When every other store is being materialistic and increasing the price 300% and more Shaheen Chemist is the real hero. This is from their Social Media post: Shaheen is giving away free mask as a precautionary action against coronavirus that has hit Pakistan.We are here for you! Continue reading Humanity prevails! Shaheen Chemist gives out free masks!
The Federal Board of Revenue (FBR) has decided to do away with the system of clearing inbound automotive parts on weight basis. In the coming days, custom duties and other taxes on the imported automotive parts will be imposed on per unit basis. Earlier this month in Karachi, PAAPAM representatives held a meeting with senior FBR officials lamenting the losses incurred to the national exchequer … Continue reading New Tax System for Imported Cars launches Next Month- FBR
Increase in the price of imported products not only benefited the local businesses but decreased the current account deficit by 64% The country’s current account deficit (cad) in the first quarter of current fiscal year declined by a huge 64% mainly on the back of a 21pc reduction in the imports bill. The State Bank’s latest data issued on Friday showed the current account deficit … Continue reading Imports drop, Exports rise by $99m
If you are an importer of raw material or thinking about starting something related to this- we have some good news: You can apply for a reduced rate of withholding tax on importing raw material. Here is how using IRIS: The taxpayer will e-file a single “(Application u/s 159(1) / 148 for reduced rate of withholding tax on Import) (FOR QUOTA ALLOCATION)” for the whole … Continue reading Imports and Reduce rate of WHT