Five customs officials submit asset declaration; performance allowance restored

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KARACHI: Federal Board of Revenue (FBR) on Thursday restored performance allowance (equivalent to 100 percent basic pay) of five customs officials BS-16 on submission of declaration of assets.

SRB explains tax payable on franchise services

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KARACHI: Sindh Revenue Board (SRB) has explained tax payable on services rendered by franchise and in this regard the provincial revenue authority amended the Sndh Sales Tax on Services Rules, 2011.

Customs collectorates to remain open midnight of June 30 for revenue collection

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ISLAMABAD: Customs collectorates will remain open till mid-night of June 30 in order to facilitate the trade for collection of duty and taxes. The customs stations will also observe extended working hours on June 22, 23, 24 and 29 for the purpose.

SECP issues forms for reporting beneficial ownership

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SEC) on Thursday issued the forms for reporting beneficial ownership information as required under section 452 of the Companies Act, 2017.

Sugar export deadline extended by 22 days only for Afghanistan

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KARACHI: The government has extended the deadline for sugar export to Afghanistan through land route as the border was closed from May 05 to 27.

Banks to remain close on July 03

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KARACHI: State Bank of Pakistan (SBP) on Thursday said that all banks and development financial institutions will remain closed for public dealings on July 3, 2017.

NTC imposes 24.04 percent anti-dumping duty on CC steel billets on China import

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KARACHI: National Tariff Commission (NTC) has imposed 24.04 percent anti-dumping duty on continuous casting steel (billets) from China for a period of five years effective from June 22, 2017.

FBR imposes up to 60pc regulatory duty on vehicle imports

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed up to 60 percent ad valorem regulatory duty on import of luxury vehicles. The FBR issued SRO 504(I)/2017 on Wednesday to implement the regulatory duty on various goods and vehicles.

Banks to remain open for extended hours on June 30 for revenue collection

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KARACHI: State Bank of Pakistan (SBP) on Wednesday announced that commercial banks will remain open for extended hours on June 30, 2017 to facilitate the collection of duty and taxes.