The Federal Board of Revenue (FBR) has re-fixed the ceiling of the parametric refund-to-export ratio from the previous 12 percent to 15 percent of the export value for the processing of the sales tax refunds of the commercial exporters. In this connection, the FBR has issued a Sales Tax General Order (STGO) 05 of 2021 …
FBR Revises Parametric Refund-to-Export Ratio Ceiling for Sales Tax Refunds Read More »
ISLAMABAD: The government is considering imposing income tax on monthly pensions of over Rs200,000 and may slap the tax on judicial allowance and house rent in the next budget as part of a plan to withdraw tax exemptions from the upcoming fiscal year. Tax proposals are being fine-tuned ahead of a meeting with the International …
The Competition Commission of Pakistan (CCP) will work with businesses to develop and declare e-commerce policy guidelines to build consumer confidence in the electronic marketplace and encourage fair trade practices to prevent any possible abuse and deceptive marketing practices in the e-commerce domain. The pandemic has accelerated the shift towards a more digital world. Pakistan …
CCP to Work with Businesses to Develop E-Commerce Policy Guidelines Read More »
Amazon has confirmed that Pakistan has been added to its Sellers’ List, the Adviser to the Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood, announced on Friday. He said in a tweet, “It is a big accomplishment for our E-Commerce & will open up vast opportunities for a new breed of young …
Pakistan Officially Joins Amazon’s Approved Sellers List Read More »
The State Bank of Pakistan (SBP) has revised the Statutory Liquidity Reserve (SLR) requirement of the Exchange Companies from 25 percent to 15 percent of their capital. The enhanced liquidity with the Exchange Companies will enable them to channel the home remittances and foreign exchange further. During the year that ended in June 2020, the …
SBP Revises SLR Level for Exchange Companies to Attract FX and Remittances Read More »
Finance Minister, Shaukat Tarin, aims to include tax reforms in the coming budget that are progressive and reduce the need for interaction between the taxpayers and the authorities. The minister informed this to the Federal Cabinet in a meeting held recently, Business Recorder reported. The two aims of tax reforms highlighted by Tarin are not …
Finance Minister Proposes New Reforms for Taxpayers Read More »
Federal Minister for Industries & Production, Makhdum Khusro Bakhtyar, held a consultative session with representatives of Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) separately. In the consultative sessions with auto sector stakeholders to discuss the Auto Industry Development & Export Plan (AIDEP) 2021-26, the Minister said that …
Upcoming Auto Policy Will be All About Electric and Cheap Cars Read More »
The Cabinet Committee on Privatization (CCOP) has started re-considering divestment of Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company Limited (OGDCL), official documents from a meeting showed. The move comes in wake of rising investor interest in the exploration and production sector. The decision to divest the two companies has been in the …
CCOP Reconsidering Sale of Pakistan Petroleum and OGDCL Read More »