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PIDE terms fiscal revenue target ‘too ambitious’

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has described the revenue target of Rs2,810 billion for the fiscal year 2014-15 as too ambitious to be met, saying the projected increase in revenue collection target is likely to be missed due to various factors. In a report, the PIDE cited that the highest growth in tax collection Pakistan had ever ... 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 high-ups alleged of nepotism in incentive distribution

KARACHI: The Pakistan Customs officials below Grade-16 have asked Federal Board of Revenue to take action on possible nepotism in distribution of incentive among officials. They blamed that some officers were given favoritism out of the way by some high-ups. Expressing their deep concerns over the distribution of rewards/incentives among the officials of Pakistan Customs, they alleged that the rewards ... Read More »