Tag: Surcharge

Islamabad High Court (IHC) has issued notices and sought replies from Ministry of Water and Power, IESCO, NEPRA and other parties in a petition...

All Pakistan CNG Association observed strike for the second consecutive day on Thursday against likely tax surcharge on fuel gas, leaving commuters and motorists...

Violent street protests in Punjab forced the federal government on Tuesday to send urgent directive to the National Transmission and Despatch Company (NTDC) and...

Pakistan Flour Mills Association (PFMA) North Zone has asked the federal government to immediately withdraw Fuel Adjustment Surcharge from electricity bills of the flour...

Business Forum Punjab (BFP) President Ibrahim Qureshi has criticised the government for unfairly taxing the common man to the tune of Rs60-100 billion per...

The Peshawar High Court (PHC) on Tuesday stayed the implementation of fuel adjustment surcharge in the power bills and stopped NEPRA, PESCO, TESCO and...

The Lahore High Court (LHC) suspended on Monday the recovery of fuel adjustment surcharge for the months of April and May from another 35...

Hearing pleas against the closure of Basic Education Community Schools and the National Commission for Human Development (NCHD), the Supreme Court (SC) on Friday...

Hearing pleas against the closure of Basic Education Community Schools and National Commission for Human Development (NCHD), the Supreme Court on Thursday directed the...

The Lahore High Court on Wednesday suspended a notification of the Water and Power Development Authority (WAPDA) for recovery of 20 percent fuel adjustment...

The Federal Board of Revenue (FBR) has announced that the 15 percent surcharge under Section 4A of the Income Tax Ordinance 2011 is payable...

Acting on diktats of international financial institutions, the federal government imposed on Friday an additional surcharge of two percent on the power tariff with...

PIA will have to link oil prices with fuel surcharge as oil prices are beyond the control of the airline and are adding to...

ISLAMABAD - A petition seeking a stay on the enforcement of an ordinance imposing 15 percent surcharge on income tax was filed in the Supreme Court on Friday. The petition was filed by Shahid Orakzai under Article 184(3), naming the federation through its law secretary as respondent.
The petitioner requested the court to declare the surcharge imposed on income tax through a presidential ordinance on March 15, 2011 as ultra vires of the constitution and the law, unless passed by

KARACHI - The Karachi Stock Exchange (KSE) has revised upwards its current advance rates of taxes by 15 percent after a recent presidential ordinance levied 15 percent surcharge on the payable taxes. A KSE notice (KSE/N-1544), which was issued by KSE Acting Managing Director Haroon Askari, informed KSE members that it would collect 15 percent more advance taxes on the purchase value, sale value, trade value and in respect of financing the carry over trade of the traded shares from

ISLAMABAD - The government on Tuesday announced the imposition of one time surcharge of 15 percent on income tax payable for the remaining period of current fiscal, with an immediate effect from March 15.
A statement issued by the Finance Ministry on Tuesday said that the government had increased special excise duty from one percent to 2.5 percent and withdrew 17 percent general sales tax exemptions on fertilizers, pesticides and tractors. The government also announced an end to

ISLAMABAD - The government notified the imposition of a 2 percent surcharge on the power tariff on Tuesday with immediate effect. The surcharge was finalised after a meeting of the ministries of law and water and power, an official source said, adding that a similar surcharge would be imposed in April and May.
The government has opted to impose the surcharge because it had already passed on the complete determined tariff by the National Electric Power Regulatory Authority