Country spends $333.7 million on import of mobile phones, telecom apparatus in July-Sept


KARACHI: The country has spent foreign exchange worth $333.7 million on import of mobile phones and other telecom apparatus in first three months of current fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Saturday.

Import of CBU vehicles surges by 44.57pc in first quarter of FY18


KARACHI: Import of completely built up (CBU) vehicles has surged by 44.57 percent in first quarter of current fiscal year due to high demand in the local market.

Parliament approval must for imposing regulatory duty


LAHORE: The All Pakistan Business Forum has rejected the imposition of additional regulatory duty on import, saying the government neither can impose any duty nor enhance taxes without the approval of the parliament. The regulatory duty was imposed by the government on 797 items including industry raw material without taking the business community on board who are the real stakeholders.

SECP issues instructions to listed companies for efiling financial statements


ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has directed all listed companies to submit their annual and quarterly financial statements through commission’s eServices.

Tax Year 2017 return filing sharply increases by 111.55pc: FBR


ISLAMABAD: The income tax return filing for tax year sharply increased by 111.55 percent up to October 18, 2017 as compared with the same date of last year, Federal Board of Revenue (FBR) said on Friday.

FBR says levy of duties aimed at reducing import bill


ISLAMABAD: Federal Board of Revenue (FBR) has said that the purpose of recently-levied duties is to reduce the import bill, provide enabling atmosphere for competition to local manufacturers and further economic growth of the country.

Cosmetic items attract 50pc regulatory duty


ISLAMABAD: The government imposed 50 percent regulatory duty on import of cosmetic items under SRO 1035(I)/2017 dated October 16, 2017.

National Savings to launch Rs100,000 denomination bonds

ISLAMABAD: National Savings is planning to launch Rs100,000 denomination prize bonds. The high denomination instrument is series of registered prize bonds especially after Rs40,000 premium prize bonds.

FBR directed to remove tax anomaly in Behbood Certificates, Pensioners Benefits Accounts


ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has directed Federal Board of Revenue (FBR) to remove anomaly in tax treatment of Behbood Certificates and Pensioners Benefits Accounts.