Islamabad: The Federal Board of Revenue has proposed to raise additional funds through sales tax on a number of industries. Among others are included the cement and steel production sectors. A combined total of Rs7 billion are expected to be collected from the cement and steel sectors. This is part of the overall drive to generate additional sales tax revenue of Rs509 billion.
The proposed move is aimed at simplifying the process of GST collection by reducing the current 272 tax rates to a two-tier tax rate. The proposal imposes general sales tax and in addition withdraws exemption from several sectors. It also focuses on better enforcement of sales tax collection from certain sectors. This is where the cement and steel production sectors come into picture. FBR has proposed to generate an additional Rs4 billion from cement and Rs3 billion from steel sectors.
For news and updates keep on visiting Graana blog
ISLAMABAD: The Capital Development Authority (CDA) and the Asian Development Bank (ADB) have entered into…
Islamabad: The Capital Development Authority (CDA) has announced plans to issue possession letters to allottees…
Islamabad, [24 March 2025] – Graana.com, Pakistan's leading online real estate marketplace, is proud to…
Islamabad, Pakistan – March 2025: Graana.com, Pakistan’s leading real estate platform, has proudly partnered with…
KARACHI: Sindh Local Government Minister Saeed Ghani chaired a meeting on Monday to review measures…
ISLAMABAD: The Capital Development Authority (CDA) has unveiled plans to develop a modern food street…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
