Author Archives: Anjali

Custom House Karachi to remain open on June 25 and 28 for revenue collection

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KARACHI: Model Customs Collectorate (MCC) Appraisement West on Thursday announced that Custom House Karachi will remain open on Sunday June 25 and Wednesday June 28 on account of collection of duty and taxes.

SBP issues fresh currency notes worth Rs342bn for Eid-ul-Fitr; 44pc higher than last year

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KARACHI: State Bank of Pakistan (SBP) has issued fresh currency notes worth Rs342 billion for Eid-ul-Fitr during current Ramazan, which is 44 percent higher than Rs237 billion issued in last Ramazan.

Five customs officials submit asset declaration; performance allowance restored

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KARACHI: Federal Board of Revenue (FBR) on Thursday restored performance allowance (equivalent to 100 percent basic pay) of five customs officials BS-16 on submission of declaration of assets.

SRB explains tax payable on franchise services

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KARACHI: Sindh Revenue Board (SRB) has explained tax payable on services rendered by franchise and in this regard the provincial revenue authority amended the Sndh Sales Tax on Services Rules, 2011.

Sugar export deadline extended by 22 days only for Afghanistan

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KARACHI: The government has extended the deadline for sugar export to Afghanistan through land route as the border was closed from May 05 to 27.

Banks to remain close on July 03

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KARACHI: State Bank of Pakistan (SBP) on Thursday said that all banks and development financial institutions will remain closed for public dealings on July 3, 2017.

NTC imposes 24.04 percent anti-dumping duty on CC steel billets on China import

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KARACHI: National Tariff Commission (NTC) has imposed 24.04 percent anti-dumping duty on continuous casting steel (billets) from China for a period of five years effective from June 22, 2017.

Banks to remain open for extended hours on June 30 for revenue collection

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KARACHI: State Bank of Pakistan (SBP) on Wednesday announced that commercial banks will remain open for extended hours on June 30, 2017 to facilitate the collection of duty and taxes.

SBP allows banks to outsource storage of account opening forms

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KARACHI: State Bank of Pakistan (SBP) has allowed banks to outsource storage / archival of account opening forms (AOF) under amended framework for risk management in outsourcing arrangements by financial institutions issued on Tuesday.