Pakistan News

    Zero Rated Sales Tax Items Pakistan

  • Zero-rated tax regime: dairy sector’s fears

    The Pakistan Dairy Association fears that the sector may be removed from the zero-rating tax regime in fiscal year 2015-16...

    The FBR chief told the Senate Standing Committee on Finance last year that the government has given maximum tax concessions to the dairy sector including the zero-rating sales tax status...

  • Revisiting the zero-rated tax regime

    As the budget time approaches, with the government mulling clamping import duty on certain dairy items, the Pakistan Dairy Association has started making noises...

    The industry’s fears emerge from a promise made by federal food minister Sikander Khan Bosan to reconsider the issue of the existing zero-rated tax regime in the budget-making exercise...

  • PM announces zero-rated tax regime for export sector

    ISLAMABAD: Prime Minister Nawaz Sharif on Friday announced zero-rated tax regime for the export sector to help it overcome liquidity crunch, and eliminate corruption in payment of refund claims...

    The premier took the decision during a meeting with leading businessmen to discuss the issue of pending tax refunds to exporters...

  • Rice exporters seek zero-rated tax regime

    KARACHI: The Rice Exporters Association of Pakistan (REAP) has urged the government to declare rice as a separate industry and place it under zero-rating along with five major export-oriented sectors...

    Mr Janoo said the government would have to go for “no payment no tax” policy to ensure corruption-free export trade and encourage exporters...

  • Zero-rated status sought

    ISLAMABAD: Rejecting the proposed five per cent sales tax on value-added textile products, the National Assembly Standing Committee on Tuesday demanded revival of zero-rated status for five leading export sectors of the country...

    A detailed presentation was given to the committee at its meeting held at the Ministry of Textile on high cost of doing business in Pakistan because of imposition of 2pc sales tax on value-added textile...

  • 1pc import duty on zero-rated raw materials likely

    KARACHI: The government is likely to impose one per cent customs duty on raw materials that are being imported at zero duty in the budget 2015-16...

    “Imposition of duty on zero-rated raw materials will generate huge revenue for the government as substantial number of critical industrial materials are being imported at zero duty,” the sources said...

  • Aptma seeks zero-rated electricity

    LAHORE: All Pakistan Textile Mills Asso­ci­ation (Aptma) on Wednesday urged the government to ensure zero-rating in all incidentals linking electricity tariff and announce a special tariff for the export-oriented textile industry...

    The Aptma chairman urged the government to ensure zero rating of all incidentals and pay back in the form of duty drawbacks or reimbursement against the export proceeds from yarn to fabric...

  • Prompt implementation of zero-rated exports regime sought

    LAHORE: The value-added textile industry on Monday urged the government to implement zero-rated regime at once instead of from July and issue the bonds for exporters without any delay...

    “Our industry will welcome the prime minister’s announcement of zero-rated regime for exporters only when it is implemented...

  • Govt refuses to continue zero-rated status of five exporting industries

    LAHORE: The deadlock between the government and textile exporters over a key budget proposal to abolish zero-rated status of five exporting industries from the next fiscal persisted on Saturday as the former rejected the business community’s demand for continuation of the facility on the grounds that it was being “misused to evade payment of taxes on their domestic sales”...

    However, some participants Dawn spoke with said the adviser...

  • Exporters insist on zero-rated regime in talks with PM

    ISLAMABAD: A meeting on Sunday between Prime Minister Imran Khan and leading businessmen and industrialists of the country ended without any decision on the grant of zero-rated status to the manufacturers of products that are exported...

    A participant of the meeting told Dawn on condition of anonymity that although the meeting could not take a final decision on the issue of zero-rating of exportable products, it was emphasised that...

  • Five zero-rated sectors threaten to go on strike

    KARACHI: The leaders of five value-added sectors have threatened to go on strike if the government withdraws zero-rated regime on their exports in the 2019-20 budget to be unveiled on Tuesday...

    They claimed that during negotiations with the government, it was initially stated that 16-17pc sales tax would be imposed on exports to be refunded later...

  • Exporters resent withdrawal of zero-rated regime

    KARACHI/LAHORE: Dismayed over the government’s decision to rescind SRO1125 in budget 2019-20 ending sales tax exemption under the zero-rated regime for five sectors, the industry on Tuesday rejected the move saying it will be disastrous for the country’s exports...

    Talking to Dawn Zubair Motiwala, a leading Karachi-based business leader, said during recent negotiations with government officials and minister it was clearly stated that...

  • Exporters demand restoration of zero-rated status

    KARACHI: Leaders of five export-oriented industries on Saturday demanded immediate restoration of zero-rated facility under SRO 1125 and withdrawal of 17 per cent sales tax on all exports that was imposed in Budget 2019-20...

    A protest rally which culminated at the Karachi Press Club (KPC) saw industrial workers carrying banners and wearing black bands on their arms, demanding continuation of the zero-rated status for exports...

  • CINEMASCOPE: ZERO PLUS ZERO

    The story goes something like this: in 1997 producer Sajid Nadiadwala and director David Dhawan (known for their utter disregard of common sense in stories) thought to rework the twin-brother formula by adapting the hit Telugu film Hello Brother with Salman Khan in the lead...

    Their movie Judwaa, and its amateurishly penned songs, were a mammoth hit
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