CPI increases at 4.12% in July16
KARACHI: Consumer Price Index (CPI) inflation stood at 4.1 per cent in July 2016 year-on-year (YoY), which is a 19-month high and higher than market expectations. Previous month in June…
Transfers & postings of PCS officers likely on Tuesday
KARACHI: The FBR is likely to notify transfers and postings of BS-21 and BS-20 officers of Pakistan Customs Service (PCS) on Tuesday. Chairman FBR Nisar Mohammad Khan is in USA,…
Pak Suzuki increases prices by 3% from Aug 1,
KARACHI: Despite the higher profits of Rs 488 million in April-June 2016, Pak Suzuki Motor Company (PSMC) Monday increased prices of all its car models by 3 per cent, minimum…
Increased taxation can damage external trade: Mian Zahid Hussain
KARACHI: President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday lauded Finance…
USAID and Engro collaborate to provide financial advisory to farmers
KARACHI: The United States Agency for International Development (USAID) and the Engro Foundation signed a Memorandum of Understanding (MoU) to generate investment opportunities and access to modern information technology for…
Navy, maritime security to provide fool proof security of Gwadar port and CPEC sea routes
CHINA: The launching ceremony of second Maritime Patrol Ship BASOL for PMSA was held at Liuzhou city, in Guanghi Province of CHINA. This was second ship of its class that…
Customs values of manicure/pedicure sets revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of manicure/pedicure sets vide Valuation Ruling No.896/2016. Since the previous values of manicure/pedicure sets determined vide Valuation Ruling No.382/2011…
Customs values of cobble plates revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of cobble plates vide Valuation Ruling No.895/2016. Recently Naimatullah Steel Works Pvt Ltd importers of cobble plates agitated against…
Tariq Huda holds last session with MCC Preventive staff
KARACHI: Collector MCC Preventive Karachi Tariq Huda had a last session with his formation, as Huda is leaving for management course vacating the office of Collector Preventive. Speaking on the…
Tribunal strikes down penalties and recovery against aseptic packaging material importer
KARACHI: The Customs Appellate Tribunal has struck down the penalties and recoveries imposed against an importer M/s Alpha Diaries Pvt Ltd declaring the case was void ab-initio, as the entire…
ONO against M/s Leader AG set aside
KARACHI: The Collector of Customs Appeals Dr. Zulfiqar Ahmad Malik has set aside the order-in-original served on M/s Leader A.G by assistant collector adjudication penalizing the company for mis-declaring the…