FBR rolls out 1% tax scheme for small shopkeepers
Pakistan’s Federal Board of Revenue (FBR) has introduced a proposed tax scheme aimed at simplifying tax compliance for small shopkeepers by offering a reduced income tax rate of 1%. Under the proposal, traders with an annual turnover of up to Rs200 million will be eligible to join the scheme. Participants will be required to pay […]
Karachi Customs foils smuggling of 900 air conditioners
The Karachi Customs have seized nearly 900 air conditioners in an alleged smuggling attempt. Customs authorities in Karachi say they have seized hundreds of new air conditioners and other electronic appliances after uncovering an alleged attempt to import the goods under the guise of scrap. According to official documents, four consignments arriving from the United […]