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Finance Act empowers FBR to recover regulatory duty

ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to recover regulatory duty after implementation of Finance Act 2018 that was stuck up due...

Regulatory duty re-imposed on cotton import

ISLAMABAD: The government has re-imposed regulatory duty on import of cotton with effect from July 15, 2018. The decision has been taken at the Federal...

FBR withdraws regulatory duty on over 250 tariff lines

ISLAMABAD: Federal Board of Revenue (FBR) has abolished regulatory duty on over 250 tariff lines to 480 from 731 tariff lines. The FBR on Thursday...

ECC approve regulatory duty exemption on fruit, vegetable import from Afghanistan

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Friday approved exemption from regulatory duty on import of fresh fruits, vegetables and dry...

Finance Bill 2018: Parliamentary approval sought for regulator duty imposition

ISLAMABAD: The government has sought parliamentary approval for securing payment of regulatory duty in order to avoid court restrictions. The regulatory duty was imposed through...

Karachi Chamber demands reducing duty, taxes on dry milk

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has demanded the government of reducing duties and taxes on dry milk in order to encourage...

Law to be amended for regulatory duty implementation: Haroon Akhtar

KARACHI: The government will amend laws to continue the implementation of regulatory duty which is major source of revenue collection, Haroon Akhtar, Special Assistant...

Commerce ministry recommends regulatory duty removal on 57 tariff lines, including...

KARACHI: The ministry of commerce has recommended withdrawal of regulatory duty on 57 tariff lines out of which 47 tariff lines are of steel...

IMF recommends withdrawal of regulatory duties, cash margin requirements

ISLAMABAD: International Monetary Fund (IMF) has recommended Pakistan to withdraw regulatory duties and cash margin requirement as such measures may not help in reducing...

Sindh High Court declares RD imposed through SRO 1035, exercising powers...

KARACHI: Sindh High Court (SHC) in a landmark judgment on Wednesday declared the imposition of regulatory duty as illegal besides also declaring the powers...