News
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Highlights of Sales Tax and Federal Excise Budgetary Measures 2006-07
Budget FY 2006-07 is aimed at simplification of tax system, improvement in resource mobilization, boosting economic activity to ensure robust…
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Economic Survey of Pakistan 2005-06 Highlights
ISLAMABAD (June 05 2006): Although Pakistan's economy grew at an average rate of almost 7.5 percent per annum during the…
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Eligibility Criteria Relaxed for SME Classification
KARACHI (June 05 2006): The Federal Government has decided to relax eligibility criteria for small enterprises to enjoy most of…
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Temporary Tax Exemption for Venture Capital Companies
ISLAMABAD (June 02 2006): The government is likely to give exemption of income tax for a specific period to the…
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SBP tightens rule on banks' securities purchases
KARACHI (May 31 2006): The State Bank of Pakistan has issued a circular bringing clarity to the classification of securities…
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PIPFA budget recommendations: Raise in income tax exemption limit
KARACHI: The Pakistan Institute of Public Finance Accountants (PIPFA) has suggested to the policy-makers that basic tax exemption limit for…
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Presumptive Tax System for Exporters to Continue
ISLAMABAD (May 29 2006): While turning down a proposal to bring exports into general assessment scheme, the government has decided…
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New Sales Tax Refund Rules to Expedite Payment
ISLAMABAD (May 29 2006): New sales tax refund rules would be introduced in the coming budget to minimise delay in…
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Import of Black cabs as CBU exempted from duty and taxes
ISLAMABAD (May 22 2006): The government has changed the criteria for import of 'black cabs', exempting the scheme from customs…
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CBR curtails powers of Directorate of Inspection and Internal Audit
ISLAMABAD (May 22 2006): The powers of the directorate of inspection and internal audit, customs, sales tax and federal excise…
