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The federal government has reduced the sales tax rate on MS petrol. According to the notification by the Federal Board of Revenue (FBR), the government slashed the sales tax rate on MS petrol by 5.63 percent with effect from 16 July 2021. ALSO READ FBR Relaxes Conditions For Import/Export Customs Clearance The sales tax rate on MS petrol has been reduced to 10.77 percent from 16.40 percent prior to 16 July. ALSO READ SECP’s Internal Letter Reveals Details of Investigation into Hascol Petroleum The notification mentioned that the sales tax rates have not been changed on high-speed diesel oil, kerosene,…

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The Federal Board of Revenue (FBR) has decided to relax conditions for importers for obtaining ‘unique user identifiers’ under the Customs Computerized System used for clearances of imports and exports. The FBR has issued S.R.O936(I)/2021 to amend Customs Rules, 2001 here on Monday. ALSO READ IFC’s Investment in Engro Polymer & Chemicals Ltd to Expand Operations and Promote Energy Efficiency Under the proposed rules, the Federal Board of Revenue (FBR) will not ask for personal appearance and submission of original NTN and CNIC of the importers for obtaining a ‘unique user identifier’ under the Customs Computerized System, where biometric information…

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Pakistan’s ride-hailing is about to reach the next level through a new entrant: CABI. Assuring to provide an excellent experience to its users and making their daily commute easier, CABI promises to provide safe and hassle-free travel solutions. Variants ranging from economy, economy plus, executive, executive plus along with 7-seater vans would provide options to users to get facilitated. Some additional variants would also be added which have never been experienced through any other ride-hailing services. It also gives insurance coverage to all the passengers including the drivers within the ride. The company’s main aim is to create more jobs…

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The federal cabinet is likely to approve the first ‘National Cyber Security Policy 2021’ on Tuesday. Federal Minister for Information Technology and Telecommunication Syed Amin Ul Haque told ProPakistani that the Cabinet meeting scheduled for Tuesday would consider two agenda items of the Ministry. The Cabinet would deliberate on National Cyber Security Policy 2021 and policy directive for the auction of NGMS spectrum in Pakistan, Azad Jammu & Kashmir and Gilgit-Baltistan. The Ministry of Information Technology and Telecommunication has drafted National Cyber Security Policy 2021, with guiding principle regard a cyber-attack on Pakistan as an act of aggression against national…

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