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Tag Archives: August

Spain to receive 17 LNG cargoes in August, reload 3 vessels

MADRID: Spanish LNG terminals will receive 17 LNG cargoes in August and reload three vessels for a total net intake of 1.76 million cubic meters, according to initial nominations published by gas grid operator Enagas. The total amount of LNG incoming will be 2.16 million cu m, while the reloaded volume will be 400,000 cu m, the company said. By ... Read More »

Excise Dept captures documents of 20,000 defaulter vehicles

LAHORE:  The Excise and Taxation Department has seized documents of 20,000 defaulter vehicles and impounded hundreds in the Punjab. These documents were confiscated during last four months of July, August, September and October. Owners of the defaulter vehicles are not been paying their token tax and tax not on transfer of vehicles. The Excise Dept received almost Rs 40 millions ... Read More »

Pakistan fails to achieve export targets

Experts say Pakistan is facing huge deficit due to low demand for its exports LAHORE: The government has failed to achieve export target in the first two months of the current fiscal year 2014-2015. According to details, the export target for July was $2.2 billion, while the exports remained $1.9 billion – $322 million less than the assigned target. This is ... Read More »

FBR raises large taxpayer unit’s target by 30pc

LAHORE: The Large Taxpayer Unit (LTU) of the Federal Board of Revenue (FBR) has been assigned 30 percent more revenue target for September this year than the last year’s collections of Rs 15.03 billion during the same period. Sources told Customs today that the FBR has assigned Rs 19.497 billion tax collection target to LTU for September this year, which ... Read More »

Remittances up by 12.61pc in July, Aug 2014

KARACHI: Pakistanis living overseas remitted an amount of $2978.10 million in July and August 2014 of the current fiscal year, showing an impressive growth of 12.61 percent against $2644.53 million received during the corresponding period of last FY14. The inflow of remittances during August 2014 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and ... Read More »

MDP Customs duty collection up by Rs704m in August

MULTAN: The Multan Dry Port (MDP) generated Rs873.300 million in the head of Customs duty during the month of August of current fiscal year 2014-15. The revenue collected in the month of August increased Rs704 million against Rs169 million collected in the month of July of the current fiscal year. Similarly, the monthly collection of Sales Tax on import in ... Read More »

Customs Port Qasim collects Rs 25.6b in August

KARACHI: The Model Customs Collectorate of Port Muhammad Bin Qasim has collected revenue of Rs 25.6 billion in share of customs duty, sales tax, federal excise duty and income tax in August 2014. As per details, Collectorate of Port Muhammad Bin Qasim has increased its revenue collection by Rs 5.89 billion as revenue collection in July was Rs 19.74 billion. ... Read More »

FBR revenue increases by 8pc despite Imran, Qadri marches

ISLAMABAD: The tax collection of Federal Board of Revenue (FBR) has not affected by current political turmoil due to Imran and Qadri’s marches which cost Rs450 billion losses to economy of Pakistan in last few days. As per details, FBR has managed to collect Rs79 billion of revenue in current month till August 18 with an increase of 8 per ... Read More »