Daily Archives: March 15, 2018

FPCCI recommends 7pc standard sales tax rate

KARACHI: Federation Chambers of Commerce and Industry (FPCCI) has recommended reduction of standard sales tax rate to 7 percent from present 17 percent in order to broaden the tax base.

KTBA elects office bearers for 2018/2019

KARACHI: Karachi Tax Bar Association (KTBA) has elected Khalid Mahmood as president for the term 2018/2019 in its 61st Annual General Meeting held on Thursday.

IMF advises raising taxes on petroleum, withholding tax for curtailing budget deficit in 2017/2018

ISLAMABAD: International Monetary Fund (IMF) has advised Pakistan for enhancing petroleum with withholding taxes for curtailing budget deficit at 5 percent during fiscal year 2017/2018.

Budget deficit target may be missed: adviser

ISLAMABAD: Miftah Ismail Adviser to Prime Minister on Finance on Thursday admitted that few budget targets for fiscal year 2017/2018 would be missed.

Miftah directs completing budget activities within timeline

ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail on Thursday emphasized that all budget related activities should be undertaken in accordance with the agreed time lines and closer coordination between Ministry of Finance and other ministries and departments was imperative to carry out the budget exercise in a cohesive manner.

Peshawar customs I&I announces auction of vehicles on March 20

ISLAMABAD: Directorate of Intelligence and Investigation (Customs), Peshawar has announced public auction of confiscated vehicles on March 20, 2018 to be held at State Warehouse of the directorate.