Abdul Haye Sheikh to attend consultation on WTO-TFA
KARACHI: Federal Board of Revenue (FBR) has asked DG Immigration & Passports that Official/Gratis Passport for a period of three year in favor of Abdul Haye Sheikh, PCS/BS-19 be issued…
SBP issues revised prudential regulations for consumer financing
KARACHI: State Bank of Pakistan (SBP) has revised the Prudential Regulations for Consumer Financing with an aim to promote consumer financing in sustainable and fair manner while ensuring financial stability…
SSGC and IUCN jointly launch mangroves plantation near Port Qasim
KARACHI: Sui Southern Gas Company and International Union for Conservation of Nature (IUCN) organized a launching ceremony of mangroves plantation at Kangwari Islands near Port Qasim in the jurisdiction of…
Pakistan awarded 3-star rating by global competition review
KARACHI: The Competition Commission of Pakistan (CCP) has been awarded 3-star rating in the annual ranking of the World’s top antitrust/competition authorities, by the Global Competition Review (GCR). The Rating…
Tribunal strikes down penalties and recovery against chemical importer
KARACHI: The Customs Appellate Tribunal has struck down the penalties and recoveries imposed against an importer M/s King chemicals Corporation declaring the case was void ab-initio, as the entire scheme…
Ishaq Dar advises CM KPK to approach provincial governments for cess-free passage of goods
KARACHI: Finance Minister Ishaq Dar has advised Chief Minister KPK Pervez Khattak to approach provincial governments of Sindh and Punjab to effect suitable amendments in respective provincial legislations for ensuring…
Order-in-Revision; customs values of toilet soaps determined
KARACHI: The Director General Customs Valuation through an order-in-revision has re-fixed the customs values of soaps. Importers of toilet soaps had contended Valuation Ruling 863/2016 that the ruling was not…
SC allows appeals by Customs in Dumper exemption case
KARACHI: A bench of Supreme Court of Pakistan announcing a judgment reserved on 28-5-2016 allowed three civil appeals filed by Pakistan Customs assailing an order by SHC in favor of…
SHC seeks written comments of Commerce Ministry by Aug 15
KARACHI: A divisional bench of High Court of Sindh comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain Shaikh on Monday adjourned hearing of identical petitions filed by Haji Ihsanullah…
SC orders to stop construction of Bahria Town Land
KARACHI: The Supreme Court (SC) of Pakistan on Monday restrained Bahria Town from undertaking any development activity on 5,786 acres of land in Karachi with immediate effect. The Supreme Court…
Junejo becomes look-after Collector Preventive
KARACHI: Chief Collector Zahid Khokar has assigned look-after charge of Collector MCC Preventive to Collector Export Saifuddin Junejo. It may be mentioned here that Tariq Huda is going on management…
PCS officer removed from service
KARACHI: The Federal Board of Revenue (FBR) has dismissed Ms. Misbah Khatana (BS-19) Additional Director, Directorate of Risk Management Karachi on account of inefficiency & misconduct, a notification said on…
FBR notifies determined values of immovable properties in Karachi, Hyderabad, Sukkur
KARACHI: The Federal Board of Revenue (FBR) has notified values of properties in Karachi, Sukkur and Hyderabad. The FBR has categorized different localities and fixed the rates accordingly. As far…
ABAD to hold international exhibition every year
KARACHI: Hanif Gohar Chairman ABAD has said in view of the extra-ordinary response of ABAD Expo 2014, the association had decided to hold the exhibition every year. “ABAD Expo 2016…
Customs initiate cross-checking import trends under transit trade
KARACHI: Pakistan Customs has initiated cross-checking of import trends regarding goods which are imported in Pakistan as well as these same goods are also imported by Afghanistan through transit trade.…
Currency smugglers remanded into Customs custody
KARACHI: MCC Preventive I&P has secured 7-day remand from Customs Court of three persons who were arrested at Karachi airport a day earlier making an attempt to smuggle out foreign…
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…