Al-Baraka to buy Burj Bank soon
KARACHI: AL-Baraka Bank (Pakistan) Limited (ABPL), a Bahrain and Emirates joint entity, has decided to purchase ‘The Burj Bank Pakistan and submitted the same for this possible merger to the…
Customs values of copper tubes revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of copper tube & copper capillary tube vide Valuation Ruling No. 911/2016. The customs values of copper tube &…
Customs values of mobile accessories revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of mobile accessories vide Valuation Ruling No. 908/2016. There are numerous reports that mobile accessories of different specifications are…
PSX receives overwhelming response to its invitation for expression of interests
KARACHI: Pakistan Stock Exchange Limited (Formerly: Karachi Stock Exchange Limited) has received an overwhelming feedback from foreign as well as local investors in response to its invitation for Expression of…
Total foreign investment up 124.8% to $113.9m
KARACHI: Despite the downward trend in Direct Investment, the country’s total foreign investment enhanced by 124.8 per cent to $113.9 million owing to the higher inflows of portfolio investments in…
Customs values of Aluminum Composite Panels revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of Aluminum Composite Panels vide Valuation Ruling No.909/2016. Customs values of Aluminum Composite Panels were earlier notified vide valuation…
Customs values of water dispensers revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of hot & cold water dispensers vide Valuation Ruling No.910/2016. Customs values of hot & cold water dispensers were…
Inland Revenue Tribunal strikes down audit proceedings against M/s Ahmed Medicose
KARACHI: Inland Revenue Appellate Tribunal Muhammad Javed Zakarya has set aside the order of DC Inland Revenue who had rejected 25 percent of the claim of purchases in the trading…
Inland Revenue Tribunal strikes down penalty imposed for non-filing of WHT statement
KARACHI: Inland Revenue Appellate Tribunal comprising Muhammad Javed Zakarya has set aside the penalties imposed on M/s Resilience Xpert Pvt Ltd by Commissioner Inland Revenue for non-filing of withholding tax…
SHC adjourns Dumper Trucks case till Aug 24 as response from Commerce Ministry awaited
KARACHI: An appellate bench of High Court of Sindh (SHC) on Monday adjourned hearing of two identical petitions filed by Haji Ihsanullah of Ihsanullah Construction Company till Aug 24. The…
SHC disposes of SCRA, declares penalty illegal
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Monday disposed of a Special Customs Reference Application (SCRA)…
Indian Granite import case: SHC hears contempt application against Collectors, Assistant, Deputy Collectors West, East
KARACHI: Justice Salahuddin Panwhar of High Court of Sindh (SHC) hearing a contempt of court application in a suit filed by Amer Saeed, importer of Granite from India adjourned hearing…