KARACHI: Petroleum import bill fell to $11.88 billion in first eight months (July – February) of fiscal year 2022/2023, according to data released by Pakistan Bureau of Statistics (PBS).
ISLAMABAD: Pakistan’s gold import bill soared by 107 per cent during first seven months (July – January) 2022-2023, according to data released by Pakistan Bureau of Statistics (PBS).
Pakistan imports mobile phones worth Rs93 billion during first seven months (July – January) 2022-2023 amid challenging economic conditions.
ISLAMABAD: The present coalition government has accepted demand of business community and in the budget 2022/2023 brought importers back into final tax regime. Through Finance Bill, 2022 important amendment has been suggested to Section 148 of the Income Tax Ordinance, 2001. READ MORE: New ADR mechanism introduced to facilitate taxpayers Previously, PTI government after consultation […]
KARACHI: A 100 per cent cash margin requirement on imports to be imposed in order to discourage rising foreign purchases, market sources said on Wednesday. The sources said that restriction on cash margin has been imposed to discourage import and support balance of payment. The rupee is continuously falling and making lows for the past […]
ISLAMABAD: Pakistan’s trade deficit has narrowed by 34.42 percent during first five months (July – November) of current fiscal year owing to improvement in exports, said Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce, Textile, Industry & Production and Investment, on Sunday. In a tweet message, he said that as a result […]
Minimum tax regime has been withdrawn on commercial imports by the government of Pakistan. The importers of finished goods were subject to pay 5 percent minimum tax.