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The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed...

Ticaret Bakanı Mehmet Muş ile görüşen ABD Ticaret Temsilcisi Katherine Tai, tüm ülkelerin dijital hizmet vergisini kaldırması gerektiğini söyledi.

Experts discuss SROs impact on economy National February 10, 2021 ISLAMABAD: The National Tariff Commission (NTC) is proposing the government to bring out 500 to 600 tariff lines from fifth schedule of Customs Act to normal schedule in the upcoming budget 2021-22 in order to remove distortions from the SRO based concessionary regime. The cost of exemptions and concession in last two fiscal years stood at Rs2.3 trillion. The World Bank’s economist proposed that there should be sunset clauses for providing any concession to any sector with the guarantee that it would not be extended. It was...

Govt Announces Huge Tax Exemptions for Electric Cars in Pakistan A cabinet meeting held today under Prime Minister Imran Khan’s supervision reviewed Pakistan’s overall political and economic strategy along with other developmental affairs, that concluded in the approval of the country’s first-ever Electric Vehicle (EV) policy. The cabinet also gave a go-ahead to the Mobile Manufacturing Policy and the other decisions of the Economic Coordination Committee (ECC). ALSO READ The Minister for Production and Industry, Hammad Azhar, tweeted the following salient points of the EV policy for ca...

Govt Offers Incentives to Ghee & Cooking Oil Industry For Reducing Prices The government has offered the ghee and cooking oil industry to reduce prices of ghee and cooking oil to avail reduction in duties and taxes including abolition of 2 percent additional customs duty (ADC) and withdrawal of restriction on 100 percent input tax adjustment. A senior official in the Ministry of Industries & Production told ProPakistani that Federal Minister for Industries & Production, Muhammad Hammad Azhar held a meeting with the ghee and cooking oil industry on Friday at the Ministry. Muhammad Hammad Azhar...