Country achieves 4.45% GDP in 2015-16
KARACHI: The Pakistan has achieved GDP growth by 4.45 per cent in 2015-16 against its target of 5-6 per cent despite slow exports and bad cotton crops in last fiscal…
CCP issues show cause notice to JCR-VIS for alleged predatory pricing
KARACHI: The Competition Commission of Pakistan (CCP) has issued a show cause notice to JCR-VIS Credit Rating Company for prima facie predatory pricing in the bidding for rating assignment of…
Customs values of empty hard gelatin capsules revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of empty hard gelatin capsules vide Valuation Ruling No.883/2016. The values of empty hard gelatin capsules were determined earlier…
Cotton prices ease
KARACHI: Cotton prices eased on Thursday in line with correction in New York Cotton Exchange, brokers said. Prices after crossing Rs7,000/maund, early this week, eased by around Rs200 and the…
Officials accused of abusing vehicles amnesty scheme seek bail
KARACHI: The proceedings in the case wherein two Inspectors of MCC Quetta were arrested under the charges of abusing vehicles amnesty scheme 2013 are moving forward as the arrested officials…
Lawyers three day boycott ends, Convention on July as planned
KARACHI: Hundreds of cases were adjourned and thousands of litigants suffered due to a three day strike call given by the bar associations of Sindh. The strike was jointly called…
FBR officers, staff wear black armband to express solidarity with Kashmiri brethren
KARACHI: The officers and staff of Federal Board of Revenue attended their offices on Wednesday morning, wearing black armbands to mourn the deaths of innocent civilian Kashmiris and protest the…
Sales tax deduction being made through automated system
KARACHI: Controller General of Accounts (CGA) with the assistance of Federal Board of Revenue (FBR) has developed software, which is now being used for automated verification of Sales Tax Registration…
CCP issues show cause notice to Green Field Developers
KARACHI: The Competition Commission of Pakistan (CCP) has issued a show cause notice to M/s Green Field Developers (Pvt.) Ltd for prima facie deceptive marketing practices in one of its…
FIA arrests Customs inspectors; PCA starts audit of vehicles amnesty scheme 2013
KARACHI: The Federal Investigation Agency (FIA) Karachi has arrested two customs officials of MCC Quetta for abusing the ‘vehicles amnesty scheme’ launched in March 2013, while three more officials of…
Preventive Lahore seizes gold worth Rs33.2 million
KARACHI: MCC Preventive Lahore has foiled a bid to smuggle out 7.3KG of gold and lodged an FIR. On information by Collector of Customs, Model Customs (Prevent) Lahore Zulfiqar Younas,…
Pak Army did it again
KARACHI: Pakistan Army successfully recovered Barrister Owais Ali Shah, son of Chief Justice Sindh, Syed Sajjad Ali Shah almost a month after he was abducted from a super store in…
FBR observes Black Day on July 20th
KARACHI: The Federal Board of Revenue (FBR) and all field formations of Inland Revenue and Pakistan Customs will observe Black Day on July 20, 2016 to express solidarity with the…
Govt to hold meeting with ABAD on Saturday, says Khalid Tawab 14 members committee has been set up to discuss the issue, says ABAD Chairman
KARACHI: Adviser to the Prime Minister, Haroon Akhtar has assured the Association of Builders and Developers of Pakistan (ABAD) for resolving the valuers of the State Bank of Pakistan in…
Establishment Division nominates BS-20 officers for 105th NMC
KARACHI: The Establishment Division has notified the nominations of BS-20 for the National Management Course being held at National Management Collage Lahore during August to November 2016. The BS-20 officers…
Lawless democracy or Dictatorial rule? People have to choose
KARACHI: There was a worse traffic jam at a signal in down town Karachi with a lone traffic police cop and few volunteers trying to make way. Like other people…
SHC orders release of goods imported in violation of IPO
KARACHI: Sindh High Court has ordered MCC Appraisement East to release consignments of polished granite slabs/tiles, which were blocked by Customs as these were imported in violation of Import Policy…
Colgate Palmolive penalized for mis-declaration
KARACHI: Collector Customs Adjudication Shafique Ahmed Latki has penalized M/s Colgate Palmolive Pakistan Ltd and clearing agent M/s Tanzil Traders for mis-declaring the value of imported goods sodium sulphate anhydrous.…
FPCCI demands for improving ports to reduce cost of exports and imports
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called for increasing focus on development of ports to ensure success of China Pakistan Economic Corridor. Better facilities at…
ADB forecasts economic boost in Pakistan in 2016-17
ISLAMABAD: The Asian Development Bank (ADB) has forecast further boost in Pakistan’s economic growth during 2016 and 2017 due to high investment in infrastructure, improved security environment and energy supply.…