Lawyers attack Customs staff, obstruct justice
KARACHI: R&D of MCC Appraisement East has submitted an incident report before the Court of Customs & Taxation, whereby it is informed that two persons dressed in lawyer’s uniform attacked…
Customs obtain remand of accused involved in pilfering EPZ cargo
KARACHI: MCC Appraisement East lodged an FIR against Muhammad Akif and owners of M/s Hands Industries involved in revenue evasion through misuse of Export Processing Zone (EPZ) facility and obtained…
Customs values of suitcases revised
KARACHI: Director Customs Valuation Iqbal Muneeb has revised the customs values of suit cases (soft & hard) vide Valuation Ruling no.1341/2018. The customs values of suit cases (soft & hard)…
Pakistan’s textile sector exports remain flat
KARACHI: Exports of textile and clothing products recorded a 0.12 percent decline year-on-year to $1.13 billion in October 2018, while on month-on-month basis, textile sector exports recorded a growth of…
Over 500 professionals attend SECP sessions on anti-money laundering, counter terror financing
ISLAMABAD: More than 500 professionals from the securities and commodities market, insurance sector, non-banking financial institutions (NBFI) and the Securities and Exchange Commission of Pakistan (SECP) have attended 20 awareness…
PTCL, NDCTECH collaborate for banking cloud Setup within Pakistan
ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), signed a Memorandum of Understanding (MoU) with NDCTECH; an award winning partner of Temenos, world’s No.1 banking software, to create an in-country banking cloud…
PIA resumes suspended flights to Muscat and Sharjah
KARACHI: Pursuant to efforts to expand network of PIA, the national flag carrier has decided to resume its Muscat and Sharjah routes, which remained suspended for more than a year.…
FPCCI elections on December 28th
KARACHI: The Businessmen Panel (BMP) for the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has nominated Balochistan’s former caretaker chief minister Alauddin Marri as a presidential candidate for…
Pakistan stock exchange to delist Dewan Automotive Engineering Limited
KARACHI: Pakistan Stock Exchange (PSX) has proposed delisting of two companies namely Dewan Automotive Engineering Limited and Abdullah Shah Ghazi Sugar Mills Limited due to default. PSX has notified that…
FIA ordered to launch crackdown against hundi/hawala
KARACHI: Prime Minister Imran Khan has advised Federal Investigation Agency (FIA) to initiate an immediate crackdown throughout the country against all the operations of hundi/hawala (illegal modes of money transfer).…
KCCI finalizes 19 sub-committees, 4 special committees for 2018-19
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has appointed chairpersons of 19 sub-committees and four special committees for the year 2018-19. Chairman Businessmen Group & Former President KCCI,…
Pakistan’s reserves adequacy is among the lowest: Moody’s
KARACHI: Pakistan’s reserves adequacy is among the lowest of rated sovereigns covering less than two months of imports as of September 2018”, notes Moody’s in its ‘Global Emerging Markets: Outlook’…
Some respite for Pakistan’s current account deficit
KARACHI: Pakistan’s current account deficit (CAD) shrank by 4.57 percent or $232 million in the first four months of the current fiscal year (July-October) as trade deficit narrowed and remittance…
Pakistan’s forex reserves decline further
KARACHI: Pakistan’s total liquid foreign reserves fell 1.7 percent week-on-week to $13.832 billion during the week ended on November 9, 2018, the central bank said. The country’s total foreign exchange…
Large-scale reshuffling in Customs Intelligence & Investigation
KARACHI: Director General Customs Intelligence & Investigation Muhammad Zahid Khokhar has undertaken a large-scale re-shuffling within the directorate general. An official said former Director General Shaukat Ali had disturbed the…
SHC admits alleged Indian Gutka smuggler to protective bail
KARACHI: Justice Aftab Ahmed Gorar of High Court of Sindh (SHC) admitted an alleged smuggler of Indian Gutka and betel nuts to protective bail against a solvent surety of rupees…