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Jun 20, 2022

IMF & BTB Measures – Fin Bill Proposals & Expectations – RD on Petrol – Raw Material Imports – IPPs Exemption – Refunds – Cus & Balochistan Budget

1.      GOVT LOOKING INTO WAYS TO EXPAND TAX AMBIT: ALSO SEEKS OTHER MEASURES 
TO BRIDGE GAP WITH IMF BY END OF MONTH

2.      FBR CHAIRMAN EXPLAINS IMPORTANCE OF INCREASE IN TAX RATES FOR 
SALARIED PEOPLE: SAYS ISSUE INVOLVED IN THE TAXATION OF THE SALARIED 
CLASS IS NOT REVENUE GENERATION, BUT REFORM OF THE INCOME TAX SLABS

3.      FBR’S PLEA AGAINST LHC ORDER IN SALES TAX REFERENCE - ORDER VOID IF 
MATTER IS DECIDED AFTER PRESCRIBED TIME: SC DECLARES THAT THE TIMEFRAME 
SET OUT IN SECTION 45-B (2) OF THE SALES TAX ACT, 1990 FOR DECIDING THE 
APPEAL IS MANDATORY

4.      FINANCE BILL 2022: EXEMPTION TO IPPs LIMITED

5.      IMPLEMENTATION AGREEMENT: HUBCO URGES GOVT NOT TO WITHDRAW IT EXEMPTION

6.      PAKISTAN DECIDES 10% REGULATORY DUTY ON PETROL IMPORT

7.      17PC SALES TAX ON IMPORT OF RAW MATERIAL: PPMA-GOVT ROW CAUSES 
MEDICINES SHORTAGE
8.      PHARMA COMPANIES: FBR OFFICIALS DIRECTED TO ISSUE REFUNDS MANUALLY
9.      IMPORTERS’ BODY CALLS FOR REMOVING BAN ON IMPORT OF COCONUTS

10.     FOREIGN ASSETS DECLARED UNDER AMNESTY IMMUNE FROM CVT

11.     TO FACILITATE INCOMING PASSENGERS, FBR DECIDES TO AMEND CUSTOMS 
BAGGAGE RULES

12.     PSW HOLDS MEDIA DIALOGUE FOR COLLABORATION ON CROSS-BORDER TRADE 
FACILITATION

13.     BALOCHISTAN BUDGET TO BE PRESENTED TODAY

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