Cabinet’s decision to impose health tax set aside in budget

Sources claim that 'an influential lobby in the FBR' had opposed this taxISLAMABAD: The decision of the federal cabinet to impose health tax on...

Govt allocates Rs100m for BOI in PSPD 2019-20

ISLAMABAD: The government has allocated Rs100 million in the Public Sector Development Programme (PSDP) 2019-20 for one ongoing scheme of the Board of Investment (BOI)...

No one will be allowed to escape tax net, vows PM’s adviser

Hafeez Shaikh says new budget aims to reach out to poor districts, including those in Balochistan and erstwhile FATA Says govt intends to...

APCNGA opposes increased taxes on LNG import

ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Wednesday sought reversal of the government's proposal to increase customs duty on the import of LNG, terming...

ICCI terms budget ‘burdensome’ for business community, common man

ISLAMABAD: The Islamabad Chamber of Commerce & Industry (ICCI) termed the first annual budget presented by the Pakistan Tehreek-e-Insaf government as "quite taxing and burdensome...

Stocks up, but IMF-friendly budget gets mixed reviews

KARACHI: Pakistani stocks rose on Wednesday and the business community gave mixed reviews of Prime Minister Imran Khan’s first budget aimed at securing a $6...

Iran scrambles to lift petrochemical sales as sanctions hammer oil

LONDON/DUBAI/SAO PAULO: Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales, Iranian and...

UK’s Sikh community pledges to inject £500m into Pakistan to promote religious tourism

Bukhari discussed religious tourism projects in Pakistan with the representatives of the Sikh community.

Budget 2019-20: Salaried class to pay more taxes under PTI govt

Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.

Govt to spend Rs1.8tr on public sector

CPEC takes centre stage as PTI eyes 'balanced development'  Centre allocates Rs912bn for provinces, sets 951bn aside for federal ministries, divisions  Rs155bn allocated...

Govt imposes Rs516bn taxes in budget 2019-20

Shabbar Zaidi says govt will meet tax target through administrative measuresISLAMABAD: While increasing the customs duty on 2,400 tariff lines, the government has imposed...

Non-Filers not allowed to buy immovable property or cars, FBR clarifies

Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of the press which states that the new finance bill...

Govt plans to obtain Rs3tr foreign loans in 2019-20

ISLAMABAD: As per the budget papers of 2019-2020, the government plans to obtain foreign loans worth Rs3.003 trillion, as compared to Rs1,087.99 billion planned by...

Business community laments ‘tax-levied, ambitious’ budget

'Govt said common man will not be affected, but then tax on sugar has been increased to 17pc from 8pc'Following the conclusion of...

PHMA rejects 17pc sales tax on export sectors

LAHORE: The Pakistan Hosiery Manufacturers Association (PHMA) on Tuesday rejected 17pc sales tax on the export industry of textile, leather, carpet, surgical and sports. The...

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PM Imran says no to dollar at SCO

PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank  Says Organisation needs to advance goals of peaceful...

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