Traders, retailers visit FBR to consult for tax issues
The representatives of Markazi Tanzeem e Tajiraan Pakistan visited Federal Board of Revenue(FBR) on Thursday to discuss the taxation issues with officials. The government has withdrawn the fixed tax on retailers through the recently promulgated Ordinance. Any new scheme of tax on retailers will be planned and implemented in consultation with the traders. The Chairman…
Adil Aziz
Importers of onion,tomatoes to be facilitated for ensuring price stability
The government has decided to facilitate the importers of onion and tomatoes in order to keep smooth supplies of the commodities and sustainably of prices in local markets. The decision to this effect was taken in a meeting held Ministry of National Food Security and Research (MNFSR), and decided that the ministry will issue import permits…
Air travel FED reduced to Rs30,000
To give relief to the rich/wealthy class, the government has decided to reduce the federal excise duty (FED) of Rs50,000 to Rs30,000 imposed on club, business, and first class international air tickets through the Finance Act, 2022. The government has reverted a major taxation measure of budget (2022-23) on the wealthy people of the country….
Ban on import of luxury items govt decides to release stuck goods
This is to come as one-time special permission for goods that have landed at ports or airports in Pakistan on or before June 30, 2022 The federal government has decided to release all those “stuck consignments” as one-time special permission, which have landed at ports or airports in Pakistan on or before June 30, 2022….
Miftah lauds FBR for achieving remarkable growth in revenues
During the fourth quarter (April-May-June), when the incumbent coalition government assumed power, Rs1741 billion revenues were collected, which showed 29 percent increase when compared to the collection of Rs1351 billion during the corresponding period of last year Federal Minister for Finance and Revenue, Miftah Ismail said here on Friday that the Federal Board of Revenue…
SECP registers 1,906 new companies in May 2022
The Securities and Exchange Commission of Pakistan (SECP) registered 1,906 new companies in May 2022, raising the total number of registered companies to 169,919. This shows an increase of 19% as compared to corresponding period last year. Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood at Rs3.5 billion. Foreign…
Govt committed to provide friendly environment to investors: Miftah Ismail
Federal Minister for Finance and Revenue, Miftah Ismail said here on Thursday that the incumbent government was committed to provide conducive and friendly environment to the investors and businessmen for the growth of economic activity and enhancement of exports. In a meeting with the Vice Chairman of Indus Motor Company, Shini Yanagi, the Finance Minister…
SECP registers 2,345 new companies in April
The Securities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7% as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly incorporated…
Miftah assures his support to FBR in ongoing tax collection drive
Federal Minister for Finance and Revenue, Miftah Ismail on Tuesday assured Federal Board of Revenue (FBR) of his total support in the ongoing tax collection drive in the country. Miftah Ismail, visited FBR Headquarters, here to review performance and the ongoing drive for tax compliance by the country’s premier revenue collection organization, said a press…
PSX submits budget proposals to ensure capital market growth, economic development
Implementation of the proposals will help to document the economy and increase tax revenues, while also helping to meet important social objectives: PSX The Pakistan Stock Exchange (PSX) has presented important proposals for the federal budget 2022-23 to address economic challenges, boost national economy and grow the capital markets. These proposals have been submitted to…