On 5 January 2018, the Economic Coordination Committee (ECC) of the Cabinet approved withdrawal of sales tax and customs duty on import of cotton effective from 8 January 2018.
The ECC also granted approval for issuance of GoP Sovereign Guarantee for Rs39,000 million for construction of two 660 MW coal power projects at Jamshoro. The approval has been granted after third party evaluation of the project and authentication of the projected demand and supply data submitted by NTDC.
Related Posts
Pakistan will be introducing reduced electricity tariffs this winter according to an interview of Power Minister Awais Leghari on Saturday, 9 November 2024. Business and citizens are likely to benefit from a 7-8% reduction in power
Read More Pakistan's Federal Board of Revenue (FBR) published a Notification S.R.O. 949(I)/2024 on 3 July 2024, which includes new returns forms available for companies, salaried persons, and business individuals for the tax year 2024. The forms are
Read More
The Finance Bill 2024 enacts specific provisions proposed in the 2024-25 Budget on 12 June 2024, which include amendments to personal income tax, capital gain tax, sales tax, excise duty, and other taxes. These changes will take effect on 1 July,
Read More Pakistan’s Finance Minister Muhammad Aurangzeb presented the 2024-25 federal budget of PKR 18.87 trillion (USD 68 billion) in the National Assembly yesterday, 12 June, 2024. This year’s national budget is an increase of 40% from the current
Read More Pakistan's coalition government is set to unveil fiscal targets in the 2024-25 budget tomorrow, 12 June 2024, which aims to strengthen its bid for a substantial new IMF loan anticipated to be between USD 6 billion and USD 8 billion. The growth
Read More
Pakistan and Kuwait have agreed to formalise Memorandum of Understandings (MoUs) for collaboration in various areas. During the 5th Session of the Pakistan-Kuwait Joint Ministerial Commission; held from 28 – 30 May, 2024, in Kuwait; both
Read More
