KARACHI: Manufacturers and exporters have expressed concerns over the severe shortage of industrial raw material that was artificially created by local producers. In a statement on Thursday President, North Karachi Association of Trade and Industry (NKATI), Faisal Moiz Khan, while expressing deep concern over the artificial scarcity created by local producers of industrial raw materials […]
KARACHI: Federal Board of Revenue (FBR) has been urged to allow tax holiday to import of industrial raw material in order to help the country to fetch much needed foreign exchange through enhanced exports. Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2020/2021 submitted to the FBR, said that Pakistan’s exports […]
KARACHI – The Federal Board of Revenue (FBR) has introduced a streamlined procedure for taxpayers to apply for the reduced rate of withholding income tax on the import of raw materials through the online system, Iris.