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Ministry of Finance

Flat Duty of $5,000 confirmed on Vintage cars

ISLAMABAD: The Ministry of Finance, Economic Affairs, Statistics and Revenue has taken a decision on Tuesday for waiving off duty on trading of classic and vintage cars. It is announced that a flat rate of $5,000 will be imposed on the imports of these classics, without considering the engine capacity. The Federal Government has excluded vintage cars & jeeps from the umbrella of taxes including customs duty, regulatory duty, additional customs duty, federal excise duty, sales tax and withholding tax, instead there…

Govt not to ignore agriculture sector in upcoming budget: Dar

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar on Tuesday  said that government during the last two budgets had accorded due consideration to the agriculture sector as it deemed development of agriculture sector a key to overall economic progress, ARY News has learnt.