Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: Aurangzeb, Cost, FinMin, taxed, Traders, vows

July 6, 2024

News Desk

All traders will be taxed at any cost, vows FinMin Aurangzeb

Finance Minister Muhammad Aurangzeb speaks during an interview with AFP at the Embassy of Pakistan in Washington, DC on April 15. — AFP FinMin talks to business leaders at FPCCI regional office in Lahore. stresses that the budget for this fiscal must be seen in a broader perspective. Aurangzeb says ministries assigned to provinces should be abolished. Reiterating the government’s commitment to meet an ambitious revenue target laid out in the 25th budget, Senator Muhammad Aurangzeb, finance and revenue minister, categorically said on Saturday that all traders would be taxed without exception and at all costs. The increase in the

July 6, 2024

News Desk

FBR is considering options to bring traders into the tax net

A man walks with sacks of supplies on his shoulder to deliver to a nearby store in a market in Karachi, Pakistan, June 11, 2024. — Reuters FBR is thinking of unveiling simplified fixed scheme with base. The board seeks to bring 3.6 million retailers into the tax net. Only 78 retailers were enrolled in the Tajir Dost Scheme. ISLAMABAD: Amid the dismal performance of the Tajir Dost Scheme which enrolls only 44,830 retailers, the Federal Board of Revenue (FBR) is mulling options to unveil a simplified fixed scheme based on shop valuation to bring 3.6 million retailers into the

July 5, 2024

News Desk

Oil traders call off strike after successful negotiations

A large number of vehicles stand in a queue to fill their vehicle’s petrol tanks at a petrol pump in Islamabad on May 24, 2022. — Online The Pakistan Petroleum Dealers Association (PPDA) late on Friday night called off its strike after successful negotiations with the federal government. Petrol pumps across the country went on a partial strike on Friday as oil marketers remained divided over a strike call over the 0.5% turnover tax imposed in the 2024-25 federal budget. After the successful talks, PPDA Secretary General Nouman Butt said: “Income tax is the regulatory sector of petroleum prices. Oil

July 5, 2024

News Desk

Oil traders’ strike sparks panic buying

KARACHI: Cash-strapped commuters rushed to petrol pumps across the country and formed long queues on Thursday in a bid to refill their tanks ahead of the day-long stoppage strike that petrol stations have called for Friday (today). The strike by the owners of around 13,000 petrol stations across the country was set to start from 6am. Abdul Sami Khan, president of the Pakistan Petroleum Dealers Association (PPDA), told The Express Tribune that the strike may be extended beyond a day. “Oil traders will review the situation [the government response] at about 2-2:30 p.m. and develop a future strategy to persuade

June 30, 2024

News Desk

Traders urge PM to withdraw SRO 350

KARACHI: Industrialists of Karachi have appealed to the Prime Minister, Finance Minister and Commerce Minister to take cognizance of the emerging situation and issue immediate orders to repeal SRO 350 for the smooth functioning of businesses and industries that are already going through tough times. They called on the government to repeal or withdraw SRO 350 as utilities like Sui Southern Gas Company (SSGC), K-Electric and others could not file sales tax returns on time because the Federal Board of Revenue ( FBR) had yet to face issue. Sharing their concerns with The Express Tribune, dozens of business leaders belonging

June 11, 2024

News Desk

Traders for action against the debt crisis

KARACHI: Top business executives have expressed concern over the country’s rapidly increasing domestic and foreign borrowing, highlighting the lack of a wise and sustainable policy aimed at reducing or eliminating these debts. They stressed the urgent need for the government to find immediate solutions to curb spending, widen the tax net and stop pandering to vested interests and elite capture. They also stressed the importance of maintaining primary fiscal balance in the medium term through streamlining spending, including privatization of loss-making state-owned enterprises (SOEs) and strengthening revenue mobilization. The country’s debt and liabilities have reached a record 81 trillion rupees,

May 25, 2024

News Desk

Traders demand new horticultural varieties

KARACHI: The All Pakistan Fruits and Vegetables Exporters and Importers Association (APFVEA), while presenting budget proposals for the financial year 2024-25, highlighted the need to introduce new varieties of horticultural crops through extensive research and development (R&D) work. Sharing details with The Express Tribune, APFVEA chief Waheed Ahmed said that new varieties for fresh tangerine (kinnow) should be developed to boost export of the citrus fruit by allocating Rs 200 million for R&D. He demanded withdrawal of the 20% Federal Excise Duty (FED) imposed on the fruit juice industry in the previous budget as its sales had fallen by 40%

April 25, 2024

News Desk

FBR study options to penalize unregistered traders

Representational image showing a salesman sitting in his shop. — Reuters/File Registrations for the Tajir Dost program will end on April 30. The government is considering action after a lackluster response from retailers. FBR plans to make unregistered businesses unviable. ISLAMABAD: With only over 105 retailers enrolled in the ongoing Tajir Dost scheme, the FBR is considering various options to scrap the Non-Active Tax List (Non-ATL) and levy exorbitant rate of 10-15% on sale to unregistered retailers. The FBR is looking at various options to make unregistered businesses unviable instead of going after 3.6 million retailers in the country. It

February 29, 2024

News Desk

NEPRA endangers livelihood, say traders

According to data provided to Nepra, power generation in June 2021 was recorded at 14,361.17 GWh. PHOTO: FILE KARACHI: The business community, frustrated by the rising cost of inputs, has appealed to the government to stop the National Electricity Regulatory Authority (Nepra) from taking anti-people and anti-business decisions as businesses are on the verge of collapse, putting their livelihood millions of people at risk. Now, there is no reason to strike to protest rising energy tariffs because industries will eventually shut down, which will also hurt the country’s exports, he warned. Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar

February 16, 2024

News Desk

Traders are calling on the government to withdraw the gas price hike

KARACHI: Hyderabad Chamber of Small Traders and Small Industries (HCSTSI) President Muhammad Farooq Shaikhani has hit out at the Economic Coordination Commission (ECC) for its decision to make a massive 65% hike in gas tariffs. He appealed to all political leaders and rulers of the country to immediately withdraw the increase in the price of natural gas to restore the confidence of the business community and encourage collective efforts to stabilize the national economy. He urged them to reconsider the decision, pointing out that in developed countries utilities are not exploited for financial gain. He argued that the government’s focus

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com