MCC Quetta seizes smuggle goods worth Rs11 million
QUETTA: MCC Quetta has seized smuggled goods worth Rs11 million as a crackdown against movement of smuggled goods continues under the supervision of Collector Quetta Ashraf Ali. The staff of…
PTI government to present 2nd mini-budget on January 23rd
KARACHI: The government would present the supplementary finance bill on January 23, 2019, which is aimed at investment facilitation and increasing ease of doing business rather than revenue generation, Finance…
KSE-100 Index gains 4.0 percent backed by UAE’s support package
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 index gained 4.0 percent or 1,502 points closing the week ended January 11, 2019 at 39,049 points, as $3.0 billion support package was…
SSGC conduct raids, cut down numerous illegal connections, two culprits arrested
KARACHI: SSGC tightened its noose on gas thieves by conducting a number of raids during the last few days in its franchise provinces of Sindh and Balochistan. In different raids,…
Drug Regulatory Authority notifies up to 15 percent increase in medicine prices
KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) has notified 9.0 percent to 15 percent increase in drug prices to provide much-needed relief to the local drugs’ producers in view…
Chinese Embassy donates 4 X-Ray scanners to Pakistan Customs
KARACHI: Chinese Embassy in Pakistan donated four X-Ray scanners to the Custom Wing of Federal Board of Revenue here on Friday. The equipments were handed over by Chen Wei, Counsellor…
FPCCI seeks duty free export to China from Gwadar
GWADAR: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has sought duty free access to Chinese market for exports from the industry setup in Gwadar free zone. A…
Khurram Shahzad assumes charge as acting president KCCI
KARACHI: Khurram Shahzad, Senior Vice President KCCI has assumed charge as acting president of the Karachi Chamber of Commerce and Industry (KCCI) during the absence of President KCCI Junaid Esmail…
Seminar on inter-agency cooperation held at DG IPR Enforcement
ISLAMABAD: The Directorate General of IPR (Enforcement) held a seminar on the topic of inter agency coordination for controlling Intellectual Property Rights (IPR) infringements in Pakistan at Custom House Islamabad.…
Pakistan’s six-month trade deficit clocks in at $16.9 billion
KARACHI: The July-December 2018 trade numbers were released on Thursday, where Pakistan’s exports were recorded at $11.1 billion, up 1.7 percent over last year while the country’s imports for the…
SBP wins the global award as the best central bank in promoting Islamic finance
KARACHI: State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year 2018. The coveted award is conferred by…
Nestlé Pakistan wins First Prize for Global Compact Business Sustainability Award 2018
KARACHI: For the third consecutive time, Nestlé Pakistan won the First Prize for “Living the Global Compact Business Sustainability Award 2018″, in the multi-national category, at the “Business Sustainability Moot…
Overseas Pakistanis remit $10.7 billion in six months
KARACHI: Overseas Pakistani workers remitted $10.718 billion in the first half (July to December) of the current fiscal year FY19, showing a growth of 10 percent compared with $9.744 billion…
Pakistan’s automobile sales post 1.0 percent growth in December
KARACHI: Pakistan auto sales are up 1.0 percent in December 2018 to 19,423 units compared with 19,237 units sold in December 2017. However, sales are up 11 percent compared with…
Exporters reluctant to take interest in Pakistani markets due to overnight imposition of RDs
KARACHI: Consul General of Sri Lanka G. L. Gnanatheva, while highlighting some the obstacles in way of smooth trade between Pakistan and Sri Lanka, particularly mentioned that the imposition of…
Government’s directives to upgrade add to the refineries’ woes
KARACHI: The government has announced a ban on the import of Furnace Oil (FO) and also instructed refineries to utilize deemed duty granted to them on sale of High Speed…
Financial Monitoring Unit forwards more cases to FBR for further investigation
KARACHI: As the government tightens nose against money laundering and unauthorized flight of capital, the Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP) has identified Ali Khan…
Cement dispatches show a minor growth of 4.0 percent in first half
KARACHI: Pakistan’s cement dispatches depict a growth of 4.0 percent in first half of the current fiscal year (July-December 2018) to 23.11 million tons, primarily due to robust export –…
Customs Intelligence Lahore seizes smuggled goods worth Rs30 million
KARACHI: Customs Intelligence & Investigation Lahore has seized 23 tons of smuggled betel nut worth Rs30 million and arrested two persons. Information was passed through Director Rubab Sikander that smuggled…
Customs values of various types of resins revised
KARACHI: Directorate of Customs Valuation Karachi has revised the Customs values of phenolic resin, polyurethane resin, melamine resin and epoxide resin vide Valuation Ruling No.1351/2019. Earlier the Customs values of…