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Tax concession to salary class may be withdrawn

KARACHI: Tax concession concessions given to salary persons in the recent budget may be withdrawn by the elected government owing to extreme fiscal conditions. Through...

Rs1,000 tax for full year on salary up to Rs800,000 to...

KARACHI: Salary persons having income up to Rs800,000 will pay only Rs1,000 for the whole year and this lower tax rate will be applicable...

Around 99.32pc population not to be allowed to purchase cars, properties...

KARACHI: Around 99.32 percent of the total population of Pakistan will not be eligible to purchase new motor cars and purchase immovable property above...

ECC approves extension of PM package with Rs65bn annual relief of...

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved extension of Prime Minister Export Package with Rs65 billion annual exemption and concessions...

Data exchange of information to be used for customs valuation

KARACHI: Pakistan Customs has been empowered to use exchange of information with other countries for determination of true valuation of imported and exported goods. The...

Parliamentarians allowed free air travel to all national airlines

KARACHI: The parliamentarians have been allowed free air travel on all domestic airlines instead of domestic travel through national flag carrier. The parliament made amendment...

Law allows monitoring of deposits, withdrawal from foreign currency accounts

KARACHI: The federal government has been empowered to monitor deposits and withdrawal from foreign currency account under the new law passed by the Parliament. The...

FBR notifies imposition of 2pc additional customs duty

ISLAMABAD: Federal Board of Revenue (FBR) has notified additional customs duty at 2 percent on import of goods specified in the First Schedule to...

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...

FBR notifies enhanced FED on cigarettes, cement

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified federal excise duty on cigarettes enhanced through Finance Act, 2018. The FBR in a official note...

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