Effective Nov 5: POL products' prices raised by adjusting PL, GST ISLAMABAD: The federal government has raised the prices of petroleum products by up to six percent by making... Updated 06 Nov, 2021 12:32pm
Print Manufacturing on toll basis: Provinces will continue to levy, collect GST on services: PRAs ISLAMABAD: The Provincial Revenue Authorities (PRAs) have resolved that the provinces will continue to levy and... Updated 03 Nov, 2021 09:59am
Print GST collection by FBR, SRB: PBC seeks clarity from Tarin ISLAMABAD: The Pakistan Business Council (PBC) has approached Finance Minister Shaukat Tarin for clarity apropos,... Updated 13 Oct, 2021 09:47am
Print GST dispute on power subsidy: ECC to give its decision on legality ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is to give its verdict on legality of... Published 29 Sep, 2021 03:00am
Print July: Over Rs65bn GST on crude oil import collected ISLAMABAD: The Federal Board of Revenue (FBR) has collected over Rs65 billion sales tax on the import of crude oil... Updated 28 Aug, 2021 01:39pm
Print Fertilizer industry input-output GST mismatch: Amendment to Finance Act can help resolve issue ISLAMABAD: The Federal Board of Revenue (FBR) may address the issue of sales tax collection mechanism on fertilizer... Updated 19 Aug, 2021 10:58pm
Print FED, GST deadlines extended ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for payment and submission of sales tax and... Published 15 Aug, 2021 03:06am
Print Ex-depot prices of petrol, kerosene oil increased ISLAMABAD: The federal government Saturday announced raise in the ex-depot prices of petrol by 1.4 percent and... Published 01 Aug, 2021 04:34am
Print PL cut, waiver on POL products: Rs10bn negative revenue impact projected ISLAMABAD: The government reduced the rate of petroleum levy (PL) on High Speed Diesel (HSD) - from Rs 3.61 per ... Updated 24 Jul, 2021 10:44am
Opinion Overriding ‘doctrine of mutuality’ Through the Finance Act, 2021 [“the Act”], the Parliament has made an amendment with retrospective application ... Published 09 Jul, 2021 04:25am
Opinion Auto policy: the balancing act A new auto policy is in the offing. Expected price reductions in local and imported cars are making rounds on the... Published 04 Jul, 2021 03:41am
Print Fixed GST on SIM cards withdrawn ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn fixed sales tax on SIM cards of the mobile phones from... Published 02 Jul, 2021 04:19am
Markets Ogra seeks hike in POL products' prices ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended a hike in the ex-depot prices of petrol and... Published 30 Jun, 2021 03:54am
Business & Finance Govt likely to slash ACD, FED on auto-related imports KARACHI: The government is likely to slash Additional Customs Duty (ACD) by 5 percent and Federal Excise Duty (FED)... Published 30 Jun, 2021 03:54am
Business & Finance Tax exemption on manufacturing of cold storages demanded KARACHI: Vice President of Pakistan Businesses Forum (PBF) Ahmad Jawad has demanded of the federal government to... Published 25 Jun, 2021 04:20am
Business Withdrawal of GST on agri equipment, apparatus suggested ISLAMABAD: The sub-committee of the National Assembly Special Committee on Agricultural Products has recommended... Published 24 Jun, 2021 03:36am
Pakistan Incorporating in Finance Bill: NA body to suggest recommendations to Tarin ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has begun – for the first time – ... Published 23 Jun, 2021 04:26am
Print Waqar rejects budget criticism ISLAMABAD: Prime Minister Special Assistant on Finance and Revenue, Dr. Waqar Masood has said that criticism on... Published 22 Jun, 2021 04:46am
BR Research Sales tax conundrum for online marketplaces In its attempt to digitize, document and bring the sellers and retailers in the tax ambit, the government has... Published 17 Jun, 2021 07:35am
Business Precious stones, dairy products: Senate body opposes move to increase ST ISLAMABAD: The Senate Standing Committee on Finance has strongly opposed the government’s move to increase sales... Published 17 Jun, 2021 03:27am
Business & Finance Fertilizer industry seeks harmonisation of GST ISLAMABAD: The fertilizer industry has urged the government for the harmonisation of the general sales tax (GST) by... Published 17 Jun, 2021 03:27am
Pakistan Growers reject Punjab budget LAHORE: Growers organizations have claimed that an additional burden of Rs 25-30 billion has been imposed on farmers... Published 16 Jun, 2021 03:40am
Print Prices of petrol, diesel raised to achieve PL target ISLAMABAD: The government has raised the ex-depot prices of petroleum products, on Tuesday, in a bid to achieve a... Published 16 Jun, 2021 03:39am
Markets Ogra proposes raise in prices of petrol, HSD ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), on Monday, recommended 3.8 percent increase in the price of... Published 15 Jun, 2021 03:30am
Business & Finance Around 2,102 small, medium exporters closed businesses in last two years: Bilwani KARACHI: As against the government claim to facilitate exporters to boost country’s exports, some 2,102 small and... Published 15 Jun, 2021 03:30am
Print Farmers' associations term budget 'unsatisfactory' ISLAMABAD: The farmers' associations on Saturday termed the budget 2021-22 unsatisfactory for the agriculture ... Published 13 Jun, 2021 03:56am
Print 17pc GST hike on crude oil import proposed ISLAMABAD: The federal government has proposed to raise the rate of GST on import of crude oil by 17 percent in a ... Published 13 Jun, 2021 03:56am
Print GST on sugar proposed to be levied on retail price basis ISLAMABAD: Sales tax on sugar is proposed to be levied on retail price basis by including it in the Third Schedule ... Published 13 Jun, 2021 03:56am
Budget 2021-22 Growth-focused budget: IMF acquiescence, not consent? • Rs8.49trn FY22 outlay is based on 4.8pc growth target and increased spending on public sector development • ... Published 12 Jun, 2021 06:04am
Budget 2021-22 17pc GST on sales via online marketplace ISLAMABAD: The sales of goods through an online marketplace have been subjected to 17 percent sales tax by... Published 12 Jun, 2021 05:04am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?