Adab Festival Pakistan to open on February 01, 2019
KARACHI: “Adab Festival Pakistan (Adab Fest), opening on February 01, 2019, is a tapestry of literature and culture that will promote and nurture talent in writing, research, music, art, dance,…
Sixth Schedule to the Sales Tax Act amended
KARACHI: The Finance Act Supplementary Second Amendment Bill has proposed several amendments in the Sixth Schedule of the Sales Tax Act. Exemption on import or supply of items with dedicated…
Amendment made in Finance Act to expedite recovery of taxes from undiscovered offshore assets
KARACHI: PTI government has made an amendment in the Finance Act through supplementary bill to avoid unnecessary delay in the recovery of taxes due from the offshore assets which have…
ASO Customs Intelligence Karachi seizes smuggled goods worth Rs40 million
KARACHI: The Anti-Smuggling Organization (ASO) of Directorate of Customs Intelligence & Investigation, Karachi has seized smuggled goods worth Rs40 million in a week. ASO wing of Customs Intelligence & Investigation…
Meezan Bank and KIA Lucky Motors sign MoU
KARACHI: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan has recently signed a Memorandum of Understanding with KIA Lucky Motors Pakistan Ltd – a collaboration between…
Hinopak Motors posts loss
KARACHI: Hinopak Motors Limited has posted a net loss of Rs687.5 million for the quarter ended December 31, 2018. Company had posted a net profit of Rs191.32 million in the…
Honda Atlas Cars’ profits decline 57.5pc
KARACHI: Honda Atlas Cars (HCAR) has announced a net profit of Rs601.595 million for the quarter ended December 31, 2018, which is 57.5 percent lower than the profit of Rs1.416…
Ringing the wedding bells with Mona J
KARACHI: To celebrate the current wedding season, Mona J, celebrity makeup stylist, hosted an exclusive media session here at Mona J Salon and Spa. The meetup kick-started with a brief…
PLDT lends support to Philippines infrastructure deployment plan
PLDT has stated that it would support a government plan to open the Philippines’ telecoms sector up to independent companies in order to increase the spread of base stations. The…
Liberty Latin America abandons acquisition talks with Millicom
Liberty Latin America has walked away from its discussions with Millicom over a possible acquisition. Around a week after it emerged that LLA had made a non-binding proposal to Millicom,…
Finance Supplementary 2nd Amendment: Growth, boost rightly supersede deficit worry
OPINION: Thank God, we have finally realized that, what we needed the most was growth and the overall boost to the economy through corrective structural measures rather than the typical…
SHC seeks compliance report from QICT, shipping line
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Wednesday sought a compliance report from QICT and…
Suit by Shaheen Air dismissed
KARACHI: Justice Junaid Ghaffar of High Court of Sindh on Wednesday dismissed a suit filed by Shaheen Air International (SAI) against recovery notice of Rs200 million as Sales Tax dues.…
Customs duty reduced to 3.0 percent on several steel goods
KARACHI: The Finance Supplementary 2nd Amendment Bill has proposed to reduce customs duty on wire of stainless steel under PCT: 7223.000, and other alloy steel (in ingots or other primary…