Pakistan’s central bank maintains key interest rates at 5.75%
KARACHI: State Bank of Pakistan (SBP) has kept the policy interest rates unchanged at 5.75% for May and June of 2017. Real GDP growth in FY17 is provisionally estimated at…
Pakistan stocks correct post MSCI reclassification review
KARACHI: Pakistan stocks market took a breather adjusting 1.95 percent during the week ended May 19, 2017 and investors flocked to book profits as MSCI upgrade euphoria settled down ahead…
Nestle Pakistan found evading government revenue
KARACHI: Directorate of Customs Intelligence & Investigation (enforcement) Karachi has served a contravention report on M/s Nestle Pakistan Limited for evading government’s legitimate revenue through under-declaring the values of imported…
Steel alloy case: SC orders release of consignment at new value, rate of duty
KARACHI: Resolving a controversy raised in a Special Customs Reference Application (SCRA) regarding the steel alloy, non alloy, an appellate of High Court of Sindh (SHC) comprising Justice Munib Akhtar…
SHC warns petitioner, directs filing of rejoinder by next date
KARACHI : A petitioner seeking release of an oil tanker was warned by a n appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Arshad…