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Sohail Sarfraz

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New collection setup in the offing: Taxman's role being curtailed

The Federal Board of Revenue is planning to implement the "E-FBR New Virtual Setup" to totally automate registration, monitoring and tax payments of the new taxpayers without any interaction with the tax department. A senior FBR Member told Business Re
Published 21 Jul, 2019 12:00am
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New tax policy for jewellers and traders on the cards

Federal Board of Revenue (FBR) will formulate a new tax policy to facilitate jewellers and traders in consultation with all jewellers associations and Pakistan Traders Alliance during the current week. The FBR Tuesday took measures to facilitate business
Published 17 Jul, 2019 12:00am
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Cabinet approves cut in additional duty on edible oil

The Cabinet Tuesday approved reduction in the additional customs duty from seven to two percent on the import of edible oil, reflecting a decrease of 5 percent. According to the Cabinet decision, in order to reduce prices of cooking oil and provide relief
Published 17 Jul, 2019 12:00am
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Cabinet approves cut in additional duty on edible oil

The Cabinet Tuesday approved reduction in the additional customs duty from seven to two percent on the import of edible oil, reflecting a decrease of 5 percent. According to the Cabinet decision, in order to reduce prices of cooking oil and provide relief
Published 17 Jul, 2019 12:00am
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Cabinet approves cut in additional duty on edible oil

The Cabinet Tuesday approved reduction in the additional customs duty from seven to two percent on the import of edible oil, reflecting a decrease of 5 percent. According to the Cabinet decision, in order to reduce prices of cooking oil and provide relief
Published 17 Jul, 2019 12:00am
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APFMA announces countrywide strike tomorrow

All Pakistan Flour Mills Association (APFMA) has announced countrywide strike tomorrow (Wednesday) against exclusion of wheat flour from Sixth Schedule of Sales Tax Act 1990 and imposition of tax on wheat brain. On the other hand, the Federal Board of Rev
Published 16 Jul, 2019 12:00am