Author Archives: Anjali

FBR advised establishing behavioral insight units for exploring revenue potential


KARACHI: State Bank of Pakistan (SBP) has given a solution for enhancing tax-to-GDP ratio through establishing a behavioral insight team by Federal Board of Revenue (FBR).

SRB restores sales tax registration of 4 taxpayers


KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of a batch of four taxpayers, who were suspended for non-compliance of payment and mandatory filing of sales tax return.

Duty collection from imported vehicles surges by 57.7pc


KARACHI: The collection of customs duty from imported vehicles has increased sharply by 57.7 percent due to higher imports and revision in duty structure.

National Savings likely to launch Dollar Certificates by May 2018

KARACHI: Central Directorate of National Savings (CDNS) is planning to launch saving certificates in US dollars to encourage overseas Pakistanis to invest this financial instruments. This dollar based security is likely to be launched in the last quarter of this fiscal year.

People have no trust on tax machinery: FTO


KARACHI: People have no trust on tax machinery so they do not want to come into tax net, Mushtaq Ahmad Sukhera, Federal Tax Ombudsman said on Friday.

Economy maintains growth momentum despite external headwinds


KARACHI: State Bank of Pakistan (SBP) on Friday released its First Quarterly Report for FY18 on the State of Pakistan’s Economy. According to the Report, preliminary data on key macroeconomic indicators suggest that growth momentum remained strong in the first quarter of current fiscal year. Several coincident indicators point to a further strengthening of aggregate supply and demand in the economy.

Amnesty should not be used to shelter illegal practice: FPCCI


KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government that the planned amnesty should not be used as a shelter to illegal practices.

Customs value reduced by 10pc for chemical used by backing, pharmaceutical industries


KARACHI: Pakistan Customs has reduced monetary value of imported chemical – Ammonium Bi Carbonate – by 10 percent for determination of duty and taxes to be paid at clearance stage.

MCC Preventive announces auction of 34 vehicles on Jan 20


KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi has announced auction of vehicles to be held on January 20, 2018 at State Warehouse No. III, Behind KPT Fire Brigade Station opposite PICT Gate, Kemari.