Tag: Gst

Amid many trips down memory lane to the late 1970s, the Sindh Assembly on Saturday approved changes in the general sales tax (GST) on...

Since assuming power, the present Government despite tall promises has not been able to devise or implement any policy which could have revived the...

With the initial target of tax collection on various services set at Rs 25 billion in the next financial year, the Sindh government would...

Wrapping up the general discussion on the Punjab budget for the fiscal year 2011-12, Punjab Finance Minister Kamran Michael asked the federal government to...

Lahore Transport Company (LTC) Chairman Khwaja Ahmed Hassan condemned the imposition of 16 percent general sales tax (GST) on the purchase of diesel and...

Lahore Transport Company (LTC) Chairman Khwaja Ahmed Hassan condemned the imposition of 16 percent general sales tax (GST) on the purchase of diesel and...

Finance Minister Dr Abdul Hafeez Shaikh announced on Friday a number of tax rationalisation measures including reduction in general sales tax from 17 to...

The Pakistan Poultry Association (PPA) has strongly opposed imposition of the reformed General Sales Tax (GST) on processed poultry products and has asked the...

FAISALABAD - The Punjab government, after protests from formers, has approved payment of delivery charges of Rs 7 per bag to the farmers during the upcoming wheat procurement program but the confusion over imposition of 17 percent GST on wheat still exists ahead of the procurement schedule starting from April 20. Earlier, Kissan Board Faisalabad officials and farmers staged protests in Samundary, Tandlianwala, Chak Jhumra and other places against the cancellation of delivery charges

LAHORE - The Farmers Associates Pakistan (FAP) has rejected the government's decision to levy 17 percent sales tax on agricultural machinery, fertiliser, pesticides, seeds and other agricultural inputs, in a meeting of the Board of Directors held under the chairmanship of FAP Vice Chairman Syed Hussain Jahania Gardezi.
FAP spokesman Tariq Bucha said that, seemingly, certain unfaithful hands in the bureaucracy exist; who formulate polices against the interest of farmers and the

LAHORE - Pakistan Canvas Tents Manufacture and Exporters Association (PCTMEA) and Power Looms Association (PLA) Kasur have jointly called for a strike against the recently imposed reformed GST and flood surcharge.
In a joint statement issued on Monday, PCTMEA and Power Loom Association Kasur condemned the imposition of a 17.5 percent reformed GST and a 15 percent flood surcharge on income tax, saying that the move will prove detrimental for the business sector.
They said

LAHORE - The government should look to provide an atmosphere conducive to the promotion of business, rather than just focusing at levying new taxes. Promulgation of presidential ordinance for levy of reformed General Sales Tax (GST) and flood surcharge will hurt business activity, showing disassociation of the government from the business community. These views were expressed by the Pakistan Industrial and Traders Associations Front (PIAF) Chairman Sohial Lashari, Senior Vice-Chairman

KARACHI - The Sindh government on Tuesday decided that it would not give up its constitutional right to collect GST on all services related to the province. The decision was taken at a meeting presided by Sindh Chief Minister Qaim Ali Shah at the Chief Minister's House.
Sindh Chief Secretary Ghulam Ali Shah Pasha, Additional Chief Secretary (Planning and Development) Ishaq Lashari, Finance Secretary Muhammad Siddique Memon, Sindh Revenue Board Chairman Nazar Hussain Maher,

ISLAMABAD - The government has decided to start implementing revenue and power sector reforms by doing away with all exemptions under the general sales tax and subsidies on power tariff and petroleum products from February 1.
Official sources said the political leadership made the decision after the economic team informed it in clear terms that the national exchequer was left with no fiscal space to continue bearing Rs 20 billion per month in power tariff differential subsidy and

ISLAMABAD - The lobby of the rich within and outside the parliament is providing stern resistance on the imposition of reformed General Sales Tax (GST) in an attempt to evade taxes at the cost of the poor, independent analysts said.
They believed that the government should keep a vigilant eye on such elements and take steps for the passage of the reformed GST Bill from the parliament. This, they believed, was necessary for the economic sovereignty of Pakistan. Reformed General

LAHORE - Traders are again divided over the issue of reformed general sales tax (GST). All Pakistan Anjuman-e-Tajiran (APAT) has announced a countrywide strike against reformed general sales tax (GST) and price hike on Friday, December 31, while Qaumi Tajir Ittehad (QTI), Gulberg Traders Board Association and Mall Road Traders Association, has declared it irrelevant.
Speaking to Pakistan Today, secretary general APAT Abdul Razzaq Babbar said that traders would strongly react

KARACHI - The country's fiscal deficit may exceed seven percent of economic output, endangering its standing with international donors, due to a delay in implementing a reformed general sales tax (GST), analysts said on Monday.
The reformed GST, which is supposed to replace the current GST, was originally scheduled for implementation in July but has been delayed several times since then. Even its latest implementation date, January 1, seems unlikely now. The delays will squeeze