Trade
PRA to bring long-standing non-taxpayers into tax net
LAHORE, Jan 14 (APP):Punjab Revenue Authority (PRA) has decided to bring individuals and companies which have remained outside the tax net for a long time into the formal taxation system. Under this decision, service-providing companies across the province will be required to ensure mandatory registration with Punjab Revenue Authority. Registration under the E-Invoicing Monitoring System […]
Customs seized smuggle NCP vehicles, heavy bikes worth Rs. 412.2 million
ISLAMABAD, Jan 14 (APP):The customs enforcement Islamabad seized smuggled NCP vehicles, heavy bikes and electronic goods worth Rs. 412.2 million. The Collectorate of Customs Enforcement, Islamabad, has seized a large consignment of smuggled and non-duty-paid goods, including luxury vehicles, heavy bikes, and electronic items, during intelligence-based operations conducted late at night. The total estimated value […]
Pakistan, Canada agrees for strengthening bilateral trade investment ties
ISLAMABAD, Jan 14 (APP):Pakistan and Canada Wednesday reaffirmed their commitment to further strengthen bilateral trade and investment relations and agreed to work closely to enhance economic engagement. Federal Minister for Board of Investment (BOI), Qaiser Ahmed Sheikh, held an important meeting with H.E. Tarik Ali Khan, High Commissioner of Canada to Pakistan, and today in […]
Rupee gains 03 paisa against US Dollar
ISLAMABAD, Jan 14 (APP):The Rupee on Wednesday appreciated by 03 paisa against the US Dollar in interbank trading and closed at Rs 279.97 compared to the previous day’s closing at Rs 280.00. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at […]
FBR prioritizes documented economy, through reforms, digital transformation
ISLAMABAD, Jan 14 (APP):The Federal Board of Revenue (FBR) has placed institutional reform, digital transformation, and automation at the top of its agenda to help build a documented economy, with the ultimate objective of significantly increasing Pakistan’s tax-to-GDP ratio. Dr Najeeb Ullah, Chief Reforms and Modernization at the FBR, said that reforms and digitization are […]
ICCI President highlights key proposals for tax facilitation, ease of doing business
ISLAMABAD, Jan 13 (APP):President Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday highlighted key proposals for tax facilitation and ease of doing business. President ICCI endorsed these concerns and reiterated the Chamber’s demands, stressing that tax reforms and enforcement measures must be business-friendly, consultative and aligned with ground realities, particularly for small and medium […]
Torkham Customs seizes over 21,000 rounds of arms, ammunition in smuggling attempt
ISLAMABAD, Jan 13 (APP):Pakistan Customs authorities at Torkham foiled a major attempt to smuggle arms and ammunition into Pakistan, seizing over 21,000 rounds of SMG and rifle cartridges along with other arms. The suspicious consignment was detected during routine cargo scrutiny at Customs Station Torkham, said a news release. An apparently empty vehicle, bearing registration […]
Rupee gains 01 paisa against US Dollar
ISLAMABAD, Jan 13 (APP):The Rupee on Tuesday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs 280.00 compared to the previous day’s closing at Rs 280.01. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at […]
NBP Exchange Rates
KARACHI, Jan 13 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying US DOLLAR […]
SMEDA briefs businessmen about business development
LAHORE, Jan 12 (APP):Small and Medium Enterprises Development Authority (SMEDA) apprised the local businessmen about the business development services of SMEDA including pre-feasibilities, planning and taxation to ensure success of an SME. A two-member team of experts Saddam Qazi and Aamir Tariq informed the businessmen at the SMEDA stall at the SME Finance & Banking […]