Rs182 billion additional tax set to be levied
Additional customs duty on approximately 6,000 items is expected to be raised from 2% to 3% via the tax regulators recommended SRO, which will raise an additional revenue of over Rs50 billion for the FBR, sources said
Govt to review LNG terminal agreements
The ECC instructed the Petroleum Division to ask for the legal opinion of Law and Justice Division regarding the LNG terminal agreements and know if the government had any recourse to revisit the terms and conditions
FBR sends notices to 340 potential tax evaders
A big percentage of the identified high net worth individuals belong to areas that don’t fall under the purview of the federal government’s tax jurisdictions
Japan wants to hold government-level dialogue for enhancing trade in December
The volume of bilateral trade between both countries stands around $2.3 billion with Pakistan exports standing at a paltry $250 million against Japan’s $2.03 billion
Asad Umar assures brokers their proposals will be given due consideration
The brokers requested the government to scrap 0.01 percent of advance tax on the purchase of shares in consideration of the commission earned by its member
China says it supports IMF assistance to Pakistan
Addressing a press briefing, Chinese Foreign Ministry’s Spokesperson Lu Kang said that the relevant measures should not affect normal bilateral cooperation between China and Pakistan
PSX slides 750 points amid lack of confidence
KARACHI:Â The colour red dominated the Pakistan Stock Exchange (PSX) on Monday, as indices remained volatile and recorded their fresh 52-week lows.
Although the...
Rupee plunges by Rs1.31 against dollar in inter-bank market
On Friday, the rupee had regained a further Rs1.87 or 1.4% against the dollar in inter-bank trading to close at Rs131.9318
PSM stakeholders request government to revive mill
The stakeholders said that the losses and liabilities had swelled to over Rs465 billion, alongside $2.5 billion foreign exchange loss per year to the national exchequer due to steel imports
FBR unearths 16,000 tax evaders with investments in realty sector
In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure
Govt to set up new amnesty scheme Â
The federal government is planning to initiate a new amnesty scheme for over 3,500 individuals who wish to change their black money...
Hike in prices of non-imported goods flayed
UNISAMEÂ president says 'greedy' manufacturers are taking undue advantage of rupee depreciation
KARACHI:Â The Union of Small and Medium Enterprises (UNISAME) has invited the...
PM holds meeting to take stock of dire economic situation
Participants resolve to steer country out of the prevalent crisis
ISLAMABAD:Â Prime Minister Imran Khan on Sunday held a meeting with leading businessmen...
‘National interest won’t be compromised for IMF loan’
PEW chairman says changing the rotten system will take time
ISLAMABAD:Â The Pakistan Economy Watch (PEW) said on Sunday that Prime Minister Imran Khan...
‘Potential IMF programme to be around $15bn’
A potential International Monetary Fund programme for Pakistan could be valued at $15 billion, the Institute of International Finance (IIF) said in...