Pakistan Revenue
KARACHI: The import of mobile phones has surged by 79.46 percent during first seven months (July – January) of current fiscal year owing to reduction in tax rate by the government to promote digital economy. The import of mobile phones increased to $760.58 million during first seven months of current fiscal year as compared with […]
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KARACHI: Pakistan has imported mobile phones worth Rs26 billion during first two months of current fiscal year, which is 52.4 percent higher when compared with Rs16.98 billion in the same period of the last fiscal year. The higher import of mobile phones can be attributed to massive depreciation of Pak Rupee during the comparative year […]
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ISLAMABAD: Pakistan has completely cut trade ties with India as the ministry of commerce issued notification for banning import and exports with the neighboring country. The ministry of commerce on Friday issued SRO 927(I)/2019 and SRO 928(I)/2019 to impose ban on trade with India. Through SRO 927 (I)/2019, the ministry of commerce amended Import Policy […]
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KARACHI – Dr. Falak Naz, the Director General (Quarantine) of the Department of Plant Protection (DPP), pledged to take all necessary measures to protect Pakistan from the infiltration of diseases through imported commodities.
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The Income Tax Ordinance, 2001 outlines the collection of withholding tax at the import stage in Pakistan. This is a crucial revenue collection mechanism and is primarily administered by the Collector of Customs.
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KARACHI – Pakistan’s trade deficit has shown signs of improvement, narrowing by $1 billion or 5.6 percent during the first half of the fiscal year 2018-2019.
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