OGRA penalises PLL Rs560 mn over cancellation of four LNG cargoes
ISLAMABAD: In a blow to the government’s efforts to promote LNG business in the country, OGRA has imposed a Rs560 million penalty...
Local tile manufacturer urges architects to promote ‘made in Pakistan’ products
ISLAMABAD: Recently, Centro Ceramico, a highly reputable, and one of the biggest tile testing laboratories in the world, has certified Pakistan’s ‘Stile porcelain tiles’...
Senate body recommends increasing tax rate for high-income class
ISLAMABAD: The Senate Standing Committee on Finance has finalised its recommendations for the budget including a suggestion to raise the tax rates...
SC tells govt to explain why sales tax is increased on petrol despite falling global prices
The Supreme Court observed on Wednesday that the government resorts to increasing the general sales tax (GST) on petroleum products by as much as 25 per cent even as crude oil prices slump in the international market.
LCCI urges FBR to restore FTR for commercial importers
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI)has urged the Federal Board of Revenue (FBR) to give relief to those taxpayers...
PAPCO’s $200 million multi-grade pipeline to be functional next year
KARACHI: The Pak Arab Pipeline Company (PAPCO)’s White Oil pipeline will become multi-grade by the second quarter of 2019, Shell Pakistan’s management told...
Senate panel finalises proposals for Finance Bill-2018
Income Tax exemption up to Rs1.2 million annual income approved. Senate body rejects levy on petroleum, tobacco and mobile phone sets. Also rejects removal of third-tier slab on cigarettes.
SC discards LHC’s stay on DTH licences
ISLAMABAD: Back in November 2016, PEMRA held an auction for three programming licenses for DTH (Direct-to-Home), a digital box that wirelessly airs...
LCCI urges FBR to address injustice against business community
The LCCI office-bearers urged the Federal Finance Minister Miftah Ismail and FBR Chairman Tariq Mahmood Pasha to restore FTR for the commercial importers in the larger interest of the industry.
FPCCI seeks representation in the Economic Reform Committee
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tuesday sought the inclusion of at least two of its representatives in the...
Financial experts call for transparency and effective usage of public funds
ISLAMABAD: Financial experts Tuesday called for a more prudent use of public money, including effective resource allocation, decision and policy making to fight against corruption,...
Sale of BMW X1 surges to 350 units in 2017
KARACHI: Dewan Motors (Private) Ltd (DML) witnessed a phenomenal growth in its sales during 2017 owing to the market acceptance of its...
SC summons reply from FBR, provinces, telcos over unprecedented taxation
ISLAMABAD:Â The Supreme Court (SC) on Tuesday summoned the federal government, Federal Board of Revenue, provinces and telecom companies to submit a response...
High-level Afghan delegation visits Pakistan to improve bilateral tradeÂ
ISLAMABAD: A high-ranking ministerial delegation from Afghanistan, led by Deputy Minister for Commerce H E Kamila Sidiqi had met with Commerce Secretary...
Alibaba acquires 100 percent stake in Daraz
The financial details of the transaction were not revealed and Daraz would continue to operate under the same brand following the sale to Alibaba, said Rocket Internet.