Latest News

Budget proposals for FY2015-16: KCCI for sales tax audit only on random ballot basis

PAR May 6, 2015 0

The Karachi Chamber of Commerce and Industry (KCCI) has proposed that sales tax audit should only be conducted on random balloting basis. In its budge...

My budget’s eleven

PAR May 6, 2015 0

The next fiscal year’s budget announcement is round the corner and much is being said these days in the business and economic circles to guide the gov...

PM defers decision on increasing development budget

PAR May 6, 2015 0

ISLAMABAD: As national planners dub the proposed Rs580 billion development budget for the next fiscal year as insufficient, Prime Minister Nawaz Shari...

FPCCI TO SUPPORT TEA INDUSTRY

PAR May 6, 2015 0

Karachi—Tea Industry is one of the most important industries of Pakistan and it has huge contribution towards Pakistan economy. This was stated by Abd...

S&P raises Pak outlook, growth projections

PAR May 6, 2015 0

LAHORE Standard & Poor’s has raised Pakistan’s credit rating outlook to positive from stable, as lower energy costs and an IMF loan boost growth...

TRC suggests revival of ITSC to settle tax disputes

PAR May 6, 2015 0

The Tax Reform Commission (TRC) has proposed to the Federal Board of Revenue (FBR) to revive Indirect Tax Settlement Commission to settle tax disputes...

Pakistan Weather Updates As on 5th May 2015

PAR May 6, 2015 0

Wheat crop finally ready to harvest in Mirza Virkaan, a village near Sheikhupura 05-5-2015 - 12:40 PM The wheat stems glistened like gold in the warm...

Next tranche of loan: FBR Chairman Bajwa to brief IMF on tax collections

PAR May 5, 2015 0

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa will leave for Dubai, United Arab Emirates, on May 6 (Wednesday) to brief the Internati...

Pakistan, Tajikistan agree on bilateral consultation to enhance trade between two countries

PAR May 5, 2015 0

ISLAMABAD: Nizom-ud-Din Zohidi Shamsiddinzoda, Deputy Minister of Foreign Affairs of the Republic of Tajikistan paid a courtesy call on Sartaj Aziz, A...

TDAP asks finance ministry to release Rs 100b tax refund to increase exports by $8b

PAR May 5, 2015 0

KARACHI: To achieve the economic growth, public holidays in main government functionaries should be restricted at one in a week, which would certainly...

ICCI calls for shutting down arrests of traders till settlement of shops closure issue

PAR May 5, 2015 0

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to direct the local administration and the police to immed...

Govt urged to release tax rebates on top priority basis to improve economic growth

PAR May 5, 2015 0

LAHORE: All pending claims of the exporters including custom rebates, sales tax rebate should be released at the earliest. This was stated by Muham...

The mini-budget addiction

PAR May 5, 2015 0

Adhoc measures have always ruled in Islamabad, but Finance Minister Ishaq Dar appears to have made them his first choice of policy instrument. It appe...

Exporters want incremental rebate claims

PAR May 5, 2015 0

KARACHI: Exporters have urged the government to immediately start accepting and processing claims for incremental rebate incentive scheme announced in...

PPA for promotion of poultry processing

PAR May 5, 2015 0

LAHORE - While presenting budget proposals to Federal Commerce Minister Khurram Dastgir Khan, Pakistan Poultry Association central chairman Major (r)...