SRB suspends sales tax registration of M/s. Fiber Link

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Fiber Link (Private) Limited for failing to make payment and filing of monthly sales tax returns.

SRB restores sales tax registration of M/s. Multinet Pakistan

KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of M/s. Multinet Pakistan Pvt Limited with immediate effect, which was suspended for non-compliance with payment and return filing.

FBR notifies functions of IOCO directorate

ISLAMABAD: Federal Board of Revenue (FBR) has notified functions of the Directorate General of Input Output Coefficient Organization (IOCO) for determination of duty drawback rates for repayment.

Import of steel products as raw material allowed reduced duty rate

ISLAMABAD: The federal government has allowed reduced rate of customs duty on import of steel products as raw material by amending existing notification.

Customs duty exempted on import of electric vehicles

ISLAMABAD: The government has exempted the customs duty on import of electric vehicles Completely Buildup Unit (CBU) meant for transport of persons.

FBR issues procedure for sale of confiscated tampered vehicles

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued procedure for sale of confiscated vehicles with tempered chassis number to government and semi government departments.

SBP increases policy rate to 6.5pc for next two months

KARACHI: State Bank of Pakistan (SBP) on Friday announced to increase policy rate by 50 basis points to 6.5 percent for the next two months effective from Monday May 28, 2018.

FBR notifies imposition of 2pc additional customs duty

ISLAMABAD: Federal Board of Revenue (FBR) has notified additional customs duty at 2 percent on import of goods specified in the First Schedule to the Customs Act, 1969.

FBR revises customs duty on imports under China FTA

ISLAMABAD: Federal Board of Revenue (FBR) has notified revised rate of customs duty for import of goods from China under Free Trade Agreement (FTA).

FBR withdraws regulatory duty on over 250 tariff lines

ISLAMABAD: Federal Board of Revenue (FBR) has abolished regulatory duty on over 250 tariff lines to 480 from 731 tariff lines.