ECC-approved SROs given one-year extension
The govt. has given one-year legal backing (up to Jun. 30, 2018) to the SROs expiring on Jun. 30, 2017. These SROs were issued by the FBR after approval of the ECC of the Cabinet. In this regard, the Finance Bill 2017-18 has made amendments to Customs Act 1969, Income Tax Ordinance 2001, Sales Tax Act, 1990 and Federal Excise Act, 2005.
Senate body approves ‘The Right of Access to Information Bill, 2017’
The Senate’s Information and Broadcasting Standing Committee has unanimously approved 'The Right of Access to Information Bill, 2017.
Up to 300% increase in prices of fruit, vegetables
Consumer items have become up to 3 times more expensive in Ramazan, as retailers are overcharging consumers in the absence of an effective price checking mechanism. According to a handout issued by the Karachi commissioner, action was taken against 333 retailers involved in overcharging consumers. Of them, 23 retailers were sent to jail and over PKR 700,000 fine was imposed on others.
KCCI R&D Services
Karachi Chamber of Commerce & Industry
Aiwan-e-Tijarat Road, Off: Shahrah-e-Liaquat,