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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Planning minister highlights importance of Jordanian, Indian cooperation

JORDAN

AMMAN: Minister of Planning and International Cooperation, Imad Fakhoury, has emphasized the importance of ongoing cooperation between #Jordan and #India in various domains. He commended #India on the achievements and successes it has accomplished on many fronts that Jordanians have been closely following whether its vast industrialization process, growing infrastructure and services, food grain production, IT sector, technical education and ... Read More »

Jordan urges reopening of Iraq border, expediting pipeline project

JORDAN

AMMAN: Foreign Minister Ayman Safadi on Thursday urged Iraq to expedite efforts to reopen Amman-Baghdad road and implement the planned Iraqi oil pipeline. He also called for supporting the private sectors in the two countries to further develop trade relations and serve mutual interests. At a meeting with Iraqi Prime Minister Haider Abadi, he congratulated him for liberating Mosul and ... Read More »

Big Saudi plans to reduce dependence on oil revenue

JORDAN'

AMMAN: Facing a depressing prospect on oil revenue front, Saudi Arabia has drawn up ambitious plans to diversify its economy away from crude. In the last month alone, the kingdom has announced two major developments — one covering an area bigger than Belgium and another that will include an airport and shipping port. These are in addition to its plans ... Read More »

Jordanian king donates $1.4m to Waqf

JORDAN

AMMAN: Jordanian King Abdullah II bin Al-Hussein announced Wednesday that he would donate 1 million Jordanian dinars ($1.4 million) to the Islamic Waqf which administers the Temple Mount, Ynet reported. The Waqf said that the donation would allow for a $423 bonus for each employee, with the remainder going towards the Islamic Museum on the Temple Mount. Relations between Israel ... Read More »

Jordan planning tax reform this year

JORDAN

AMMAN: Jordan is to undertake individual income tax reform this year and continue to rationalize tax breaks from 2018-19, according a report from the International Monetary Fund (IMF). Following consultations with the country, the IMF said Jordan intends to broaden the tax base in the medium-term, including by amending the income tax law in 2017 and removing additional GST and ... Read More »

Weston sales tax goes into effect

JORDAN

AMMAN: Weston’s municipal sales tax will go into effect Jan. 1, six months earlier than originally scheduled. The tax was slated to go into effect July 1, 2018, due to noncompliance with legislative rules — until Warner’s emergency rule decision was filed recently. “We are very grateful that (Warner) and the Department of Revenue were so diligent in helping us ... Read More »

Scatec Solar’s Q2 revenue grows 31%

JORDAN

AMMAN: Scatec Solar ASA (OSL:SSO) said today its second-quarter net profit has decreased to NOK 1.5 million (USD 187,000/EUR 160,000) from NOK 5.5 million a year back, even though revenue rose by 31%. The Norwegian solar park builder and operator saw its consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) jump to NOK 217 million from NOK 153 million, ... Read More »

India, Jordan discuss ways to boost trade, investment

JORDAN

AMMAN: India and Jordan today discussed ways to increase cooperation in diverse areas like customs, taxation and visa to promote trade and investments between the two countries. The discussions were held during the 10th India-Jordan Trade and Economic Joint Committee (TEJC) meeting here. The two-day deliberations ended today. The meeting was co-chaired by Commerce and Industry Minister Nirmala Sitharaman, and ... Read More »

PetroPeru uses argus to price gasoline, diesel imports

JORDAN

AMMAN: Peruvian state-owned oil company PetroPeru has begun issuing import tenders for refined petroleum products using price assessments from global commodity price reporting and news agency Argus. PetroPeru — which supplies more than half of Peru’s 250,000 b/d refined products market — has issued a request for proposals to supply four cargoes of ultra-low sulphur diesel (ULSD) priced on the ... Read More »

Sarkozy’s aide convicted of tax fraud

JORDAN

AMMAN: A former adviser to former French president Nicolas Sarkozy was convicted on Friday of tax fraud and money laundering after being caught trying to take hundreds of thousands of euros in cash out of France. Boris Boillon, 47, was given a one-year suspended prison sentence and barred from holding public office for five years. Customs officers stopped Boillon at ... Read More »

India, Jordan discuss ways to boost trade, investment

JORDAN

AMMAN: India and Jordan today discussed ways to increase cooperation in diverse areas like customs, taxation and visa to promote trade and investments between the two countries. The discussions were held during the 10th India-Jordan Trade and Economic Joint Committee (TEJC) meeting here. The two-day deliberations ended today. The meeting was co-chaired by Commerce and Industry Minister Nirmala Sitharaman, and ... Read More »

Singling out soft drinks industry for sugar tax ‘unjustified’

jordan

AMMAN: Singling out the soft drinks industry for the new sugar tax is “unjustified”, an industry group has said, citing a large drop in the number of teenagers consuming such products daily. The Irish Beverage Council (IBC), a division of business group Ibec, noted a recent World Health Organisation (WHO) report that showed an almost 68 per cent reduction in ... Read More »

IMF completes first Jordan review, praises performance

JORDAN

AMMAN: The Jordanian economy has performed favourably under a difficult external environment, as macroeconomic stability and external viability have been maintained, thanks to a prudent monetary policy and progress in reducing the fiscal deficit, an international agency said. However, with below-potential economic growth, high unemployment, and difficult social conditions, steadfast implementation of reforms is critical to preserve these achievements and ... Read More »

Ryan gives tax-overhaul pep talk amid growing doubts in GOP

JORDAN

AMMAN: Four days before the one-year anniversary of the release of his tax blueprint, House Speaker Paul Ryan delivered a pep talk seeking to assuage growing doubts about the prospects for a major tax overhaul. “We’re going to stick the landing because we know we’ve got to,” Ryan said in a CNBC interview after an address to manufacturers billed as ... Read More »

107 tonnes of food imports refused entry by Agriculture Ministry in May

JOOODAN

AMMAN: The Agriculture Ministry refused entry of 107 tonnes of food imports in May due to violations of Jordanian import criteria, a government official said on Sunday. The ministry’s border centres refused entry, returned or destroyed 72 tonnes of fruit, 15 tonnes of grains, 11 tonnes of dairy products and eight tonnes of spices, according to the ministry’s spokesperson, Nimer ... Read More »

Amman Chamber of Industry exports decline by 9% in 5 months

JORDAN

AMMAN: Exports from the Amman Chamber of Industry (ACI) declined by 9 percent in the first five months of 2017, compared to the same period of 2016. According to statistic, the chamber’s exports in the first five months of this year stood at JD1,552 billion, compared to JD1,708 billion in the same period of the last year. The majority of ... Read More »

Pressure increases to discard border tax

JORDAN

AMMAN: The pressure on House Ways and Means Committee Chairman Kevin Brady (R-Texas) and Republican leadership to jettison border adjustability, a key but controversial part of the House GOP tax plan, keeps growing. Rep. Mark Meadows (R-N.C.), the chairman of the Freedom Caucus, an influential group of about three dozen ultra-conservative House Republicans, said at a June 9 Heritage Foundation ... Read More »

VAT reduction not being passed on to consumers: GRA

AMMAN: According to the Guyana Revenue Authority (GRA) businesses have used the 2% reduction in VAT to increase their profit margins rather than passing on the intended benefit to the consumers. A press statement from the agency explained that it has observed that notwithstanding the reduction in the VAT rate from 16% to 14% there has not been any incremental ... Read More »

9m narcotic pills seized in Jordan

JORDAN

AMMAN: Anti-Narcotics Department (AND) personnel have foiled an attempt to smuggle 9 million narcotic pills into Jordan, a country of around 9.5 million people, in the ‘biggest operation since the start of the year’ in the Kingdom, and possibly in the entire region, the Public Security Department (PSD) said in a statement on Wednesday. The AND received a tip-off about ... Read More »

New Amman Customs Centre opens in Madouneh

JORDAN

AMMAN: Deputising for His Majesty King Abdullah, Prime Minister Hani Mulki on Monday inaugurated the Amman Customs Centre project in Madouneh, worth JD93 million, financed by the Social Security Investment Fund (SSIF). The project, implemented by the government in cooperation with the private sector on the build-operate-transfer principle, is one of the strategic development schemes aimed to increase investments in ... Read More »