Pakistan Railways Freight Chief Executive Officer (CEO) Sufiyan Sarfaraz Dogar announced that the Pakistan-Russia international freight train service is expected to commence operations by March 15, 2025. The initiative aims to enhance regional trade with Iran, Turkmenistan, Kazakhstan, and Russia. Reported by Profit
FBR and all the Provincial Revenue Authorities i.e. BRA, KPRA, SRB and PRA have unanimously agreed to extend scope of Single Sales Tax Return (SSTR) to additional two sectors i.e. E&P (Oil & Gas) Companies and Microfinance Banks. Taxpayers registered in these two sectors are now required to file their sales tax returns for tax period November, 2024 due in December, 2024 and onwards on Single Sales Tax Return.
In the fiscal year 2023-24, Pakistan's exports to China increased by 33.64%, while exports to Afghanistan increased by 6.07%. Exports to Bangladesh decreased by 13.27%, while exports to Sri Lanka increased by 37.81%
Imports of high-duty items such as vehicles, home appliances, and other consumer goods fell by 1.3% in August.
Pakistan’s large-scale manufacturing (LSM) sector witnessed a significant improvement in August 2024, with production increasing by 4.68% compared to the previous month of July.
Pakistan’s exports to Saudi Arabia has surged 47%. During the initial four months of the current financial year, there has been a notable reduction in Pakistan’s trade deficit with Saudi Arabia.
Tens of thousands of dockworkers have launched a strike along the U.S. East Coast on 1st Oct 2024, disrupting major ocean shipping routes and sparking fears of potential shortages and inflation.
State Bank of Pakistan (SBP) on Friday received the first tranche of SDR 760 million (equivalent to $1.0269 billion) from the International Monetary Fund (IMF) under the $7 billion Extended Fund Facility (EFF).
The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to Pakistan. Pakistan will receive the first $1bn of the loan immediately, with the balance to be paid out over the next three years.
International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva has said that Pakistan’s economy “is on a sound path” amid the reforms undertaken by the government. International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva has said that Pakistan’s economy “is on a sound path” amid the reforms undertaken by the government.
We aim to provide all the information and queries pertinent to trading laws in Pakistan especially in context of custom rules and regulations for import and export of the goods.
LAWADAI is an AI ASSISTANT to answer your queries related to Pakistan customs laws and HS/PCT Codes. If you do not find the answer satisfactory, then you can use Search Pakistan Customs Laws where you can search by the keywords, Chapter Number or Section Number.
In the beginning we are providing facilities to get information from Pakistan Customs Act 2023, find the description of HS/PCT codes or HS/PCT code of an item in Search Items by HS/PCT Codes
The basic information regarding importing and exporting goods from Pakistan are available on Import to Pakistan and Export from Pakistan. Information about Incoterms and C&F Agents is also available here.
INCOME TAX LAWS
As we had promised earlier to add more services for your convinience, we have now add searching facility for INCOME TAX LAWS. You can now search the income tax laws using LAWADAI or SEARCH INCOME TAX LAWS link given in the search bar.
Soon we will add more facilities and information about trading and its laws.
ASK THE LAWADAI
- To whom should the bill of coastal goods be presented?
- What is the penalty of unloading goods other than customs port?
- How the dispute between customs officer and aggrieved person can be resolved?
- Who can cancel the port clearance?
- What is asset management company?
- What is an appellate tribunal?
- What is the tax rate on imported car?
- What is super tax?
- How much tax on rent income?
To get the most relevant answers, the question should be more specific.
For example "To whom should the bill of coastal goods be presented?" will produce more relevant answers than "To whom should the bill of goods be presented?" if you are interested in coastal goods.
Similarly, "What is the penalty of unloading goods other than customs-port or customs-airport?" will not return any answer. However, if you remove the hyphens from "customs port" and "customs airport" you will get the answer
There are few more example questions for custom laws.
Few example questions for income tax laws
If you receive no reply then try to rephrase your question or just use the keywords like 'rate of duty' or 'bill of coastal goods'.
A number before a word is the legal reference number. To see the reference click on Customs ActIf you think that the reply is not satisfactory then you may Search Pakistan Custom Laws
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- Fundamentals of Income Tax Law in Pakistan (Karachi Bar Association)
- Pakistan Individual - Taxes on personal income (PWC)
- A Breif on Tax Laws (KPMG)
- Pakistan's Tax Laws (ACCA)
- Federal Board of Revenue (FBR)
- Ministry of Commerce, Pakistan
- Trade Information Portal of Pakistan (TIPP)
- Karachi Port Trust (KPT)
- Port Qasim Authority (PQA)
- NLC Dry Ports
- Sialkot Dry Port Trust (SDPT)
- Institute of Corporate and Taxation (ICT)
- TRADE ATLAS
- Special Investment Facilitation Cooperation (SIFC)
- Strategic Export Control Division (SECDIV)
- Export Processing Zones Authority (EPZA)
- Trade Development Authority of Pakistan (TDAP)