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1-10 results from 1000 for query «taxes»

September 19, 2018 12:00 AM Income tax relief retained for all but top 70,000 earners

ISLAMABAD: The government abolished tax breaks for Pakistan's top 70,000 earners in its mini-budget on Tuesday, while retaining the tax concessions to the salaried work force. The Finance Minister, Asad Umar, told the reporters that higher taxes would be charged only from people earning Rs200,000 or more a month, or in excess of Rs2.4 million a year. The other 11

September 18, 2018 12:00 AM OICCI proposes steps to increase tax revenue

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has proposed certain measures to broaden the tax base and increase revenue collection. In a letter dated September 10, 2018 to Federal Board of Revenue (FBR) Chairman Jahanzaib Khan, the OICCI suggested that the board reviews 2016 Tax Reforms Commission (TRC) recommendations and implement 3

September 17, 2018 12:39 PM 10-20pc increase in gas prices for majority, 143pc increase for 'upper class'

Following a meeting of the Economic Coordination Committee (ECC) on Monday, Minister of Petroleum Ghulam Sarwar Khan broke down the increase in gas prices across the country for media personnel. Flanked by Information Minister Fawad Chaudhry, Khan explained that the government had categorised gas consumers into seven slabs instead of the pre-existing 2

September 6, 2018 12:00 AM Heavy tax by Afghan govt: Transporters continue wheel-jam strike

PESHAWAR: The transporters on Wednesday continued wheel jam strike against the levy of exorbitant taxes on goods transportation to Afghanistan and asked the Afghan authorities to withdraw the increase on the tax. The transporters have been staging a protest near the Haji Camp in Hayatabad for the last two months to force the Afghan authorities to stop receiving 1

September 2, 2018 12:00 AM Fitch cuts Italy’s debt outlook

MILAN: Fitch Ratings on Friday cut Italy´s sovereign debt outlook to ´negative´, citing expectations that the new coalition government´s fiscal loosening would leave the country´s high levels of debt more exposed to potential shocks. The ´new and untested nature´ of the country´s populist government, which has been in office since June and is made up of the anti-establishment 1

September 1, 2018 1:34 PM Asad Umar responds to brother Zubair’s tweet on POL taxes

KARACHI: Minister for Finance Asad Umar on Saturday responded to his brother and former Sindh Governor Mohammad Zubair on his tweet demanding cut in taxes on petroleum products. ‏"I am sure one of his 1st acts would be [to] cut down the taxes on petrol that he had been demanding while in opposition," Zubair had said on August 07 with a screenshot of finance

September 1, 2018 12:00 AM ANP leader asks Centre to rebuild houses, infrastructure in tribal districts

PESHAWAR: Awami National Party (ANP) leader Sardar Hussain Babak on Friday asked the federal government to announce construction of houses, markets and other infrastructure in Khyber Pakhtunkhwa's tribal districts that were destroyed as a result of terrorism and military operations. Through a statement issued here, ANP parliamentary leader in Khyber 2

September 1, 2018 12:00 AM 18k gold foil Lamborghini Aventador S lands in Islamabad

ISLAMABAD: The 18k gold foil Lamborghini Aventador S luxury car has arrived in Islamabad. The car’s price is Rs185 million carrying taxes and duties of over Rs100 million paid by the owner to the government. The owner of this car hails from Islamabad. The car has been imported from the UK. “More than hundred million rupees has been paid to the government

August 31, 2018 12:00 AM Panasonic to move UK headquarters

Tokyo: Panasonic plans to move its European headquarters from Britain to the Netherlands later this year over concerns about potential tax issues related to Brexit, a company spokeswoman said Thursday. "We will move our European headquarters to the Netherlands," the spokeswoman told AFP, confirming a report in the Nikkei business daily about the Japanese

August 31, 2018 12:00 AM Tax bar association proposes policy board on revenue

KARACHI: The apex tax bar of the country has recommended the new government to establish policy board on tax revenue to make Federal Board of Revenue (FBR) an efficient and transparent organisation. In a letter sent to Finance Minister Asad Umar on Thursday, Abdul Qadir Memon, president of the Pakistan Tax Bar Association (PTBA), urged the minister to set up “Policy