DGTR creating Customs Museum in Karachi
By Mashhud KARACHI: Being based in the Imperial Custom House, Karachi, DGTR stands as a symbol of Pakistan Customs rich heritage. Aware of the need to preserve the heritage, the…
DGTR expanding accommodation facilities at Customs House
By Mashhud KARACHI: The Directorate General of Training and Research has embarked upon a tangible, meaningful and productive venture of expanding the accommodation facilities for not only the Assistant Collectors…
MCC Port Qasim recovers smuggled betel nut
By Mashhud KARACHI: Collector MCC Port Qasim Chaudry Jawaid has ordered examination of unclaimed containers lying at the terminal including those for which Goods Declaration (GD) have not been filed…
Resurfaced circular debt threatening the economy
KARACHI: The Pakistan Economy Watch (PEW) on Sunday said the circular debt has again resurfaced threatening the fragile national economy. The infamous power sector debt has surpassed Rs1300 billion and…
Special benches constituted in superior courts for hearing of tax related cases
LAHORE: Special Tax Benches have been constituted in the Supreme Court of Pakistan and the Lahore High Court for hearing of Tax related cases. The Federal Board of Revenue (FBR)…
FBR meets stakeholders to forge consensus on Track &Trace System for tobacco products
ISLAMABAD: Federal Board of Revenue (FBR) has held a wide-ranging, interactive session with the stakeholders, including representatives from the World Bank, to develop and implement a track and trace system…
MCC Preventive Lahore sets up Customs Mobile Registration Counters
By Mashhud KARACHI: MCC Preventive Lahore has setup three dedicated “Customs Mobile Registration Counters” for registration and assessment of mobile phones/devices brought illegally through informal channels. The Federal Government has…
ASO Karachi seizes diesel, petrochemicals
By Mashhud KARACHI: The Anti-Smuggling Organization (ASO) of MCC Preventive Karachi is pursuing a rigorous crackdown against smuggling, and seized huge quantity of smuggled diesel and petrochemicals in the last…
ASO Lahore seizes smuggled fabric
By Mashhud LAHORE: The Anti-Smuggling Organization Lahore has seized large quantity of smuggled fabric from a container-trailer here the other day. According to details, Information was conveyed through the collector…
Maldives can offer a lot of opportunities to Pakistani businessmen
KARACHI: Member of Maldivian Parliament Abdul Bari Abdulla has said that being an importing country, Maldives can offer a lot of opportunities to businessmen and industrialists of Pakistan who must…
Pakistan’s first private freight train starts from December 25
KARACHI: Pakistan’s first ever freight train in private sector is scheduled to launch its service from December 25, 2018, from Karachi Cantt Station to Lahore. Federal Minister for Railways, Sheikh…
Statutory meetings of ECO-CCI
KARACHI: The 25th Executive Committee and Specialized Committees Meetings of ECO Chamber of Commerce and Industry (ECO-CCI) were successfully held in Tashkent, Uzbekistan with participation of nine members’ countries. The…
Government urged to relax visa control for US investors
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) asked the government to consider the provision of long-term visas to the US businessmen. The American investors are facing…
SHC stays delivery of a loader truck
KARACHI: A division bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Friday stayed the delivery of an auctioned loader truck while…
Vortex Energy sells 49pc stake in 998MW pan-European wind energy portfolio
LONDON: Vortex Energy, a European renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a sale and purchase agreement to divest a 49% stake…
Alpha Petroleum Services, USA and RigMax officials visit PPL
KARACHI: A group of USA companies comprising of Alpha Petroleum Services of USA and withholding company RigMax, headed by their Chief Executive Officer, Truman Wright visited Pakistan Petroleum Limited (PPL)…
Current account deficit jumps 3.5pc
KARACHI: Pakistan’s current account deficit (CAD) increased by 3.5% MoM during November 2018 to $1.255 billion (5.2% of GDP). A sharp 19.6% MoM drop in workers’ remittances was the major…
Pakistan seeks long-term ties with lending institutions and Chinese firms
ISLAMABAD: Minister for Planning, Development & Reform (PD&R), Makhdum Khusro Bakhtyar has invited Asian Infrastructure Investment Bank (AIIB) and Chinese corporate leaders to forge a sustainable long-term partnership with Pakistan…
Asad orders FBR to improve refund system for early processing of exporters’ claims
ISLAMABAD: Finance Minister Asad Umar has advised Federal Board of Revenue (FBR) to review and improve the Expeditious Refund System (ERS) parameters to ensure early processing of exporters’ claims. He…
ADB to provide $2.3bn program lending to Pakistan in 3 years
KARACHI: Asian Development Bank (ADB) will provide programme lending facility to Pakistan to the tune of $2.3 billion in the next three years, starting 2019, in the spheres of future…