Economic and Finance News
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New Duty and Tax Remission for Export rules give 117 major concessions to exporters
ISLAMABAD (June 11 2003) : Permitting duty drawback facility on the purchase of locally procured raw material, the government has…
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Income Tax department to be divided into eight entities
KARACHI (June 11 2003) : The Income Tax Department will be divided into eight functional departments, each having separate assignment.…
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Sales tax department told to decide refund case in 30 days
ISLAMABAD (June 10 2003) : The Sales Tax Department, East, Karachi, has been asked to decide within 30 days the…
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Textile goods drawback extended up to June 2004
ISLAMABAD (June 10 2003) : Keeping intact extraordinarily high duty drawback on textile products as compared to the actual import…
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Machinery import: six industries exempted from paying sales tax
ISLAMABAD (June 10 2003) : To enhance value-added exports in agriculture and livestock sectors, the Central Board of Revenue (CBR)…
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Direct tax ratio retained at 32 per cent
KARACHI, June 7: The next year's budget announced on Saturday, retains by and large, the same ratio of direct taxes…
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Duty on 259 items reduced
ISLAMABAD, June 7: The government has reduced customs duty on 259 items mainly raw materials and components for the engineering,…
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20pc GST levied on edible oilseeds
ISLAMABAD, June 7: The government has levied 20 per cent general sales tax (GST) on import of edible oil seeds…
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Withholding tax on two types of payments reduced
ISLAMABAD, June 7: The government has enhanced tax credits for housing and construction industry and rationalized a number of taxes…
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9.2 pc revenue growth to accrue from 5.7 pc GDP and inflation 3.5 pc
ISLAMABAD (June 09 2003) : The growth in CBR revenue for 2003-04 would come from 5.7 percent of GDP (CBR's…
