January 22, 2022

Pkrevenue.com

Pakistan Revenue

Tag: sugar

Retail price of sugar may be abolished for sales tax
Jan 10
Taxation, Top stories

Retail price of sugar may be abolished for sales tax

ISLAMABAD: The government has proposed to withdraw sugar for charging sales tax on retail price by making amendment in the main tax law. Through Finance (Supplementary) Bill, 2021 dated December 30, 2021, the government proposed to withdraw the condition of collecting sales tax on sugar retail price. The government after just six months of making […]

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FPCCI recommends interprovincial trade of sugar
Nov 24
Trade & Industry

FPCCI recommends interprovincial trade of sugar

KARACHI: Mian Nasser Hyatt Maggo, President, Federation of Pakistan Chambers of Commerce and Industry (FPCC), has recommended trade and transportation of sugar and sugarcane at interprovincial level. In a statement on Wednesday, Maggo observed that market forces allowed under fair and transparent conditions do have the potential to stabilize the sugar market and ensure availability […]

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FBR bans sugar bags movement without tax stamps
Nov 12
Taxation, Top stories

FBR bans sugar bags movement without tax stamps

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday has taken major decision to ban removal of sugar bags from factory premises without affixation of tax stamp. The condition has been imposed to implement track and trace system for monitoring of production and supply of the commodity for the crushing season 2021-2022. In order to […]

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ECC stresses commodities stocks amid Afghan situation
Aug 26
Finance

ECC stresses commodities stocks amid Afghan situation

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday emphasized the importance of building strategic reserves of commodities in wake of evolving situation in Afghanistan. The committee discussed that the situation in Afghanistan may affect the prices in the domestic market. Federal Minister for Finance and Revenue, Shaukat Tarin, presided over the ECC […]

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Karachi Port confirms sinking of sugar cargo container
Aug 1
Ports and Shipping

Karachi Port confirms sinking of sugar cargo container

KARACHI: Karachi Port Trust (KPT) has confirmed the sinking of a container laden with sugar through a statement released few moments ago. It is stated: “Truck loaded with sugar cargo while leaving berth number 5, East Wharf, after issuance of bilty encountered mechanical failure at around 5:20 pm today [Saturday], dated: 31.07.2021, fell in port […]

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