KARACHI: The tax authorities have accepted an error in the proposal for an increase in the turnover tax on flour mills and said that the same would be rectified through an amendment in the Finance Bill 2021. In a statement, the Federal Board of Revenue (FBR) clarified that the table prescribing tax rates for a … Read more
The Economic Coordination Committee (ECC) has approved the recommendations made by the Punjab Government on wheat import, following which the Federal Government has allowed to import 2.5 million metric tons of wheat to the private sector and if the private sector does not import wheat within a specified period, the Federal Government itself can import … Read more
Prime Minister Imran Khan chaired a high-level meeting to review the availability of wheat and ensure control over flour prices. The meeting decided to immediately lift all restrictions on the inter-provincial movement of wheat and also to remove check posts. During the meeting, it was stated that an additional 2% duty is imposed on wheat … Read more
Senior Minister Punjab & Food Minister Abdul Aleem Khan has appealed to Flour Mills Owners to announce a voluntary reduction in flour prices during the holy month of Ramadan. Due to Corona Virus, in the light of the Punjab Government’s decision not to hold Ramadan markets, make sure that the flour continues to be available … Read more
