Daily Archives: March 1, 2018

Committee recommends amnesty for undeclared foreign assets in three slabs at tax rate of up to 10pc


KARACHI: A committee constituted by Supreme Court of Pakistan (SCP) has recommended an amnesty for undisclosed foreign assets in three slabs at 2 to 10 percent of income tax rates.

Export deterioration hallmark of private sector, says top economist

Dr Ayub Mehar

KARACHI: The deficiencies in private sector have resulted in fall of country’s exports. The reasons presented by business leaders such as security concerns, energy crisis and stuck up sales tax refunds are mere excuses for face saving and shifting responsibility to the government.

Customs seizes another huge quantity of betel nuts from TP consignment


KARACHI: Model Customs Collectorate (MCC) Appraisement East, Karachi on Thursday intercepted consignment of transshipment and seized another huge quantity of betel nuts, which was imported as steel products, and would be misdeclared at clearance stage.

FBR issues first active taxpayers list for tax year 2017


ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued new Active Taxpayers List (ATL) displaying names of 1.26 million taxpayers who filed income tax returns for tax year 2017.

Budget 2018/2019 to be presented by mid-May: Prime Minister

ISLAMABAD: The government will present its sixth budget for fiscal year 2018/2019 by mid-May just before setting up an interim government, Prime Minister Shahid Khaqan Abbasi said on Thursday.

Headline inflation grows by 3.8pc in Feb 2018


ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 3.8 percent on year-on-year basis in February 2018 as compared to an increase of 4.4 percent in the previous month and 4.2 percent in February 2017, according data released by Pakistan Bureau of Statistics (PBS) on Thursday.