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FBR Asked to Abolish the Condition of CNIC on Sales in Next Budget Business and trade bodies have strongly recommended the Federal Board of Revenue (FBR) to abolish the computerized national identity card number (CNIC) condition on sales in the coming budget (2021-22). The issue of the CNIC was discussed during the meeting of Mian Nasser Hyatt Magoo, President Federation of Pakistan Chambers of Commerce and industry held with Chairman FBR along with senior officials from Customs and IRS. The members from different trade bodies invited the attention of FBR towards the CNIC condition on sale which is counterproductive to required sales tax collection as well as impede the industrial production and markets sales. Nowhere in the world CNIC or identity is asked from buyers, Pakistan is the only example set by FBR causing problems in business, in specific promoting the agitations on street by the agents of sales of produce, the conducting of small business be settled in peac ....
Importers of bike spare parts in trouble over high taxes Association chairman criticises govt for imposing cumulative 85.5% duty It’s not the case that bike financing was unprecedented in Pakistan. The credit facility has been in place, but the renewed and increased interest is something new. PHOTO: FILE KARACHI: Stakeholders of the motorcycle spare parts segment of the automobile industry have said that the sector is overburdened with a high customs duty and additional customs duty applicable to the import of spare parts of two-wheelers. Speaking to The Express Tribune, All Pakistan Motorcycle Spare Parts Importers and Dealers Association Chairman Khalid Waheed criticised the government for slapping a cumulative 85.5% duty on commercial importers of auto parts. ....
National February 17, 2021 LAHORE: European Union Ambassador in Pakistan Mrs Androulla Kaminara called on Chief Minister Sardar Usman Buzdar on Tuesday and discussed the matters of mutual interest. Both agreed to constitute a working group for expanding bilateral cooperation. The EU ambassador expressed the satisfaction that positive headway has been made by Pakistan with regard to GPS-plus status and assured of cooperation in water waste management and other sectors. Talking on the occasion, the CM appreciated the cooperation extended by the European Union for social sector reforms and expressed satisfaction that economic cooperation and best friendly relations exist between Pakistan and the EU countries. The EU is a major trade partner and the government wants to further strengthen bilateral relations to benefit the people, he added. While discussing the steps relating to the GPS plus status, the chief minister pointed out that a number of important initiatives have ....
Lahore February 17, 2021 LAHORE:European Union Ambassador in Pakistan Mrs Androulla Kaminara called on Chief Minister Sardar Usman Buzdar on Tuesday and discussed the matters of mutual interest. Both agreed to constitute a working group for expanding bilateral cooperation. The EU ambassador expressed the satisfaction that positive headway has been made by Pakistan with regard to GPS-plus status and assured of cooperation in water waste management and other sectors. Talking on the occasion, the CM appreciated the cooperation extended by the European Union for social sector reforms and expressed satisfaction that economic cooperation and best friendly relations exist between Pakistan and the EU countries. The EU is a major trade partner and the government wants to further strengthen bilateral relations to benefit the people, he added. While discussing the steps relating to the GPS plus status, the chief minister pointed out that a number of important initiatives hav ....