Apr 11

Tax incentives for all sectors demanded; letter sent to PM

KARACHI: Business community has urged the government to grant tax relief package for all sectors of the economy in order to dilute the adverse effect of coronavirus. Agha Shahab Ahmed Khan, President, Karachi Chamber of Commerce & Industry (KCCI) while emphasizing the need to consider out of the box solutions, urged the government to formulate […]

by Anjum Shah

PM announces tax incentive package for construction industry

Apr 4

Taxation

PM announces tax incentive package for construction industry

ISLAMABAD: Prime Minister Imran Khan on Friday announced a comprehensive tax incentive package for construction industry and allowed opening of activities in this sector from April 14, 2020. According to state-run media the prime minister announced the opening of construction sector from April 14 to help the country’s daily wagers and laborers, affected by continued […]

by Anjum Shah

Tax Amendment Ordinance: exemption, incentives announced for foreign investment in debt securities

Jan 2

Taxation

Tax Amendment Ordinance: exemption, incentives announced for foreign investment in debt securities

ISLAMABAD: The government has announced a comprehensive package of tax incentive and exemptions to attract foreign investment into debt securities. The Federal Board of Revenue (FBR) issued salient features on Wednesday to explain amendments to Income Tax Ordinance, 2001 brought through Tax Laws (Second Amendment) Ordinance, 2019. The FBR said that the existing foreign exchange […]

by Anjum Shah

Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

Dec 1

Automotive

Locally manufactured two-, three electric wheelers proposed 1pc sales tax for seven years

ISLAMABAD: All two and three wheelers manufactured under Electric Vehicle Policy will sold at less than one percent sales tax for next seven years to bring the purchase price of EVs down, according to the policy. However, all two and three-wheeler EV’s imported shall be sold at one percent sales tax for the next five […]

by Anjum Shah

Incentives fail to improve textile export

Jan 16

Trade & Industry

Incentives fail to improve textile export

KARACHI: Textile industry has failed to improve exports despite availing incentives of duty and taxes. The textile exports growth was remained flat at 0.6 percent during first half of the current fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Wednesday. The textile exports were at $6.645 billion during July – […]

by Hamza Shah