Pakistan Customs starts working on single window clearance


KARACHI: Pakistan Customs has started working on single window operation for clearance of all foreign trade, sources said.

No limit of duty, tax payment through ATM under new system


KARACHI: Wajid Ali, Director, Automation and Reforms (Customs) has said that there will be no limit of making payment through ATM under e-payment system, which will be roll out from December 31, 2017.

Misuse in Pak-China FTA to be checked from April 2018


KARACHI: Pakistan will able to check misuse of Free Trade Agreement (FTA) with China from April 18 as Chinese Customs has agreed to provide certificate of origin on real-time basis.

Duty, taxes to be paid in foreign exchange on import of new vehicles under transfer of residence


ISLAMABAD: The ministry of commerce has amended import policy order and on import of new cars/vehicles under transfer of residence scheme the duty and taxes shall be paid in foreign exchange.

FBR imposes regulatory duty on LPG import at Rs4,669/MT


ISLAMABAD: Federal Board of Revenue (FBR) has issued notification to impose regulatory duty on import of Liquefied Petroleum Gas (LPG) at the rate of Rs4,669 per metric tons.

SBP upgrades its core banking system


KARACHI: State Bank of Pakistan (SBP) has upgraded its core banking system from Globus to T24R15. The system provides automation services required by the central bank to discharge its role as banker to the government and other banks/financial institutions, said a statement on Friday.

Exchange rate settled at Rs107/dollar after fluctuation; SBP says market-driven adjustment


KARACHI: The Rupee-US dollar exchange rate after fluctuations settled at Rs107 per US dollar on Friday, higher than last day’s close of Rs105.50 to the dollar in interbank foreign exchange market.

FBR nominates IRS officers of BS-20 for NMC


KARACHI: Federal Board of Revenue (FBR) has issued the list of 41 Inland Revenue Service (IRS) officers of BS-20 for 108th National Management Course (NMC) which will commence from February 12, 2018 to June 15, 2018 at National Management College, Lahore, notification issued here on Friday.

FBR conducts Telenor’s withholding tax audit


ISLAMABAD: Federal Board of Revenue (FBR) has conducted withholding tax audit of Telenor Pakistan (Pvt) Limited to determine the deduction and deposit by the mobile phone service provider company.

SRB restores sales tax registration of more 13 companies


KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of another 13 companies which were suspended on non-compliance of return filing and payment of outstanding amount, according to a notification issue don Thursday.