Daily Archives: December 12, 2017

Pakistan, China agree to finalize revised FTA in Feb 2018

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ISLAMABAD: Pakistan and China have agreed to meet in February 2018 to finalize a revised Free Trade Agreement (FTA), a statement said on Wednesday.

Customs fixes valuation at $82,000 for clearance of rear engine intercity buses

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KARACHI: Pakistan Customs has fixed valuation up to $82,000 per piece for determination of duty and taxes on clearance of China – origin imported rear engine intercity buses.

FBR nominates 49 IRS officers of BS-19 for 23rd SMC

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KARACHI: Federal Board of Revenue (FBR) has issued nominations of 49 Inland Revenue Service (IRS) officers of BS-19 or equivalent for 23rd Senior Management Course (SMC) which will start from February 26, 2018 to June 15, 2018 at National Management College, Lahore and National Institute of Management, Islamabad, Karachi and Peshawar.

IMF advises FBR to use third-party data for expanding tax net

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ISLAMABAD: International Monetary Fund (IMF) has asked Federal Board of Revenue (FBR) to use third-party data for bring more people into tax net.

Exports grow by 10.5pc in July-Nov FY18

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ISLAMABAD: Pakistan’s exports have registered 10.5 percent growth in first five months of current fiscal year owing to better demand in EU countries and benefits of PM package announced for exporters.

Overseas Pakistanis send $8bn in July-Nov

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KARACHI: Overseas Pakistan workers have remitted $8.02 billion in the first five months (July to November) of fiscal year 2017/2018, compared with $7.92 billion during the same period in the preceding year, State Bank of Pakistan (SBP) said on Monday.

SBP revises instructions on making, dispatch of shipping documents by exporters

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KARACHI: State Bank of Pakistan (SBP) has revised instructions regarding making and dispatch of shipping documents by the exporters.