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Tag Archives: Government

Govt announces three holidays on Eid-ul Azha

ISLAMABAD: The federal government has announced three public holidays from October 6-8 on Eid ul Azha. The employees of federal government will enjoy five holidays on this Eid. The Ministry of Interior, through a notification, has announced that the Eid holidays will be from Oct 6 (Monday) to Oct 8 (Wednesday). Read More »

Floods hit fish farming in South Punjab hard

MULTAN: The flood affected the fishery industry in South Punjab adversely and has caused losses to the tune of billions of rupees to the owners. As per details, the recent floods, particularly in Chenab River have played havoc with the fishery industry in South Punjab, especially Multan and Muzaffargarh have suffered the most. The floodwater hit fish farming belt situated ... Read More »

ADB President reaches Islamabad on 3-day visit

ISLAMABAD: Takehiko Nakao,the President of Asian Development,  on Tuesday reached Islamabad on a three-day visit. Talking briefly to media at the airport, the ADB President said that the Bank desires to increase partnership with Pakistan. Mr Nakao has scheduled meetings with Finance Minister Ishaq Dar, Prime Minister Nawaz Sharif and President Mamnoon Hussain during his stay in Islamabad. The economic team ... Read More »

FBR notifies 4pc advance tax on int’l air tickets

ISLAMABAD: The Federal Board of Revenue (FBR) notified all the airlines to collect advance tax on air tickets for international journey originates from Pakistan. According to the notification, the FBR directed all the airlines to collect advance tax at the rate of 4 percent on all air tickets if the journey originates from Pakistan. It read that the airlines issuing ... Read More »

Midday: Stocks narrow down earlier loss

KARACHI: The widespread uncertainty triggered by weeks-long stalemate in the federal capital, aggravated by roaring floods rattled stocks and the KSE-100 index shed 44 points or 0.15 percent to decline to 30,000 in the midday trading on Monday. Earlier, the Karachi Stock Exchange opened in negative zone and lost 142 points to come down below the 30,000 mark to 29902 ... Read More »

Liquidity crunch: Aptma demands govt to clear ST refunds

KARACHI: The All Pakistan Textile Mills Association (Aptma) has vehemently demanded the government to speed up clearance of outstanding refund payments as committed by Finance Minister Ishaq Dar. According to Aptma Chairman Yasin Siddik, Finance Minister Ishaq Dar while presenting the federal budget in June, had promised to clear all outstanding sales tax refunds by September 30. In a statement ... Read More »

Opening: KSE remains buoyant, gains 250 more points

KARACHI: Though political scenario remains hazy, stocks continue to capitalize on the developments taking place in the federal capital as Karachi Stock Exchange KSE-100 index roared past the overnight gains and added another 250 points or 0.86 percent to touch 29,510 in early trading on Wednesday. The market opened with positive sentiments and kept on marching upward, giving boost to ... Read More »

FBR to publish biweekly list of active taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) will publish a list of active taxpayers on a fortnightly basis to promote the culture of documentation. In the budget 2014-15, the government had introduced higher tax rates for non-filers and the FBR published a directory in April this year to reveal the names of tax defaulters. The board will publish the list ... Read More »

Taxes non-payment: Traders dub Imran politically immature

ISLAMABAD: Rejecting the call for civil disobedience, various trade bodies have described Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s call for non-payment of taxes and duties as unjustified and illegal. Talking to Customs Today, the office bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Rawalpindi Chamber of Commerce and Industry (RCCI) opined that Khan’s call was ... Read More »

MQM resolution: Senate may prod govt into broadening tax net

ISLAMABAD: The Upper House of the Parliament, which is scheduled to meet on Monday, may press the government to take immediate steps to broaden tax base. Well placed sources revealed to Customs Today that MQM Senator Col (r) Tahir Hussain Mashhadi has submitted a resolution to the Senate Secretariat in this regard and the Senate is likely to adopt the ... Read More »

Govt to impose 5% tax on Solar Panels by September

ISLAMABAD: The federal government has been planning to impose 5% tax on import of solar panels and related equipment by September this year. However, Parliamentary Secretary for Finance, Revenue, Economic Affairs, and Statistics & Privatization Rana Muhammad Afzal Khan said that government has not yet imposed any tax on solar panels import but it is expected after completion of assessment ... Read More »

FBR seeks law ministry to remove futile solicitors

ISLAMABAD: Federal Board of Revenue (FBR) sought Law Ministry’s advise to remove lawyers with poor performance for proceeding of its pending cases in courts. As per details, FBR asked Law ministry to handover performance report of lawyers who were preceding the FBR cases in courts. FBR has decided to remove the solicitors showing poor performance adding that only capable lawyers ... Read More »

Govt. Trade Missions: ICCI asks entrepreneurs’ representation

ISLAMABAD: The Islamabad Chamber of Commerce & Industry (ICCI) has asked government to renovate trade missions by installing qualified traders as commerce advisers to improve the country’s exports. ICCI President Shaban Khalid said that government should appoint business persons and entrepreneurs for trade missions as they reserve quota for journalist in foreign missions because businessmen can better handle the business interests of ... Read More »