of tariffs on the import of black tea in its recommendations for the upcoming budget for the fiscal year 2024-25.
(more…)Author: Shahnawaz Akhter
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KCCI Urges Removal of Regulatory Duty on Steel Imports
Karachi, May 21, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has called for the elimination of regulatory duty (RD) on the import of steel products in its budget proposals for the fiscal year 2024-25.
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FBR Bans Visitor Entry in HQs Amid Budget Preparation
Islamabad, May 21, 2024 – In a move aimed at maintaining confidentiality and ensuring the smooth preparation of the annual revenue budget for 2024-25, the Federal Board of Revenue (FBR) has imposed a ban on the entry of visitors into its Islamabad headquarters effective immediately.
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FBR Eyes New Real Estate Tax to Generate Rs 500 Billion
Karachi, May 21, 2024 – The Federal Board of Revenue (FBR) is considering imposing a new tax on the real estate sector, aiming to tap into an estimated Rs 500 billion.
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Pakistan Import Payments to India Rise by 13% in 10MFY24
Pakistan has reported a notable increase of 13% in import payments to neighboring India during the first ten months (July – April) of the fiscal year 2023-24.
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Bank Deposits in Pakistan Hit Record High at Rs 28.42 Trillion
Karachi, May 20, 2024 – Bank deposits in Pakistan have soared to an unprecedented high, reaching Rs 28.42 trillion by the end of April 2024, according to official data released on Monday.
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FBR Reports 4.30 Million Active Taxpayers
Karachi, May 20, 2024 – The Federal Board of Revenue (FBR) reported on Monday that the number of active taxpayers for the tax year 2023 has surged to 4.30 million.
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KCCI Seeks Sales Tax Exemption on Gold Import
Karachi, May 20, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to grant a sales tax exemption on the import of gold for export purposes.
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KCCI Pushes for Inclusion of Commercial Importers in FTR
The Karachi Chamber of Commerce and Industry (KCCI) has called for the inclusion of commercial importers into the Final Tax Regime (FTR), particularly concerning the tax treatment at the import stage.
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PBC Recommends Abolishing Section 8B of Sales Tax Act
Karachi, May 19, 2024 – The Pakistan Business Council (PBC) has proposed the abolition of Section 8B of the Sales Tax Act, 1990, in its budget recommendations for the fiscal year 2024-25.
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