Tariff Policy: a bold step towards trade liberalization The federal government has approved the National Tariff Policy (NTP) 2025–30, a transformative step toward trade... Updated 26 May, 2025 07:22am
Budget 2025-26 More snakes than ladders If you're a skeptic tempted to file the National Tariff Policy under “never gonna happen,” you’re in sober... Published 26 May, 2025 05:56am
Business & Finance Auto parts makers concerned over 15pc proposed duty ISLAMABAD: Auto parts manufacturers expressed concerns that the proposed 15 percent customs duty could have a... Published 23 May, 2025 06:12am
Budget 2025-26 Experts for imposing FED on alcoholic beverages ISLAMABAD: The government can easily generate handsome amount of revenue to the tune of billions by imposing federal... Published 22 May, 2025 06:56am
Business & Finance Budget 2025–26 to kick off first phase of National Tariff Policy 2025–30 The first phase of the government reduction plan to lower import duties under the National Tariff Policy 2025-30... Published 20 May, 2025 02:02pm
Print Pakistan’s tax revenue projected at 12.6% of GDP ISLAMABAD: Total tax revenue is projected at 12.6 percent of the gross domestic product (GDP) for 2024-25 against... Updated 19 May, 2025 09:44am
Print Imports under HS Codes 3402.1300 and 3402.1190: SC dismisses petition seeking zero duty ISLAMABAD: The Supreme Court dismissed a petition seeking zero per cent customs duty on the import of items under HS... Updated 02 May, 2025 09:29am
Print 1HFY25 direct tax collection rises 29.4pc YoY ISLAMABAD: The collection of direct taxes has shown an increase of 29.4 percent during first six months of 2024-25... Updated 27 Mar, 2025 03:13pm
Business & Finance Medical devices, pharmaceuticals: FPCCI proposes reduction in customs duty on raw materials KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed a reduction in customs... Published 25 Feb, 2025 07:48am
Business & Finance FCAS-based Rs96.3bn duty collected in Jan KARACHI: The Southern Region of Customs Appraisement has collected Rs 96.3 billion customs duty through the Faceless... Published 02 Feb, 2025 02:58am
Business & Finance Goods declaration processing: ‘Faceless assessment system reduces time’ KARACHI: Chief Collector Customs Appraisement, Jamil Nasir, announced that the newly implemented faceless assessment... Published 23 Jan, 2025 07:57am
Business & Finance Cocoa powder importers fail to claim exemption LAHORE: The importers of Cocoa Powder have failed to claim exemption under two different notifications... Published 01 Jan, 2025 03:03am
Business & Finance FBR allows temporary import of vehicles by tourists ISLAMABAD: The Federal Board of Revenue (FBR) has allowed temporary import of vehicles by tourists without payment ... Published 03 Dec, 2024 06:09am
Print Customs duty in 2023-24: Petroleum sector, imported vehicles top contributors ISLAMABAD: Two top contributors of customs duty were the petroleum sector and imported vehicles during 2023-24. The... Updated 11 Nov, 2024 02:40pm
Business & Finance Import of ‘High Pressure Washer’ to attract zero percent customs duty ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) declared that zero percent... Published 25 Sep, 2024 08:51am
Print Tax collection at import stage: share in total collection reduces ISLAMABAD: The tax collection at import stage constituted 35 percent and domestic tax collection’s share was 65... Updated 23 Sep, 2024 03:24pm
Business & Finance 4G MiFi modem and WiFi modem: 11pc duty applicable on import ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has ruled that 11 percent... Updated 21 Aug, 2024 09:34am
Print MoC says taking efforts to bring down ACD to zero ISLAMABAD: Commerce Ministry said on Monday it is fighting at the highest level to bring down Additional Customs... Updated 20 Aug, 2024 08:51am
Business & Finance Tyre importer secures duty after proving assessment LAHORE: A tyre importer has secured duty after proving that the customs department has assessed the goods in terms ... Published 18 Aug, 2024 06:19am
Business & Finance Non-filers, tax evaders: Data sharing among key stakeholders under way: McKinsey ISLAMABAD: The global consulting firm, McKinsey & Company Tuesday informed that data sharing among key... Published 14 Aug, 2024 06:40am
Print Misclassification of steel products: FBR urged to recover taxes from importers ISLAMABAD: The documented steel sector has conveyed to the Federal Board of Revenue (FBR) that misclassification of... Updated 07 Aug, 2024 08:00am
Print Educational, health institutions: Senate panel tells FBR to give details of tax, duty relief ISLAMABAD: The Senate Standing Committee on Finance has sought details of the educational and health institutions... Updated 07 Aug, 2024 08:36am
Print Karachi Port: Leakage of Rs1.2trn duty must be plugged: PM ISLAMABAD: Prime Minister Shehbaz Sharif has directed that tax pilferages such as the leakage of almost Rs1.2... Updated 25 Jul, 2024 12:21pm
Print New taxation steps come into effect today Government enforces new taxation measures of Rs1.761 trillion Updated 01 Jul, 2024 09:23am
Print Import of items under FTAs, PTAs during 2022-23: Major decrease in duty exemptions/concessions witnessed ISLAMABAD: The Federal Board of Revenue (FBR) has witnessed a major decrease in customs duty exemptions/concessions... Updated 17 Jun, 2024 02:32pm
Print 14-seater sightseeing bus: 30pc duty on electric vehicle import imposed ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed 30 percent customs... Updated 24 May, 2024 02:28pm
Business & Finance Customs Dept: Businessmen concerned over anti-smuggling functions KARACHI: Atif Ikram Sheikh, President FPCCI, has apprised that the business community had grievances with the... Published 23 May, 2024 05:16am
Print Chocolate ingredient: 20pc customs duty imposed on import ISLAMABAD: The Customs classification committee of the Federal Board of Revenue (FBR) has imposed a 20 percent... Updated 09 Apr, 2024 09:45am
Business & Finance Multivitamins, natural health products: FBR imposes 20pc duty on import ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) on Wednesday imposed 20... Updated 28 Mar, 2024 08:48am
Print Local automobile industry in deep trouble: PAMA KARACHI: The local automobile industry, already grappling with myriad of challenges, is now being severely impacted... Updated 27 Mar, 2024 09:34am